bitcoin cash wallet

If you want a wallet that can store a larger range of your cryptocurrency then you are perhaps best suited to look at the Exodus wallet or the Jaxx Liberty Wallet. You could also opt for one of the mobile wallets above given their inconvenience (although they tend to be less safe). It makes it easy to send and receive both Bitcoin Cash and Bitcoin but doesn’t have support for any other cryptocurrencies, which might be considered a downside by some.

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This is a different wallet from what you’ll get when you create an account on the Coinbase exchange. The exchange wallet is custodial, while the Coinbase Wallet is non-custodial. You can use the Coinbase Wallet even if you’re not a customer of Coinbase. The market has many non-custodial BCH wallets for users to choose from, but it all comes down to preference.

+ Multiple cryptocurrency support

bitcoin cash wallet

This wallet also allows users to switch their assets to cold storage and set up the requirement to enter two or more signatures before making transactions. Each wallet was selected based on specific strengths, such as security implementations, asset support, user interface, and innovative features, ensuring a comprehensive range of options for BCH users. This methodology emphasizes the importance of a diverse set of features to cater to different user needs in the world of cryptocurrency wallets. People who hold their own cryptocurrency can store it “hot,” “cold” or some combination of the two. A hot wallet is connected to the internet and allows owners relatively easy access to their coins so they can spend their crypto. The trade-off for convenience is potential exposure to bad actors — and forensic investigators working for divorce attorneys.

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The Ledger Nano S is also convenient because it supports a wide range of cryptocurrencies. In addition to being capable of storing BCH, the Ledger Nano can store hundreds of other altcoins, including Bitcoin, Litecoin, Ethereum, and scores of others. The decision to invest in bitcoin cash hinges on individual financial goals and risk tolerance. Due to cryptocurrency price volatility, research and consideration of investment objectives are vital.

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Bitcoin Cash offers faster, cheaper transactions but lacks the broad adoption and security of bitcoin (BTC). The network fee for a typical Bitcoin Cash transaction is less than one penny. If you want to convert your BCH into fiat currency, such as US dollars, you can do that through merchant processors for a cost that is still much lower than credit card processing.

bitcoin cash wallet

+ One of the most trustworthy names in the crypto world

As usage grows, old power structures will erode while fresh ideas blossom. It may help usher in the greatest peaceful revolution the world has ever known. The Bitcoin Cash protocol ensures there will never be more than how to buy bitcoin cash 21 million coins in existence. Governments constantly print money out of thin air, endlessly inflating the supply and devaluing everyone’s savings. Bitcoin Cash has a fixed supply and therefore represents sound money.

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