Last few days has been full of high and lows in the crypto world and a new form of Bitcoin has been created.
If you are new to this Bitcoin Fork scenario, then you have missed a lot of buzz and news about Bitcoin Cash.
But here is brief about what happened,
On 1 August 2017,
The Bitcoin (BTC) network has hard forked/split into Bitcoin Cash (BCH). Now we have Bitcoin & Bitcoin Cash.
Currently, on 5th Aug 2017, The price of 1 BCH is $218. BCH price increased to $410 initially but then went down a bit.
- 1 Grab Your Free Bitcoin Cash (BCH)
- 2 Best Bitcoin Cash Wallet
- 3 Wrapping up with BCH Wallets
Grab Your Free Bitcoin Cash (BCH)
You will be really surprised to know that, people who owned the Keys of their Bitcoin wallet during the Hard Fork has got the equal amount of BCH for Free.
Yes, You heard it right.
Since the fork is completed, Inorder to claim the Free BCH, those Bitcoiners need to use the same BTC private keys on a wallet which supports BCH.
Thus, if you had 2 BTC, now you will have 2 BTC and 2 BCH. Isn’t that really amazing?
Since BCH is newly born, a lot of Coinscage readers asked me about the wallets which support Bitcoin Cash.
So, I thought why not share a detailed article about Bitcoin Cash Wallets.
#CageTip: Make 2-3 Copies of the Seed Key and store it in a safe place. If you lose the seed key, you will lose your currencies too.
Best Bitcoin Cash Wallet
Let’s have a look at all the wallets which supports Bitcoin Cash currently:
|Wallet||Ease of Use||Reputation|
|Ledger Nano S||Easy to use||High|
|Trezor||Easy to use||High|
Ledger Nano S (Hardware Wallet)
Ledger Nano S is the Best Hardware wallet currently available in the market. If you had BTC on your Ledger Wallet while Hard Fork took place, then you had automatically got the equal amount of BCH on it. You just need to download BCH wallet on your Ledger wallet and send BCH to it. It’s quite simple.
This is valid for all Ledger Wallet which includes Ledger Nano S, Ledger Blue & HW1.
If you wish to buy a wallet to store your BCH, then I would recommend you Nano S as here you own the Private keys and your cryptocurrencies will be extremely safe.
Managing the "Bitcoin Cash" fork. All you need to know to access your BCC with your Ledger device https://t.co/37RdEcDbXz
— Ledger (@LedgerHQ) July 31, 2017
Electron Cash (Mobile & Desktop Wallet)
You must have heard about Electrum(It’s a great wallet to store Litecoin). Electron Cash is the forked wallet of Electrum.
It’s an HD wallet and allows you to store your BCH safely by securing it through a Private Key and a 24-word Seed Key.
You can download Electron Cash on Desktop(Mac, Windows & Linux) and Android Mobiles as well.
Trezor is one of the Best Hardware wallet and on August 1, they published a guide on how to claim free BCH on Trezor.
But as per the recent update, Trezor is not supporting BCH currently.
We will soon update here, whenever Trezor starts supporting BCH.
Coinomi (Mobile Wallet)
Coinomi is a popular Multi-currency Mobile Wallet which allows you to store Bitcoin and various altcoins.
Being a Hierarchical Deterministic Wallet, It allows you to own your private keys. It will give you a 15-word seed phrase while signing up, which you would need in case your restore your wallet.
Currently, you can use Coinomi on Android Platform only, it will soon be available for iOS as well.
Moreover, You can read about how to access BCH on Coinomi at their official post.
Jaxx (Desktop & Mobile Wallet)
If you have been dealing with Bitcoins, then you must have heard about Jaxx Wallet. This is a popular Multi-Currency HD wallet which is available on Mobile as well as Desktop.
Being an HD wallet it allows you to own the Private Keys, hence you digital currencies are always safe.
Prior to the fork, Jaxx team announced that they will support BCH and users can access BCH once the integration is completed.
If you already have a Jaxx wallet, you just need to update it and you will get an option of BCH in it.
Make sure to go through Jaxx’s official statement to know more about storing your BCH.
BTC.com (Mobile & Web Wallet)
Btc.com is a popular website which provides highly secure Mobile and Web Wallet. You can even use BTC.com Web Wallet without compromising the security.
This site has a great reputation as it has been operating since 2015 and is backed by Bitmain.
Currently, BCC/BCH tool is working perfectly on their web wallet and soon it is expected to be available for Mobile Wallets too.
To access your BCH or to make a new account for BCH, just go through their step by step official article of BTC.com.
Bitcoin Unlimited Wallet (Desktop Wallet)
This is Bitcoin Unlimited Bitcoin Cash Wallet which has been released by Bitcoin Unlimited community.
This wallet supports Bitcoin Cash and stores your BCH safely on your Desktop. It is much lighter and faster as it does not download the whole blockchain while setting up for the first time.
Since the User interface of this wallet is not much friendly, it is not much recommended for newbies.
Currently, it is available for Mac, Windows and Linux operating system.
Bitcoin Classic(Desktop Wallet)
Bitcoin Classic has recently launched their new Desktop Application which supports BCH(Bitcoin Cash). It is named Bitcoin Classic UAHF Wallet.
It allow users to run two nodes, each following the different chains.
You can download it on your Mac, Windows and Linux systems.
Wrapping up with BCH Wallets
I hope you must have selected the best BCH wallet by now.
If you already have some BCH on the above-given wallets, you would either need to export BTC private keys or just make software update, depending upon the wallet you use.
Since BCH wallets are new and the technology is still in improvement phase, I would recommend you not to make large transactions.
Moreover, I will keep this article about Best Bitcoin Cash Wallet updated with all the new wallets that be introduced in the near future.
Don’t forget to share your views on how you are storing your BCH.
Checkout our other Guides:
- Best Bitcoin Exchange in the World
- How to Make a Bitcoin Paper Wallet
- Convert your Bitcoins to Altcoins Instantly
- Best Litecoin Wallets to secure your funds