How to Revoke Multi-Signature Authorization in Bitpie Wallet: An Essential Security Operation

June 07, 2025

With the growing popularity of virtual assets, more and more people are paying attention to the security of digital currency wallets. Bitpie Wallet, with its multi-signature (multi-sig) feature, provides users with a more secure asset management solution. However, as needs change, users may encounter the need to revoke authorization when managing multi-signature permissions. This article will explore in depth how to revoke multi-signature authorization in Bitpie Wallet and reveal important considerations during this process.

Overview of the Multi-signature Mechanism

Multisignature is a security measure that requires the joint signatures of multiple keys to conduct a transaction. This mechanism greatly enhances the security of digital assets and can effectively prevent single points of failure and malicious attacks. The multisig feature of Bitpie Wallet allows users to set up multiple signers, and each transaction requires a specified number of signatures to be executed, thereby ensuring that only authorized signers can handle the funds.

When using a multi-signature wallet, users may add or remove signers. In some cases, for higher security considerations or personal reasons, users need to revoke authorization to prevent potential asset loss.

2. Necessity of Revoking Authorization

The need for revoking authorization mainly arises from the following aspects:

Safety concernsIf a signer's key is stolen or leaked, immediately revoking their authorization can effectively protect asset security.

Change team membersWith changes in team members, it is necessary to promptly adjust multi-signature authorizations to ensure that only current valid team members are authorized.

How to Revoke Multi-Signature Authorization in Bitpie Wallet: An Essential Security Operation

Change Management StrategyIn the event of market changes or adjustments to company management strategies, it may be necessary to reassess multi-signature authorizations and revoke them in a timely manner.

After understanding these necessities, the next topic to explore is how to efficiently and securely revoke authorization.

3. Preparations for Revoking Authorization

Before initiating the deauthorization process, users need to complete the following preparations:

Identity verificationMake sure you are one of the authorized signatories with revocation rights.

Back up important informationIt is necessary to back up all relevant private keys and mnemonic phrases to prevent being unable to recover them in case of unexpected situations.

CybersecurityThe undo operation requires an internet connection. Please ensure the security of your network environment and that the device you are using is free from virus infections.

4. Actual Steps for Revoking Authorization

The following are the basic steps for generally revoking multisig authorization. Users should pay attention to protecting their personal security information when performing these operations.

Log in to Bitpie Wallet

First, the user needs to enter security credentials to log in to the Bitpie wallet. In the multi-signature management interface, locate the section related to revoking authorization.

Enter the multi-signature management interface

After logging in, locate the management option for the multi-signature wallet. Here, you will find information about all signers, including their respective addresses and signing permissions.

Select the authorization to be revoked

Select the corresponding signer you wish to revoke authorization for from the list of signers. Make sure you confirm that you are revoking the correct address to avoid unnecessary mistakes.

Perform undo operation

Follow the prompts on the wallet interface to perform the revocation operation. Usually, transaction verification is required to ensure that the operation is being performed by an authorized user.

Confirm transaction

Continue to confirm this transaction as required by the wallet and patiently wait for on-chain confirmation. The revocation of authorization transactions must also follow the basic rules of the blockchain and will take effect once completed.

5. Inspection After Revocation of Authorization

After completing the operation, in order to ensure everything goes smoothly, the user should perform the following steps for confirmation:

View historyView the recent transaction history in the wallet and check whether the transaction was successfully canceled.

Notify other signatoriesIf there are other team members, they should also be informed that the authorization of the person in question has been revoked to avoid any misunderstandings.

Update management strategyReevaluate the existing multi-signature strategy and make adjustments if necessary to ensure it can address future risks.

Precautions when revoking authorization

During the process of revoking authorization, there are some detailed matters that users need to pay special attention to:

Operate with cautionEach time you modify the multi-signature settings, it may affect the security of the wallet, so please proceed with caution.

Stay safeAlways keep your private key and mnemonic phrase secure to prevent information leakage.

Timely updatesIf other signatories also need to make changes, the signatory information should be updated promptly to maintain the validity of the multi-signature authorization.

Frequently Asked Questions

After revoking authorization, will the amount be restored immediately?

After revoking authorization, this signer will no longer have permission to conduct any transactions, but previously authorized transactions will remain valid. You need to perform the relevant actions in the management interface.

What happens if the operation is interrupted?

If there are network issues during the cancellation process, the transaction may not be successful. It is recommended to proceed only when the network is stable and to ensure that all information is properly backed up.

Will revoking an individual signer affect other signers?

Revoking authorization will only affect the signer whose authorization is revoked; the permissions and functions of other signers will not be affected.

How do I re-authorize a signer whose authorization has been revoked?

The reauthorization process is similar to the revocation operation; you need to add the signer's information in the multi-signature management interface and confirm again.

Is it possible to recover previous transactions after revoking authorization?

After revoking authorization, past transactions will not be affected. Therefore, any completed transactions cannot be revoked or altered.

By understanding the revocation process of multi-signature authorization in Bitpie Wallet and the security logic behind it, users can operate more confidently and maximize the security of their assets. At the same time, this flexibility and security enable Bitpie Wallet to maintain its outstanding position in the digital asset management market.