Bitcoin SV (BSV), one of many cryptocurrencies that includes the word “Bitcoin” in its name, is Bitcoin SV. It is not accidental. Bitcoin SV, short for Bitcoin Satoshi’s Vision was created November 15, 2018 as a fork of Bitcoin Cash (BCH).
Bitcoin SV follows the original principles of Bitcoin as envisioned by Satoshi Nakamoto (or creators), in its white paper. Bitcoin SV aims to bring more decentralization, and scalability to this network. This cryptocurrency’s team has made several technical improvements to allow it to process thousands of transactions per second. Users pay very low transaction fees.
This cryptocurrency is a success in the crypto world. BSV, according to its creators, is the original Bitcoin. They claim that it is closest to Bitcoin’s original purpose. Many crypto investors and traders have also added BSV to the portfolios of their investments. To store your BSV coins safely, you will need a crypto wallet.
Only a handful of crypto wallets support Bitcoin SV. Some of these wallets may not meet the requirements for safe storage. We have compiled a list highlighting the top Bitcoin SV wallets on the market. The following list will help you choose the best Bitcoin SV wallet for trading or long-term investments.
Atomic Wallet
This cryptocurrency wallet is anonymous, open-source, and decentralized. It was launched in 2018, and it supports more than 300 digital coins and tokens, including BSV. Some crypto traders like the convenience of the built-in noncustodial currency exchange in Atomic’s desktop wallet. This wallet is compatible with Windows, Mac, and Linux.
Coinomi
This wallet supports over 380+ cryptocurrency, including BSV. It was launched in 2014. Coinomi provides a high level of security as it hides your IP address while you are transacting with cryptocurrencies. It also doesn’t store private keys on its Coinomi servers. It has a built in crypto exchange. This wallet is available in two versions: a desktop version (Windows, Mac and Linux), and a mobile (iOS, Android) version. Coinomi is one the most user-friendly wallets on the market. It is therefore ideal for beginners.
Guarda
The multi-asset wallet was created in 2017. It supports many cryptocurrencies, including BSV. Guarda wallet is available in web, mobile and desktop versions. This wallet can store cryptocurrency and you can also exchange, buy, and stake it. Because of its ease-of-use, it is a great option for investors and novice traders.
Electrum SV
The desktop wallet was released in 2018. It was created by Thomas Voegtlin of the BSV community. It is a BSV desktop client. This BSV wallet can be used on Windows, Mac, and Linux.
Ledger Nano S
This crypto wallet is among the most secure on the market. This hardware wallet is very popular with investors and traders of all levels. Ledger Nano S will soon support Bitcoin SV, according to the Bitcoin SV team. This is a great development.
Centbee
The mobile wallet was released in 2017. This mobile wallet is available for both iOS and Android. It is among the most secure BSV wallets on the market. Although it is not open-source the developers promise that the wallet will be continuously improved to ensure its safety. This wallet has not been compromised by hackers.
Exodus Wallet
This multi-asset wallet was created in 2016. It supports 95+ digital assets including BSV. It has a built-in exchange. Exodus can be used as a desktop wallet on Windows, Mac, or Linux. A version is available for smartphones as well.
Conclusion: Which wallet is best?
The best Bitcoin SV wallet will satisfy most of your needs and requirements. You will need a wallet that is easy to use, such as Coinomi and Guarda, if your investor experience is low. Any wallet from the above list will be able to meet the security requirements to protect your Bitcoin SV coins.
FAQ
Is BSV a good investment?
Since its launch in 2018, Bitcoin SV has seen a lot volatility. There have been several price increases, but these were short-lived. This coin has managed to maintain its value. The BSV community works hard to realize Satoshi Nakamoto’s vision. This cryptocurrency’s future looks bright. This cryptocurrency could be a long-term good investment.
Is BSV better than BTC?
It all depends on the parameters that we are evaluating. BSV is performing better than BTC when we take into account the original Bitcoin whitepaper. However, BTC’s price performance is far superior.
Is BSV the Real Bitcoin
Although experts disagree with this claim, Bitcoin SV has restored Bitcoin’s original protocol. BSV is the closest cryptocurrency that Satoshi Nakamoto described in the original Bitcoin whitepaper.
Disclaimer
Keep in mind that this information is solely based on our observations. It is only intended for informational purposes. This information does not constitute financial advice or a forecast. You are responsible for your risk when investing in cryptocurrency.
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