Thanks. So if i start using the BTC.com wallet, i'll automatically be using the multisig wallet?
But who holds the individual keys to claim the btc? For example do i hold a key and btc.com hold a key, or do i just hold all my keys(which sort of defeats the purpose of multisignature wallets in the first place, doesn't it)?
Is there any way to recover my btc.com wallet without the btc.com website functioning? Or rather is there an offline way to do it, even when btc.com is down?
Sorry for so many questions. Plus are you involved with btc.com? Thought neutralLTC was the forum rep here.
The wallet is automatically multi signature yes. You are holding a key and BTC.com is holding another one, the recovery page is open source:
https://github.com/blocktrail/wallet-recovery-tool You can always download it and run it locally If you wish to. Finally, no, I'm not affiliated with BTC.com, I just like the services they provide so If you have a bug to report etc. Its better to contact neutralLTC.
Ah, okay. Thanks for the reply, once again.
however since btc.com holds one of the keys if they decide to shut down their service for whatever reason and not provide the keys that would otherwise 'unlock' the bitcoin balance, what would users be able to do?
Would they still be able to use the opensource tool even if BTC.com does not provide its keys?
Sorry for the trouble, once again. I'm just looking for an alternative web wallet to use and btc.com looks interesting.