Previous articles on Bitcoin Cash have provided some useful content. As we know before we start buying or mining bitcoin Cash, we need a place to store it, the wallet. This article examines the types of bitcoin Cash wallets. As we know, a wallet consists of two very long sets of numbers and random letters. One of them is your wallet public address that other users use to send coins to you. Another is your private key that gives you access to your coins.
Always make sure you keep your private key secure, because if you lose access to it you will no longer be able to access your assets. Similarly, if someone steals your private key, all your wallet inventory will be stolen. If you sign up for a site that supports Bitcoin Cash, a wallet will automatically be created for you. However, for the safety of your coins, it is advisable to store them in a different wallet, as the exchange will also have your keys. In addition, there have been many cases of cryptocurrency hacking and loss of customer funds. Here are some types of bitcoin cash wallets.
Bitcoin Cash Software Wallet
The first batch of Bitcoin Cash wallets is the bitcoin cash software wallet. This wallet is installed on your computer or mobile device, and unlike wallets offered through currency exchanges, most of them store your private keys offline on the device they are installing.
All you have to do to create one of these wallets is to install this software on your device and follow the instructions. As so, many service providers support multiple cryptocurrencies and allow you to create multiple wallets. In addition, some of them, such as Exodus and Jaxx, have ShapeShift capabilities that allow instant exchange of key currencies in the customer dashboard.
|Electron Cash||Mac OS, Windows, Linux, Android|
|Bitcoin.com||Mac OS, Windows, Linux, Android, iOS|
|BTC.com||Web, Android, iOS|
|Bitpay||Mac OS, Windows, Linux, Android, iOS|
|Strong Coin||Mac OS, Windows, Linux, Android, iOS|
|Jaxx||Mac OS, Windows, Linux, Android, iOS, Chrome Extension|
|Exodus||Mac OS, Windows, Linux, Android, iOS|
BCH Hardware Wallet
The second type of Bitcoin Cash wallet is a bitcoin hardware wallet that is very similar to conventional portable USB but is specifically designed to store currency passwords. Therefore, you can create your transactions offline or on the go anywhere, meaning you can connect it to any computer to perform a transaction. Just like paper wallets, hardware wallets are also immune from cyber-attacks and hacking because they are not connected to the Internet. Modern hardware wallets are equipped with backup options and can be enhanced with a two-step verification or PIN password. Today, almost all hardware wallets are equipped with screens that you can log in to access your account. However, to have this type of bitcoin Cash wallet you have to pay for it. But it’s worth it, especially if you want to cash in on a significant amount of Bitcoin Cash.
|The Ledger Nano S||$ 99||Yes|
|The TREZOR Treasurer||$ 99||Yes|
|Cape KeepKey||$ 99||Yes|
BitcoinCash Paper Wallet
In this article, we look at the types of Bitcoin Cash wallets and explain them briefly. We said that this digital currency has three types of software wallets (web, desktop and mobile), hardware wallet and paper wallet. Hardware and paper wallets, because they are offline, are not at risk of being hacked and are more secure. The cost of a hardware wallet is about $ 99, hence, it is worth it if our coin value is significant.
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