Bitcoin Cash remains the most successful fork of the Bitcoin network to date. This is because, despite some setbacks in the past, BCH has retained a large pool of developers and miners who continuously improve the protocol. A big part of that support is developing safe and easy-to-use Bitcoin Cash wallets, and in this article, we will review the best choices for 2023.
Of course, first, we need to talk about cryptocurrency wallets. In a very brief way, a crypto wallet is a piece of software that holds private and public keys. These serve to receive and send funds, at the most basic, though more sophisticated wallets can do other things. They connect directly to the blockchain to show the balance of a particular address. That is right, the crypto wallet does not hold the cryptocurrencies, it only links to the particular block in a network which tells the wallet how much money an address has.
Read Blockchain Wallet: The Complete Guide for Beginners for more information.
A Bitcoin Cash wallet can have BCH coins for a person. The wallet can be used for other coins and tokens, and most wallets do this by default. But our main criterion on this list is that BCH must be supported. So, in no particular order, we have.
Hardware Bitcoin Cash Wallets
We start our list with the best and most secured hardware wallets for those holding significant amounts of BCH.
Ledger Nano S
Source: CoinStop
Consistently voted as the best hardware wallet on the market, the Ledger Nano S is as good as it gets. The wallet supports BCH and several other cryptocurrencies such as classic Bitcoin.
It is made of durable and high-quality material. It comes with an easy to set up the user interface to deposit coins. Additionally, every Ledger Nano comes with a recovery account that can restore all of the funds in case the device is lost or stolen.
So, if you hold a significant amount of Bitcoin Cash, and want the best security for your money, the Ledger Nano S is the best choice.
Trezor
Source: trezor.io
The second most popular hardware wallet out there is also the second on the list. The Trezor uses a USB connector that is compatible with any PC put there. It has an inbuilt display for ease of access, and it can support several crypto coins. It is a very affordable and accessible alternative to the Ledger Nano S. So, they are almost interchangeable regarding features and security.
KeepKey
Source: HardwareWallets
The official hardware wallet of the ShapeShift exchange. This is an excellent choice for those purchasing an excellent product outside the big two. It has native support for the ShapeShift exchange, Besides BCH, it can support another 40 coins and tokens, making it one of the most versatile wallets in the market. It is also the most affordable of the three alternatives presented.
Software Bitcoin Cash Wallets
Now, let's talk about the wallets that work on a PC or mobile device.
Jaxx Wallet
Source: jaxx.io
Jaxx is one of the most popular software wallets out there. It supports devices using Windows, macOS, Linux, iOS, Android and has a Chrome Extension. As with any software wallet, the private key is stored in the device where it has been installed. It has a great user interface and can support more currencies than just BCH.
Exodus Wallet
Source: exodus.io
As a company, Exodus is one of the most experienced in wallet design. This is the company behind the Trezor hardware wallet. They also offer one of the best desktop and mobile wallets out there. Their product is compatible with Windows, macOS, and Linux. Their mobile version is available for both Android and IOS devices. The company offers the complete package for those looking to store BCH and more than 30 other crypto assets.
Electron Cash
Source: electroncash.org
A fully dedicated Bitcoin Cash Software Wallet. Electron Cash is the best choice for those who follow closely and believe in the BCh mission. This light wallet is easy to install and run on any device, as it supports Windows, macOS, Linux, Android, and IOS.
As a new fork of the BCH ABC client seems imminent, chances are that Electron Cash will be one of the best options two weather the consequences of this latest fork.
Web Wallets
These wallets work directly from a web address and are generally associated with an exchange.
Remitano
Source: Remitano
Remitano is a peer-to-peer exchange in more than 50 countries. It has an integrated web wallet allows instant trading in several cryptocurrencies, including Bitcoin Cash. It is also excellent money for a crypto on-ramp that supports many FIAT currencies. This web wallet is consistently rated as one of the best in the p2p business regarding security and ease of use.
Rahakott
Source: rahakott.ch
Rahakott is an anonymous web wallet that allows for private transactions using their service. This is because the wallet uses an integrated mixer to scramble the sender and receiver of any economic operation. It also supports transactions through the Tor network for added security. It has support for BCH natively and also Bitcoin.
Paper wallet
Finally, paper wallets are the most secure since they hold the private key completely offline. The best option for Bitcoin Cash is the paper wallet offered by Bitcoin.com, an easy-to-create wallet with good design and security features.
Source: bitcoin.com
It offers different designs and integrates a QR code as a public address to receive transactions. The private key is located in an inner foldable section so it can remain hidden inside the paper wallet.
The options for BCH wallets are many, but in this article, we gave a summary of the best Bitcoin cash wallet in 2023.
