How to check the multi-signature balance in Bitpie Wallet?

June 07, 2025

In today's world where digital currencies are becoming increasingly popular, having a secure and reliable wallet is especially important. Bitpie Wallet, as a popular cryptocurrency wallet, helps users effectively manage their assets, with the multi-signature (multi-sig) feature serving as a key measure to ensure transaction security. Through multi-sig, multiple keys are required to complete a transaction, greatly enhancing the wallet's level of protection. This article will focus on methods for checking multi-sig balances in Bitpie Wallet, as well as related precautions, features, and usage tips.

I. Definition and Importance of Multi-signature

Multi-signature, or multi-sig for short, is a mechanism that enhances security. In such wallets, users can set up multiple signature addresses, and assets can only be transferred when a certain number of signatures are provided. The advantage of this approach is that even if one private key is compromised, the other digital assets remain secure. Therefore, multi-signature wallets are often used for business collaborations, team management, and the protection of large assets.

Overview of Bitpie Wallet

Bitpie Wallet is a multifunctional digital wallet that integrates multiple cryptocurrencies. Users can conduct transactions, store, and exchange digital currencies on Bitpie. The wallet features a user-friendly interface, supports multiple languages, and is suitable for users of different levels. Its multi-signature function is especially favored by users who wish to enhance security.

3. The Necessity of Checking Multi-signature Balances

How to check the multi-signature balance in Bitpie Wallet?

Checking the multisig balance is an important step for users to manage and utilize their digital assets. Knowing the current multisig balance can help users:

Grasp the status of assetsStay informed about the current status of assets in a timely manner to prevent losses caused by delayed responses.

Transaction MonitoringUsers can track the transaction activities of multi-signature addresses, increasing transparency.

Enhance securityClear balance information can help users detect abnormal transactions early and take appropriate measures.

4. Steps to Check Multi-Signature Balance in Bitpie Wallet

Log in to Bitpie Wallet：

Open the Bitpie Wallet app on your phone and log in to your account by entering your password or using biometric authentication (such as fingerprint or facial recognition).

Enter multi-signature wallet feature：

On the main page, find the "Wallet" option. After clicking it, you will see a list of all the wallets you own. Find the multi-signature wallet you set up among them and click on it.

Check balance：

After entering the multi-signature wallet you selected, the system will display detailed information about the wallet, including the current balance. The balance here includes various supported cryptocurrencies.

Transaction History：

To view detailed transaction information, you can check the history section. Here, all transactions related to this multisig address will be displayed, including the time, amount, and status.

Manage signature settings：

While viewing the balance, users can also enter "Security Settings" or "Signature Management" to adjust and manage settings related to the multi-signature address.

5. Precautions During Operation

How to ensure safetyWhen using the Bitpie wallet, ensure that your device is secure, change your password regularly, and do not disclose your private key information.

Regular backupAlthough Bitpie Wallet provides good security measures, regularly backing up your wallet is an effective way to prevent asset loss caused by device failure.

Pay attention to official information.Frequently check the official information of Bitpie Wallet to obtain the latest security strategies, feature updates, and usage tips.

6. Advantages and Disadvantages of Multi-signature Wallets

Advantages：

High securitySince multiple signatures are required, a single stolen private key cannot fully control the wallet, providing double insurance.

FlexibilityAble to set different numbers of signatures according to various needs, to accommodate individual or team operations.

TransparencyAll signatories can view the balance and transactions at any time, increasing transparency.

Disadvantages：

Use complexCompared to single-signature wallets, multisignature wallets are slightly more complex to set up and use, requiring a certain learning curve.

Low-latency tradingDue to the requirement for multiple signatures, transaction confirmation times are affected, which becomes especially noticeable when multiple participants are involved.

Management costMulti-signature users need to ensure that all participants can keep their private keys secure, and proper management is also more complex.

7. Summary and Outlook

With the continuous development of blockchain technology, multi-signature mechanisms will be applied in more fields. Thanks to its powerful features and excellent user experience, Bitpie Wallet has become the choice of an increasing number of users. Understanding how to check multi-signature balances not only helps users better manage their assets, but is also an important step in ensuring the security of digital currencies.

Frequently Asked Questions

Create a multi-signature wallet

Creating a multi-signature wallet usually involves selecting the multi-signature feature in the wallet settings, entering the addresses of the required participants, and setting the number of required signatures.

Can a multi-signature wallet support all cryptocurrencies?

Bitpie Wallet supports a variety of popular digital currencies, such as Bitcoin, Ethereum, and others. The specific supported coins can be viewed within the wallet.

If my private key is stolen, are my assets safe?

If the private key is stolen but no other signatures are leaked, the assets remain secure. Users can change the signature settings and must immediately notify the other holders.

What should I do if I encounter problems while checking my balance?

If the balance cannot be displayed, please check your network connection, make sure you are logged into the correct account, and if necessary, restart the app or contact Bitpie customer service.

How is the transaction fee for a multi-signature wallet calculated?

Transaction fees are usually set by the blockchain network, and users can choose the transaction fee when initiating a transaction. The amount of the fee will affect the speed at which the transaction is confirmed.

Through this article, readers can gain a deeper understanding and mastery of the multisig balance viewing feature in Bitpie Wallet, laying a foundation for the secure management of digital assets.