Bitcoin Cash (BCH) is the peer-to-peer decentralized digital currency, which was launched in August 2017, formed from a fork of Bitcoin. Bitcoin Cash was formed as a result of the difference in viewpoints within the BTC community about how to scale the network. As people started using Bitcoin, the network struggled to keep up with the volume of transactions. As a result, many Bitcoin users were waiting for hours, sometimes days, before seeing their transactions go through.
The biggest difference between Bitcoin and Bitcoin Cash has to do with the size of blocks on the blockchain. Bitcoin Cash allows many more transactions to be processed in one block by increasing block size from Bitcoin’s 1MB up to 8MB. The idea is to process a larger amount of transaction volumes faster and for lower fees.
Another difference between the two currencies is the level of difficulty involved in mining. Bitcoin Cash mining varies depending on how many miners are active on the network. Many Bitcoin miners have migrated over to Bitcoin Cash because it allows them to generate a larger amount of profits at a faster rate than mining Bitcoin.
Hardware storage provides offline storage solution, which makes it one of the most secure storage option available. Ledger Nano S is one of the most secure wallets, which has the ability to store your private keys in a secure element locked by a PIN code.
It provides two-factor authentication code support and the transactions are verified using OLED support by pressing buttons on the service. Ledger Nano S offers support to a variety of coins like Bitcoin, Bitcoin Cash, Ethereum, Litecoin and a range of other cryptos.
Visit here to get more details about Ledger Nano S wallet.
Trezor is another hardware wallet, which is designed to provide safe offline storage, that protects against thefts and malware. This USB device is handy and very safe to use.
It includes features such as advanced cryptography, buttons, and a built-in screen so you can manually verify all transactions and secure PIN protection. The Trezor can be used to store a variety of cryptocurrencies like Bitcoin, Bitcoin Cash (BCH), Litecoin (LTC) and other cryptos.
Visist here for more details about Trezor wallet.
Jaxx is becoming increasingly popular day by day as it provides a seamless user experience for storing Bitcoin Cash. Jaxx is available on different platforms like Windows, Linux and OS X desktops and forms an integral part of the bitcoin cash wallets list.
Jaxx is even available on mobile versions such as android and ios as well as chrome browser extension. Jaxx is appropriate for the new users as the setup process is very simple to understand. It supports cryptocurrencies like Bitcoin, Bitcoin cash, Dash, Ethereum, Litecoin and many more. The private key always remains on the device for extra security.
Download Jaxx wallet from here.
Electron Cash is the forked version of the Electrum wallet, which is a Simplified Payment Verification (SPV) wallet for Bitcoin Cash. Electron Cash is available in both desktop and mobile version and is available for Windows, OS X, and Linux systems.
It is a lightweight wallet, which is very easy to use and allows you to retain control of your private keys and to backup your wallet with a mnemonic seed phrase. Multisig functionality is also supported for an extra layer of security, making it one of the best Bitcoin Cash wallet Android.
Download Electron Cash wallet from here.
It is one of the lightweight and easy to use multi-currency wallet, both for mobile and web version, which is very secure and supports most of the well-known cryptos like Bitcoin Cash, Stellar Lumens, Ethereum, Zcash, Ripple and many other altcoins.
It’s reliable and safe characteristics, and device compatibility feature makes it one of the best Bitcoin cash wallets ios.
Unlike many other wallets, Guarda doesn't store any client information, wallet data or private keys. The private key is stored in the device’s secure memory and deletes itself if you log out from the wallet. Guarda helps you to shift your assets from one coin to another smoothly, without KYC process, even limits and complex verification procedures.
Visit here to access Guarda wallet.
BTC.com is one of the most popular web and mobile wallet backed by Bitmain Technologies, a Beijing-based company that’s an established player in the field of Bitcoin mining. It is designed to make it safe and easy to send, receive and store both Bitcoin Cash and Bitcoin.
It is a hierarchical deterministic wallet that allows you to use a master “seed” to back up your holdings, the BTC.com wallet also supports multi-signature transactions and two-factor authentication.It is available for android and ios versions.
Coinomi is an user-friendly and popular wallet that supports multiple currencies like Bitcoin Cash, Bitcoin, Dash, Ethereum, Litecoin and many more cryptocurrencies. Coinomi has a user-friendly and convenient user interface, which makes it one of the best BCH wallets according to BCH wallet review.
Coinomi is an HD wallet, which allows simple backup and your private keys never leave your device. ShapeShift integration allows for fast exchanges between cryptocurrencies.
Download Coinomi wallet from here.
KeepKey secures Bitcoin, Bitcoin cash, Litecoin, Ethereum, Dogecoin, Dash, and Namecoin. They claim to be virus or malware proof, and assets are secured from thieves and hackers. KeepKey is a Bitcoin hardware wallet with advanced security against virtual and physical theft. Now, a lower price tag means more users can give it a try. In addition to Bitcoin and Bitcoin cash, the KeepKey wallet enables the storage and transaction of a variety of cryptocurrencies.
KeepKey integrates with the wallet software on your computer by taking over a private key generation, a private key storage, and transaction signing. Its top-notch security almost makes it impossible for hackers to steal the private key.
Get more details about KeepKey wallet here.
This is the paper wallet option available for people who find this option the best for storing their currencies. It is one of the best Bitcoin Cash wallet, for storing it for a long time. But if you forget the place where you’ve hidden the keys, then you can’t retain the private key.
You can access CashAddress from here.
Bitcoin Unlimited’s Bitcoin Cash (BCH) 18.104.22.168 edition has been released which is being offered by the Bitcoin Unlimited Developers ‘unofficially’ until the BU community has the opportunity to vote on whether Bitcoin Cash should be officially supported.
This desktop wallet supports BCH and is available for Windows, Linux, and Mac operating systems.
Download Bitcoin Unlimited BCH wallet from here.
Rahakott is a multi-currency wallet that allows anyone to send or receive money from anywhere. There is no need to log in always with your email address, username or telephone number, but you can access with a mnemonic phrase.
You can access multiple wallets from one account itself, by following two-factor authentication. Rahakott wallets are algoristic which means that for every transaction, a new public address is created to keep it secure.
Access Rahakott wallet from here.
CoinPayments is a digital web-based cryptocurrency, which has no registration fee but a minimal transaction fee. The best thing about CoinPayments is their visibility and their multi cryptocurrency wallet support feature, where it can store Bin, Bitcoin Cash and other altcoins.
CoinPayments has integrated with BitGo to make it the most secure wallet, which allows you to store multiple digital currencies without any limit set. A vault feature has been added to protect and secure the money from hackers. It supports over 60 coins- Bitcoin, Bitcoin cash, Litecoin, Neo, Tron and more.
CoinPayments provides with a variety of innovative services, including cold storage, multi-signature, instant confirmations, plugins for easy integration of payment features and merchant tools, vaulting for long-term storage.
Visit CoinPayments wallet from here.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through the global exchanges like KuCoin, IDEX, Changelly, Bittrex, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!
2018-11-21 08:49:47.000001 | 2 min