itBit Support Center

Are Customer Bitcoins Held in Multi-Signature Wallets?

Last Updated: Feb 08, 2018 07:50PM UTC

Yes. itBit holds all customer bitcoin balances in multi-signature wallets. This wallet technology requires several cryptographic signatures before any bitcoins can be moved off the platform. Multi-signature wallets provide better security than single-signature wallets and are rapidly becoming an industry standard.

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