Best Bitcoin Cash Wallet (BCH) – Hardware, Web and Android
As is of common knowledge, the Bitcoin Cash network split into two new blockchains (underwent a hard fork) in November 2020. The two new blockchains are called Bitcoin Cash ABC (BCHA) and Bitcoin Cash Node (BCHN). You’ll need the best Bitcoin cash wallet for you if you want to invest.
Best Bitcoin Cash Wallet
This is the second time the Bitcoin Cash network has undergone a blockchain-split.
Bitcoin Cash ABC is priced at $14.38 at the time of writing, while Bitcoin Cash Node ceases to exist – the crypto world never fails to impress!
In this guide, we will discuss the best crypto wallets (hardware, Android and online) to store your Bitcoin Cash tokens.
Best hardware wallets for Bitcoin Cash
Here are the best hardware wallets for Bitcoin Cash:
#1 Ledger nano S
If you don’t want to mess around with software wallets, you should check out the Ledger Nano S. This affordable hardware wallet is a great way to keep your coins safe and secure. With support for nearly every coin on the market, it’s tough to go wrong with the Nano S.
To get your hands on this high-quality, affordable hardware wallet, visit the Ledger website
Visit Ledger Nano SThe Ledger Nano S is a secure and (relatively) cheap cryptocurrency wallet.
The hardware wallet supports over 1,000 cryptocurrencies including the likes of Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ripple (XRP) and Litecoin (LTC).
Pros
- The Ledger Nano S supports over 1,000 altcoins, including all ERC-20 tokens.
- The offline storage wallet is as safe as it gets!
- The Ledger Nano S costs just $59. It is much cheaper than the Ledger Nano X, the Trezor Model T and the KeepKey.
- The hardware wallet is made from highly durable materials, including a stainless steel cover. This ensures the physical protection of your altcoins in case you drop your Ledger Nano S crypto wallet.
Cons
- The cold storage wallet isn’t as easy to use when compared to paper wallets, mobile wallets, desktop wallets and online wallets (web wallets). You have to read the user manual carefully.
- You have to plug your device into a computer system in order to send crypto-currencies.
- ERC-20 token support is provided through MyEtherWallet only.
Why should you choose it for BCH cold storage?
The Ledger Nano S comes with a companion application called Ledger Live – the application helps enhance your user experience by simplifying the whole process of setting up the wallet.
What’s more, the crypto wallet’s secure-element chip ensures additional security.
Apart from the pros and cons mentioned already, another factor that you should consider is that the Ledger Nano S allows you to choose from three different network fee levels when sending crypto assets.
Depending on the transaction fee level that you choose, your transaction will either be confirmed faster or slower.
Overall, the hardware wallet is an excellent option for BCH cold storage and yes, you will NOT lose your stored funds if you lose or damage your crypto wallet (safeguard your seed phrase at all times!).
If you want to purchase and store other cryptocurrencies along with your Bitcoin Cash tokens in one place, there is no better wallet on the market.
Click here to buy the Ledger Nano S now.
#2 Trezor one
When it comes to crypto hardware wallets, Trezor is among the best there is. It’s easy to set up, secure, and affordable. Trezor hardware wallets allow you to send and receive all your favorite cryptocurrencies while providing the privacy and security you need to keep your digital coins safe.
Trezor is one of the highest-rated hardware wallets on the market, so be sure to visit their website and order your favorite one.
Visit TrezorThe Trezor One is one of the safest crypto wallets for Bitcoin Cash cold storage, if not the safest.
The hardware wallet supports over 1,000 altcoins, including Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC) and Tether (USDT).
Pros
- In terms of company reputation, there is no better option.
- The wallet offers native support for all ERC-20 tokens. It supports over 1,000 cryptocurrencies in all.
- The hardware wallet costs just $59 and is among the cheaper (and no less efficient) options on the market.
- In case you damage or lose your wallet, you can retrieve your funds with another Trezor-branded wallet, or other crypto wallets like Mycelium and Electrum.
Cons
- The cold storage wallet does not support Ripple (XRP), Cardano (ADA) and Monero (XMR).
- The hardware wallet requires computer access to send altcoins to another address.
Why should you choose it for BCH cold storage?
The Trezor One is more like a mini-computer. The Ledger Nano S on the other hand is a device that uses a secure-element chip. The Trezor wallet is quite easy to use and comes with a clean, user-friendly UI.
In terms of security, there are no better options than the Trezor One – you can set a 9-digit PIN on the device, while you can only set an 8-digit PIN on the Ledger Nano S. The wallet also allows for relatively easy recovery if you lose or damage your device.
In terms of transaction fees when sending crypto currencies, the wallet lets you determine the network fee: low, economy, normal or high. You can also set a custom transaction fee. According to the fee type that you choose, your transaction will be processed accordingly.
You can buy the crypto wallet by clicking on this link.
Best Android wallets for Bitcoin Cash
Find below the best Android wallets for Bitcoin Cash tokens:
#1 Electron cash
The Electron Cash wallet supports only Bitcoin Cash and is one of the best free wallets for Bitcoin Cash storage.
The wallet is available in the form of an app and a desktop wallet (Windows, macOS, and Linux). You can download the iOS app from the Apple App Store and the Android app from the Google Play Store.
Pros
- Electron Cash is a secure Bitcoin Cash SPV (Simplified Payment Verification) wallet.
- The wallet offers a cold storage option – you can go offline while monitoring your balance and incoming transactions, hence providing private key safety.
- There is no lock-in – you can export your private keys in the quest of using them with other clients.
Cons
- The wallet supports only one altcoin – Bitcoin Cash.
- The wallet has faced a security breach in the past.
Why should you choose it for BCH storage?
The Electron Cash wallet comes with a simple UI that promotes ease of use. Not only is the wallet free of cost but secure and multi-faceted as well. If you are looking for a free and safe Bitcoin Cash wallet that can be used as a multi-signature wallet as well, look no further than the Electron Cash wallet.
The wallet makes use of a dynamic fee structure. The Electron Cash wallet calculates the fees that you will need to include during a transaction along with the urgency (that you decide) it needs to be executed with.
Click here to download the Electron wallet from Google Play Store.
Click here to download the iOS Electron wallet version.
#2 Exodus mobile
The Exodus wallet is perfect for those just starting out in cryptocurrency or for those who are mainstream enthusiasts. This beautiful, easy to use wallet is secure, intuitive, and supports hundreds of digital assets. Manage all your favorite coins and tokens all in the same place with this appealing wallet.
If you’re ready to manage your cryptocurrency from your Desktop, Android, or iOS device, head on over to the Exodus website today!
Visit ExodusExodus mobile app is one of the best solutions for Bitcoin Cash storage. The app supports over 100 cryptocurrencies and is available in the form of a desktop wallet as well.
Pros
- The crypto app supports 100+ cryptocurrencies.
- You can easily manage the crypto assets that you are holding in Exodus mobile wallet from your Trezor One hardware wallet.
- You can exchange cryptocurrencies in just two taps.
- Fantastic customer support team that is available around the clock.
Cons
- The wallet is not open source.
- The mobile wallet does not offer traditional Two-Factor Authentication (2FA).
Why should you choose it for BCH storage?
Let’s face it, Exodus mobile’s UI is by far the most beautiful of the mentioned wallets in this guide. The wallet is easy to use and is packed with several amazing features, including its compound finance option and the ability to earn crypto rewards on the go.
Live charts and portfolios, a built-in exchange and 24/7 customer support service add to its appeal. While Exodus mobile does not offer 2FA (a considerable disadvantage), it is secure. In terms of transaction fees, the wallet tracks changes in the Bitcoin Cash network and charges fees according to a dynamic pricing model.
Download the app via Google Play here.
Download the app on the App Store here.
Best online wallet for bitcoin cash
BTC.com is the best online wallet for your Bitcoin Cash tokens.
#1 BTC.com
BTC Markets is an exchange that allows you to buy Bitcoin, as well as other cryptocurrencies with AUD, sell, and exchange. It’s Australia’s largest digital asset exchange, offering support, a multi-coin wallet, withdrawals, and same day deposits.
For access to Australia’s largest wallet and exchange, download the BTC Markets app on Android and iOS today!
Visit BTC MarketsBTC.com is an excellent web wallet for Bitcoin and Bitcoin Cash storage.
While BTC.com is not the securest option out there, the wallet offers some unique features. The web wallet is available in the form of an app as well.
Pros
- You have full control over your private keys.
- The wallet’s multi-signature functionality is an added asset.
- Security measures such as master seed backup and Two-Factor Authentication (2FA) are on offer.
Cons
- The wallet does not have the best reviews online.
- The wallet is suitable for storing a small number of crypto tokens only.
Why should you choose it for BCH storage?
The web wallet is easy to use and secure. It offers a simple UI that isn’t pleasing to the eye, to be honest. That said, the wallet’s overall functionality more than compensates for a lackluster look.
The online wallet offers dynamic transaction fees. You can push priority transactions directly to the Bitcoin Cash mining pool.
If you prefer the comfort of a mobile app instead, BTC.com has you covered. One of the standout features of the app is that you can send Bitcoin Cash to your contacts directly using their phone number!
The app supports over 25 currencies, including USD, GBP and EUR.
Bitcoin Cash wallet FAQ
What is my Bitcoin Cash wallet address?
It is quite simple to find your Bitcoin Cash wallet address. Every Bitcoin Cash wallet mentioned in this guide offers an option/set of steps to easily access your wallet address.
Simply search for it and receive Bitcoin Cash in your BCH wallet! For example, let’s take the Exodus mobile wallet.
To receive Bitcoin Cash you will first have to locate your Bitcoin Cash address.
Click on the wallet icon which is present at the bottom of your screen and then navigate to your BCH wallet.
To receive Bitcoin Cash, click on the receive icon which is present on the right-hand side of your screen.
You will see your Bitcoin Cash address (and QR code equivalent) at the center of your screen.
How to retrieve Bitcoin Cash from a Bitcoin private key?
We will explain how you can retrieve Bitcoin Cash from a Bitcoin private key for Exodus. The process varies from wallet to wallet.
The first step is to click on the asset you would like to import into (Bitcoin Cash). Navigate to the asset menu and click on the ‘Move Funds’ option.
Paste your Bitcoin private key in the pop-up bar and click on the ‘MOVE FUNDS’ button. Exodus will then sweep the funds into your Bitcoin Cash wallet.
How to send Bitcoin Cash to your wallet?
Once you have located your BCH wallet address, you can send your purchased Bitcoin Cash to your wallet.
Copy your address and use it to send BCH tokens from a cryptocurrency exchange to your wallet. You should always cross-check your wallet address to ensure that you are sending Bitcoin Cash tokens to the right address!
Once you have sent the tokens, sit back and relax. Your cryptocurrency wallet will act as a safe storage unit for your Bitcoin Cash tokens. Remember, never share personal details like your PIN-code and safe seed phrase with ANYONE.
Conclusion
Depending on your wallet type preference (hardware, mobile or online), each of the BCH wallets mentioned in this guide is ideal to store Bitcoin Cash and other cryptocurrencies.
Ledger Nano S and Trezor One are the safest of the bunch while Electron Cash, Exodus and BTC.com offer perks of their own.
Keep in mind all the tips mentioned in this guide and choose a wallet accordingly. Buy Bitcoin Cash on a renowned crypto exchange (like Coinbase) and transfer your tokens to a trusted wallet today!
author Marco Vela
A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.