In order to buy or sell cryptocurrency, you will need a wallet. Securely store your coins using the most popular Multi Wallet option. You will need to make sure the wallet you choose supports the currencies you wish to store. This guide compares three of the most popular wallets, Exodus, Jaxx and Coinomi, for their ease of use, security features and ability to store multiple currencies at one time.
All three wallets are free (no fees) and provide access to both Bitcoin Core (BTC) and Bitcoin Cash (BCH). Let’s take a look at how they stack up against each other.
Exodus: Of all the wallets we tested, this is our personal favorite. It feels like having your own app store with each cryptocurrency as its own app alongside your fiat currency exchanges. You can easily track everything in once place which makes it quick and convenient for any user.
In terms of security, Exodus encrypts your private key on your device and layers a second level of encryption to protect it if someone were managed to hack into the device. Exodus does not have access or hold any of your personal information, so they cannot recover anything for you.
If you are new to cryptocurrency investing, this is a good place to start. If you prefer more features, try Jaxx below!
Jaxx: This wallet offers an array of coins in addition to Bitcoin Core (BTC) and Bitcoin Cash (BCH). It also supports ERC-20 tokens which allow developers to create custom cryptocurrencies that can be used in their application. If a company wants others to use their coinxchange – it allows you to create a unique address for each transaction!
If you invested money in cryptocurrencies, do not forget about daily updates on their rates. For this purpose, we have created mobile applications for iOS and Android, so that by going out with friends or going to work, you can always monitor the course of famous coins and respond instantly if necessary.
especially when it comes to cryptocurrencies. When choosing between Bitcoin and Bitcoin Cash, it is important to understand the differences between the two coins and the investment potential of each.
BCH And BTC. A Bit Of History
Bitcoin was launched in 2009. The main idea of the new type of currency was that blockchain technology could provide a reliable and secure payment system without central regulatory authorities. During the first few years of Bitcoin’s existence, some investors took notice. Since 2013, the price of BITCOIN began to rise.
Bitcoin Cash appeared in 2017 as a result of a hard fork. The original BCH to BTC rate was set at 1:1.
Both coins use the Proof-of-Work consensus algorithm, both are deflationary as the maximum supply is capped at 21 million coins. And yet, BCH has not yet managed to reach heights comparable to those of its predecessor.
One of the key reasons for the formation of the fork was the slow processing of transactions and the high commissions of Bitcoin. The proposal to increase the block size to almost 8 MB from the original 1 MB was not accepted unanimously and eventually a new coin was earned based on the improved protocol.
An increase in the block size means that the system will be able to process more transactions and the coin will be more convenient to use for current expenses.
At the moment, the market and demand remain on the side of the original coin. Bitcoin is gradually gaining acceptance; more and more companies have included it in the list of payment methods. However, not everything is sad for BCH either, the coin is included in the list of cryptocurrencies that will be supported by PayPal.
Cryptocurrencies will not disappear, and so far there are no visible prerequisites to consider the current situation as a harbinger of disaster.
Analysts at Digital Coin Price believe that Bitcoin has a realistic chance of hitting a new all-time high of around $95,000 by the end of 2023. At the time of writing, the coin is trading at $38,512 and is seriously aiming to retest the 2021 low. In light of the current market situation, the forecast looks overly optimistic, but not impossible.
Trading Beasts is more reserved about the prospects for #1 cryptocurrency. According to analysts, the average price of a coin will be about 57,000, and a new maximum should be expected at around $76,500 by the end of the year.
Wallet Investor is almost in solidarity with colleagues, where they predict a maximum price of over $78,000.
Those interested in BCH are also optimistic. The coin is moving in the wake of the market leader and is currently trading slightly above $330. This is significantly lower than the starting price of the coin in 2017.
According to Digital Coin Price forecasts, the coin has a chance to slightly more than double by the end of 2022, to $760.
Wallet Investor is considering an even more optimistic scenario with BCH gradually rising to $858 by December 2022.
Some experts believe that the price of Bitcoin Cash could potentially reach $3,000 or even $4,000. However, now such forecasts look too fantastic and it is unlikely that these goals will be achieved in the coming year.
Which Coin To Invest In
Due to the great similarity between the coins, it is really difficult to make a choice. Moreover, they complement each other well.
Now one of the moments for the best entry into the market is being realized. Bitcoin has already become a classic of investing in cryptocurrency. It is still viewed as an attractive investment asset due to high volatility and long-term growth prospects.
The attitude towards Bitcoin Cash is more reserved, but its affordable low price, combined with optimistic forecasts, looks very attractive. It is up to you to decide whether to buy 1 BTC or 10 BCH, especially since the profit, if expectations come true, will be approximately the same.