Secure bitcoin on your own terms with an open source, multisignature wallet from BitPay.
Copay users can hold funds individually or share finances securely with other users with multisignature wallets, which prevent unauthorized payments by requiring multiple approvals. Here are some ways Copay can be used with others:
- To save for vacations or joint purchases with friends
- To track family spending and allowances
- To manage business, club, or organization funds and expenses
We built the following features into this version of Copay for a bitcoin wallet that doesn't compromise on security or accessibility:
- Support Bitcoin and Bitcoin Cash
- Multiple bitcoin wallet creation and management in-app
- Integration for buying and selling bitcoin.
- Integration for buying Amazon.com gift cards.
- Intuitive multisignature security for personal or shared wallets
- Device-based security: all private keys are stored locally, not in the cloud
- Hierarchical deterministic (HD) address generation and wallet backups
- Payment protocol (BIP70-BIP73) support: easily-identifiable payment requests and verifiably secure bitcoin payments
- Support for 150+ currency pricing options and unit denomination in BTC or bits
- Email and push notifications for payments and transfers
- Easy spending proposal flow for shared wallets and group payments
- Support for Bitcoin testnet wallets
- Customizable wallet naming and background colors
- Multiple supported languages, including French, German, Chinese (Simplified), and Spanish
Copay is free and open source software run on non-proprietary servers, so there's no need to rely on any company for continuous support. Anyone can review or contribute to Copay's source code on GitHub (https://github.com/bitpay/copay).
Now if you're feeling adventurous, you can take a car (Uber), a plane (Delta), and get a hotel (http://Hotels.com) with digital gift cards bought with Bitcoin from the app. Want a snack for the trip? Uber Eats has got you covered.
In-app notifications are now available for this version. If you are in the app and get a transaction, you can see to which wallet has been sent and how many BTC/BCH.
* Cordova webview plugin security update.
* Adds a required parameter to get all addresses from big wallets due to some errors while scanning.
* A few UI bug fixes.
Ratings and Reviews
Something about Copay
Let's start off with the goods. Copay is quite useful to hold small amounts of money likely between $1-500 as the user interface is quite nice, and it is safer then an exchange. That's about the only positive I see. Some negitives include the fact that they charge nothing to move you money in, which seems fine and makes you love the app for about 3 months, but then when you take you money out they charge insane amounts. For example I moved, didn't even sell just moved, $1500 from copay to my ledger nano s when I bought it and I was charged $20 in fees. I am just now realising that I also have similar feelings about Coinbase in the way that they charge crazy fees and prey on the beginners. Lastly it says it supports bitcoin cash, and it shows up on your wallet, but you are unable to move you BCH to other wallets so it's becially just there to show you how much money you could have had if you had a proper wallet. IN CONCLUSION, copay is less then mediocre, charge crazy fees, hardly support bitcoin cash, but have a decent user interface. I WOULD HIGHLY RECOMEND taking the bitcoin that you would have placed in copay, taking the $100 it would have charged you in fees by the time you are done with it, and buying a Ledger Nano S, which is really the only way to store cryptos.
Great Wallet, Disregard Fee Complaints
This is a clean-looking wallet that functions exactly as a wallet should. Since it features HD key creation, new receive addresses can be generated on demand. The mining fee can be adjusted (“urgent”, “normal”, “economy”, etc.) and the breakdown of fees during a transaction is clear.
The three things I’d really like to see are SegWit support, optional Bech32 Bitcoin addresses, and the ability to manually set fees.
Speaking of fees... anyone who complains of having to pay high fees as if that’s the fault of CoPay/BitPay fundamentally misunderstands Bitcoin. The more full the mempool is, the more users have to bribe the miners to include their transactions in the next block. This isn’t a fee that’s charged by CoPay.
Easy to use. Fees are crazy
First I would like to say this is an easy to use hot wallet in the vein of coinbase simplicity. Fees however are crazy. I don’t know where they’re sourcing their data. It doesn’t match up with any fee tracker site. And obviously more expensive than any subsidized amount from other wallets or exchanges that have agreements to swap coins basically for free by bypassing the blockchain on certain transactions. Fortunately you can choose your fee. Depending on when you send eco price can equal normal speed elsewhere. Its just annoying I have to look it up myself before sending. The upside is its not all bad. Other consumer oriented products that favor convenience and simplicity are often far more expensive.
With Family Sharing set up, up to six family members can use this app.