Top 8 Wallets For Storing Your Bitcoin Cash
Bitcoin Cash is peer-to-peer electronic cash for the Internet. It is fully decentralized, with no central bank and requires no trusted third parties to operate.It is a fork of the Bitcoin blockchain ledger, with upgraded consensus rules that allow it to grow and scale.
Before you can start trading or mining Bitcoin Cash, you need a place to store it, i.e., a wallet.
- The wallet needs to be compatible with Bitcoin Cash so that you can unleash its fullest potential.
- Easy user interface can make it simple and convenient for you to manage the crypto holdings.
- A dedicated development team can keep up with the wallet upgradation by adding new features every now and then.
- Stellar customer support becomes mandatory for solving the problems faced by you in handling your wallet. If the support team of the wallet if operational, then you can get your queries solved faster.
- Private keys refer to the right of managing crypto holdings. Thus, you should look out for a wallet which allows you to exercise supreme control over your private keys without asking you to share the same with a third party.
- Security features like advanced encryption, two-factor authentication, passphrases and secure PINs can provide you with an extra layer of contentment. A proper backup feature can also serve your purpose of fund restoration if your ever damage or lose your wallet.
- Reputation serves as a focal point of purchasing a crypto wallet as its reviews can hint at its future course of functionality and whether it can actually serve as a credible means of crypto storage.
1.Ledger Nano S (Hardware Wallet)
The Ledger Nano S is the predecessor to the Ledger Blue. It’s not as feature-rich as the Ledger Blue, but apart from an interactive and touch screen, it does resemble its distant-cousin the Ledger Blue in quite a few ways.
Especially, when it comes to security, the Ledger Nano S does live up to the “Ledger” name. It too supports Bitcoin cash among other currencies, and here’s why your Bitcoin cash funds would be safe with the Ledger Nano S.
2.Trezor (Hardware Wallet)
The final hardware wallet which can without an iota of doubt be included in this list of the best Bitcoin cash wallets is Trezor.
Primarily, it’s not shaped as a USB device but is rather of its own unique shape. And Secondly, it offers a wider-range of installation methods.
But overall, it does what any other device on this best Bitcoin cash wallets list would do, help you store your Bitcoin cash funds in a secure environment.
3.KeepKey (Hardware Wallet)
This hardware wallet takes over the management of private key storage, private key generation and transaction signing from your computer’s wallet software. It makes use of a hardware-based random number generator which joins hands with an impromptu number provided by the computer for coming up with a private key. Users can write down the backup code in the form of a twelve-word recovery sentence once the private key is generated.Keepkey also provides a 12-24 digit backup seed to help you recover your coins.
4.Electron Cash (Mobile & Desktop Wallet)
Electron Cash was designed to improve on Electrum, a desktop wallet. Its security features involve a mnemonic seed phrase and private keys to easy transactions. Electron Cash supports almost all the major operating systems, including Android and Linux.This is first soft software wallet that fully dedicated to Bitcoin cash, because these days most users prefer electrum bitcoin wallets for the daily transaction that why after forking process, Electrum launched his new wallet that accessing all available bitcoin cash wallets.
Bitcoin Unlimited is the second contender on this list of the best Bitcoin cash wallets, more than a wallet, it’s a revolution in itself whose primary aim is to reduce transaction fee, as well as confirmation time.
Without getting into the technicalities, the best way we can explain Bitcoin unlimited is that it’s used to create “signals” or “votes” on steps which will lead to a better future for Bitcoin.
The primary issue being addressed by the Bitcoin Unlimited team and supports is the issue of “Block size”. Currently, only developers get a say on “block size determination”, but Bitcoin Unlimited wishes to transfer this power over to Miners as well as users!
6.Jaxx (Desktop & Mobile Wallet)
This wallet was developed with the sole purpose of making crypto dealing more accessible to the masses and easier to manage. Given its abundant storage options when compared to the other market players, this wallet is definitely worth your attention. The easy user interface of Jaxx stands out as its best feature which assists users in navigating the system in an effortless manner. Information pertaining to Bitcoin Cash and other cryptos are stored in a straightforward manner and the ShapeShift integration makes crypto exchange seem like a cakewalk. The immense compatibility of the Jaxx wallet which supports Bitcoin, Bitcoin Cash.
7.Coinomi (Mobile Wallet)
Coinomi’s primary selling point is its extensive currency support, it supports nearly every cryptocurrency and altcoin out there.
And that list most obviously includes Bitcoin cash as well. Considering it’s a mobile-wallet, we did give its user-interface a hard time while testing it out, but we must admit it passed with flying colors. Accounting for easy, simple and “first-timer friendly” user-interface.
As far as the security and performance of the Bitcoin cash wallets goes, here’s what Coinomi offers:
8.BTC.com (Web & Mobile Wallet)
This popular mobile and web wallet is backed by Beijing-based company Bitmain Technologies which is an established player in bitcoin mining field. This wallet was designed to send, receive and store both Bitcoin and Bitcoin Cash in a safe and easy manner. The user-friendly wallet is available through Android and iOS apps as well as online. Users can also retain control over their private keys at all times using this hierarchical deterministic (HD) wallet which allows them to avail the master “seed” for keeping a backup of their holdings. Two-factor authentication and multi-signature transactions are also supported by the BTC.com wallet which has already evolved into a customer favourite coupled with its easy to understand interface and stellar customer support.
So finally, which wallet actually wins the crown as the best Bitcoin cash wallet? I won’t point out any single wallet here, but as a general rule Hardware wallets are the most-secure, so if you’ve got a good enough sum to hold, that’s what I’d suggest you to go with.
But, if the sum isn’t as large, and you do not wish to invest in a hardware wallet, do give Electron cash a try for your desktops. Electron cash wallet can manage your all daily Bitcoin Cash transaction with privacy.
And for the mobile devices, both the wallets we’ve talked about serve the purpose.
Bottom line is, every Bitcoin cash wallets on this list is secure and feature-rich, so do let us know which wallet you zero-in on, and why.
[su_quote]This article is writing on 22 May 2018 based on information available online & news portal. If you feel it’s outdated or incorrect, please write here to update it. Mail us: [email protected] Or Whatsapp Us- 918077121282[/su_quote]