Cryptocurrency Q&A Can two people use the same Bitcoin wallet?

Can two people use the same Bitcoin wallet?

SsangyongSpiritedStrength SsangyongSpiritedStrength Fri Nov 01 2024 | 5 answers 1094
I'm wondering if it's possible for two individuals to share and access the same Bitcoin wallet simultaneously. Could they both make transactions from the same wallet? Can two people use the same Bitcoin wallet?

5 answers

KpopStarletShineBrightnessStarlight KpopStarletShineBrightnessStarlight Sat Nov 02 2024
Alternatively, a single user can use a multisig wallet across multiple devices, ensuring that a transaction can only be confirmed if the user verifies it from multiple sources.

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CoinMaster CoinMaster Sat Nov 02 2024
This additional layer of security makes multisig wallets a popular choice for storing large amounts of cryptocurrency or for use in business or team settings.

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Maria Maria Sat Nov 02 2024
A multisig wallet is a special type of cryptocurrency wallet that operates on the principle of requiring multiple signatures.

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Caterina Caterina Sat Nov 02 2024
Also known as a multisignature wallet or a shared wallet, this wallet is designed to enhance security and prevent unauthorized transactions.

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Martina Martina Sat Nov 02 2024
To confirm and send a transaction from a multisig wallet, two or more signatures are required. This can be achieved by multiple keyholders working together.

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