Ratings and Reviews 0 Ratings
Ratings and Reviews 0 Ratings
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What is Magnum Wallet?
Grasping the workings of our wallet is essential, and in this context, we will provide important insights regarding Magnum. As a lightweight wallet, Magnum guarantees that we do not store or collect users' private keys, backup files, or any personal information. This form of wallet is recognized as one of the most secure and trustworthy options for cryptocurrency management. During your usage, you retain full control over your private keys, which are safely kept on your device. These keys are encrypted and saved in your browser's local storage, adding an extra layer of protection. All communications with the blockchain are conducted over an encrypted SSL connection, safeguarding the confidentiality of your transactions. In addition to this, Magnum offers a backup file containing your encrypted private keys, which you should download and securely store. This backup enables you to access your wallets on various devices or browsers. However, to decrypt this file, you will need to input the passphrase you established. It is critical to understand that if you happen to lose or forget this passphrase, recovering your backup file or private key will be impossible. Consequently, ensuring the security of your passphrase is paramount. Remember that taking these precautions not only protects your assets but also gives you peace of mind when managing your cryptocurrencies.
What is Copay Bitcoin Wallet?
Take charge of your financial resources with the Copay Wallet, an open-source and secure application crafted to enhance your cryptocurrency management experience. You can effortlessly establish your wallet while benefiting from robust security provided by blockchain technology, allowing for seamless storage and transfer of funds. Copay ensures that your private keys and assets remain entirely under your control, giving you peace of mind regarding your transactions. The application boasts fully open-source code, which invites comprehensive community examination and testing to ensure reliability. This version of the Copay app comes equipped with a plethora of features that emphasize both security and ease of use: it accommodates Bitcoin, Bitcoin Cash, Ethereum, and XRP, in addition to ERC-20 stablecoins such as USD Coin (USDC), Paxos Standard (PAX), Gemini Dollar (GUSD), and Binance USD (BUSD). Users can conveniently create and manage multiple wallets within the app, which also provides intuitive multisignature security options suitable for both individual and collaborative wallets. Moreover, the app enhances security by storing all private keys locally on your device instead of in the cloud, which significantly reduces risks. The Copay Wallet further supports hierarchical deterministic (HD) address generation and wallet backups, alongside payment protocol (BIP70-BIP73) capabilities, ensuring that payment requests are easily recognizable while transactions remain secure. With its robust set of features, the Copay Wallet is an outstanding option for anyone seeking effective management of their digital assets, making it a practical choice in today's cryptocurrency landscape.
API Availability
Has API
API Availability
Has API
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Pricing Information
Pricing not provided.
Free Trial Offered?
Free Version
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Supported Platforms
SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Customer Service / Support
Standard Support
24 Hour Support
Web-Based Support
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Training Options
Documentation Hub
Webinars
Online Training
On-Site Training
Company Facts
Organization Name
Magnum Wallet
Company Website
magnumwallet.link/
Company Facts
Organization Name
BitPay
Date Founded
2011
Company Location
United States
Company Website
apps.apple.com/us/app/copay-bitcoin-wallet/id951330296