+1
It's the same old story, traditional financial education is a resource that helps, since sometimes delving into the management of certain wonderful advantages such as MS without having any idea of ​​why we want to have them can result in the complete opposite. On the other hand, and keeping technological distance, it's like a joint signature in a traditional bank, there may be 10 people but only two or three signatures are needed for it to be valid.

Actually, try it out with a few satoshis and learn by doing, because asking if this works on a centralized exchange tells me that you have no idea how it works, and even less if they tell you bip39.   

If you still have questions, ok, ask again, I haven't seen a question like this for a while on bitcoin discussion.