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).
* Update translations
* Manual refresh on scrolling down at Wallet Details Page
* Bug fixes when updating wallet status for desktop and mobile when the app get on focus or resume
* Fix UI for long strings when use different languages
* Bug fixes on Amazon Japan integration
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.
Copay is Great!
It seems like a lot of the negative reviews are about fees... Bitcoin has fees... that’s not a Copay thing... that’s how Bitcoin works... sometimes those fees get pretty high when the mempool is congested... they would be high anywhere!
Also, some people seem to misunderstand the multi sig wallets... you setting up a regular wallet and sharing the seed words isn’t multisig... you each would have your own!
This app is actually wonderful! Easy to use and works perfectly if you actually understand what you are doing!
With Family Sharing set up, up to six family members can use this app.