What are Multisig Wallets?

Multisignature (often called "multisig") cryptocurrency wallets require more than one person to sign off on a transaction before it can be completed. It adds an extra layer of security to your wallet, as hackers would need to compromise more than one device or account to steal your funds. There are several different ways that multisig wallets can be set up, but a common example is a 3-2 wallet. This means there are three keys, and any two must sign off…