Let’s talk about multisig wallets.
With a 2-of-3 multisig, if one private key is compromised, the other two can still sign; if you lose two keys, you can no longer move the assets.
One more thing to consider: multisig wallets are more cumbersome to use. Every transfer requires collecting signatures, and executing a multisig contract on Ethereum also consumes more gas than an ordinary transfer.
After setting up a multisig wallet, you can first rehearse the signing process with a small amount to make sure every signer knows what to do.
Related asset: $BTC — current price 84630.81 (24h +2.45%).
With a 2-of-3 multisig, if one private key is compromised, the other two can still sign; if you lose two keys, you can no longer move the assets.
One more thing to consider: multisig wallets are more cumbersome to use. Every transfer requires collecting signatures, and executing a multisig contract on Ethereum also consumes more gas than an ordinary transfer.
After setting up a multisig wallet, you can first rehearse the signing process with a small amount to make sure every signer knows what to do.
Related asset: $BTC — current price 84630.81 (24h +2.45%).