Bitget Upgrades Platform Wallets with MPC Security Technology

Press release

Victoria, Seychelles, 26 January 2023 — Bitget, the world's leading
cryptocurrency exchange and Web3 company, announces a significant enhancement to its platform wallet security with the upgrade of Multi-Party Computation (MPC) technology, which means that Bitget upgraded all users' wallet addresses to MPC addresses. This strategic update exemplifies Bitget's unwavering dedication to user security, incorporating cutting-edge technologies such as the Threshold Signature Scheme (TSS) and Trusted Execution Environment (TEE) to set new industry standards.
Bitget's MPC wallet addresses introduce a paradigm shift in security standards by leveraging the following cutting-edge advancements:
1.
Distributed Computing:
The implementation of multi-party distributed computing eliminates the risk of a single point of failure, fortifying the overall resilience of the wallet.
2. Homomorphic Encryption: Through this innovative encryption technique, Bitget ensures secure transactions without exposing private keys, providing an extra layer of confidentiality.
3. Trusted Execution Environment (TEE): Bitget's MPC wallet is fortified by TEE, bolstering hardware security and instilling user confidence in the safety of their digital assets.
Aside from the above, Bitget's commitment to security extends to the generation and signing of transactions:
-
Secure Key Generation: Distributed key generation ensures the safe and dispersed creation of private key shares. This approach safeguards against single-point failure, enhancing the overall robustness of the wallet.
-
Collaborative Signature Protocol: The platform employs a distributed collaborative signature protocol during the signature stage, preventing the leakage or aggregation of multiple private key shares. Homomorphic encryption technology further fortifies this process, occurring within a trusted execution environment (TEE) without revealing the complete private key.
Gracy Chen, Managing Director at Bitget expressed, "Security is a paramount element in a cryptocurrency company, and Bitget remains at the forefront of adopting innovative technologies to fortify our users' assets. The upgrade of MPC technology into our wallet is a testament to our commitment to providing a secure and reliable platform. Users can trust Bitget to continue implementing state-of-art solutions that prioritize their safety."
This announcement follows a successful implementation of Bitget's ongoing commitment to security. Previously, Bitget Wallet also unveiled the MPC upgrade, enhancing security measures and introducing users to the benefits of cutting-edge cryptographic technologies. The MPC Wallet empowers users with added layers of protection, securing their digital assets in a continuously evolving threat landscape.
About Bitget
Established in 2018,
Bitget is the world's leading
cryptocurrency exchange and web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features, including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel
Messi and official eSports events organizer PGL.
For media inquiries, please contact: media@bitget.com
How to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade nowRecommended
- Press releaseBitget Releases November 2025 Proof of Reserves (PoR) with 324% Coverage in Bitcoin (BTC) for Users’ Reserves Victoria, Seychelles, November 25, 2025 — Bitget, the world’s largest Universal Exchange (UEX) and Web3 company, has released its November 2025 Proof of Reserves (PoR) report as part of its monthly transparency and user protection commitment. Bitget continues to secure core assets and provide an auditable view of user balances through a Merkle-tree verification system. The snapshot covers BTC, ETH, USDT, and USDC, with updated user balances and reserve ratios published on the PoR tr
2025-11-25
- Press releaseBitget Launches “Affiliates Boost Month” With Fast-Track Approvals and Up to 5,000 USDT in RewardsVictoria, Seychelles, 25 November 2025—Bitget, the world’s leading Universal Exchange (UEX), is kicking off Affiliates Boost Month, a creator-first earnings season designed to help KOLs, community builders, and Web3 storytellers turn their influence into real, measurable income. Instead of Black Friday discounts, Bitget is introducing something more aligned with how the creator economy actually works, with the tagline “No Discount, Only Boost.” Bitget Affiliates Boost Month brings a simplified e
2025-11-25
- Press releaseMonad (MON) Listed on Bitget Launchpool with 25 Million Token in Rewards Victoria, Seychelles, 25th November, 2025 — Bitget , the world’s largest Universal Exchange (UEX), has listed Monad (MON), a next-generation Ethereum-compatible Layer 1 blockchain focused on high-performance execution, is debuted on Bitget Launchpool. This gives users the opportunity to lock BGB and MON to share a total reward pool of 25,000,000 MON. The Launchpool event runs from November 25, 2025, 4:00 AM to November 30, 2025, 4:00 AM (UTC), and is designed to introduce Monad’s ecosystem to B
2025-11-25
We offer all of your favorite coins!
Buy, hold, and sell popular cryptocurrencies such as BTC, ETH, SOL, DOGE, SHIB, PEPE, the list goes on. Register and trade to receive a 6200 USDT new user gift package!
Trade nowHow to buy BTCBitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now

