Review on Copay Bitcoin Wallet by Temitope Babatunde

Name: Copay Bitcoin Wallet
Item: Copay Bitcoin Wallet
Rating: 4

July 04, 2020

Copay Bitcoin Wallet, A Wallet With Multisignature Benefit

Copay bitcoin wallet is a sole asset of Bitpay company, a bitcoin payment provider for many years. It was launched in June 2015 to help the customers of bitpay with their services.
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It is a software wallet, which means to use it what you need to do is to download it from the bitpay website and installed it on your device. It is interesting to note that it can be installed on both desktop and mobile devices, and you can access your wallet from anyone of them, this makes it easier to use at go.
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Because it is multisignature many people can be using one wallet together, it is also possible to have different account on your wallet for same coin. If you also have hardware wallet it can be linked to it. using Copay wallet is totally free no fee of any kind unless when you are sending your asset out, you will pay transaction fee for the btc and bch network provider, this also can be adjusted according to how fast you want it to be, the higher the fee the faster the transaction and vise versa.
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But since Bitpay is the company behind the wallet their decisions will also be having effect on the wallet. the wallet has no 2FA and the customer support is not all that responsive.
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Despite the fact that it is software wallet and has its setback it is still one of the trusted wallet and has good security. So if you are thinking of where to store your bitcoin you can think of using copay bitcoin wallet.
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Pros

It has multisignature hierarchichal deterministic setting
It is an open source wallet, so it continues to have improvement.
Backed by a trusted company; Bitpay
Free to install and use
It uses Bitcoin Payment Protocol, so that users will not lose their asset.
It can be use on different devices at same time.
You have your seed phrase to recover your wallet, assuming you have problem with your device

Cons