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. While choosing a wallet, you must choose the best one which will help secure your funds from any sort of hackers or scammers.
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 the 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.
The top 15 Bitcoin Cash wallets in 2020 are:
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.
Click here to access Ledger Nano S
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.
Click here to access Trezor
Jaxx Liberty 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 Liberty is even available on mobile versions such as android and ios as well as a 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.
Click here to access Jaxx Liberty
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.
Click here to access Electron Cash
Guarda Wallet is a custody-free, multi-currency wallet for over 45 blockchains and thousands of tokens. The storages come in Web, Desktop, Mobile (iOS, Android) and Chrome Extension versions. The coins that Guarda supports include Bitcoin BTC, Ethereum ETH, Bitcoin SV, Monero XMR, Zcash (Shielded transactions are supported, too), Dash, Ethereum Classic and more. The extended functionality of the wallet also allows built-in exchanges, purchases, selling cryptocurrency for fiat and operating with Ledger hardware wallet. Staking, delegation and more currency-specific features of supported blockchains are also there for Guarda users to try out.
Guarda is secure, as it does not store any personal data of the clients – all the wallets are non-custodial, with backups encrypted and stored on the user's device. From the point of safety, coin and feature support as well as versatility, Guarda is one of the best cryptocurrency wallets on the current market.
Click here to access Guarda wallet.
Free wallet is an online multi-currency wallet that supports multiple currencies like Bitcoin, Ethereum, and more than 30 crypto tokens, wherein it enables the free transaction between the free wallet users. You can even buy cryptocurrencies with the help of a credit card. It is not only a web wallet but its also available for mobile devices to download, such as iOS and Android. Free wallet provides some of the best features like multi-signature transaction confirmation, 2-factor authentication and many more.
Visit here to access Free 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.
Click here to access BTC.com
Coinomi is one of the oldest multi-platform, multi-chain cryptocurrency wallets available, trusted by over 2.5 million users. It is a Hierarchical Deterministic wallet that offers native support for over 125 blockchains and 1770 tokens and implements the strongest standards of security and privacy. It supports multi-seed setups, and each seed phrase can have its own encryption settings, according to its use case. No user data are ever collected by Coinomi, while users' IP addresses are obfuscated for total privacy. Coinomi was one of the first wallets to offer native segwit for BTC and 14 more blockchains, and users can switch between native segwit, compatibility, or legacy address formats with the click of a button. Users enjoy full control of their transaction fees and UXTOs in Coinomi while its UI is hailed as one of the most intuitive in the space, suitable both for first-timers and advanced users. Coinomi is translated in over 25 languages and boasts 175 Fiat representations as well.
Click here to access Coinomi Wallet
Edge wallet is one of the most prestigious multi-currency wallets, which can be used even by beginners. You can buy, store and trade multiple cryptocurrencies in a single app, where you are in total control over your private keys. Edge is focused on user privacy and security, hence they adhere to cutting edge technology where the users can have secure access with just a PIN or touch ID.
Click here to access Edge Wallet
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, private key storage, and transaction signing. Its top-notch security almost makes it impossible for hackers to steal the private key.
Click here to access KeepKey
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 wallets, 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.
Click here to access CashAddress
Bitcoin Unlimited’s Bitcoin Cash (BCH) 220.127.116.11 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.
Click here to access Bitcoin Unlimited
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.
Click here to access Rahakott
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.
Click here to access CoinPayments
COINS app, developed by Coinpaprika, is an iOS-specific wallet that supports more than 1500 cryptocurrencies. It is a non-custodial wallet hence the entire control over his assets is vested upon by the users. Not only can you browse and explore the coins free of cost, but you can even swap your existing coins. COINS enables you to control multiple currencies from a single app. You can even purchase cryptocurrencies by using FIAT through this app.
Click here to access COINS
Different wallets are having their uniqueness in terms of their security and accessibility. You can choose based on your requisitions.
You can click on any of the above-mentioned links, and that will take you to the wallet creation site.
You can find your BCH wallet address once you log onto your specific wallet. You can see your receiving address.
You can earn free Bitcoin Cash through faucets, mining and referral programs, to be generic.
Bitcoin Cash is a fork of Bitcoin, which got created with advanced technology, where the transaction confirmations are faster in BCH than BTC.
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