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How does Theya’s modular multisig work?
How does Theya’s modular multisig work?

Explore Theya's modular multisig vaults. Learn basic setups for individual and shared custody, and all the key options available for users.

J
Written by Jake Morr
Updated over 6 months ago

A multisig wallet in Bitcoin mitigates risks of loss, theft, or unauthorized access by ensuring that no single point of failure can compromise a user's funds. Theya makes multi-signature technology accessible to non-technical users through its easy-to-use mobile app.

Theya’s 2-of-3 multisig vault can be configured in a variety of ways, but ultimately the user(s) holds two keys (via hardware wallets or mobile wallet), while Theya retains one key as a backup for recovery purposes.

Users maintain direct control over their bitcoin by possessing two of the three necessary keys for making a transaction.

The platform supports multi-user management, allowing shared custody arrangements for families and businesses with multiple stakeholders, passing on key control, and collaborative efforts with financial advisors.

Theya does not directly facilitate shared custody arrangements itself. Instead, it is a modular tool for users to set up bitcoin vaults in a manner that suits their needs.


2-of-3 Multisig Variations

Multisig Vault Type

Key 1

Key 2

Key 3

Individual

HWW

HWW

Theya Recovery

Individual

Mobile Key

HWW

Theya Recovery

Shared

HWW

Cosigner

(HWW)

Theya Recovery

Shared

HWW

Cosigner

(Mobile Key)

Theya Recovery

Shared

Mobile Key

Cosigner

(HWW)

Theya Recovery

Shared

Mobile Key

Cosigner

(Mobile Key)

Theya Recovery

*Hardware wallets (HWWs) keep your keys offline for greater security.


Singlesig Vaults

With Theya, every modular key option for multisig can be used to create a singlesig vault, requiring only one signature to move funds. These singlesig vaults are ideal for consolidating bitcoin prior to multisig storage (for improved UTXO management) and simplified on-chain transactions.

  • HWWs paired for multisig can simultaneously be used as a singlesig vault.

Note: With all singlesig or multisig wallet setups, it's at the user(s) discretion how to secure and store their physical hardware devices and recovery seed phrases.


Multisig Tutorial Videos

Watch @JoeConsorti quickly set up 2-of-3 multisig vaults using a variety of devices.

Mobile Key & Ledger Nano X

Coldcard MK4 & Trezor Safe 3

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Schedule a free consultation to discuss your specific needs!


🔍 Learn More About Bitcoin

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