Features of the GreenAddress Bitcoin Wallet
GreenAddress is a cryptocurrency wallet that was launched in 2013. Since 2016, it has become part of Blockstream, a leader in blockchain infrastructure development.
Advantages of GreenAddress:
- Enhanced security. The wallet automatically generates new addresses for each incoming transaction, allows setting passwords on coins, and setting spending limits.
- Quick access. GreenAddress offers a “Watch-only” feature that allows you to quickly check the balance or make a transaction without full access to the wallet.
Supported Currencies
GreenAddress supports only bitcoins (BTC) and does not provide cryptocurrency exchange services. To fund the wallet, you need to first exchange currency on a third-party resource.
The service does not charge a fee for usage, but users should consider possible transaction fees, which depend on the current network congestion.
GreenAddress Wallet Characteristics
To use GreenAddress, you need to install the application on devices with Android, iOS, or on computers with Windows, Linux, Mac OS. The source code is available on GitHub.
The wallet creation process includes several steps, including entering a mnemonic phrase, setting up security, setting a PIN code, and creating a login and password for the “Watch-only” mode.
All private keys are never encrypted and not stored on the server. GreenAddress provides the ability to refund funds in case of a breach.
- The wallet uses the BIP32 standard, generating new addresses for each transaction.
- When updating, GreenAddress creates pre-signed transactions to unlock funds.
- The service operates based on the P2SH standard, simplifying transaction interactions.
- Additional security measures include the use of double signatures.
Support Service and Contacts
Sections with answers to frequently asked questions are available on the greenaddress.it website. To contact support, you can email [email protected] or reach out through the App Store/Google Play app stores. The company is also active on social media, including Twitter.
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