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Method for setting multi-signature threshold in Bitpie wallet

bitpie
Jun 28, 2025
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In the increasingly popular world of cryptocurrency, security has become one of the top concerns for every user. The multi-signature mechanism, as an effective security measure, is gaining more and more favor from users. The popular cryptocurrency wallet, Bitpie, fully supports multi-signature functionality. Next, we will detail how to set the multi-signature threshold in the Bitpie wallet, as well as provide information on related withdrawal operations, wallet registration and download, supported currencies, and more.

Overview of Bitpie Wallet


Bitpie Wallet is a powerful digital currency wallet that supports the storage and management of multiple mainstream currencies. With its user-friendly interface and excellent security performance, it has attracted an increasing number of users to choose and use it.

1.1 Wallet Registration and Download


Users need to go to the official website or app store to download the Bitpie wallet. After downloading, they can register by following these steps:

  • Open the Bitpie Wallet app and select "Register."

  • Enter your phone number or email, and set a secure password.

  • Successfully created wallet following the prompts for verification.

  • Method for setting multi-signature threshold in Bitpie wallet

    After registration, users can choose to create a new wallet or import an existing one.

    Multi-currency support


    The Bitpie wallet supports multiple cryptocurrencies, including Bitcoin, Ethereum, USDT, and other mainstream currencies. In addition, it also supports some niche currencies, providing users with a more diverse selection. This feature allows users to efficiently manage multiple digital assets on the same platform, greatly enhancing convenience.

    Alternative security mechanism


    In terms of security, the Bitpie wallet has implemented multiple protective measures, including:

  • Private key managementThe user's private key is kept by themselves, using a non-custodial mode to ensure that the private key is not uploaded to the server.

  • MnemonicThe mnemonic phrase generated when creating a wallet is the only credential for restoring the wallet, and users need to keep it safe. If it is lost, it cannot be recovered.

  • Multi-signature mechanismWhen users use multi-signature functionality during transfers, it effectively enhances the security of the funds.

  • Mnemonic Management


    Mnemonic words are the core elements of a digital asset wallet, containing the private key and account information. When creating a wallet, a set of 12 to 24 words will be generated as mnemonic words. To ensure the security of the assets, users should pay attention to the following points:

  • Properly preserveRecord the mnemonic phrase in a secure place and avoid storing it on electronic devices.

  • Regular backupBackup your mnemonic phrase promptly to prevent loss.

  • Prevent leakageDo not share your mnemonic phrase with anyone to prevent your account from being stolen.

  • Withdrawal operation


    Withdrawing funds in the Bitpie wallet is relatively simple. Users can follow these steps: 1. Open the Bitpie wallet and log in. 2. Select the cryptocurrency you want to withdraw. 3. Click on the "Withdraw" or "Send" button. 4. Enter the recipient's wallet address. 5. Input the amount you wish to withdraw. 6. Review the transaction details and confirm the withdrawal. 7. Wait for the transaction to be processed and completed.

  • Open the Bitpie wallet and enter the main interface.

  • Select the currency you want to withdraw and go to the asset page for that currency.

  • Click the "Withdraw" button, enter the withdrawal address and the withdrawal amount.

  • Verify identity by entering password or other necessary security information.

  • Confirm the operation and patiently wait for the transaction to complete.

  • The withdrawal time is affected by the network status and usually takes several minutes to several hours.

    Multi-signature Threshold Setting


    The multi-signature feature in the Bitpie wallet is a major highlight, allowing users to require multiple private key signatures to complete transactions, effectively enhancing fund security. The steps to set the multi-signature threshold are as follows:

    6.1 Create a multi-signature wallet


  • Select "Create Wallet" in the Bitpie wallet.

  • In the wallet creation options, select the "Multi-signature Wallet" mode.

  • Enter the number of participating multi-signature members, for example, in a 2-of-3 scheme, which requires 2 out of 3 members' signatures to complete the transaction.

  • Add the public key for each member.

  • 6.2 Set Multi-Signature Threshold


  • Enter the multi-signature wallet setup interface.

  • Select the "Set Threshold" option.

  • Enter the required number of signatures.

  • Save settings and confirm.

  • After completing the above steps, your multi-signature wallet will be fully set up. When making transactions, the system will require the corresponding number of signatures to ensure the security of the assets.

    Support from the community and ecology


    The Bitpie wallet is not just a wallet application, but also a complete ecosystem. Users can obtain the latest information and support by participating in community activities. Bitpie wallet has an active user community, supporting users to communicate with each other through social media, forums, and other forms to share experiences and solve problems.

    7.1 Community Activities


    The Bitpie wallet community regularly holds online and offline events, such as knowledge sharing sessions and technical exchange meetings, where users can participate and obtain the latest industry trends and technical information.

    7.2 Customer Service Support


    The Bitpie wallet provides multiple customer service channels, including FAQs, online customer support, and community forums, allowing users to seek help at any time to resolve any issues encountered during use.

    Frequently Asked Questions


  • Which cryptocurrencies are supported by Bitpie Wallet?

  • The Bitpie wallet supports a variety of mainstream digital currencies, including Bitcoin, Ethereum, USDT, and also supports some niche currencies. Specific information can be found on the official website of the Bitpie wallet.

  • What should I do if I forget my mnemonic phrase?

  • Mnemonic words are important credentials for recovering a wallet, and cannot be retrieved if lost. Therefore, when creating a wallet, it is essential to keep the mnemonic words safe, and it is recommended to record them on paper and store them in a secure place.

  • How does the multi-signature mechanism enhance security?

  • The multi-signature mechanism requires multiple private keys to sign a transaction in order to be completed. Even if one of the private keys is stolen, the attacker cannot transfer the assets alone, significantly improving the security of the assets.

  • How long does the withdrawal process take?

  • The time required for withdrawal may be affected by network status and transaction congestion, typically taking from a few minutes to several hours.

  • Contact Bitpie Wallet customer service

  • The Bitpie wallet provides multiple customer service channels, including online customer service, email support, and community forums, allowing users to choose the most suitable way to seek assistance based on their actual needs.

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