Are you looking for Best BCH Wallet? We have listed the safest and trusted Web, Desktop, Mobile, and Hardware Bitcoin Cash Wallets in this article.
What Is Bitcoin Cash (BCH)?
Bitcoin Cash (BCH) is a cryptocurrency that forked from Bitcoin (BTC) in 2017. It has a larger block size, allowing for faster transaction times and lower fees than Bitcoin. To store and transact BCH, you’ll need a digital wallet designed specifically for Bitcoin Cash.
Bitcoin Cash Wallet
A BCH wallet gives you a place to keep your private keys – the passwords that allow you to access your BCH. With a non-custodial wallet, you have full control over your keys. Custodial wallets like some exchanges keep your keys for you, posing risks like hacking or theft. For maximum security, choose a non-custodial BCH wallet.
To receive and send BCH, you’ll use your public wallet address, like a bank account number. A person having your public address can see your balance and transactions on the public blockchain, but only you can access and move funds from your wallet with the help of the corresponding private key. That is why it is always a rule that you should never share your private key with anyone.
What to Look for in the Best Bitcoin Cash Wallets
When choosing a Bitcoin Cash wallet, there are several factors to consider:
- Security: Security should be a top priority for you when selecting a wallet to store BCH coins. You should look for wallets that offer two-factor authentication, allow you to control your private keys, and have a strong security track record with no major hacks. Some of the most secure options are hardware wallets like the Ledger Nano S and Trezor Model T.
- Ease of Use: The wallet interface should be straightforward and simple to navigate. Choose an option that matches your technical level. If you’re less tech-savvy, look for wallets with an intuitive design and clear instructions to send, receive and store your BCH. More advanced users may prefer wallets with additional features like custom transaction fees.
- Reputation: Select a wallet from a reputable company with a proven track record of providing secure and reliable services. Do some research on the team behind the wallet to ensure they are qualified and trustworthy. Look for wallets that have been audited by independent security researchers.
- Available Platforms: Consider what devices you want to access your wallet from. Options include web wallets, mobile wallets, desktop wallets, and hardware wallets. For maximum flexibility, choose a wallet with versions for multiple platforms. Some wallets like Electron Cash and Bitcoin.com Wallet are available for desktop and mobile.
- Price: Most Bitcoin Cash wallets are free to download and use. However, hardware wallets typically cost between $50 to $200. If cost is a concern, opt for a free software wallet. But keep in mind that free wallets may have more limited functionality and security compared to paid hardware wallet options.
Best Bitcoin Cash Wallets For BCH Coins
Bitcoin cash is a popular cryptocurrency and there are many wallets supporting it. Let’s discuss each type of BCH wallet in brief.
Recommended article: 25+ Hardware Wallets to store your cryptocurrencies safely
Ledger Nano X
The Ledger Nano X is a well-known hardware wallet for cryptocurrencies that supports multiple coins and provides the highest level of protection. It is the most recent model in Ledger’s well-liked lineup of compact, pocket-sized HD wallets.
The Ledger Nano X is managed via the Ledger Live software, which supports more than 5000 different cryptocurrencies. No matter where you go, you can be guaranteed that your cryptocurrency is always secure and in your control with the Ledger Nano X. Your cryptocurrency and NFTs are kept offline by the USB-style Ledger Nano X. It employs USB-C technology and is Bluetooth-capable. MacOS, Windows, iOS, and Android are all supported by the gadget.
Trezor Model T
The Trezor Model T is a well-known hardware wallet for cryptocurrencies that supports more than 5000 different cryptos and provides the highest level of protection. A seamless user experience and great device responsiveness are provided by the Trezor T wallet’s 1.54″ color LCD touchscreen. The system is compatible with macOS, Windows, iOS, and Android and is connected securely via USB-C.
With the Trezor Model T, you can take control of your data and safeguard your coins, passwords, and other digital keys against theft and hacking. The Trezor Model T adheres to industry standards for recovery seeds (BIP32, BIP39, BIP44, SLIP39), making it simple to retrieve your whole wallet if your device is lost using a 12-word recovery seed.
Coinbase (Web/Mobile)
Coinbase is the world’s most popular cryptocurrency wallet and exchange. Users can buy and sell their cryptocurrency in the Coinbase wallet. It supports major cryptocurrencies like Bitcoin, BCH, Litecoin, Ethereum, Tezos, and many more. Coinbase stores a major portion of your funds in cold storage to keep them away from the reach of hackers. They also have insurance for the safety of the funds. Coinbase is available as a web platform as well as for mobile devices. Sign Up for Coinbase Wallet
Blockchain Wallet
Blockchain wallet is another most popular and one of the oldest cryptocurrency wallets. There are more than 48 million wallets and over $200B worth of transactions have been made to date. Being one of the oldest wallets, it is most trusted as well. Blockchain wallet supports a limited number of cryptocurrencies including Bitcoin cash. You can read our article on BLockchain vs Coinbase wallet.
The major advantage of Blockchain over the Coinbase wallet is that Blockchain allows users to have complete control over their funds. On the other hand at Coinbase your funds is in hands of Coinbase but still, they are the most trusted player in the industry. Like Coinbase, It also allows users to exchange their cryptocurrencies within the wallet itself. Join the Blockchain wallet.
Atomic Wallet
Atomic Wallet is a new multi-assets solution for convenient storage of Bitcoin Cash. For sure, Atomic can be used not only as a BCH wallet: it currently supports over 300 coins and tokens. Besides, every weekly update adds new crypto assets and features.
The desktop app is available for Windows, macOS, Ubuntu, Debian, and Fedora. Alpha versions of Android and IOS mobile apps will be released in November 2018.
Full list of Atomic Wallet features:
- Private keys are stored on the user’s device and generated from mnemonic.
- Built-in Buy Crypto with credit card option, provided by Simplex
- Weekly updates with new coins, tokens, and useful features
- Atomic Swaps option for exchange with low fees
- Custom token feature — you can manually add any ERC20 token in seconds
- Instant exchange via Changelly and Shapeshift
- Instant 24/7-live support
Ledger Nano S
The Ledger Nano S looks exactly like a typical flash drive. It’s built on a series of powerful security features that enable it to store a variety of cryptographic assets. You can send and receive bitcoin cash on this wallet, carry it around in your pocket and get your coins back in case you lose the drive. Buy Ledger Nano S
Major Features
- Multi-coin support – the hardware wallet, supports all major altcoins including Ethereum and Litecoin.
- OLED Display – the drive has an organic light-emitting display that helps you confirm transactions before you send them.
- Unrivaled security features – the ledger Nano S is backed up by robust security features to guarantee total safety for your coins.
- Back up seed keys to help you recover your coins in case of loss of the Ledger.
- It comes with a manual to help you set it up.
Trezor
Trezor is the second most popular hardware wallet after the Ledger Nano S. It resembles a flash drive wallet as well, but it’s smaller in size. Developed in 2014, the Trezor wallet has such advanced security features that it would work on a compromised computer and your coins wouldn’t get lost. Buy Trezor Wallet
Major Features
- It provides unique keys to help complete Bitcoin Cash transactions easily.
- Multi-coin support- since its launch in 2014, the wallet has incorporated all the major cryptocurrencies.
- Backup – Trezor has a list of wallets it partners with to ensure you receive your cryptocurrency assets in case you lose the physical device.
Guarda Wallet
Guarda Wallet is a multi-currency wallet available in Web, Desktop, Chrome Extension, and Mobile (iOS, Android) versions. BCH storage, exchanges, and purchases are there for all the wallet platforms. Despite Bitcoin Cash, Guarda supports over 40 major blockchains and more than 10.000 crypto tokens.
Guarda wallets are non-custodial, so the user is in charge of their funds at all times.
The key features of Guarda Wallet include:
- Secure backup encryption and custody-free storage policy.
- Built-in purchase and exchange services
- A wide range of supported cryptocurrencies with new coins and tokens added constantly
- 24/7 customer support line with the fastest response time on the wallet market
- Cross-platform operations – all the wallets are easily synced across available versions
- Currency-specific features of supported coins
- Additional services such as ERC20 Token Generator
Electron Cash
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.
Major Features
- It’s a forked code to support Bitcoin Cash.
- Supported by decentralized servers to keep the wallet accessible at all times.
- Advanced security- works with encrypted keys.
Exodus Wallet
Exodus is a desktop and mobile wallet that offers security and ease of use. Integrated with a ShapeShift API feature, users can send and receive cryptocurrencies or exchange them directly with the ShapeShift feature.
Major Features
- Multi-coin support- the wallet supports Bitcoin Cash, Bitcoin, Ethereum and a load of other altcoins.
- Safe from malware and virus attacks.
- No account setup is needed.
Coinimi (Mobile wallet)
Coinimi is one of the most popular mobile wallets in the world. It’s designed with advanced security features and gives you the power to manage multiple cryptocurrencies you can store in this wallet. Coinimi does not support iOS at the moment but states it’s in the process of availing an iOS wallet.
BTC.COM
BTC.com is a mobile and web wallet that allows you to secure Bitcoin Cash, and send or receive it using only a short wallet address. It’s lightweight in nature and supported by robust security features.
However, being an online wallet means that it’s possible to become vulnerable to malware or virus attacks. BTC.com is available for both Android and iOS devices.
BCH Paper Wallet
One of the finest methods for long-term offline storage of Bitcoin Cash (BCH) or any other crypto is a paper wallet. Once transferred, it’s a quick and easy way to keep your BCH secure without connecting to the internet. You can use the Cash Adress Paper Wallet generator to make a paper wallet. To generate an exclusive private key and Bitcoin Cash (BCH) address, use the client-side wallet generator.
- Use a secure printer to print the wallet.
- Fold the private key part over after cutting along the edge.
- The part of the private key marked (SEAL HERE) should be taped shut.
- Bitcoin Cash (BCH) can be sent in any quantity to the public address.
- Keep the wallet in a secure location, such as a safe.
Conclusion
I hope you enjoyed this article on the best Bitcoin Cash (BCH) wallet. Generally, both online and offline wallets offer ease of use when storing Bitcoin Cash. However, cold means of storage like hardware wallets tend to offer better security features, making them the preferred option for people who hold large amounts of Bitcoin cash. Still to select the best bitcoin cast wallet for storing BCH try to shortlist a non-custodial, open-source wallet for maximum protection of your funds.
