What is the best Bitcoin Cash wallet?
You need to have a Bitcoin Cash wallet installed before you can start buying, selling or trading Bitcoin Cash on the Anycoin Direct platform Having a Bitcoin Cash wallet enables you to send and receive Bitcoin Cash. Throughout this guide, we will show what a Bitcoin Cash wallet is, what types of Bitcoin Cash wallets there are, our recommended Bitcoin Cash wallets and how a Bitcoin Cash wallet can be used on Anycoin Direct.
What is a Bitcoin Cash wallet?
A Bitcoin Cash wallet can either be a software, service or gadget that saves your private and public keys and communicates with the blockchain. The public key of your wallet, also known as your “wallet address”, can be seen as your account number for Bitcoin Cash, where everyone can send funds to but nobody can withdraw funds from without this wallet. With the combination of your private key and public key, you are able to sign a transaction from your wallet to someone else's wallet.
What kind of Bitcoin Cash wallets are there?
There are many different types of Bitcoin Cash wallets available. These can range from free online web-based wallets to somewhat expensive hardware wallets with very solid security features. Below you can find a selection of the types of wallets and their features.
Which Bitcoin Cash wallets does Anycoin Direct recommend?
At Anycoin Direct we have made a selection of recommended Bitcoin Cash wallets for our customers:
- Online wallet: BTC.com
- Software wallet: Exodus
- Mobile wallet: Exodus Mobile
- Full node wallet: Bitcoin ABC
- Hardware wallets: Ledger, Trezor
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your Bitcoin Cash wallet on the Anycoin Direct platform?
After you have set up your Bitcoin Cash wallet, you can start buying, selling or trading Bitcoin Cash. To buy Bitcoin Cash, open your wallet and click on the receive button to show you your Bitcoin Cash address, which you have to fill in on our platform. In order for you to sell Bitcoin Cash, you have to click the 'send' button in your Bitcoin Cash wallet to fill in the Bitcoin Cash wallet address of Anycoin Direct.