14 Best Bitcoin Cash Wallet for 2024 – Paybis Analysis
Bitcoin Cash (BCH) is a cryptocurrency that resulted from a fork of Bitcoin in 2017. BCH coins reside on a different Blockchain than that of the original Bitcoin and thus require different wallets for storage.
In this article, we will go through the best Bitcoin Cash wallets that are currently available on the market. We will explore the technology behind them and indicate their best features.
After going through our list of Bitcoin Cash wallets, you should have the necessary information to make an educated decision when choosing your preferred wallet.
Before we list our favorite options, let’s quickly go through the basics of a Bitcoin Cash wallet.
Table of contents
- What is a Bitcoin Cash Wallet?
- How Does a Bitcoin Cash Wallet Work?
- 1. Ledger Nano S Plus: A Secure Haven for Your Bitcoin Cash
- 2. Ledger Nano X: Security and Versatility for your Bitcoin Cash
- 3. Trezor Model T: Premium Security and Features for your Bitcoin Cash
- 4. Trezor Model One: Tried-and-True Security for Your Bitcoin Cash
- 5. Tangem Wallet: The ‘Crypto Credit Card’ for Maximum Portability
- 6. CoolWallet Pro: The Card-Shaped Hardware Wallet for Portability
- 7. Exodus Wallet: Simplicity and Multi-Currency Convenience for Your BCH
- 8. Atomic Wallet: Versatility and Features for Your Bitcoin Cash
- 9. Electron Cash: A Lightweight, BCH-Focused Wallet
- 10. Guarda Wallet: Multi-Asset Management and User-Friendly Features
- 11. Edge Wallet: Privacy-Focused and Sleek Mobile Experience
- 12. Trust Wallet: Binance-Backed and Multi-Chain for your BCH
- 13. Coinomi: Established Multi-Currency Veteran
- 14. Paybis Wallet: Hybrid On-Chain BCH Wallet
What is a Bitcoin Cash Wallet?
A Bitcoin Cash wallet is a specialized software that will help you freely access, use, and spend your coins at any time.
Digital currencies like BCH exist only in electronic form and cannot be stored like regular money. This means that acquiring such a wallet will be your first step towards using and owning Bitcoin Cash.
Here’s how a Bitcoin Cash wallet essentially works.
How Does a Bitcoin Cash Wallet Work?
Bitcoin Cash coins are representations of value on their Blockchain. Your cryptocurrency wallet acts as a point of access to your coins, using two unique codes to do so:
- A private key – this character string is used to access your coins and allows users to sign transactions on the Blockchain so you can spend them. Without it, you won’t be able to transfer any of your BCH coins, so make sure you always keep it in a safe place.
- A public address – derived from the private key, this is the address where people can send you Bitcoin Cash. It can be shared with anyone who needs to send you BCH or when you buy coins from an exchange.
Aside from that, keeping your coins safe is your own responsibility. You are the only one that can access your coins at any time. Cryptocurrency wallets help you do this by encrypting your unique keys and storing them so you can use them at your discretion.
What to consider when choosing your Bitcoin Cash wallet
Bitcoin Cash wallets come in four major types, and it can be said that each of them serves a different purpose. Some are convenient for daily use, others for long term storage.
- Mobile wallets – these mobile apps turn your smartphone into your portable crypto wallet. They are very convenient for daily use, but the caveat is that you need to take special care of your phone and act quickly if it gets stolen or lost.
- Online wallets – these wallets are great for everyday use as they allow you to access your coins on the go, through your browser or mobile phone. They are the most commonly used wallets, even though they present the highest risk of getting hacked.
- Desktop wallets – a desktop wallet requires the installation of specialized software on your PC, making it a lot safer than both online and mobile wallets. This wallet type will turn your computer into a vault, and it’s ideal when making transactions from home.
- Hardware wallets – these specialized USB-like devices are the top of the line when it comes to securing your cryptocurrencies. They keep your sensitive data offline, away from hackers, and are small and convenient for transport.
- Paper wallets – like its name suggests this is a piece of paper on which your keys are printed. Great for long-term storage, but not meant for daily usage. This is because you can only transfer the entire content of your wallet when choosing to make a transaction.
Having said that, let’s dig into our compiled list of the best Bitcoin Cash wallets.
1. Ledger Nano S Plus: A Secure Haven for Your Bitcoin Cash
- Number of supported coins: 5500+
- Devices access: Desktop (via Ledger Live), limited mobile access
The Ledger Nano S Plus is a popular hardware wallet designed for maximum cryptocurrency security. It’s a fantastic option for Bitcoin Cash holders.
Ledger Nano S Plus is best for:
- Security-conscious BCH holders
- Long-term investors
- Multi-currency users
Features
- Offline Storage (Cold Storage): Perhaps the most important feature, the Ledger Nano S Plus keeps your BCH private keys offline. This protects them from online vulnerabilities, greatly reducing the risk of hacks and theft.
- Secure Element Chip: The device has a certified secure chip (CC EAL5+) to isolate sensitive operations like signing transactions.
- Physical Confirmation: Every BCH transaction must be manually verified on the Nano S Plus itself using its buttons, preventing remote manipulation of your funds.
- Ledger Live: The Nano S Plus is used in conjunction with Ledger Live software. This provides an intuitive interface for installing apps, managing your BCH, and interacting with other cryptocurrencies.
- Decent Storage Capacity: The Nano S Plus offers enough space for several crypto apps simultaneously, including your Bitcoin Cash wallet.
- Simple Setup: The setup process is guided, making it relatively easy for less tech-savvy users.
Considerations
- Wired Connection: The Nano S Plus requires a wired connection to a computer using a USB cable. This can be slightly less convenient than wireless options for some.
- Smaller Screen: The screen, while larger than the original Nano S, is still small compared to premium hardware wallets. This can make navigation a little less intuitive.
The Ledger Nano S Plus is a reliable, secure, and user-friendly hardware wallet well-suited for safeguarding your Bitcoin Cash. Its offline storage, physical confirmations, and robust security features make it a top choice for BCH holders seeking maximum protection against potential theft or hacking.
2. Ledger Nano X: Security and Versatility for your Bitcoin Cash
- Number of supported coins: 5500+
- Devices access: Desktop (via Ledger Live), Mobile (via Ledger Live app with Bluetooth)
The Ledger Nano X is a popular upgrade from the Nano S Plus, offering more features for greater convenience while maintaining top-notch security for your BCH holdings.
The Ledger Nano X is a fantastic choice for these types of Bitcoin Cash users:
- Security-minded and active traders
- Investors with a diverse portfolio
- Users seeking future DeFi functionality
Features
- Enhanced Security: Just like the Nano S Plus, the Nano X prioritizes security with offline storage of private keys and a secure element chip. Your BCH is protected during transactions with transaction verification directly on the device’s buttons.
- Bluetooth Connectivity: Key advantage over the Nano S Plus – the Nano X lets you manage your BCH on the go using Bluetooth and the Ledger Live mobile app. This eliminates cable dependency for quick transactions.
- Larger Storage Capacity: You can install more cryptocurrency applications simultaneously compared to the Nano S Plus, giving you room for a diverse portfolio including BCH.
- Larger Screen: Navigation and transaction review are much easier with the Nano X’s larger and higher resolution screen, reducing errors.
- Vast Cryptocurrency Support: The Nano X supports thousands of cryptocurrencies including BCH, giving you flexibility within a single wallet.
- Ledger Live: The user-friendly Ledger Live software is essential, allowing you to manage your BCH balance, transactions, install apps, and more.
Considerations
- Price: The Ledger Nano X is costlier than the Nano S Plus due to its additional features.
- Battery Life: While the battery offers plenty of runtime, remember it requires periodic charging, unlike the strictly wired Nano S Plus.
If security remains your top priority, but you desire better on-the-go management and expanded features, the Ledger Nano X is an outstanding choice for safeguarding your Bitcoin Cash. Its Bluetooth, increased storage, and improved screen make it a premium upgrade for a more convenient user experience.
3. Trezor Model T: Premium Security and Features for your Bitcoin Cash
- Number of supported coins: 1600+ (including Bitcoin Cash)
- Devices access: Desktop & Web (via Trezor Suite)
The Trezor Model T is a premium hardware wallet known for its robust security, intuitive touchscreen interface, and compatibility with various cryptocurrencies, including BCH.
The wallet is best suited for:
- Security-focused and tech-savvy users
- HODLers seeking ease of use
- Larger portfolio holders
Features
- Top-Tier Security: Trezor has a strong reputation for secure hardware wallets. The Model T keeps your BCH private keys offline, includes a secure element chip, and requires physical confirmation of transactions on the device itself.
- Intuitive Touchscreen: The large, color touchscreen is a significant upgrade over button-based wallets. It streamlines navigation, transaction review, and even entering your PIN directly on the device, enhancing security.
- Wide Cryptocurrency Support: The Trezor Model T offers secure storage for a vast range of cryptocurrencies alongside your BCH holdings.
- MicroSD Expansion: The microSD card slot offers potential for even more storage and advanced features like encrypted file storage in the future.
- Trezor Suite: Trezor’s desktop and web-based software interface allows for easy management of your BCH, viewing balances, sending and receiving, and more.
- Third-Party Wallet Integrations: The Trezor Model T works with popular software wallets like Exodus and MetaMask, expanding its functionality.
- Shamir Backup: Provides advanced recovery options for your keys, splitting backup seeds into multiple shares for redundancy.
Considerations
- Cost: The Trezor Model T is one of the most expensive hardware wallets. Its features and usability may not justify the price for some users.
- Potentially Less Portable: The larger form factor, while offering the touchscreen advantage, might be slightly less portable than slimmer options for on-the-go users.
If you want the best security, a smooth user experience, and the potential for expanded features with your BCH holdings, the Trezor Model T is a fantastic choice.
4. Trezor Model One: Tried-and-True Security for Your Bitcoin Cash
- Number of supported coins: 1000+ (including Bitcoin Cash)
- Devices access: Desktop & Web (via Trezor Suite)
The Trezor Model One is the original hardware wallet from Trezor, renowned for providing a solid foundation of security for cryptocurrency storage, including your BCH.
Who is this wallet for:
- Budget-minded security seekers
- BCH-focused holders
- “No frills” users
Features
- Offline Storage (Cold Storage): The cornerstone of the Model One – your BCH private keys are stored offline, shielding them from online threats and hacks.
- Proven Security: The Trezor Model One has a well-established security track record, having undergone years of scrutiny in the crypto world.
- Compact and Durable: The Model One’s small size makes it relatively portable and discrete.
- Multi-Currency Support: Alongside BCH, you can manage many other cryptocurrencies with the Trezor Model One.
- Trezor Suite: This desktop and web-based software acts as your management interface for the wallet. View your BCH balance, initiate transactions, and manage supported cryptocurrencies.
- Trusted Brand: Trezor is a recognized and reputable name in the hardware wallet space.
Considerations
- Limited Features: The Model One lacks some features found on its successor, the Model T, like a touchscreen and microSD card slot.
- Button-Based Interface: Navigation using the Model One’s buttons may feel slightly less intuitive for some than a touchscreen.
- Smaller Screen: The screen is smaller than premium wallets, which can potentially make transaction details harder to review.
The Trezor Model One is a reliable and time-tested device that still excels in its core function – keeping your Bitcoin Cash safe. If you want a solid hardware wallet without advanced features and value the Trezor brand’s reputation, the Model One is a viable choice.
5. Tangem Wallet: The ‘Crypto Credit Card’ for Maximum Portability
- Number of supported coins: Assets across 38 blockchain networks
- Devices access: Mobile (iOS, Android) via NFC tap
Tangem stands out with its innovative credit card-like form factor, designed to emphasize portability and ease of use. But is it the right choice for your BCH holdings?
Tangem is great for:
- Emphasis on portability
- Ease of use seekers
- Small to moderate holders
Features
- Ultra-Portable: Tangem’s card form is its defining feature. Easily slip it into a wallet for discreet everyday carry and access to some BCH while on the go.
- NFC Enabled: Tap your Tangem card on the back of a compatible smartphone to initiate transactions, adding to the convenience factor.
- Tamper-Proof: Tangem cards are designed to be highly durable and resistant to tampering attempts.
- Simple Setup: The Tangem app guides you through an effortless setup process, ideal for less tech-savvy users.
- Multi-Currency Support: Tangem supports a wide range of popular cryptocurrencies alongside BCH.
- Offline Private Keys: Your keys are generated and stored securely within the Tangem card itself, not on the app or any server.
- Optional Recovery Card: Tangem offers the option to create a secure backup card for additional protection.
Considerations
- Dependence on Mobile App: The Tangem app (available on Android and iOS) is essential for managing your BCH and other crypto on the card.
- No Seed Phrase: Tangem is a “seed phrase-less” wallet. So, you have to rely on the NFC cards to ensure assets are safe.
Tangem is compelling if you prioritize secure portability and a dead-simple user experience. The cards that come with this wallet have a lifespan of 25 years.
6. CoolWallet Pro: The Card-Shaped Hardware Wallet for Portability
- Number of supported coins: Varies, but a smaller curated selection compared to larger hardware wallets
- Devices access: Mobile (via CoolBitX app)
The CoolWallet Pro stands out with its unique credit card-like form factor, designed for convenient portability and discreet storage.
You can consider getting this wallet if you one of the following:
- Users prioritizing portability
- Active traders
- Smaller portfolio holders
Features
- Card Form Factor: This is the defining feature. The CoolWallet Pro easily fits in your wallet alongside cards. It’s ideal for keeping some BCH on hand while traveling or for regular transactions.
- Water and Tamper Resistant: The durable construction adds peace of mind for everyday carry.
- Bluetooth Connectivity: Connects via Bluetooth to your mobile device using the CoolBitX app, increasing flexibility for transactions compared to strictly wired wallets.
- E-ink Display: The small e-ink display provides essential transaction details and battery level indications.
- CoolBitX App: The CoolBitX mobile app is the hub for managing BCH and other supported cryptocurrencies, sending, receiving, and checking balances.
- Staking Functionality: Earn passive income with selected cryptocurrencies.
- In-App Marketplace: Allows direct crypto purchases and swaps within the app.
Considerations
- Limited Capacity: The slim form factor limits the number of supported cryptocurrencies compared to other hardware wallets.
- Battery Life: Requires periodic charging, unlike wired-only wallets. Some users cite battery life as a potential concern.
- Security vs. Convenience Trade-off: While secure, the Bluetooth connection carries slightly more risk than strictly offline hardware wallets.
If maximum portability and discreet BCH storage are paramount, the CoolWallet Pro is a compelling choice. Its form factor is truly unique.
7. Exodus Wallet: Simplicity and Multi-Currency Convenience for Your BCH
- Number of supported coins: 230+ (including Bitcoin Cash)
- Devices access: Desktop (Windows, macOS, Linux) and Mobile (iOS, Android)
Exodus is a popular multi-currency software wallet known for its user-friendly interface, built-in exchange, and support for a wide array of cryptocurrencies including BCH.
Exodus is best for:
- Beginners
- Multi-Coin holders
- Casual traders
Features
- Ease of Use: Exodus excels with its clean design and intuitive functionality. If you’re new to crypto or find technical aspects daunting, Exodus is a great starting point.
- Multi-Currency Support: It supports numerous cryptocurrencies alongside BCH, giving you flexibility within a single wallet.
- Built-in Exchange: Exodus features a built-in exchange powered by Shapeshift, allowing you to swap between supported cryptocurrencies without sending funds to an external exchange.
- 24/7 Customer Support: Exodus is known for its responsive support team, readily available to answer questions or resolve issues.
- Desktop & Mobile: Exodus is available for both desktop and mobile devices (iOS and Android), letting you manage your BCH on the go.
Considerations
- Hot Wallet Security: As a software wallet, Exodus is connected to the internet, making it slightly less secure than offline hardware wallets (cold storage). It’s best for smaller amounts of BCH rather than long-term holding of large sums.
- Limited Control: It lacks advanced features like customizable transaction fees, which might be important to experienced users.
- Partially Closed-Source: Some parts of Exodus’ code are not public. While widely used, some crypto enthusiasts prefer fully open-source wallets for complete transparency.
Exodus is a good choice if you value a user-friendly experience and multi-currency management.
8. Atomic Wallet: Versatility and Features for Your Bitcoin Cash
- Number of supported coins: 500+ (including Bitcoin Cash)
- Devices access: Desktop (Windows, macOS, Linux varieties ), Mobile (Android, iOS)
Atomic Wallet is a popular multicurrency software wallet known for its massive selection of supported cryptocurrencies, integrated exchange features, and staking options.
- Diverse portfolio holders
- Active investors
- Users seeking rewards
Features
- Vast Coin Support: Atomic Wallet stands out with support for hundreds of cryptocurrencies including BCH. This makes it ideal if you have holdings across a diverse range of tokens.
- Atomic Swaps: The wallet features decentralized ‘atomic swaps’ for exchanging supported assets directly within the wallet without the need for external exchanges.
- Staking: Earn rewards on select cryptocurrencies by staking them directly from your Atomic Wallet.
- Built-in Exchange: Conveniently buy cryptocurrencies within the wallet using your credit/debit card.
- Desktop & Mobile Apps: Access your BCH and other assets on desktop (Windows, macOS, Linux varieties) and mobile devices (Android and iOS).
- User-Friendly Interface: While offering many features, Atomic Wallet remains relatively easy to navigate for both beginners and more experienced users.
Considerations
- Hot Wallet Security: As with any software wallet, Atomic is directly connected to the internet, making it somewhat less secure than offline hardware wallet options.
- Potential Complexity: The sheer number of features and supported cryptocurrencies can feel overwhelming for some users seeking absolute simplicity.
If you want a wallet that handles a multitude of cryptocurrencies (including BCH), and you appreciate features like staking and atomic swaps, then Atomic Wallet is a solid choice.
9. Electron Cash: A Lightweight, BCH-Focused Wallet
- Number of supported coins: 1 (Bitcoin Cash only)
- Devices access: Desktop (Windows, macOS, Linux)
Electron Cash is a Bitcoin Cash-specific software wallet descended from the popular Electrum wallet. It prioritizes simplicity and speed for your BCH storage and transactions.
Electron Cash is best for:
- BCH-Focused Holders
- Speed seekers
- Moderately tech-savvy users
Features
- BCH Focus: Being designed specifically for Bitcoin Cash means it excels at handling BCH transactions and offers tailored features.
- Lightweight and Fast: Electron Cash uses SPV (Simplified Payment Verification) technology to sync quickly with the BCH blockchain, reducing wait times and system resource requirements.
- Open-Source: The wallet’s transparent code gives tech-savvy users peace of mind and allows for easier auditing by the community.
- Advanced Features: It offers some options power-users might appreciate, like customizable transaction fees and coin control.
- Simple Interface: While not the most visually striking, the interface is functional and emphasizes core BCH transaction capabilities.
- Seed Recovery: Securely backup and restore your wallet using your recovery seed.
- Multiple Wallet Options: Create different wallets within Electron Cash for better organization.
Considerations
- BCH-Exclusive: If you require support for multiple cryptocurrencies, Electron Cash is not the right choice.
- Steeper Learning Curve: While not overly complex, Electron Cash might feel less intuitive for absolute beginners compared to ultra-simplified wallets.
- Limited Support: Electron Cash is primarily community-driven, so support channels may be less robust than commercial wallet providers.
If you want a fast, reliable, and no-frills wallet dedicated to Bitcoin Cash, Electron Cash is a worthwhile choice.
10. Guarda Wallet: Multi-Asset Management and User-Friendly Features
- Number of supported coins: A wide variety (400+, including Bitcoin Cash)
- Devices access: Web, Desktop (Windows, macOS, Linux), Mobile (iOS, Android), Browser Extension (Chrome).
Guarda is a versatile, non-custodial cryptocurrency wallet offering a wide range of features and support for many popular coins, including BCH. It’s available in various formats, including web, desktop, mobile, and even a browser extension.
Best for:
- Beginners and casual users
- Diverse portfolio holders
- Those wanting convenience
Features
- Multi-Currency Support: Besides BCH, Guarda supports a vast selection of cryptocurrencies, providing a one-stop-shop for diverse portfolios.
- Ease of Use: Guarda’s interface is intuitive and beginner-friendly, making crypto management less intimidating.
- Variety of Platforms: Choose your preferred access method with web, desktop (Windows, macOS, Linux), mobile (iOS, Android), and browser extension versions.
- Built-in Exchange and Purchases: Buy cryptocurrencies directly within the wallet or swap them for BCH or other supported assets.
- Staking: Earn passive rewards on selected cryptocurrencies.
- Ledger Integration: Combine the security of your Ledger hardware wallet with the versatility of Guarda for advanced management options.
- Secure Backup: Guarda emphasizes secure backup practices to ensure the protection of your BCH and other digital assets.
- Responsive Support: Their customer support team has a reputation for being helpful and accessible.
Considerations
- Hot Wallet Security: As with any software (hot) wallet, Guarda has slightly greater risks than hardware (cold) wallets due to its internet connectivity.
- Occasional Limitations: Certain features may be temporarily unavailable for specific cryptocurrencies depending on upgrades or network conditions.
Guarda Wallet is a solid option if you value ease of use, want a multi-currency wallet, and appreciate features like staking and in-app purchases.
11. Edge Wallet: Privacy-Focused and Sleek Mobile Experience
- Number of supported coins: A moderate selection with new additions over time (including Bitcoin Cash)
- Devices access: Mobile (iOS, Android)
Edge is a mobile-focused cryptocurrency wallet known for its emphasis on security, user privacy, and a streamlined interface. It’s available for both iOS and Android devices.
Ideal for the following users:
- Privacy-minded users
- Mobile-centric holders
- Casual traders
Features
- Privacy-Centric: Edge does not collect extensive user data and allows for transactions without extensive Know-Your-Customer (KYC) requirements.
- User-Friendly Design: The wallet features a clean and intuitive interface, making it a good choice for both beginners and more experienced users.
- Multi-Currency Support: Edge offers storage for a range of cryptocurrencies alongside your BCH holdings.
- Integrated Exchange: Seamlessly buy, sell, and trade supported cryptocurrencies within the Edge app.
- Ease of Use: Edge focuses on simplifying crypto management in a mobile-friendly format.
- Security Features: Fingerprint and PIN protection to safeguard access to your wallet and BCH.
- Hierarchical Deterministic (HD) Wallet: This technology offers enhanced backup and simplified management of your keys.
Considerations
- Mobile-Only: Edge is currently limited to mobile devices (Android and iOS). This might not suit those seeking a desktop wallet experience.
- Limited Advanced Options: Power users seeking granular control over transaction fees or other deeper features may find Edge lacking.
If security, privacy, and a mobile-optimized experience are your top priorities, Edge is a strong contender.
12. Trust Wallet: Binance-Backed and Multi-Chain for your BCH
- Number of supported coins: 10,000+ (including Bitcoin Cash)
- Devices access: Mobile (iOS, Android)
Trust Wallet is a popular mobile software wallet backed by Binance, the world’s largest cryptocurrency exchange. It’s known for simplicity, multi-currency support, and integration with decentralized applications (dApps).
Trust Wallet is ideal for:
- Mobile crypto users
- Multi-coin holders
- dApp explorers
Features
- Ease of Use: Trust Wallet boasts a user-friendly interface, making it a good choice for beginners.
- Wide Coin Support: Manage BCH alongside many other popular cryptocurrencies and tokens.
- dApp Browser: Interact with dApps on various blockchains directly within the wallet, potentially opening up opportunities in decentralized finance (DeFi).
- Staking: Earn rewards on select cryptocurrencies by staking them within the Trust Wallet app.
- Binance Integration: Potential benefits and features may arise from the backing of a major exchange.
- Mobile-First: Trust Wallet is designed for iOS and Android devices, emphasizing on-the-go management.
- NFT Support: Store and display your NFTs alongside your cryptocurrency in one place.
- Built-In Exchange: Swap between supported cryptocurrencies seamlessly within the wallet.
Considerations
- Hot Wallet Security: As a software wallet, Trust Wallet offers slightly less security than hardware wallets due to its internet connection.
- Limited Advanced Features: Power users may find advanced functions, like customizable transaction fees, lacking.
- Centralized Backing: Some users prefer wallets without strong ties to a major centralized exchange.
Trust Wallet is a solid contender if you value ease of use, multi-currency features, and potential dApp interactions. However, if top-tier security is your absolute priority for large BCH holdings, a dedicated hardware wallet remains the safest option.
13. Coinomi: Established Multi-Currency Veteran
- Number of supported coins: 1770+ coins and tokens (including Bitcoin Cash)
- Devices access: Desktop (Windows, macOS, Linux), Mobile (iOS, Android)
Coinomi is a longstanding software wallet available on desktop and mobile platforms, renowned for its support of a vast array of cryptocurrencies and tokens.
Coinomi is ideal for:
- Massive portfolio holders
- Active traders
- Experienced users
Features
- Massive Cryptocurrency Support: Coinomi stands out with its support for over a thousand different coins and tokens, including BCH. Excellent for diverse portfolios.
- Established Reputation: Coinomi has been around since 2014, giving it a long track record in the often-unpredictable world of cryptocurrency.
- Integrated Exchange Options: Features built-in exchanges powered by ShapeShift and Changelly, allowing you to swap between supported assets directly within the wallet.
- SegWit Support: This translates to the potential for lower transaction fees when dealing with compatible BCH addresses.
- Desktop & Mobile Apps: Coinomi is available on Windows, macOS, Linux, Android, and iOS, providing good platform coverage.
- Cross-Chain Support: The wallet offers support for numerous popular blockchains.
- Staking Functionality: Earn rewards by staking certain supported cryptocurrencies within the Coinomi wallet.
Considerations
- Hot Wallet Security: As with all software wallets, Coinomi carries slightly higher risks than hardware wallets due to its internet connectivity.
- No Longer Open-Source: Coinomi used to be open-source, but this is no longer the case, raising concerns for some transparency-minded users.
- Occasional UI Complexities: The abundance of features can make the interface feel slightly overwhelming for newcomers seeking absolute simplicity.
If you prioritize having a huge selection of cryptocurrencies at your fingertips in one wallet, Coinomi is a strong contender.
14. Paybis Wallet: Hybrid On-Chain BCH Wallet
- Number of supported coins: 100+
- Devices access: Mobile (iOS and Android), and Web
The Paybis Wallet is a hybrid solution directly integrated with the Paybis cryptocurrency exchange. Its custodial elements offer convenience, while on-chain elements provide some of the security benefits of the Bitcoin Cash blockchain.
It is a great wallet for:
- Frequent Paybis users
- Beginners seeking convenience
- Users who don’t want to worry about security
Features
- Seamless Exchange Integration: Easily purchase BCH with various payment methods on the Paybis exchange and store it directly in the wallet.
- Quick Exchange Transfers: Seamlessly move BCH between your wallet and the exchange for buying, selling, or trading.
- User-Friendly Interface: The wallet emphasizes convenience and ease of use, ideal for those familiar with the Paybis platform.
- Balance & Transaction History: Track your BCH balance and past transactions.
- Sending & Receiving BCH: Manage basic sending and receiving of Bitcoin Cash.
Considerations
- Hybrid Custodial/On-Chain: Paybis holds some control of your private keys for convenience, but transactions ultimately settle on the Bitcoin Cash blockchain.
- Limited Features: Designed for simplicity rather than advanced settings or features.
The Paybis Wallet is worth considering if you frequently interact with the Paybis exchange and prioritize ease of use.
FAQ
What is the difference between Bitcoin Cash and Bitcoin?
Bitcoin Cash is a fork from the original Bitcoin (BTC). It resides on an entirely different Blockchain and aims to remedy some of Bitcoin’s shortcomings.
For example, unlike Bitcoin, Bitcoin Cash’s technology allows for an increase in the number of blocks. This works in its favor as it provides better scaling of the network when the number of users inevitably increases.
More info here.
What is a Bitcoin Cash private key?
The BCH private key is a code comprised of 64 characters, which helps users access their BCH on the blockchain. You should always keep this key private.
What is a Bitcoin Cash public address?
The public address is a code that you can use when receiving BTC or requesting payments in the same cryptocurrency.
What is a seed phrase?
The seed phrase is a sequence of 12 to 20 words that stores all the information needed to recover your private key. Most wallet software generates one upon creation of the keys, and you need to note it down on a piece of paper so you can recover your wallet in case of a loss.
What is the safest way to store Bitcoin Cash?
Most people consider hardware wallets the safest way to store your cryptocurrencies. Alternatively, you can choose Paybis Wallet — it has never been hacked and all transactions are on-chain.
I sent Bitcoin to my Bitcoin Cash wallet. Why can’t I see them?
Unfortunately, BTC and BCH do not share the same blockchain, although they have the same key format.
This means that a BCH wallet can only receive BCH coins.
Always make sure you are sending your coins in the right type of wallet, and double-check for errors, as transactions are irreversible. This makes it impossible to recover coins sent to the wrong addresses.
Disclaimer: Don’t invest unless you’re prepared to lose all the money you invest. This is a high‑risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more at: https://go.payb.is/FCA-Info
I am always confused between bitcoin and bitcoin cash but you explained very well in this blog. It clears my confusion. Thank you
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