Bitcoin Cash Wallet Diversity

Bitcoin Cash Wallet Diversity

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.

Bitcoin Cash Software Wallet

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.

WalletOperating System
Electron CashMac OS, Windows, Linux, Android
Bitcoin.comMac OS, Windows, Linux, Android, iOS
UnitAndroid, iOS
BTC.comWeb, Android, iOS
MobiAndroid, iOS
BitpayMac OS, Windows, Linux, Android, iOS
StashAndroid
Strong CoinMac OS, Windows, Linux, Android, iOS
CoinomiAndroid, iOS
JaxxMac OS, Windows, Linux, Android, iOS, Chrome Extension
ExodusMac 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.

WalletPriceScreen
The Ledger Nano S$ 99Yes
The TREZOR Treasurer$ 99Yes
Cape KeepKey$ 99Yes

BitcoinCash Paper Wallet

The latest batch of Bitcoin Cash wallet types is the bitcoin paper wallet, which is just a public key and a private key with a QR code being printed. This wallet is from the category of cold wallets (Offline) which is the safest way to save money because there is literally no internet connection. Thus, after printing, you can do whatever you want with it. You can put it in a safe, hold it under your pillow, or even bury it in your backyard. This way, your budget stays safe until you decide to spend it. The easiest way to have a paper wallet is to create a wallet.dat file that shows your private keys on your computer. Then print it and delete it from the system. On the other hand, you can use one of several online services that do this for you. WalletGenerator and BCCAdress are the most popular services available today. They are random and open source keys, and most importantly, they use your browser’s JavaScript engine to generate wallets, meaning no keys are sent to you over the Internet.

Bitcoin Cash Paper Wallet

Result

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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