What is a Bitcoin multisig wallet?

A Bitcoin multisig wallet is a type of Bitcoin wallet that uses multiple private keys to secure funds. Multisig wallets require two or more private keys to authorize a transaction, providing an extra layer of security.

This type of wallet is particularly useful for businesses or any other organization that receives payments in Bitcoin. With a multisig wallet, there is no single point of failure, meaning that funds can only be spent if multiple parties agree to the transaction.

It also allows users to set up custom rules for transactions, such as requiring multiple signatures from different people or requiring a certain amount of time to pass before a transaction can be completed.