Share this article
BitGo Update Expands Security Controls for Consumers
The bitcoin multi-sig wallet provider has added a series of key features to its services, whilst also updating its pricing policy.
Updated Sep 11, 2021, 11:36 a.m. Published Mar 16, 2015, 1:12 p.m.
Multi-sig wallet provider BitGo has announced a series of updates, enabling consumers to access security controls previously limited to enterprises.
The bitcoin security company has now added multi-user bitcoin wallets, a series of risk controls including spending limits and the ability to 'whitelist' bitcoin addresses.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The user upgrade has also seen the addition of "key features requested by enterprise customers", including secure wallet sharing, address labelling and advanced auditing capabilities.
Will O’Brien, CEO at BitGo, said:
"BitGo's mission is to secure the world's bitcoin and we are incredibly excited to offer the security controls and capabilities of BitGo free to all individual holders of bitcoin."
By updating its commercial pricing policy, BitGo is also offering its services for free to individual users and allowing businesses to enjoy a free month's trial.
Rising competition
BitGo released the first multi-sig bitcoin wallet in August 2013.
Competition in the space has since risen, with many bitcoin companies such as BitPay, Circle and Coinbase embracing the security feature.
Gavin Andresen, the chief scientist of the Bitcoin Foundation, said that 2014 was the year of the multi-sig wallet during his speech at Amsterdam's Bitcoin conference.
Multi-signature wallets are the equivalent of safe deposit boxes. They allow multiple parties to partially seed a bitcoin address with a public key.
This means that individuals wanting to spend bitcoin need some of these people to sign their transaction. The necessary number of signatures is agreed when the user creates their bitcoin address.
Funding rounds
The news comes after the bitcoin security provider secured various rounds of funding throughout last year, including a $12m investment led by Redpoint Ventures.
More recently, the bitcoin security specialist announced a new partnership with Innovation Insurance Group and XL Group, enabling it to offer $250,000 in theft insurance to customers who opted in to the program.
Disclaimer: CoinDesk founder Shakil Khan is an investor in BitPay.
Image via Shutterstock.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Farcaster Switches to Wallet-First Strategy to Grow Its Social App
The protocol still consists of casts, follows, reactions, identities and wallets, and third-party clients are free to emphasize whichever components they want.
What to know:
- Farcaster is shifting its focus from social media to its in-app wallet and trading features to drive user engagement.
- Cofounder Dan Romero acknowledged the lack of sustainable growth in their social-first strategy over the past 4.5 years.
- The wallet's trading tools have shown the strongest product-market fit, leading to a strategic pivot towards financial use cases.
Top Stories
