Wallet

Bitcoin Cash Wallet All You Need to Know to Store Your BCH

Bitcoin Cash (BCH) was developed in August 2017 as a hard fork of the Bitcoin. As far as the market capitalization is concerned, it is among the top 5 crypto currencies. It was created to offer faster transaction speed and lower fee. If you’re going to buy Bitcoin Cash (BCH), you’ll surely need a bitcoin cash wallet. Luckily, we come across a good number of options, so let’s start our review.

Electron Cash(Desktop & Mobile Bitcoin cash Wallet)

Basically, it is a fork of the bitcoin original wallet, Electrum. Similar to a true HD wallet, you can back up this bitcoin cash Wallet with the help of a mnemonic seed phrase. You need not to download entire block chain so this is a light weight wallet. You can use it on Windows, Linux and Mac operating systems. In addition to that, it also has a version which supports Android mobiles, too.

Learn more: Ethereum Wallet

com (Web & Mobile Bitcoin cash Wallet)

This web and mobile Bitcoin wallet is gaining enormous popularity. It doesn’t hold your private keys. At the moment, it is only available on the web but the developers are claiming that it will be soon available for the mobile devices.

BU Bitcoin Cash Client (Desktop Bitcoin cash Wallet)

It is yet another desktop wallet available with salient features. You can store your digital currency with ease and comfort. However, it doesn’t offer the same level of the security as the hardware wallets offer. But for certain people, desktop wallets are great option because they are free to download and use. You must be vigilant about the security of your computer against malware or hacking attacks. It is compatible with Windows, Linux and Mac operating systems.

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Electron Cash (desktop and mobile Bitcoin cash wallet)

Electron Cash is a simplified payment verification (SPV) wallet for Bitcoin Cash. You can easily manage, send and receive BCH. It is available in Windows, Linux and OS X operating systems. Apart from that, you can download its Android app from the Google Play.

It is a light weight bitcoin cash wallet. It is really easy to set up and use. You can back up the wallet with the help of a mnemonic seed phrase. Besides, it doesn’t retain your private keys so you need not to worry about the security. Multisig functionality is also supported for an extra layer of security.

On the downside, there’s no iOS app available, so iPhone users will need to look elsewhere. Over and above this, it only shows compatibility with Bitcoin Cash. So if you are looking to store multiple currencies, it is not for you. You’ll also find better-looking user interfaces on some other wallets.

Coinomi (mobile Bitcoin cash wallet)

You must go for this mobile wallet if you are looking to manage, send or receive your digital currency from the screen of your smart phone. The user-friendly interface and a support of more than 100 crypto currencies including Ethereum, bitcoin, Dash, Litecoin, Tether (USDT) and Bitcoin Cash etc, makes it the prime choice of crypto currency lovers.

Features like no need of KYC and retaining private keys on your device makes it a perfect choice for users.  Coinomi is also an HD wallet, so you only have to back it up once with a so-called super-passphrase.

On the downside, mobile wallets are always less secured when the security is the concern. Besides, lack of iOS app is also a major shortcoming.  However, an iOS app and desktop version of Coinomi are reportedly on the way soon.

Learn more: Best Monero Wallet

Jaxx (desktop and mobile Bitcoin cash wallet)

It is yet another cool bitcoin cash wallet. It was developed with an aim to provide access to the masses so that they can utilize the crypto currency conveniently. You can easily manage, send or receive your digital funds while using this bitcoin cash wallet.

The interface is quite friendly and you can easily use it on the go. You can easily store BTC or other crypto coins in this bitcoin cash wallet. ShapeShift integration is a handy feature that allows for fast crypto-to-crypto exchanges. The next great feature of this wallet is the compatibility. You can store crypto currencies such as Dash, Litecoin, Ethereum, bitcoin, bitcoin cash and several other currencies. You can operate this wallet on many devices including Windows, Mac, iOS, Android and many more.

Where Jaxx doesn’t measure up to some other options is in the security department. While it does use a 12-word “Masterseed” to help you manage your private keys, there’s no support for features like 2-factor authentication or multisig functionality.

Keep Key (Hardware bitcoin cash wallet)

It is yet another hardware bitcoin cash wallet. Of course, the security feature is the highlight of this wallet like any other hardware wallet. Well, it is quite hefty to carry this wallet. That’s why, users usually look for alternatives. But overall, it is not a bad choice.

Final thought

Depending upon the kind of wallet you are using, you may require playing with your private keys. Hence, we advise you to do it cautiously by following the official announcements from your associated wallets.

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