Copay is a mobile Bitcoin wallet that stores your private key and public address for your crypto currencies. It is a free application that you can download from your Google app store. This wallet is also available on Android and iOS. Users find this wallet convenient because you can use it anytime and anywhere. All you need to have is your mobile phone and internet connection.
Advantages of using Copay
Copay is a multi-signature wallet that lets you create a shared wallet with other users. This is preferred by many because it requires all users to sign in order for the transaction to process. You will receive a notification on your email for every transaction.
This wallet is also used by businessmen and families for them to budget their finances as a group. To make sure that you will not have any problems with this wallet, it created a feature that separates personal and business transactions.
Apart from that, this Bitcoin wallet is hierarchical deterministic that immediately backs up your wallet. It also has a password authentication and TOR, as well as a PIN and secured app generation that adds another layer of security. These features protect you from hackers and other unauthorized servers.
Unfortunately, this wallet is under a centralized service, which means a third party is involved. This is because the company wanted to make sure that your wallet is 100% safe. You can expect that the company will not interfere or access your account. To make sure that you are still in control of your wallet, Copay is an open source, as well as its server. If you are a developer, you can contribute to the server to improve it as well.
Developments for Copay
It does not mean that even if the wallet has useful features, it will stop from improving. In fact, the wallet continues to boost and amaze its users. Bitpay, the company that developed Copay, decided to merge it with Bitpay wallet. Other than that, you can merge your Copay wallet to any Ledger device. This combination lets you have a mobile wallet and hardware wallet at the same time. These features then give you more options to secure your wallet.
With these updates, you will not only use the wallet for your business, but you can be at ease as you play Bitcoin slot games and Bitcoin dice in your favorite Bitcoin casino. Watch out for more upgrades from this wallet.