Copay Bitcoin Wallet (whose software is free) is an open-source cryptocurrency wallet apprenticed by BitPay, a accepted Bitcoin gateway. While its back-end anatomy adeptness be a little complicated for beginners, it offers a simple avant-garde end with acceptable abutment for avant-garde features, and it does so not alone beyond adaptable accessories but desktop operating systems (OSes) as well. Still, its atypical focus on the Bitcoin bill agency you won’t be able to use it to abundance any of the rapidly proliferating kinds of altcoins. For that, you’ll appetite to attending to Editors’ Best champ Exodus.
Similar to BRD, Copay Bitcoin Wallet is chargeless to download and use, admitting you’ll still accept to face the approved transaction accuse imposed by the Bitcoin arrangement whenever you accelerate currency. The wallet came out in 2015, touting its adeptness to use third-party servers to barter abstracts with the blockchain afterwards absolutely accepting to download it.
Since then, BitPay has put absolutely a bit of assignment into Copay Bitcoin Wallet, which has resulted in not alone the aforementioned, well-designed avant-garde end but in several versions that you can run beyond assorted devices. These versions accommodate Android and iOS adaptable devices, and Apple OS X, Microsoft Windows, and alike Linux desktops.
It’s additionally important not to abash the BitPay Wallet with the Copay Bitcoin Wallet. Both are sponsored by BitPay, but the BitPay Wallet is acutely accurate by BitPay which, according to BitPay, lets it be added deeply chip with BitPay’s cryptocurrency aperture services. Copay Bitcoin Wallet, on the added hand, maintains its accessible antecedent stance, which agency it can’t be accurate by a distinct bell-ringer and is advised for a broader audience. However, both acquire from the aforementioned codebase alleged “The Copay Project,” which is the open-source development arm for both wallets, according to BitPay. If you’re apprehensive what “more deeply chip with BitPay’s aperture services” absolutely means, BitPay states that, currently, the primary aberration is that the BitPay Wallet is chip with BitPay’s prepaid Visa debit card.
The antecedent accomplish in ambience up your Copay Bitcoin Wallet are simple. Simply arch over to the Copay Bitcoin Wallet website, baddest the belvedere from which you appetite to operate, and download the all-important accession files. For my Microsoft Windows 10 analysis instance, this took alone a brace of annual and accession was absolutely wizard-driven. Once installed, you’ll see that alike in its desktop iteration, the software maintains a audibly adaptable accessory attending and feel, alike moreso than Jaxx, though, while this fabricated for a less-than-pleasing look, it didn’t appulse functionality much.
What adeptness affright some users is the developer acclimatization of Copay Bitcoin Wallet’s download process. Overall, this is actual accessible to use. But if you bang around, again you’ll bound wind up a akin or two abysmal into the Copay Bitcoin Wallet’s Github activity site, with options to analysis the antecedent code. None of that is all-important to get your Copay Bitcoin Wallet working. Simply annal to the alternative of download ons for the altered accurate platforms and download your files.
Setting up your Copay Bitcoin Wallet begins with allotment and acknowledging a password. You’re again alone into what looks like a alive wallet, but accomplishing annihilation aboriginal requires you to “back up your wallet.” This absolutely agency breeding a cardboard key, which is a set of 12 accidental words that you charge to abode bottomward about because you’ll charge to not alone echo them but echo them in actual order. First, you’ll charge to apperceive them to absolutely actuate your Copay Bitcoin Wallet, and second, if the accessory you’re appliance is anytime lost, stolen, or contrarily compromised. In this case, you’ll charge your cardboard key back you download a new instance of Copay Bitcoin Wallet assimilate accession accessory and attack to balance your aboriginal wallet.
An important affection of Copay Bitcoin Wallet is abutment for multi-signature transactions. Aside from Editors’ Best champ Coinbase Wallet, Copay Bitcoin Wallet is the alone amateur in our cryptocurrency wallet analysis assembly to abutment this capability. Multi-signature agency that, in accession to your transaction information, Copay Bitcoin Wallet will accomplish an added key set, which makes it harder for hackers to get admission to your funds. You’ll now accept three keys: your key, Copay Bitcoin Wallet’s key, and a aggregate set of keys. Anyone aggravating to admission your annual will charge at atomic two out of three keys.
Once bureaucracy is complete, you’re accessible to alpha accepting and sending Bitcoins. This action is easy, with acutely apparent card options that either ask for, or provide, all advice all-important for the advised transaction, including abode advice and Quick Response (QR) codes for quick scanning.
While best of our cryptocurrency competitors in this assembly abutment assorted bill types (even BRD now supports Ethereum), Copay Bitcoin Wallet is still abnormally focused on Bitcoin, acknowledging alone that bill and its new affinity Bitcoin Cash. While that doesn’t affect the blow of its functionality, it will booty abroad from its abode to cryptocurrency speculators attractive to banknote in on the aing big altcoin phenomenon.
Copay Bitcoin Wallet additionally has a cardinal of avant-garde settings, and it alike supports autumn added forms of online currency, including things Amazon allowance cards. It can additionally admission added wallets through the Copay Bitcoin Wallet application, which agency you could admission added agenda currencies that way. This is important because it agency the Copay Bitcoin Wallet app can arrange assorted wallets into a distinct app. It additionally lets you use your Copay Bitcoin Wallet accreditation to admission your wallet from any added Copay app.
Along with abutment for assorted languages, there’s a Calculator action that lets you analyze your Bitcoin amount beyond a continued account of all-embracing currencies, and a acutely authentic account of the accepted Bitcoin arrangement transaction fee policy. This can be accessible back you’re abacus up how abundant your latest crypto-move aloof amount you. In an absorbing move, though, Copay Bitcoin Wallet additionally lets you acclimatize your transaction fees against the network’s boilerplate fees, aloof like Jaxx. Remember that, in a Bitcoin blockchain, transaction verifiers attempt for affairs with the best approved affairs actuality the ones that wind up actuality absolute the fastest. They’re the best approved afterwards because the fees are the highest. This is what Copay BitCoin Wallet lets you adjust. If you charge the transaction to move quickly, again you can acclimatize the fee up. However, if you don’t affliction about time, again save yourself some money and acclimatize it down.
There’s an abode book affection you can use to abundance acquaintance advice for accepted pay destinations, as able-bodied as configurable email notifications and a on for advice and support. That aftermost one, however, absolutely aloof redirects you to the Copay Bitcoin Wallet website. Accustomed that this is an open-source project, don’t apprehend abutment to be as glossy as it acceptable will be with sister wallet BitPay.
Overall, Copay Bitcoin Wallet is absolutely secure. It’s a hierarchical deterministic (HD) Bitcoin wallet, which aloof agency it generates two accreditation that are abstracted from one another: the antecedent countersign and the 12-word cardboard key. As ahead mentioned, Copay Bitcoin Wallet additionally supports multi-signature accounts, which makes it harder for hackers to beard themselves as you and again fraudulently abjure funds.
I would accept admired to accept apparent it abutment multi-factor affidavit (MFA) or at atomic two-factor affidavit (2FA), however, like Coinbase Wallet does. This would accredit accession band of per-transaction security, either with a badge or a texted passcode supplied at the moment of transaction. Still, alike with this affection missing, Copay Bitcoin Wallet does able-bodied in the aegis administration as it’s additionally one of the aboriginal wallets to abutment the Bitcoin Payment Agreement (BIP) 0070 and 0073. This agreement anon verifies that affairs accept anguish up at the able destination.
Overall, Copay Bitcoin Wallet is an accomplished cyptocurrency wallet whose alone absolute dings are a abridgement of abutment for MFA (forgivable accustomed its added aegis measures) and its atypical focus on the Bitcoin currency. That aftermost one is harder to get accomplished if you’re attractive to brainstorm in the booming altcoin market. However, if Bitcoins are your called currency, and abnormally if you’re already a BitPay aperture customer, again this could be the cryptocurrency wallet for you.
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