What's up Guy's, this is my script for my upcoming vlog on YouTube, this will be my 2nd Vlog for Bitcoincash(BCH) In my video I will share some mobile wallets where we can store our BCH.
But before we proceed to that topic I want you to know that we have two types of wallet which is the Non-custodial and Custodial wallet.
A Non-custodial wallet is a decentralized type of wallet, where the customer owns its private keys While a Custodial wallet is a type of digital wallet which keeps a customer's private keys and provides backup and security for your assets.
Non-custodial wallets include the Bitcoin.com client, BRD, blockchain, Electron, Copay, Coinomi, Edge and many more because these platforms give users the ability to store their own private keys.
An example of Custodial services include kraken,coinex,bitstamp,poloniex, Binance and myriad of other trading and brokerage service platforms that also offer storage.
So now that we know the difference between Non-custodial and Custodial wallet let's proceed to the common questions that I received on social media(Asking by some of my friends on facebook).
What is Bitcoin Cash?
Bitcoin Cash is a decentralized peer-to-peer electronic cash system that does not rely on any central authority like a government or financial institution.
When we said Bitcoin Cash is it;
1.Fast
Transact in seconds. Get confirmed in minutes.
2.Reliable
A networks that runs without congestion (Traffic)
3.Low Fees
Send money globally for pennies.
4.Simple
Easy to use.No hassle.
5.Stable
A payment that's proven a store of value.
6.Secure
World's most robust blockchain technology.
How do I create Bitcoin Cash wallet?
Creating Bitcoin Cash wallet is easy as installing software on your mobile device or computer.
What mobile wallet did you use to store your Bitcoin Cash or BCH? Well here are some Wallets that support Bitcoin Cash :
1.Bitcoin.com WalletPowered by:Bitcoin.com
Own by Roger Keith Ver or known as Roger Ver.
Bitcoin.com has an active admins or customer service who will assist you when you have a problem with your mobile wallet
HERE ARE THE BENEFITS OF BITCOIN.COM WALLET
You can track crypto price and the value of your investment.
Received and store your crypto securely.
Pay anyone, anywhere, instantly.
Automatically back up your wallet to the cloud.
Send to anyone via Email and Social network .
Buy with debit, credit, bank transfer and more.
Your gateway to Bitcoin, Bitcoin Cash and crypto.
Crypto News (Latest News)
SERVICES:
Bitcoin.com Swap
alfatop
Unstoppable
Causes Cash
Crypto2Cash
Bitcoin.com Local
Bitcoin.com Gift cards
Cheap Air
Travala
Bitcoin.com Map
Memo
Bitcoin.com Exchange
Keys4coins
SideShif Al
Purse.io
Bitcoin Cash Register
SLP Dividend Calculator
Bitcoin.com mint
Bitcoin.com
2.CoinsPhPowered by :Coins Asia
Is a free, secure and trusted mobile wallet in Philippines that let's you access financial services from your phone-even without a bank account or credit card.
CEO->Ron Hose
Easy to use App and they have a very active and great customer service.
COINSPH WALLET BENEFITS :
Your phone is your wallet.
Get 10% rebates when you buy load.
Save up to 125Php per week on 95 bills.
Send Ang Pao to your Family and Friends.
Send remittances to the Philippines via Western Union and CoinsPh.
Buy game credits instantly,no credit card needed.
Send and receive remittances through a network of 22,000+ bank and padala centers nationwide.
Licensed by BSP to buy or sell crypto currency BTC, ETH, BCH and XRP.
NOTE: You cannot trade or convert your crypto on CoinsPh if your account is not verified.
3.Coinbase Powered by:Coinbase Android
Is a secure online platform for buying, selling,transferring and storing digital currency.
CEO-> Brian Armstrong.
COINBASE WALLET BENEFITS :
Get $5 in Bitcoin when you join Coinbase,After your photo ID is verified, $5 in BTC will be added to your portfolio within 24hrs and I guess you can convert it into BCH if you want.
Buy and sell crypto,safely,quickly and securely.
Earn a return just for holding crypto.
See the latest prices in an instant.
Earn Bitcoin by referring your friends.
Send,receive and hold crypto all in the app.
Note: You cannot trade or convert your crypto on Coinbase if your account is not verified.
4.Binance Wallets Powered by:Binance Inc.
The world's biggest exchange.Crypto BTC, ETH, BCH and NFTs it's all here.
CEO->Changpeng Zhao or known as CZ.
BINANCE WALLET BENEFITS :
buy,sell and store crypto.
See how your favorite coins are trending.
Store your coins in secure wallet.
Analyze and trade over 200+ coins.
Buy crypto with credit card and other options.
Note: You cannot transfer your crypto on Binance P2P if your account is not verified.
5.Electron CashPowered by : Jonald Fyookbal
A Bitcoin Cash SPV wallet control your own private keys. Easily back up your wallet a mnemonic seed Phrase. Enjoy high security without downloading the blockchain or running a full node.
SPV stands for Simplified Payment Verification.
BENEFITS OF ELECTRON CASH WALLET:
SAFE->your private keys are encrypted and never leave your computer.
FORGIVING->your funds can be recovered from a secret phrase.
INSTANT ON->Electron Cash is fast, because it uses servers that index the Bitcoin Cash blockchain.
No Lock-in->you can export your private keys and use them in other Bitcoin Cash wallet.
No downtimes->Electron Cash servers are decentralized and redundant your wallet is never down.
Proof checking->Electron Cash verifies all the transactions in your history SPV.
Cold Storage->keep your private keys offline and go online with a watching-only wallet.
Multisig->split the permission to spend your coins between several wallets.
6. Edge Wallet Powered by :Formerly Airbitz
Is a mobile wallet designed to make it simple to store and trade Cryptocurrencies.It allows users to send and receive 12 digital currencies and also includes ShapeShift integration so you can quickly convert between coins and tokens.
"The Team behind Edge wallet"
Paul Puey->CEO, Co-founder.
William Swanson->Chief architect,Co-founder.
RJ Ricasata->QA, Support Manager.
Brett "Maverick" Musser->Paradigm Shifter.
Jessica Payne->Controller.
Peter O'Brien->Business Development and Support.
Matthew PichΓ©->Junior Developer.
EDGE WALLET BENEFITS :
One app for all of your assets.
Back up with just username and password.
Seamlessly login using multiple devices.
Easy,secure access with pin or touch ID.
7.Bitpay Powered by :Bitpay,Inc
is HD multi-signature wallet originally built to secure Bitpay's funds.
CEO->Stephen Pair
BENEFITS OF BITPAY WALLET:
Spend->turn your crypto into dollars.
Secure->Leverage multi-sig security.
Cross-platform->Use on any device.
Track->Receive instant email and push notifications for payment transfer and proposals.
8.EXODUS Powered by: Exodus Movement inc.
Is a multi-currency wallet that supports over a hundred Cryptocurrencies and the world's Desktop,mobile and a Hardware crypto wallets.
CEO->JP Richardson
OXODUS WALLET BENEFITS :
Easy to use and control your wealth.
Your digital wallet private and secure.
Supports multiple currencies.
Exchange quickly assets to Lock-in Market moves.
Built-in trade and portfolio functions.
Earn rewards with high interest rates.
Advanced security and human support.
9.Latoken mobile wallet Powered by:Latoken
Is a cutting edge exchange which makes invest and payment easy and safe worldwide.
CEO->Valentin Preobrazhenskiy
LATOKEN WALLET BENEFITS:
Earn money on Airdrops and trading competitions.
Buy crypto with credit card.
Trade crypto safe, fast and simple.
Store your assets securely.
Earn Bitcoin by referring your friends.
Get instant alert on price changes.
Invest in start-ups on #1 IEO Launchpad.
10.Trust Wallet Powered by:Dapps Platforms Inc.
is a multi-coin wallet acquired by Binance in 2018. It will allow you to store, send, receive and exchange different cryptocurrencies with a single account.
CEO->Viktor Radchenko
Trust wallet Benefits:
Buy Bitcoin,Ethereum,BCH and etc.
Use defi to lend and borrow.
Collect, send and sell your NFTs.
Exchange your coins Instantly.
View prices and charts.
11.Safepal Wallet Powered by:Safepal Wallet
Is the first hardware wallet to be backed by Binance, one of the largest crypto exchanges in the world. Powered by the SFP token that was created on Binance Smart Chain (BSC) and introduced through Binance LaunchPad,Β SafePalΒ offers users a full end-to-end crypto wallet experience and manage 10,000+ tokens in the safest and easiest-to-use crypto currency wallet.
CEO->Anthony Morrissey
Safepal wallet Benefits:
Manage unlimited wallets in one App.
Import or Create wallet in flexible ways.
All assets details are displayed clearly.
Trade on DEX at your fingertips.
Receive crypto with a simple scan.
One click to share your address with friends.
The other wallets here that I mentioned, I have used them and to this day I still use them. I have tried Bitcoin.com wallet, CoinsPh wallet, Coinbase wallet, Binance wallet, safepal wallet, trust wallet and Latoken wallet .
There's a lot of wallet supported Bitcoin Cash, too many to mention so DYOR π
I highly recommend Bitcoin.com wallet and Bitcoin Cash Register Powered by Bitcoin.com for your business πit easy to use and it has a great customer service.
So if you are looking for a crypto currency that suits your business must try Bitcoincash,it's fast, easy to use. See it to your self π
Here's the video I made:
Note:I wrote this article for 3-4days I think π€
I so much prefer non custodial wallet due to security involve. Another great non custodial and decentralized wallet I know is Atomic Wallet. Atomic Wallet is just the best when it comes to multi crypto wallets and more preferable to recommend to newbies due friendly user interface. More about Atomic Wallet - https://atomicwallet.io