What is a multisig wallet? How is it different from a regular wallet?
To recover a Bitcoin multisig wallet, you need not only enough mnemonic phrases, but also the extended public keys of all signers or the wallet descriptor.
The trade-off with multisig is that it’s more complex to use: every transfer requires enough signatures, and executing a multisig contract on Ethereum also costs more gas than a regular transfer.
By the way: $BTC is quoted at 75891.21, 24h -0.36%.
Don’t take screenshots of your mnemonic phrase, and definitely don’t store it in cloud storage.
To recover a Bitcoin multisig wallet, you need not only enough mnemonic phrases, but also the extended public keys of all signers or the wallet descriptor.
The trade-off with multisig is that it’s more complex to use: every transfer requires enough signatures, and executing a multisig contract on Ethereum also costs more gas than a regular transfer.
By the way: $BTC is quoted at 75891.21, 24h -0.36%.
Don’t take screenshots of your mnemonic phrase, and definitely don’t store it in cloud storage.