You miss 100% of the shots you don't take.
Wayne Gretzky
18th September 2017  
 
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The Story

Bitcoin payment processor BitPay has introduced a beta version of its open source Copay wallet, which allows users to spend and store their Bitcoin Cash (BCH) alongside Bitcoin (BTC).

 

The beta release is a response to growing user requests.

With the Copay wallet, BitPay said will give its users “the freedom to choose—or to use both BCH and BTC.” The wallet will allow users to access the BCH balance created during the August 1 hard fork, which means that those that have wallets with BTC before the hard fork event will receive a BCH balance equivalent to their BTC balance.

 

So how does this work?

Users only need to turn on the “Bitcoin Cash Support” switch in the settings tab of the Copay app and select “Chain: BCH.” Easy as that! On its website, BitPay said that using the Bitcoin Cash wallet is just like using “any other Copay wallet.”

 

But the easy access to the wallet comes with a warning.

Sending BTC to a BCH address or BCH to a BTC address will cause users to lose access to their funds. BitPay said that it is already using “a few new conventions” that will ensure that its users won’t accidentally send BTC to a BCH wallet and vice versa.

 

Okay, now when can I access this wallet?

Android users are a few steps ahead compared to their iOS-using colleagues. Android users will have to install the update on the app on the same device that hosts their current Bitcoin wallet, and then add themselves as a beta tester. iOS users, on the other hand, will need to email the BitPay team to get access to the Copay beta.

 

Takeaway

With more online gambling operators already starting to process Bitcoin Cash, the BitPay’s BCH-compatible wallet came at the perfect time. The industry has welcomed Bitcoin Cash for it has its own on-chain scaling and promises lower transaction fees.

 
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