If you are in ceypto world, then you must know how to secure your money. Because in cryptocurrency, many people are constantly being scammed and losing millions of money. You certainly don't want to lose your hard earned money. If you don't then you have to know how to backup your money and wallet.
I'll tell you how would you backup your read.cash money in bitcoin.com wallet or electron cash wallet (mobile verson). There is already an article on how to backup your seed phrase or money. Here is one article, where Mr. Telesfor describe much better.
https://read.cash/@Telesfor/how-to-integrate-readcash-wallet-into-bitcoincom-wallet-80747c24
But I'm going to discuss it much simply. Hope you will get it.
Suppose you are a read.cash user. There are a lot of bitcoin cash in your balance that you don't think is very secure. Because your mobile phone can be lost at any time. Your mobile phone's browser's storage may be cleared, resulting in complete data loss. In this case if you have Bitcoincash in your read.cash wallet then you can lose your money completely if your account is not backed up or your account seed pharse is not known.
In that case, it would be best if you have 2 or more devices, then you can easily backup your account using your seed phrase using Bitcoin.com wallet or other cryptocurrency wallet.
Newcomers may wonder what is the seed phrase?
The password you use to hide any confidential information, a password that no one knows except you. But Bitcoin Cash's security is a little different. There you will be given 12 words as a secret PIN to keep your money safe. Which allows you to access your wallet at any time. But those 12 words are very important for you. You will never share or show them to anyone even if you make a mistake. Because you never have to show your password to anyone.
How seed phrase looks like! I'm showing you one of my wallet's seed phrase. Though those seed phrase is worthless. You can try ;)
I insert a sticker on my seed phrase. There is total 12 words which is very secret and you have to keep thay secret and safe. Then you can think that, how to use that?
It's really easy to import your seed phrase into your other wallet!
Step-1
Go to your bitcoin.com wallet. Now you can see an option +Add. You have to click on add option.
Step-2
In this step you will find two option.
Create new wallet
Import wallet
You have to click import wallet.
Step-3
When you will click on "Import new wallet" you will find an option to write. All you have to do, write your read.cash 12 seed phrase there.
Done! Your Bitcoin Cash is now secure. But, you have to make it more secure by import those seed phrase in different wallet in different device. In case if you lost your mobile phone, you can easily log in with other device and take step as soon as possible before losing the money.
In addition to the bitcoin.com wallet, Electron cash wallet is another advanced wallet for collecting bitcoin cash. Where you will get fast transaction service with your old wallet import.
Thanks for reading my post. I hope through this article I have been able to explain the wallet backup method easily. Although I am new to the read.cash platform, I have been involved with cryptocurrency for many years.
Some important article on seed phrase-
https://read.cash/@Ruffa/back-up-your-seed-phrase-do-it-now-0ec739b9
-By Ruffa
https://read.cash/@prey27/seed-phrase-and-derivation-path-645b9a93 -Prey27
https://read.cash/@Jane/is-our-money-in-readcash-safe-b9b1dce3
-by Jane
Seed phrase is very important, so we really save it. Not on your mobile but in a notebook. Anyway, thanks for sharing my link 💚