Copay bitcoin wallet review – September 2017

Copay is a secure bitcoin wallet that is backed by BitPay.

Developed by BitPay to secure BitPay’s funds, the developers of Copay designed the wallet to give users maximum control of their money. They added robust security features, convenience and transparency in an effort to make Copay an instant favorite among crypto enthusiasts.

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What is Copay?

Copay is a hierarchical deterministic (HD) bitcoin wallet that was built to secure BitPay funds. It is a multi-signature wallet, which means that a single wallet can have more than one user. This makes it ideal for businesses where multiple signatures are needed to secure a transaction.

Copay is available on desktop, web and mobile interfaces, giving users multiple options for accessing their wallet.

Compatible with:

  • Web, desktop and mobile.
  • Available for Windows, Mac OS X, Linux. Android and iOS for mobile.

How much does it cost?

Like many other bitcoin wallets, Copay is free to use. Transaction fees apply for sending bitcoin. Costs are set by the blockchain community and based on transaction size.

Which currencies can I store?

Copay deals solely in bitcoin, but allows users to check prices in over 150 fiat currencies.

  • Bitcoin

How do I add currency to my wallet?

Copay users are ready to accept payments as soon as they add a wallet. This can be done by using the “create a new wallet” feature, which also gives you the option of opening a shared wallet among you and your peers.

Copay is ideal for users who don’t want to keep their funds with a third party. It’s compatible with multiple devices and operating platforms and offers a safe environment to secure all your bitcoin and fiat currencies

How do I make or receive payments with my Copay?

To receive funds into your Copay wallet, the sender must have your bitcoin address. Since this is an HD wallet, your bitcoin address changes automatically after every payment.

To make payments with Copay, simply identify your receiver’s bitcoin address and click “Send.” This can be done by writing down the address or scanning their QR code. Copay also allows you to add payees to your address book for easy access.

After verifying the address, users can specify the amount of money and payment type they wish to send. This includes making payments in bitcoin or fiat currency.

How secure is Copay?

As an HD wallet, Copay’s security is well-regarded. Copay is also one of the first bitcoin wallets to support the full Bitcoin Payment Protocol. This means that, when you send funds to a payment protocol-enabled merchant, Copay securely verifies that the payment has been sent to the right place.

Where can I get Copay?

Copay is available on various platforms, including Microsoft Windows, MAC OS X and Linux. Mobile versions are also available for Android and iPhone. It’s advisable to go to the Copay homepage for direct links to the latest Copay Bitcoin Wallet.

Copay wallet homepage screenshot

Pros and cons


  • Multi-signature wallet
  • Supports multiple wallets on one app
  • Open source
  • Easy to use for beginners
  • Highly reputable wallet backed by leading bitcoin payment firm


  • Service relies on central verification, which may upset some bitcoin users
  • May be a difficult learning curve for beginners

Next Steps

If Copay’s features sound appealing, you can download the wallet app directly to your device in relatively short order. After download, go to the “Settings” tab to back up the wallet. It’s here that you’ll be asked to input your 12-word recovery phrase.

In a matter of minutes, you will be ready to add and use multiple wallets. This means it can be tailor-made to suit your specific needs.

Frequently asked questions

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    Default Gravatar
    April 29, 2019

    How do I get a hold of someone from copay?

      Avatarfinder Customer Care
      April 30, 2019

      Hi Copay,

      Thank you for reaching out.

      You can visit Copay’s website directly and look for their support team. You may need to fill out an online form on their website and someone will contact your back.

      Hope this helps! 😊

      Kind Regards,

    Default Gravatar
    April 22, 2019

    I used to have a Copay account but now I don’t see a login link to the copay wallet. Can you please help? Thank you.

      Avatarfinder Customer Care
      April 22, 2019

      Hi Mike,

      Thanks for getting in touch with Finder. I’m sorry to hear about the problem you are encountering.

      You would need to first download the Copay app to your mobile device or desktop computer. From there, you should be able to find the sign in button.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!


    Default Gravatar
    December 19, 2018

    Once I receive currency in my bitcoin wallet, how I can I change it to US dollars and transfer it to my bank account?

      Avatarfinder Customer Care
      December 20, 2018

      Hi Ryen,

      Thanks for getting in touch!

      Bitcoins can not be withdrawn into a bank account directly. If you want to cash out your bitcoin for US dollars, you can either sell bitcoin to somebody who can then transfers money to your bank account, or you can sell them at an exchange and withdraw the funds from there.

      Hope this helps!


    Default Gravatar
    November 14, 2017

    If I give person A my wallet address for me to recieve payment from them and the address changes after i make a payment but before receipt from person A do I still recieve the payment
    ie. does my wallet remember old addresses of mine?

      Avatarfinder Customer Care
      November 15, 2017

      Hi Colin,

      Thank you for your inquiry.

      Yes, because Copay is an HD (hierarchical deterministic) wallet, it generates a new address every time you receive funds as a way of maintaining better privacy.

      I hope this information has helped.


    Default Gravatar
    October 26, 2017

    Can I use Copay wallet in the coin exchange market for trading or purchasing other crypto coins?

      Avatarfinder Customer Care
      October 26, 2017

      Hi Greg,

      Thanks for your inquiry. Please note that we are not affiliated with Copay or any company we feature on our site and so we can only offer you general advice.

      I’m afraid Copay cannot be used in the exchange market for buy, sell and exchange crypto.

      If you’d like to invest in a cryptocurrency such as bitcoin or Ether, you can register for and start using crypto exchanges specializing in your cryptocurrency of choice.

      Hope this helps.


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