When it comes to storing your bitcoin, multisignature—or multisig for short—is widely recognized as one of the most secure methods. It can eliminate risks associated with exchanges and custodians, and simultaneously addresses the most common issues with self-custody. In this article, we’re going to walk through why you should hold your own bitcoin keys, what standard singlesignature self-custody looks like, and how multisig is an improvement for long-term cold storage.
Why Should I Self-custody?
Interest in bitcoin usually begins with recognizing it as an alternative monetary tool that remedies some of the clear dangers of conventional money, such as inflation, censorship, and confiscation. As motivation grows for transferring wealth into bitcoin, people are immediately faced with the decision of how to safely store it.
The first piece of advice you might hear is to avoid custodial solutions. The reason for this is simple: custodians of fiat currencies like the U.S.
We współpracy z: https://bitcoinmagazine.com/guides/what-is-multisig
