The multi-wallet feature also comes in handy when budgeting as it lets you organize your crypto balances and allocate funds to different types of expenditures/savings. In the case of shared or group payments, Copay Bitcoin wallet will present you with an easy to understand proposal on how to split the pay. And every time you spend or transfer cryptocurrencies, the wallet automatically sends you transaction receipt on your email. ![]() The wallet app will, for instance, send you push notifications about your crypto balances to your phone’s display. In addition to the highly interactive user interface, the Copay Crypto wallet also keeps you up to date with your digital asset balances and spending. Both the desktop and mobile wallet apps are also multi-lingual and currently supports seven of the world’s most popular languages, including English, French, Latin, Bahasa, Portuguese, Russian, and Turkish. ![]() The wallet is also highly customizable and allows you to tweak such aspects as the background themes and wallet name. You can think of it as a joint account where 2 of 3 parties must sign to authorize the execution of a transaction.Ĭopay Bitcoin wallet has one of the friendliest user interfaces. That further enhances its security.Ĭopay wallet allows multiple users to use one wallet. This guarantees its transparency as it is subjected to a lot of scrutiny and vetting by the crypto and blockchain industry experts. BIP ensures you are sending it to the right address by helping you verify the wallet address before sending bitcoins.Ī Copay Bitcoin wallet is developed on an open-sourced technology. Technically, addresses are just a long line of numbers and letters, and often crypto users get them wrong. This feature is designed to guide users when making payments and prevent sending cryptocurrency to the wrong address. This means that the wallet automatically generates new public and private addresses for every transaction, which makes it hard for hackers and other third parties to track your Bitcoin transactions. The Copay Bitcoin wallet is hierarchically deterministic. Note that the seed will be needed to reset the wallet password or recover your private keys should you lose the device holding the wallet. Record it on a piece of paper and store it in a secure environment. You get to set this password when installing the wallet.ĭuring the Copay wallet installation and activation process, you will be provided with a 12-word recovery seed. Like any other cryptocurrency wallet, Copay is secured with a multi-character password. Such integration ensures that you get to enjoy the security aspects of an offline hardware wallet and the convenience of a mobile app wallet. Iv) Compatible with hardware wallets: Copay bitcoin wallet is also compatible with several highly-secure crypto wallets, including Trezor and Ledger Nano S. This means that, unlike most other wallets that will only host one wallet address for each cryptocurrency or altcoin, you can hold as many private keys as you wish on the Copay Wallet. Iii) Multiple accounts: There is no limit to the number of Bitcoin and Bitcoin Cash addresses you can host on the Copay wallet. This implies that you can only deposit Bitcoin and its hard fork Bitcoin Cash into your Copay Wallet. Ii) Bitcoin-specific: Unlike most other wallets that host hundreds of cryptocurrencies and altcoins, Copay is Bitcoin-specific. There is both a desktop and mobile app version of the wallet that is now compatible with all popular operating systems, including Windows, Linux, macOS, Android, and iOS. I) OS compatibility: Copay wallet is highly versatile and compatible with virtually any operating system. Here is the detailed Copay wallet review: We will also provide you with a step-by-step guide on how to install and activate the wallet, as well as how to send and receive Bitcoin. In this Copay Bitcoin wallet review, we will be explaining these features in detail, highlighting its security features, its pros and cons, and comparing it with equally popular wallets. Key features that make this crypto wallet highly unique include its versatility and support for multiple operating systems, the fact that it is Bitcoin-specific, light, and highly transparent. It is free and developed using open-sourced technology and is highly versatile. Its aim? To provide Bitcoin traders and enthusiasts with a single wallet that gives them absolute control over their funds. ![]() and introduced to the crypto industry in 2015.
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