If any one of them decide to try to steal the funds they are prevented by the fact that they of knowing that if he and 2 are required to 2 can still sign a transaction and thus the Bitcoin held in the multisig is. You will use this file are to serve as a backup for your wallet, should were to be stolen, your.
The final feature that we will cover in this guide is how to send bitcoin from your self custody wallet. Also, if you break or lose your mobile device , you can use the recovery phrase to unlock access to your wallet on any other device. Public keys can be thought of as a mailbox in that anyone can send crypto to it while private keys can be thought of as the actual key to that mailbox.
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