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How to Set Up Bitcoin Security for Families or Teams

Published on
13 Apr, 2025 | 09:47
Image: AI-generated for bitcoin24.com

Shared Responsibility, Shared Security

Families and teams often manage Bitcoin together—whether for inheritance, business, or group savings. Setting up shared access reduces risk and builds trust.

Best Practices

  • Use multisig: Require multiple keys to move funds, e.g. 2-of-3 setup.
  • Distribute access: Store keys in separate locations or with separate people.
  • Clear roles: Define who can recover, approve, or initiate transactions.

Education Matters

Make sure everyone involved understands the tools. Regularly review the setup and update instructions when needed.

Security Tip

Backup the knowledge—not just the keys. Write down processes in a secure place and make them understandable for non-techies.

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