Before operating Bitcoin Cash, the users need to think of a secure place to store it in. BCH became somewhat of a trending topic after the November Hard Fork – a radical upgrade that divided the blockchain into two competing coins. We have already made a list of BSV storage services, now it is time to find the best Bitcoin Cash wallet together with Guarda.
What is Bitcoin Cash?
Bitcoin Cash (BCH) is a cryptocurrency derived from Bitcoin, which appeared due to a hard fork produced in BTC which was established at the end of block 478558 on August 1, 2017. This is the first “hard fork” (bitcoin blockchain software update), resulting of a series of disagreements between miners about the update, that’s why the Bitcoin Blockchain endured a division of bitcoin blockchain. There were two parties, the first one was created by Bitcoin miners, and the other one was made up of the Bitcoin community. Miners wanted Bitcoin to use bigger blocks in order to allow more transactions, but users and developers wanted to implement an upgrade, called Segregated Witness (SegWit), so more transactions could fit in each block. So, as they did not agree, Bitcoin was divided into two different currencies and that is how Bitcoin Cash was created, being supported by miners who wanted to have bigger blocks.
Bitcoin Cash shares the block history of the base cryptocurrency, but like all hard forks, it uses a different blockchain. BCH is an improved version of the BTC software. The main improvement offered by Bitcoin Cash is an increase in the block size limit to 8 MB. This allows the miners of the BCH chain to process more payments per second, providing faster and cheaper transactions and much smoother user experience. Although Bitcoin is the first cryptocurrency in the world and the one with the highest value, this doesn’t mean that it’s the safest and the most effective when making transactions. It is a project in constant development by the community, and that allows the existence of different alternatives, like Bitcoin Cash, which provides a high level of security and effective transactions.
Bitcoin Cash offers a strong currency to the world, fulfilling the initial promise of Bitcoin as digital money from user to user. Users and merchants can enjoy low commissions and reliable confirmations. If you had Bitcoins prior to August 1st, 2017 when the Bitcoin Cash hard fork happened, you are able to claim the same number of tokens in Bitcoin Cash. Even if you haven’t asked for your coins yet, they will be safe so you can ask for them anytime.
How to buy bitcoin cash? You can buy Bitcoin Cash online in several cryptocurrency exchanges and go to a bitcoin cash exchange, currently, there are hundreds of them operating. Most of them accept payment via bank transfer or credit card and some of them may charge fees. When you have made your payment, the exchanger will purchase the amount of Bitcoin Cash that you have paid for and then the exchanger will deposit the coins in a wallet on the exchange. In order for you to have an overview of what is available on the market, we proudly present a list of the best & biggest bitcoin cash wallets.
Guarda — the most intuitive Bitcoin Cash wallet
Guarda is a non-custodial multi-currency multi-platform wallet that was released in 2017 ad quickly gained popularity. It is regarded as one of the most user intuitive BCH wallets. Guarda has an easy interface. Registration on the platform is a simple process. Here is how to set up a bitcoin cash wallet on Guarda: enter a password, go through a back-up seed phrase setup and now you should have a bitcoin cash wallet address! You can now enjoy using your new cryptocurrency wallet with no hassle. Its web-based wallet has the richest feature set and will suit best for everyday needs. Guarda wallet supports many popular cryptocurrencies, such as BTC, ETH, EOS, BCH, QTUM, ETC, CLO and many others. As of right now, aside from BCH, Guarda supports 35+ coins, 250+ ERC-20 and QRC-20 tokens and instant exchange among them. It is a cold-storage wallet, so you wouldn’t have to worry about your private keys stolen from the platform, all you have to do is to safely export them and take care of storing them in a discreet place. Desktop Guarda software client stores the private keys locally on the user’s device and deletes them itself when logged out from the wallet. The wallet has software products for IOS and Android devices. EOS is also supported on the other wallet versions – Web, Desktop and Chrome Extension.
Ledger Nano S – The safest hardware wallet
Hardware storage provides offline storage solution, which makes it one of the most secure storage options 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.
Jaxx – Informative wallet
Jaxx is another multi-currency and cross-platform wallet. They have announced prior to the fork that Jaxx users would not need to do anything to access their BCH coins. 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. With its focus on design and crypto news aggregation, it will come in handy if you are a market analyst or prefer to have all the relevant to the market information in front of you.
Jaxx allows synchronization between devices, an instant exchange between more than 80 currencies and have quick access to the block explorer’s information. 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 a Chrome browser extension. The private keys always remain on the device for extra security.
If you are willing to give it a go visit Jaxx web page.
Electron Cash (Bitcoin Cash Wallet Electrum)
Electrum wallet was mainly focused on Bitcoin as their primary currency until the famous fork occurred. Electrum now allows you to claim your Bitcoin Cash if you had any regular Bitcoin stored in your wallet prior to the fork. It allows you to back up your wallet via a mnemonic seed phrase, like a true HD wallet. It is a light wallet as it does not require you to download the full node of Bitcoin Cash. It is available for Windows, Mac, and Linux operating systems. It also has a version which supports Android mobiles, too.
More about Electron Cash wallet here.
Atomic Wallet (Multi-platform wallet)
Atomic Wallet is a multi-asset custody-free solution for secure storage and management of BTC, ETH, BCH, XRP, LTC and over 300 other coins and tokens. The crypto assets and features are regularly updated. Private keys are securely encrypted on a user’s device, so one has full control over their funds.
The desktop app is available for Windows, MacOS, Ubuntu, Debian and Fedora. Private alpha versions of Android and IOS mobile apps will be released in October 2018.
Atomic Wallet is a secure all-in-one, non-custodial cryptocurrency storage with a smooth and comprehensive interface. The wallet supports Atomic Swaps, a cutting-edge feature that helps users significantly save on fees. Atomic wallet also enables users to buy cryptocurrency with USD and EUR and exchange their assets at the best rates via Changelly or ShapeShift.
BTC.com (Web & Mobile Wallet)
Btc.com started out as a popular website that has a great reputation because it has been operating since 2015 and is backed by Bitmain. Later on, they introduced wallet functionality. It provides highly secure Mobile and Web Wallet.
BTC.com is a wallet for those who would like to access a web wallet that won’t compromise their private keys. You will be also able to access BCH.
BCH tool is working perfectly on their web wallet and recently launched Android and iOS app versions, too.
CashAddress (Paper Wallet)
Bitcoin Cash’s paper wallet is a script-based wallet. As simple as it sounds, you have to write down a hashed information on a piece of paper. The only concern is to choose an appropriate way of storing the information, preferably in multiple places. For those users who are comfortable with paper solution wallet, this is a great choice. The paper wallet may seem like a safe option, however, take into consideration hardware wallets, which may be a superior upgrade to the paper wallet.
You will find a reference guide explaining how to make a paper wallet. This tutorial was written for Bitcoin paper wallet although the process is similar for making BCH paper wallet, too.
Here you can read more about this wallet.