Good Bitcoin Cash Wallet

Posted : admin On 11.03.2021

Two-factor authentication (2FA) is a way to add additional security to your wallet. The first 'factor' is your password for your wallet. The second 'factor' is a verification code retrieved via text message or from an app on a mobile device. 2FA is conceptually similar to a security token device that banks in some countries require for online banking. Feb 18, 2021 Bitcoin (BTC), the best-known cryptocurrency on the market, recently reached all-time highs of more than $52,000 per coin. Meanwhile, even a relatively unknown cryptocurrency like Dogecoin is. Jan 16, 2021 Mycelium is an open-source and mobile-only Bitcoin wallet. Mycelium currently only supports Bitcoin, ETH, ERC-20 tokens, and FIO token. In some ways, Mycelium is quite similar to the Electrum.

Last updated March 1, 2021

Desktop wallets are a great option for anyone sending frequent Bitcoin payments from their computer.

In this post we will cover some of the best bitcoin desktop wallets and help you decide which is right for you.

Heads Up!

Large amounts of bitcoins should not be stored on your computer! If you want the most secure Bitcoin wallet then you will need to use a hardware wallet like the Ledger Nano X or TREZOR T.

You should always do research before downloading or installing any Bitcoin wallet.

Wasabi wallet is a desktop (as well as mobile) wallet designed around maintaining privacy through advanced features such as coinjoin and tor routing.

Supported Platforms: MacOS, Linux, Windows

  • Full Segwit suport
  • Coinjoin functionality
  • All traffic routed throug Tor
  • Connect to full node
  • Works with Ledger, Trezor and Coldcard hardware wallets
  • Advanced features make this not a beginner wallet

Blockstream Green is one of the most unqique and secure desktop wallets on the market. It uses a 2-of-2 style backup so if you ever lose your backup, you can use any two factor authentication to recover it. It's also super simple to set up and requires no registration other than an email address. You can even store your Liquid assets on Blockstream green now.

Supported Platforms: MacOS, Linux, Windows, iOS, Android, F-droid

  • Easy to set up
  • Excellent fee estimation
  • Two-Factor multi-sig
  • Multilingual
  • Great support
  • Some features are advanced for beginners
  • Using two-factor recovery can be confusing
  • Only Android version works with hardware wallets right now

Ledger Live is a little bit different than all the other desktop wallets on this list. That's because you actually need a Ledger hardware wallet for it to work. This makes it by far the most secure desktop wallet on this list, but it also means that using it isn't exactly 'free'.

Supported Platforms: Windows, MacOS, iOS, Android, Linux

  • Most secure
  • Great UI
  • Easy to use
  • All crypto in one dashboard
  • Compatible with Ledger Hardware Wallets
  • Must buy a Ledger hardware wallet to use
  • Confirming transactions can be confusing for new users

Bitcoin

is another old and tested Bitcoin wallet for all desktop platforms. It is definitely more for an advanced users, so beginners might find using the wallet a little confusing. However, the advanced features and security options make it a great choice for the more experienced Bitcoiner.

Supported Platforms: MacOS, Ubuntu, Windows, Rasberry Pie

  • Old and trusted
  • Advanced fee settings
  • No signup required
  • Works with Ledger and Trezor
  • Ugly user interface
  • Advanced features can be difficult for beginners.

Electrum is one of the oldest and most trusted Bitcoin wallets on the market. It also sports advanced features for privacy and fee settings.

Supported Platforms: MacOS, Linux, Windows, Android, Python


WARNING

There are a lot of fake versions of Electrum out there. Make sure you verify you are installing the real Electrum by verifying electrums GPG signatures. See guides for how to do that on Windows and MacOS.


  • Connect to full node
  • Compatible with most hardware wallets
  • One of the oldest Bitcoin wallets
  • Works with Ledger, Trezor, Keepkey, Bitbox, Coldcard
  • More advanced wallet not ideal for beginners
  • iOS version widely considered inferior to Android version
  • Traditional stock dashboard may distract from crypto-only holders

Bitcoin Core is a Bitcoin full node wallet, meaning it downloads the entire Bitcoin blockchain. It is the most private Bitcoin wallet although it takes patience and quite some time to setup. You also need a reliable internet connection, as well plenty of badwidth and hard drive space.

Supported Platforms: MacOS, Linux, Windows

  • Full node required
  • Great for Bitcoiners with no other coins
  • Compatible with most hardware wallets
  • Developed by some of the best devs in the crypto
  • Works with Ledger, Trezor, Keepkey, Bitbox, Coldcard
  • Bitcoin Only - no altocins supported
  • Basic wallet with limited features

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Chapter 1

How to Add Funds to Your Desktop Wallet


Now that you have chosen a wallet, let's transfer some funds into it.

In this brief walkthrough, we will show you how to add funds to your desktop wallet


For you to add funds to your desktop wallet, you will need to buy some cryptocurrency from an exchange and transfer it to your desktop wallet. Most Desktop wallets do not have exchanges native to it.

You’ll need to choose an exchange that services your country and/or state. The best place to do that is to go to our exchange finder or you can see the most popular exchanges below:

  • eToro
    • Start trading fast; high limits
    • Easy way for newcomers to get bitcoins
    • Your capital is at risk.
  • Coinbase
    • High liquidity and buying limits
    • Easy way for newcomers to get bitcoins
    • 'Instant Buy' option available with debit card

After you have bought your crypto, you’ll need to send it to your wallet. To do that, do the following:

1. Open your wallet and find an option to “receive”


2. Copy the address given


3. On your exchange where you bought your coins, select the “send” option.


Good Bitcoin Cash Wallet Bonus

4. There should be a field to input your wallet address copied in step 2. Paste it there.


5. Confirm you want to send your coins.

After that, you should receive a confirmation with a transaction ID of some kind. Here is what that might look like.

What a transcation ID looks like (the number starting with '804')


Chapter 2

Hardware Wallets: A Great Addition to Desktop Wallets


With funds in your desktop wallet, its time to take your security to the next level.

The best way to do that is with a hardware wallet like a ledger or trezor


Desktop wallets have the advantage of being free and easy to use. However, using a desktop wallet also poses many dangers to your coins.

Making sure your coins are not stolen through malware or ransomware is difficult to avoid on a desktop wallet.

Malware and Ransomware on your computer can result in stolen coins

This is where hardware wallets come in. Hardware wallets are never connected to the internet. They store the private keys and sign transactions you send to them. You verify the transaction on the screen of the hardware wallet, and hand off the signed transaction back to interface on your desktop or mobile phone.

Hardware wallets are a great way, then, to keep your coins safe if you want to use a desktop wallet. Instead of housing the coins on the desktop computer, you store them on the hardware wallet and the desktop just acts as your UI to control the hardware wallet.

You can learn more about each of the hardware wallets we recommend below:

COMPARISON

Ledger Nano X

  • SCREEN:
  • RELEASED: 2019
  • PRICE: $119

Ledger Nano S

  • SCREEN:
  • RELEASED: 2016
  • PRICE: $59

TREZOR T

  • SCREEN:
  • RELEASED: 2018
  • PRICE: $159

TREZOR One

  • SCREEN:
  • RELEASED: 2013
  • PRICE: $59


Chapter 3

Security Tips for Desktop Wallets


Now that we've got our desktop wallet set up with a hardware wallet, let's explore a few additional points on security.

PINs, VPNs, and Steel wallets are great additions to our security stack.



Always set up a PIN to protect your funds

Make sure your desktop wallet is protected by a 4 to 6 digit PIN number. Much your like bank account, most wallets have a PIN password that is the absolutel minimum when it comes to protecting funds you keep on your wallet. This prevents someone who has your phone from accessing the coins and sending them to another wallet that they own.

Setting up a PIN is a minimal requirement when it comes to mobile wallet security.

A PIN is not very strong security, but its good enough to prevent most people who have temporary access to your unlocked phone from taking your money.

Store your recovery phrase on something that is water and fire proof

Cash

All the desktop wallets on this list support BIP39 seed words, otherwise known as ‘recovery phrases’. If your phone is lost, destroyed, or stolen, you can use this phrase to recover your funds to a new device.

However, most people write down these words on a piece of paper. When their home catches fire or is flooded, they lose the device and the backup to the elements. You should therefore consider a steel backup device like the PrivacyPros Billfodl or Cryptosteel.

The Billfodl protects your funds from fire and flood.

DO NOT store a lot of coins on your desktop wallet

We’ve mentioned this before, but its worth repeating: you should treat your desktop wallet the same way you treat your real world wallet or billfold. You wouldnt carry every dollar you own in your pocket. You should also not hold all your coins on your desktop wallet. You need to store them on a hardware wallet.

Use a VPN when transacting on an desktop wallet

When making Bitcoin transactions on your desktop wallet, it is a good practice to use a VPN. This prevents your ISP or hackers listening in on your connection from tying your IP address (and therefore your personal identity) to your Bitcoin transactions. It’s a good privacy practice that is cheap and easy to implement.

  • VPN
  • NordVPN
    • Special support for Malaysia, Nigeria, Singapore, South Africa
    • SEPA & credit card supported
    • Trusted exchange
  • Surfshark
    • Users claim fast speed from wide range of servers all around the world
    • Compatible with nearly any OS
  • ExpressVPN
    • Allows for Netflix
    • Users claim fast speed
    • Has apps for nearly any platform


Chapter 4

Frequently Asked Questions


Below are some of our most asked questions by readers.

If you're wondering about a topic on this page, odds are we have the answer here.


When should I use a desktop Bitcoin wallet?

If you’re on your computer a lot and don’t need super secure storage, a desktop wallet is a good choice.

Do desktop wallets work with hardware wallets?

Yes, many desktop wallets allow the user to utilize a hardware wallet as the signer of transactions. This means that the private key is not help on the computer the desktop wallet is isntalled on.

Instead, the private key is held on a hardware wallet, and the ddesktop wallet is used as an interface for the hardware wallet. The desktop wallets sends transaction data to the hardware wallet to sign off on. If you’ve ever used Ledger Live, this is essentially how it works as well.


Ledger's Desktop wallet manager application, Ledger Live

Can I store large amounts of bitcoins in a desktop wallet?

You can, but this isn’t recommended.

If you want to use a desktop wallet but need to store large amounts of Bitcoin, its best to utilize a hardware wallet to sign transactions for the desktop wallet (as mentioned above).

KeepKey, TREZOR, and Ledger Nano X all work with Electrum. TREZOR One and Model T and the Ledger Nano S and X all work with Copay.

The copay app settings for adding a hardware wallet for multisig

Setup is very easy and you can have your hardware wallet securely signing transactions via your desktop wallet in just a few minutes.


Best Bitcoin Cash Wallet Reddit

What’s the difference between a desktop wallet and a web wallet?

Web wallets are more like accounts. A web wallet makes you set a passwords which it uses to encrypt your wallet on the web wallet server.

Desktop wallets are actual apps that are installed on your computer.


Are desktop wallets free?

Yes, all desktop wallets are free. Hardware wallets are the only type of wallet that costs money.


If someone has access to my computer can they access my bitcoins?

It depends. Many desktop wallets encrypt your private keys and request a password to decrypt it every time you open the wallet. This means that you need to enter a password in order to send bitcoins from most desktop wallets.


How do I backup my desktop wallet?

Most wallets generate a seed on setup. You write this seed down on a piece of paper and it can be used to restore your wallet if you lose your computer of have it stolen.


Can I use more than one desktop wallet at a time?

Yes, of course. We suggest trying many different desktop wallets and then deciding which one has the features you need.


What is the difference between Blockstream Green and Aqua?

While both of these Bitcoin and Liquid wallets are made by Blockstream, only Blockstream Green is available for desktop. Aqua is only available as a mobile wallet. The other difference is that Blockstream green uses a 2-of-2 multisig to protect your coins from hackers. Aqua is a single signature wallet, meaning anyone with access to your phone (either physcially or remotely) could steal your coins. In exchange for the increased risk, the wallet is easier to use.

Aqua is new, and if you have an iOS device, it can be a great addition to Blockstream Green Desktop. Take a closer look at it its features and look in the video below:



Does Blockstream Jade work with Blockstream Green Desktop?

Yes, you can now use the Blockstream Green app on your desktop to set up your wallet on your Blockstream Jade hardware wallet!


Close

01.The Best Bitcoin Cash Wallets

Let’s talk about what I consider to be the best Bitcoin Cash wallets currently in this section. Below I have made a table with them and listing all of their features and characteristics to help you make your decision. As you can see there are not many wallets that I think should be considered the best, just six. Make sure to check out their reviews that are also linked as you can find detailed information there.

TypeNameCompatibilitySupported CoinsFeaturesGet Wallet
Desktop WalletsFull Bitcoin ABC Review
  • Windows
  • Linux
  • Mac

BCH Only

– HD Wallet

– Custom Fees

– Block Production

Download
Full Exodus Review
  • Windows
  • Linux
  • Mac
  • Google Play
  • App Store

25 Coins

79 Tokens

– Built-in Exchange

– HD Wallet

– SegWit Support

Download
Hardware WalletsFull Ledger Nano S Review
  • Windows
  • Linux
  • Mac
  • Google Play
  • App Store

80+ Coins

1100+ Tokens

– HD Wallet

– SegWit Support

– Open source

See Pricing
Full Trezor One Review
  • Windows
  • Linux
  • Mac
  • Google Play

50+ Coins

1000+ Tokens

– HD Wallet

– Offline Storage

– Third Party wallets and Service Integration

See Pricing
Mobile WalletsFull Edge Review
  • App Store
  • Google Play

20+ Coins

1000+ Tokens

– Built-in Exchange

– SegWit support

– Node Selection

Download
Full Jaxx Liberty Review
  • Google Play
  • App Store
  • Windows
  • Linux
  • Mac

18 Coins

42 Tokens

– Built-In Exchange

– HD Wallet

Download
Web WalletsFull Blockchain Review
  • Chrome
  • Mozilla
  • Safari
  • Opera
  • IE
  • App Store

4 Coins

1 Token

– Built-in Exchange

– HD Wallet

– Fiat Gateway

Visit Website
Full Guarda Review
  • Chrome
  • Mozilla
  • Windows
  • Linux
  • Mac
  • App Store

40+ Coins

1000+ Tokens

– Built-in Exchange

– Fiat Gateway

– Built-in Asset Swap

Visit Website

Complete List of Bitcoin Cash Wallets

In case that you did not like any of the wallets listed in the previous section as the best, fret not. Below I would like to give you a complete list of all wallets available worldwide that can support the BCH coin. These alternative to the best wallets, have a lot of features that are either unique to them or share between many of them. Again, if it is necessary, you can check out their full reviews and obtain more information that will help you with your choice.

NameTypeCompatibilitySupported coinsSecurityKey Features
Bitcoin ABC Desktop
  • Windows
  • Linux
  • Mac

BCH Only

Passphrase

– HD Wallet

– Custom Fees

– Block Production

Abra Mobile
  • App Store
  • Google Play

20+ Coins

6 Tokens

Pin

– Built-in Exchange

– Fiat Gateway

Atomic Desktop, Mobile
  • Windows
  • Linux
  • Mac
  • App Store
  • Google Play

30+ Coins

1000+ Tokens

Passphrase

– HD Wallet

– Atomic Swap

– Fiat Gateway

BTC.com Mobile, Web
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Chrome

2 Coins

Passphrase, Pin

– Fiat Gateway

– SegWit Support

– Custom fees

BitGo Web
  • Chrome
  • Mozilla
  • Safari
  • Opera
  • IE

10 Coins

180+ Tokens

Passphrase, 2FA

– HD Wallet

– SegWit Support

– Multisig

Bitlox Hardware
  • Windows
  • Linux
  • Mac
  • App Store

3 Coins

Pin

– HD Wallet

– Cold Storage

Bitpay Dekstop, Mobile
  • Windows
  • Linux
  • Mac
  • App Store
  • Google Play

2 Coins

Pin, Fingerprint

– HD Wallet

– Built-in Marketplace

– Custom Debit Card

Blockchain Web, Mobile
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Opera

4 Coins

1 Token

Passphrase, Pin, Fingerprint

– Built-in Exchange

– Fiat Gateway

Bread Wallet Mobile
  • App Store
  • Google Play

3 Coins

120+ Tokens

Pin, Fingerprint, 2FA

– Fiat Gateway

– Built-in Exchange

– QR Scanner

Circle Invest Mobile, Web
  • App Store
  • Google Play
  • Chrome
  • Mozilla
  • Safari
  • Opera

11 Coins

3 Tokens

Pin, Fingerprint, 2FA

– Fiat Gateway

– Instant Bank Deposits

Maybe the best thing to realize that will help you pick your wallet is to think about how you will be using it. If you are a person that is very active and needs access to their funds anywhere, they go a mobile wallet will be the best choice or a hardware wallet.

02. Common Features of Bitcoin Cash Wallets

I talked about how different wallets for Bitcoin Cash offer different features and characteristics that may suit different people depending on their needs. This includes even privacy and security features, which are the most important for a wallet if you ask me. Many of them are considered common as a lot of wallets share them between each other and with the upcoming sections I would like to cover them.

Security and Privacy

Most wallets that support Bitcoin Cash are generally well secured with some of the features explained below. Also, the majority of the wallets that can hold BCH are light nodes, which means that in order for them to be operational they will not require a full blockchain history download. Also, it is worth mentioning that most of them are also open source, meaning you have complete access to the code in order to audit it. Here are the other common features: Playamo 30 casino.

Two-Factor Authentication

Two-factor authentication almost half of the BCH wallets offer this extra security layer, executed as an extra code, sent to you via email or SMS. It acts as a confirmation for signing into your wallet. If that’s your thing, then look for Ledger Nano, CoolWallet S, Edge and more.

Hierarchical Deterministic (HD)

These HD wallets have a twelve-word masker key seed from which you can create unlimited key pairs for every transaction you make. Also, when you need to restore the wallet, all you will need is the master key and everything will be restored. Such high anonymity tools are Exodus, Jaxx, Atomic, and more.

Multisignature

Wallets that have this feature require each transaction to be signed by multiple people, keeping your anonymity in the network safe. Good Bitcoin Cash wallet examples are BitGo and Electrum Cash.

Secure Bitcoin Cash Wallets To Consider

Transaction Fee Management

Lets tank about transaction fees and their management. As you already know, the fees are there in order to provide incentive for the parties supporting, keeping the network alive and decentralized. Different wallets provide different ways to control the transactional fees from no control at all to complete management of the fees. The size of the transaction fee also dictates your priority in the network.

Fee ControlHow Does It Work?Supported By
Full ControlThese types of wallets allow you to manually adjust your transaction fees. The transaction fee can be as low as 0.00000350 BCHBitcoin ABC, Ledger Nano S, Jaxx Liberty
Partial ControlThese wallets allow you to adjust your transaction fees based on their “recommended” feesAtomic, BitPay
No ControlThese wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee.Coinbase, Quppy

03.FAQ

  • Can I send Bitcoin Cash to my Bitcoin (BTC) Wallet?

    Unfortunately, you cannot. Even though they are with similar names, they are on completely different blockchains. The only way this is achievable is by a multi-coin supporting wallet.

  • If I set too low a fee, will my transaction go through?

    Of course, that it will go through, but you will have to wait for a longer time period. As I mentioned earlier, the higher the fee, the higher your priority in the network is.

  • What does it mean if my transaction did not arrive?

    It is a good idea to check the block explorer and see the status of your transaction. Usually most transactions require a set period to pass before they are completely confirmed like for example 6 blocks.

04.About Bitcoin Cash

The origins of the Bitcoin Cash network begin with its hard forking off of Bitcoin. Since then it has kept its spot in the top altcoins in the world and continues to this day to be constantly talked about in the community. The new BCH network offered an increased block size. This is due to the developers of the network not being very fond of slow and expensive transactions that are common in the Bitcoin network. They wanted to do something about this issue and different miners had different opinions. That being said, the bitcoin cash network is not as secure as the Bitcoin network since BCH has roughly 5 % of the hashing power of Bitcoin. The effect of this resulted in a blockchain split in August 2017 when BCH hard forked from the BTC network. The name of the new network was given by a Chinese mining pool called Via BTC.