GreenAddress describes itself as a safer bitcoin wallet that puts you in control. Find out everything you need to know about GreenAddress today in our review.
What Is GreenAddress?
GreenAddress, found online at GreenAddress.it, is a bitcoin wallet that gives you unique spending control features not seen on other wallets.
GreenAddress, for example, lets you set spending limits or conduct rate limit transactions. GreenAddress also claims to “protect your bitcoins with both your key and ours”.
GreenAddress is also known for its two factor authentication, which can be setup so you have to confirm each transaction.
Overall, the wallet promises to provide better privacy and security than competing bitcoin wallets. Let’s take a closer look at GreenAddress’s features.
Users can enable quick PIN logins, allowing you to access your wallet from any device without having to use your password.
GreenAddress has an automatic presigned transaction called nLockTime that allows you to wait for your selected expiry time to get your funds.
Newly Generated Wallets With Each Transaction:
Each transaction generates a new wallet, which makes it impossible for people to read your past or future transactions after conducting a transaction with you.
Watch Only Mode:
Check your wallet balance or receive funds without having full access to your wallet. Some people prefer watch-only mode when conducting transactions from public Wi-Fi networks. Your keys are not loaded, so it’s impossible for that information to be stolen.
Two Factor Authentication:
GreenAddress allows for two factor authentication per transaction.
GreenAddress supports and encourages multi-signatures.
You Hold Your Private Keys:
GreenAddress never holds your private keys (not even encrypted versions of your keys).
Set Spending Limits:
GreenAddress promises to provide increased control over your account, allowing you to set spending limits.
Hierarchical Deterministic Wallets:
Also known as BIP00032 HD wallet support, GreenAddress supports hierarchical deterministic (HD) wallets, which means new addresses are created for each incoming transaction.
P2SH allows people you interact with to handle transactions to and from GreenAddress’s wallets transparently.
GreenAddress is made by a company named GreenAddress Limited. That company is registered to an address in Valletta, Malta.
Key members of the development team include Founder and CEO Lawrence Nahum, and Full Stack Developer Jerzy Kozera (these are the only two people listed on the company’s “About” page). In addition to working on the GreenAddress wallet, Nahum is a Senior Architect at Blockstream. Meanwhile, Kozera is a Senior Software Engineer at Bloomberg LP and a Full Stack Developer at Blockstream.
You can contact the developers, or request support for your wallet, through email at firstname.lastname@example.org.
Ultimately, GreenAddress is a unique type of wallet that emphasizes security, privacy, and convenience. The wallet comes with all of the features you would expect, including HD support, multi-signature support, two factor authentication, and watch-only accounts. GreenAddress also has unique features like the ability to safely access your wallet from anywhere without loading your private keys. Furthermore, GreenAddress never holds your private keys (not even encrypted versions of those keys).
You can download GreenAddress for free today from GreenAddress.it.