Copay Overview

Copay is a wallet service provided by BitPay, a company with a history in the cryptocurrency business dating back to its establishment in 2011. While BitPay primarily focuses on merchant services, Copay is a wallet designed for Bitcoin users.

Key Features

Copay boasts several key features:

• Support for Bitcoin only
• Users control their private keys
• Hierarchical deterministic, allowing the generation of multiple addresses for easier account segmentation
• Multi-signature functionality, suitable for group use cases
• Open-source code, enabling security assessment and code adaptation
• Ongoing development with an active developer community
• Support for Bitcoin Payment Protocol for payment verification when used with compatible merchants

Platform Availability

Copay is accessible on web browsers, Android, and iOS platforms. It is known for its ease of use. However, its primary selling point appears to be its integration with BitPay, while other wallets offer wider cryptocurrency support.

Development Status

As an ongoing project, it is advisable to exercise caution when using Copay until development is completed and its security is confirmed.