GreenAddress wallet review

GreenAddress
Intuitive Ease of use,  High Privacy,  Wallet platform Private Keys Stored

GreenAddress is a web-based online wallet for Bitcoin only. There are apps for Andriod and IOS aswell. The wallet platform is known for its many features, convenience, good privacy, and security measures. GreenAddress is open source, allows users to store, send and receive Bitcoins, provides instant confirmation and is compatible with hardware wallets like Trezor and Ledger Nano.

The GreenAddress wallet platform has many features, some of them uncommon, making it one the most flexible wallets on the market. Some features of note are: migration of coins from another wallet, watch-only logins, instant transaction support, transaction history and limits. It is free to install and use and supports some of the world's leading Bitcoin exchanges.

Company / organization behind the wallets

The GreenAddress wallet platform is run by GreenAddressit Limited from Malta. The company was created by Lawrence Nahum, former technology executive, and Jerzy Kozera, a full stack developer. The 2-men team were one of the first to bring features like HD, multisig, 2FA and dynamic fees. In July 2016 the firm was acquired by Blockstream, a venture focused on developing Bitcoin-oriented solutions.

Crypto Currencies Support

Language Support

  • Dutch
  • English
  • French
  • German
  • Greek
  • Italian
  • Polish
  • Russian
  • Spanish
  • Swedish
  • Ukrainian

Supported Systems

  • Android
  • iOS
  • Chrome Extension

Partners and integrated software

  • Kraken
  • BitStamp
  • LocalBitcoins
  • BitcoinAverage.com
  • The Rock Trading
  • Huobi
  • BTCChina
  • BitFinex
  • QuadrigaCX
  • Kiwi-Coin

GreenAddress is viewed as one of the most secure web wallets. It offers a 24-word recovery passphrase, 2of3 accounts where the third signature is known only by user and new addresses used for each incoming transaction. They also have unique back up in the event their service becomes unavailable.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
Yes
Private Keys Stored On
Wallet platform
Storage Type
Hot storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

GreenAddress is both web and mobile friendly making it convenient and easy to access from anywhere. It also has an intuitive interface and design. Set up is a little more involved than some wallets due to the extensive security features. Their extensive integration with hardware wallets and exchanges greatly improve their flexibility.

Summary:

GreenAddress emphasizes security, privacy and convenience and is one of the most fully featured web wallets out there. The 2FA, HD, multi-sig protection and many other security safeguards add an extra layer of security, Their extensive integration with exchanges and hardware wallets also creates extensive amount of flexibility.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Involved
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Buy coins using bank account
  • Buy coins using credit card
  • Withdrawal funds to bank account
  • Withdrawal funds to credit card

The GreenAddress wallet platform has many features, some of them uncommon, making it one the most flexible wallets on the market. Some features of note are: migration of coins from another wallet, watch-only logins, instant transaction support, transaction history and limits. It is free to install and use and supports some of the world's leading Bitcoin exchanges.

The wallet platform allows you to access third party services without sharing your private keys (the signature process happens on the wallet platform.)

Help and
support:

  • FAQ section
  • Email
  • GitHub
  • Twitter
  • Reddit

Personal information for activation account:

  • Email Address

Most common
customer complaint:

Site stability and fees set by default on app