Best Bitcoin SV Wallets | Top BSV Wallet In 2020
Bitcoin SV or BSV was created after Bitcoin Cash was forked in November 2018. It is one of the official coins of the Bitcoin Cash network. The other one being the Bitcoin ABC.
Bitcoin SV (full form Bitcoin Satoshi’s Vision) proudly named their new coin after Satoshi Nakamoto, one of the pioneers behind the development of bitcoins. The BSV coin has been developed following the principles of bitcoin bringing in more decentralization and scalability into the network.
The BSV project was undertaken by the nChain Development Company. During the hard fork of BSV, the price of bitcoins experienced a sharp decline but BSV reached a top spot in bitcoin market capitalization. Now that the BSV coins have been created, there is a need to store the coins in a secure wallet.
Best Bitcoin SV Wallets For BSV
Since Bitcoin SV coins are a result of a hard fork, there are not too many wallets that support the coin. There are however a few third-party wallets but they often fail to meet the basic criteria of security, customer support, intuitive interface, etc. Here we have finalized a few wallets that not only support BSV but also will provide security to your funds and personal data. Let’s discuss about best Best Bitcoin SV Wallets For BSV coins:
Electrum SV is a desktop wallet and supports all the major operating systems like Windows, Linux, Mac OS, etc. Electrum wallet was founded by Thomas Voegtlin and is one of the most popular wallets for storing bitcoins. Electrum is a hierarchical deterministic or HD wallet that means you do not need to generate different addresses every time you receive coins in your wallet.
Electrum SV also has a splitting feature whereby you can split your Bitcoin Cash coins into BSV coins. The wallet is also supported by other wallets like Trezor, Ledger, KeepKey, etc. Electrum SV is completely safe as you can store your private keys in your own device.
Exodus is a desktop wallet and can be installed into desktops supporting Windows, Mac OS, and Linux. This wallet is also available for mobile devices. This is a third-party wallet and supports multiple cryptocurrencies including BSV. Exodus has a crypto exchange function supported by ShapeShift whereby you can exchange your crypto coins within the wallet itself. The wallet has an intuitive interface where you can view your portfolio, keep a backup of your addresses, and transactions. You can also integrate Exodus with the Trezor wallet and keep your private keys safely in the Trezor wallet.
Coinomi is a multicurrency wallet that was launched in 2014 and currently supports more than 380 cryptocurrencies. Coinomi does not reveal your IP address or store your private keys in its server while you are doing crypto business in the network. The wallet offers cryptocurrency swaps and is supported by Changelly and ShapeShift features. The wallet supports both desktop and iOS phones. You can download the application from Google Play and Apple iTunes into your iOS phones.
The desktop version is quite good and supports Windows, Linux, and Mac OS. However, one of the major drawbacks of this wallet is that it is not an open-source wallet but fortunately has not reported any major hacks or infiltration over the past few years.
CentBee is a mobile wallet and currently is one of the best wallets for storing your BSV coins. The wallet is affordable with a very easy interface and is supported by CoinGeek and Ayre Ventures.
The mobile wallet can be installed both in your Android and iOS phonesand can be downloaded easily from Apple iTunes and Google Play Store. One of the limitations of this wallet is that it is not an open-source wallet, but the makers of this wallet guarantee its security and there have been no incidents of hacking to date.
Edge is a multicurrency mobile wallet and apart from BSV, you can store 21 other cryptocurrencies. The wallet was first launched back in 2014 under the name of ‘Airbitz’ but was relaunched in February 2018 as the Edge wallet.
Edge is a wonderful mobile wallet with a really intuitive interface and portfolio where you can view all your daily transactions and keep track of your wallet funds. The wallet also provides exchange swap facilities between BSV and other cryptocurrencies. You can also buy other crypto coins using your native fiat currency. One of the good news is that the Edge wallet is a fully open-source wallet and so you are assured about the security verification of your code. The wallet is available both for Android and iOS users.
Blockchain Multi-platform Wallet
Blockchain multi-platform wallet can be downloaded both on your desktop and mobile devices. The wallet was launched in 2011 and so far, has over 33 million users worldwide.
The Blockchain wallet is a browser wallet and offers one of the lowest fees for transactions in the crypto market. The wallet also offers some of the best security features in the market like the 2-step verification process. Another security feature is that every time you do a new transaction, the wallet will create a new address which makes it very difficult for third parties to track down your wallet address and ensures full privacy to your data.
HandCash wallet is a simple mobile wallet that supports both Android and iOS phones. You can send and receive bitcoins by using your phone’s contact list.
One of the unique features of this wallet is that you can remain completely anonymous by using a nickname in place of your wallet address for sending and receiving Bitcoin SV coins. You can keep a backup of your wallet on Google drive and quickly recover the funds whenever you want. The wallet works on the mainnet.
Ledger Nano S
The BSV support team is announced that soon it will be supported by the Ledger Nano S wallet. Ledger Nano S is one of the best crypto hardware wallet in the crypto market and its integration with BSV will be good news for BSV coin supporters.