Question 1

What is Vultisig?

Accepted Answer

It is a secure, multi-authentication wallet based on MPC technology that is used to manage digital assets. Transactions require approval from multiple devices.

Question 2

What are the benefits of using Vultisig?

Accepted Answer

Vultisig offers enhanced security with multi-device authentication, support for many blockchains, easy recovery options, and no seed phrases or user tracking.

Question 3

Can I recover my assets if I lose a device?

Accepted Answer

Yes, as long as you saved and have access to your backups when creating the vault. You can import these backups on a new device to regain access to your assets.

Question 4

How is Vultisig used?

Accepted Answer

Vultisig securely stores and manages digital assets. All actions, such as sending or swapping, require the threshold of devices to sign transactions.

Question 5

What are the fees and costs?

Accepted Answer

Vultisig is free to use. Only standard network fees apply to sending. And for swaps and bridges, there's a 0.5% (50 bps) fee.

Question 6

What cryptocurrencies are supported by Vultisig?

Accepted Answer

Vultisig supports major cryptocurrencies and tokens, with over 30 chains and their tokens, currently available.

Question 7

Is Vultisig open source and audited?

Accepted Answer

Yes, Vultisig is open source and has undergone security audits. Both the audit reports and the source code are accessible.

Question 8

How does Vultisig handle privacy and data protection?

Accepted Answer

Vultisig does not store any user information from its mobile apps.

Question 9

How does Vultisig compare to other multisig wallets?

Accepted Answer

It is built on MPC technology, which eliminates the need for seed phrases and supports multiple blockchains, making Vultisig flexible and chain-agnostic.

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