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What is Multisig Wallet?
A multisig wallet requires multiple private keys to authorize a transaction — like a bank safe that needs 2 out of 3 keys to open. Much safer than single-key wallets.
Full Explanation
Multisignature (multisig) wallets require M-of-N signatures to execute transactions (e.g., 2-of-3, 3-of-5). They're the standard for securing large amounts: DAOs use them for treasury management, teams use them so no single person can run off with funds, and individuals use them for inheritance planning. Gnosis Safe (now Safe) is the most popular multisig on Ethereum. If you hold significant crypto, a multisig is worth setting up.
Related Terms
Last updated: 2026-03-21
