[Wallets](https://revain.org/wallets/) › BitPay Wallet

# BitPay Wallet: keys, security, fees and reviews

Software wallet

## Key facts

- **Wallet type**: Software wallet
- **Who holds the keys**: the user (self-custody)
- **Developer**: BitPay, Inc.
- **Platforms**: iOS, desktop
- **Open source**: yes
- **Official site**: [bitpay.com/wallet](https://bitpay.com/wallet/)

Checked on 2026-10-27 against the official site, docs and app-store pages.

## What is BitPay Wallet

BitPay Wallet (now the BitPay App, formerly Copay) is a free, open-source, self-custody multisignature wallet for iOS and Android from the crypto payment processor BitPay. It holds Bitcoin, Ethereum, Solana, XRP and other assets across several chains, and links to third-party services to buy, swap and spend crypto.

## Who holds the keys

| Parameter | Details |
|---|---|
| Key control | Self-custodial: the wallet is stored on the user's device; BitPay has no access to keys, passphrases or backups. |
| Recovery | Without a separate backup and password, funds become inaccessible; BitPay cannot retrieve lost keys. |
| Seed phrase | Wallets are backed up with a 12-word backup phrase. |
| Account model | Multiple wallets can be created, imported and connected, with optional multisignature. |

## Features and supported networks

| Parameter | Details |
|---|---|
| Supported networks | Assets across several chains, including Bitcoin, Bitcoin Cash, Ethereum, Polygon, Solana, XRP, Litecoin, Dogecoin and stablecoins such as USDC and USDT. |
| Multisig | Optional multisignature wallets. |
| Buy / sell | Buying and swapping are provided by third-party partners; BitPay is not a party to those trades. |
| Swaps | Hundreds of swap pairs in the app through third-party providers. |
| Platforms | iOS and Android app, with sync across mobile and desktop. |

## Security and audits

- Open source under the MIT licence (bitpay-app and the older wallet/Copay repository on GitHub).
- Biometric lock, 2FA, encrypted passwords and optional multisig.
- On 26 November 2018 BitPay disclosed malicious code, able to capture private keys, in a third-party package used by Copay 5.0.2–5.1.0; the BitPay app was not vulnerable.

## Fees

| Parameter | Details |
|---|---|
| Wallet | Free app; purchases and swaps are priced by third-party providers. |

## History

| Date | Event |
|---|---|
| 2011 | BitPay founded. |
| 26 March 2014 | Copay wallet repository, later renamed BitPay Wallet, created on GitHub. |
| 26 November 2018 | BitPay published a security statement on malicious code in a third-party NPM package used by Copay versions 5.0.2 to 5.1.0. |
| 20 May 2022 | Repository for the current BitPay App created on GitHub. |

## Risks and caveats

- Losing the wallet backup and password makes the funds inaccessible; BitPay cannot recover keys.
- Buy and swap services are run by third parties under their own terms.
- Card and bill-pay features are subject to geographic restrictions.
- Copay versions 5.0.2 to 5.1.0 (2018) contained malicious third-party code; the vendor advised moving funds to brand-new wallets on version 5.2.0 or later.

## About the developer

- **Legal entity**: BitPay Software LLC (Delaware, USA) licenses the wallet; EU users may contract with BitPay B.V.
- **Headquarters**: Atlanta, Georgia, USA.
- **Licence / registration**: BitPay, Inc. is a FinCEN-registered money services business; BitPay B.V. is registered with and supervised by De Nederlandsche Bank.
- **Founded**: 2011

## Official links

- Website: [bitpay.com/wallet](https://bitpay.com/wallet/)
- Source code: [github.com/bitpay/bitpay-app](https://github.com/bitpay/bitpay-app)
- Docs: [bitpay.com/legal/terms-of-use](https://bitpay.com/legal/terms-of-use/)

## Questions and answers

**Is BitPay Wallet self-custodial?**

Yes. The wallet is stored on the user's device, and BitPay has no access to private keys, passphrases or backups.

**Is BitPay Wallet open source?**

Yes. The BitPay App and its predecessor Copay are published on GitHub under the MIT licence.

**Which coins does BitPay Wallet support?**

Hundreds of assets across chains such as Bitcoin, Bitcoin Cash, Ethereum, Polygon, Solana, XRP, Litecoin and Dogecoin, including major stablecoins.

**Has BitPay Wallet had security incidents?**

In November 2018 BitPay disclosed malicious third-party code in Copay versions 5.0.2 to 5.1.0; version 5.2.0 removed it.

**Does BitPay Wallet charge fees?**

The app is free; buying and swapping go through third-party providers with their own pricing.

## Sources

- [bitpay.com](https://bitpay.com/wallet/)
- [apps.apple.com](https://apps.apple.com/us/app/bitpay-buy-bitcoin-ethereum/id1149581638)
- [BitPay — Terms of use (Wallet Terms)](https://bitpay.com/legal/terms-of-use/)
- [BitPay — Statement on NPM package vulnerability (archived)](https://web.archive.org/web/20190806212955/https://blog.bitpay.com/npm-package-vulnerability-copay/)
- [BitPay — bitpay-app GitHub repository record](https://api.github.com/repos/bitpay/bitpay-app)
- [BitPay — wallet (Copay) GitHub repository record](https://api.github.com/repos/bitpay/wallet)

## More in this section

- [Bitpie](https://revain.org/wallets/bitpie/)
- [LOBSTR](https://revain.org/wallets/lobstr/)
- [BlueWallet](https://revain.org/wallets/bluewallet/)
- [Daedalus](https://revain.org/wallets/daedalus/)
- [Litecoin Core](https://revain.org/wallets/litecoin-core-client/)
- [KeepKey](https://revain.org/wallets/keepkey-wallet/)
- [All Wallets →](https://revain.org/wallets/)

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Page updated: 2026-10-28

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Source: https://revain.org/wallets/bitpay/