Review on Copay Bitcoin Wallet by Berdimuhammedow Rustem

Hello everyone. Copay became a wallet in 2015 by BitPay by a company called Launch. BitPay was the first Bitcoin payment provider, allowing many businesses to accept Bitcoin as payment for the first time. This is similar to the crypto version of Visa or Mastercard! The service was launched in May 2011 and was used by 10,000 different companies as of September 2013. The Copay Bitcoin wallet was released in June 2015. By 2016, BitPay was processing 200,000 Bitcoin transactions per month, making Copay one of the most widely used crypto wallets in the world. Copay is a software wallet that can be installed on mobile devices and computers. Allows users to store keys for two types of cryptocurrency: Bitcoin (BTC) and Bitcoin Cash (BCH). Some Bitcoin wallets use the entire Bitcoin blockchain to communicate with the network. They are called full knot bags. Bitcoin Core is a popular full node wallet. Copay uses a simple payment check to be updated with the network. This means that the node is a lightweight node.Payment Simple Payment Verification (SPV) uses data from third-party servers instead of blocking. Copay uses data from BitPay servers to update. A copy wallet gives a user more to use that Wallet. Think of multi-signature wallets as joint bank accounts. Great for companies that have a number of people to agree to before they take action. Copay allows users to create multiple personal keys in one wallet. So, for example, your wallet can be a wallet for a friend. The copy wallet code is online and can be viewed by anyone and suggested changes. This is convenient for users because it allows creators to view and fix any issues related to Copay software. Being an open source, using Copay makes it more reliable and easier to trust. There is no Copay wallet fee. However, you will have to pay transaction fees for the system you are using. The transaction fees on the Bitcoin and Bitcoin Cash networks vary. Copay also has a simple and easy-to-use interface. Beginners will have no problem learning how to use the platform and its features. This Copay has nothing to do with image quality! HD stands for hierarchical determinant. A complicated way to say that you can insure your Copay wallet with seed phrases. Seed phrases look like long passwords that help you find them if you lose your keys. For example, if you lose a computer installed on your Copay wallet, you can use your seed phrases to access cryptocurrency. This means that the Copay wallet can be used in a number of different operating systems. The copy can be used with Android, iOS, Windows, Linux and Mac. Thus, it is a portable and desktop wallet that can be used on many different devices. It can also be connected to a device wallet. Users are always advised to have different wallets. The wallet uses the Bitcoin Payment Protocol (BIP) to ensure that users do not send cryptocurrencies to the wrong addresses. This is a very common problem. Addresses are just long lines of letters and numbers that users can easily mistake. If this happens, the cryptocurrency you are trying to send may be lost. The BIP checks that the address is correct before sending anything. The CEO of BitPay was the victim of a fishing attack in 2015 and lost 5,000 BTC. Such fees are commonplace and can occur in any financial institution. Such an attack shows the company badly, but the security of the Copay wallet is not to blame. The most effective security features of the Copay wallet are multi-signature HD settings. Only Copay makes the wallet more secure than many.