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All CollectionsTheya App: Self-Custody Basics
What are singlesig vaults? How do they work?
What are singlesig vaults? How do they work?

Learn about the types of singlesig vaults and how they can be used.

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Written by Jake Morr
Updated over 6 months ago

Theya is a modular bitcoin self-custody solution. In addition to collaborative multisig vaults, users can create and manage singlesig vaults. A singlesig vault is secured by one private key (backed by a recovery seed phrase) and requires only one signature to send a transaction.

Singlesig vaults are convenient for on-chain payments and movements of funds. They are also ideal for consolidating bitcoin in self-custody before moving to a multisig vault. This approach offers the robust security of self-custody while maintaining convenience.


Singlesig Vaults With Theya

  • Hold and maintain your own private keys.

    • Theya is non-custodial, meaning user(s) have control of their bitcoin.

  • Create a singlesig vault with a mobile key or by pairing hardware devices.

  • Manage multiple vaults secured by different of devices—all with one app.

Every modular key option for multisig can be used to create a singlesig vault (and vice versa). This means that if you pair a device to create a singlesig vault, it can double as one key in your 2-of-3 multisig vault.


Mobile Key

Create a singlesig vault with a mobile key (your phone) for a quick self-custody solution. Receive, hold, and send bitcoin (on-chain), with the convenience of signing a transaction with FaceID or your phone's passcode.


Hardware Device

Pair a hardware device with Theya and create a singlesig vault for simplified cold storage. Receive, hold, and send bitcoin (on-chain) with the peace of mind that your private keys are held offline.



Why Use A Singlesig Vault?

There are endless ways to utilize the modular nature of Theya. Here are two general scenarios where a singlesig vault can compliment a multisig vault for individual self-custody.

  • A user wants to withdraw bitcoin from an exchange into self-custody, but it's not a large enough amount to justify moving to a multisig vault.

  • A user wants to the benefits of cold storage, but plans on moving these funds in the near future; preferring the ease, and lower transaction cost, of singlesig.


Schedule a free consultation to discuss your specific needs!


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