{"id":225777,"date":"2019-05-11T11:50:54","date_gmt":"2019-05-11T15:50:54","guid":{"rendered":"http:\/\/insidebitcoins.com\/?page_id=225777"},"modified":"2020-08-12T08:13:44","modified_gmt":"2020-08-12T08:13:44","slug":"bitcoin-cash-wallets","status":"publish","type":"page","link":"https:\/\/insidebitcoins.com\/bitcoin-cash-wallets","title":{"rendered":"How to Open a Bitcoin Cash Wallet in 5 Minutes \u2013 Best Bitcoin Cash Wallets 2019"},"content":{"rendered":"
Since its inception, Bitcoin Cash has maintained a stable user base, remaining in the top 10 category of cryptocurrencies by market cap. As a result, it has always been a favourite for crypto investors new and old alike.<\/p>\n
Whether you have been around for a while or are new to the game, you might want to find out which wallet would be the best choice for storing and transacting in this coin. As a major coin, it has the support of countless platforms, but of course, not all are equal.<\/p>\n
Depending on your preferences and needs, you need to find the wallet that will work best for you. In this guide, we will help you do precisely that by assessing the various options available for Bitcoin Cash out there.<\/p>\n\n \n
Quick Guide: Create a Bitcoin Cash Wallet in 5 Minutes<\/strong> <\/span>\n<\/p> <\/p> Buy Bitcoin Cash<\/span><\/a>\n<\/p> Bitcoin Cash is an offshoot of the Bitcoin Blockchain, which came into existence in August 2017, following a hard fork of the main chain. Before you can start using Bitcoin Cash, you need to find a way to store it, and that is the role of a Bitcoin Cash wallet<\/p>\n Everyone who owns Bitcoin Cash uses a digital Bitcoin Cash wallet to keep track of it. Cryptocurrency wallets can be used to:<\/strong><\/p>\n Each Bitcoin Cash and cryptocurrency uses blockchain technology to complete transactions. However, crypto wallets cannot:<\/strong><\/p>\n Your Bitcoin Cash wallet essentially holds your BCH private keys which provide access to your funds and the public key, using which you can receive payments.<\/p>\n<\/div><\/div><\/div>\n For more than a year now, Binance has held an indisputable lead in terms of trading volumes. As the most used platform globally, it currently handles over $940,000 in trading volume every 24 hours.<\/p>\n Though it was initially launched in China, it later shifted its headquarters to Hong Kong and Singapore due to regulatory pressure. Afterwards, it set up an office in Malta, but still maintains a presence in many countries.<\/p>\n Here is what you need to do to open a Binance account and set up your Bitcoin Cash exchange wallet:<\/p>\n Step 1 – Create Your Binance Account<\/strong>.<\/p>\n To create a Binance account, you simply need your email address and password.<\/p>\n Once you provide these, Binance will send you an email. Open and click the link to get into your account.<\/p>\n To access full site functionality, submit more of your details. Only then can you trade Bitcoin Cash and use the Binance Bitcoin Cash Exchange wallet.<\/p>\n Note: You can’t buy Bitcoin Cash with fiat money (like USD) on Binance.<\/strong><\/p>\n Step 2 – Go to “Funds” > “Balances”<\/strong><\/p>\n The exchange organizes all of your account wallets here. Any time you buy coins, they will reflect in one of these wallets.<\/p>\n Those wallets that have funds will be at the top while the rest will appear below them. To send Bitcoin Cash to your BCH wallet address, click “Deposit.” Then you can trade BCH with the other coins on the wallet.<\/p>\n<\/div><\/div><\/div>\n For those who are just starting out in crypto as well as more seasoned players, Coinbase is an all-time favourite platform. It is wallet, exchange and crypto brokerage site, and to top it all up, it accepts fiat payments for crypto purchases.<\/p>\n You can therefore use a credit card, debit card or bank transfer to but BCH on Coinbase. As one of the biggest exchanges globally, it is a top target for malicious actors. But it only stores 2% of its funds in hot wallets and all its funds are insured.<\/p>\n Moreover, it is quite easy to create your own account. Here is what you need to do:<\/p>\n Step 1: Create Your Coinbase Account<\/strong>.<\/p>\n Go to Coinbase.com. and sign up for an “individual” account.<\/p>\n Enter your name, email address and create a strong password for the account.<\/p>\n In your inbox, find the email from Coinbase and then click the link to navigate to your new account.<\/p>\n <\/p>\n Step 2: Find Your Bitcoin Cash Wallet<\/strong>.<\/p>\n When you click “wallets” you’ll be able to view your Bitcoin Cash wallet. Click the wallet to view your address.<\/p>\n You can now send Bitcoin Cash to this wallet, and in future, anytime you buy more BCH coins, they will reflect here.<\/p>\n<\/div><\/div><\/div>\n Unlike the previous two exchange wallets, Exodus is a software wallet for your desktop. Founded in 2016, it is considered a relatively new entrant in the market. But to make up for its late arrival, the wallet is full of personalization features.<\/p>\n One of its unique design aspects is the fact that it is the first desktop wallet that has integrated ShapeShift. As a desktop wallet, it stores your digital assets directly on your PC. It is compatible with Windows, Linux and Mac OS.<\/p>\n To download and set up this wallet, follow these steps:<\/p>\n Step 1: Download Exodus<\/strong>.<\/p>\n First, you will need to download the wallet to your desktop and then follow the instructions on the screen to install.<\/p>\n Step 2: Open Your Exodus Bitcoin Cash Wallet<\/strong>.<\/span><\/p>\n On opening the wallet, you will see a big variety of supported coins. Click on “wallet” to the left of your screen. This will allow you to see all wallets including Bitcoin Cash. Click on it to view the balance and wallet address.<\/p>\n<\/div><\/div><\/div>\n The Infinito Wallet is a multi-currency wallet for every crypto in your portfolio. It can hold Ethereum, Bitcoin, and many dozens more. We like Infinito’s intuitive design and attractive appearance. Read on to find out how to get your own.<\/p>\n Step 1: Download Infinito Wallet<\/strong><\/p>\n Start by downloading the app from the official site and then install it on your mobile device.<\/p>\n Step 2: Go to the Bitcoin Cash Wallet already within Infinito<\/strong><\/p>\n Once you open the wallet, your Bitcoin Cash wallet will already be active. You can immediately start sending, receiving and storing your coins.<\/p>\n<\/div><\/div><\/div>\n Blockchain.com, more popularly known by its former name, Blockchain.info, is another popular wallet. It has a long-standing history in the crypto industry, having been in existence since 2011. Founded by a Luxembourg company, the wallet has a focus on simplicity and is accessible both online and via a mobile device app.<\/p>\n To open this multicurrency wallet, follow these steps:<\/p>\n Step 1: Create a Blockchain.com Wallet<\/strong><\/p>\n Go to Blockchain.com and click “wallet” to create a new wallet. Enter your email address and password. Check your email inbox for a message from the site and click on the link to access your account.<\/p>\n Step 2: Find Your Ethereum Wallet Inside Blockchain.com<\/strong>.<\/p>\n To find your Bitcoin Cash wallet, click “wallet” and then select “Bitcoin Cash” to view your wallet address and account balance. The highlight of this account is that you can access it from any PC or mobile device using your email address and password.<\/p>\n<\/div><\/div><\/div>\n For Bitcoin Cash users in the UK, one of the best wallets has got to be Coinbase.<\/a><\/p>\n What makes it our favourite is the fact that it is one of a handful of regulated wallets.<\/p>\n In the UK, it falls under the purview of the FCA as well as the European regulator, MiFID. It has been in existence longer than most others and in that time, has built a solid reputation.<\/p>\n In the early days of crypto, it only supported digital asset trading using CFDs but it has recently introduced actual crypto asset trading. It supports most of the top coins and offers trading and exchange support services as well.<\/p>\n We give this platform our full recommendation.<\/p>\n<\/div>\n Coinbase is also available in the US and Canada, after having focused on the UK market for most of its existence. As is the case with its UK arm, the US company also operates under regulatory oversight. It is licensed by FinCEN among other regulators.<\/p>\n Additionally, the platform is flexible enough to offer both new and seasoned users a great user experience. For traders in particular, the site is remarkable as it incorporates innovative features like copy trading and copy portfolio which are not on other platforms.<\/p>\n<\/div>\n It has a strong security system based on proprietary algorithms as well as other popular features such as hierarchical deterministic (HD) algorithms, two-factor authentication and others.<\/p>\n Notably, Binance is one of the most popular Bitcoin Cash wallet solutions in New Zealand and Australia. However, it is not wise to keep your funds on an exchange for long-term storage. You can however use it for trading BCH with other available pairs.<\/p>\n<\/div><\/div><\/div>\n As you might have noticed by now, there are many types of wallets for Bitcoin Cash, each of which has its own unique features, strengths and weaknesses. Let us familiarize ourselves with these terms so as to make the most appropriate choice to suit individual needs:<\/p>\n Digital asset exchange platforms offer their users wallets where they can store their Bitcoin Cash after purchase. While this might be the most convenient form of storage for Bitcoin Cash, it is also the least secure as your funds are online. Use this provision for short-term storage to avoid losing funds to hackers. Here are some exchange wallets that support BCH.<\/p>\n Here are our favorite Bitcoin Cash exchange wallets:<\/strong><\/p>\n These are often considered the safest wallets for your BCH holdings as they are almost always offline. They come in the form of portable devices which you can plug in and out of your PC or mobile device to transact in crypto. <\/span><\/p>\n All hardware wallets for BCH purchased from the authentic manufacturers are reliable. But they differ significantly in price and features. <\/span><\/p>\n Here are some good examples of Bitcoin Cash hardware wallets:<\/strong><\/p>\n\n
75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.<\/h6>\n<\/div><\/div>\n<\/div><\/div>
Find in This Article<\/h3>\n
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What is a Bitcoin Cash Wallet?<\/h2>\n
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<\/p>\n Create a Bitcoin Cash Wallet<\/span><\/a>\n<\/div><\/div><\/div>\n
Best Bitcoin Cash Wallet Providers<\/strong><\/h2>\n
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Best Bitcoin Cash Wallets in Your Country<\/h2>\n
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Differences Between Exchange, Hardware and Software Crypto Wallets<\/h2>\n
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Exchange Wallets<\/strong><\/h3>\n
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Hardware Wallets<\/strong><\/h3>\n
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