Review on Copay Bitcoin Wallet by Olugbenga Ajayi
Copay is a multisignature bitcoin wallet
Copay bitcoin wallet was founded by bitpay to safeguard Bitpay's fund, also to give users maximum control over their assets. It is meant for only Bitcoin though.
It supports multiple platforms both mobile and desktop. It also supports multiple operating systems. It is free and easy to setup copay Bitcoin wallet. One only needs to download the appropriate software from their website.
It has a robust security features and it is convenient to use. Also the multisignature feature has put it at a vantage point. This is one feature among others that will make it suitable for enterprises, public corporations and even government parastatals.
Another good spot is that it uses third party servers to exchange data with the blockchain without having to download it.
But for the fact that it support only Bitcoin, I think that will surely limit it's adoption since there are many other wallet out there with the same features that also support more cryptocurrencies.
Pros
- It uses Two Factor authentication to protect users funda
- It support multiple platforms like Android, IOS, Apple OS, Ms-windowa, and even Linux
- It support multisignature which puts it at an advantage for adoption by enterprises, government and other public corporation where more than one signatures is needed to confirm a transaction
- It is open source. Developers all over the world can suggest improvement that are necessary
- The fact that it is backed by bitpay is a plus for them since Bitpay a strong cryptocurrency team
Cons
- The back end of the wallet is difficult to use for beginners
- It support only Bitcoin. That will surely reduce the adoption since there are other wallets that have good features too that equally supports more cryptocurrencies
