We will teach you how to properly store, send, and receive Bitcoin Cash BCH tokens in this guide. There are several crypto wallets that handle Bitcoin Cash, but in this post we will choose Exodus Wallet since it is simple to set up, well-trusted by users, has a nice user interface, and supports a variety of different cryptocurrencies.
Set up your Bitcoin Cash wallet
Step 1: Install Exodus Wallet on your smartphone after downloading it. (The desktop version of this instruction will be shown in this guide).
Source: Exodus
Step 2. After installation, open the Exodus Wallet. Exodus will create your addresses for the coins it supports automatically and provide them to you.
Source: Exodus
Step 3. A list of cryptocurrencies that you may use in Exodus Wallet will be visible. Look for Bitcoin Cash by scrolling.
Source: Exodus
Clicking on Bitcoin Cash will provide further information, including a history of all previous transactions.
Source: Exodus
The Send and Receive buttons are visible. We’ll then go through sending and receiving Bitcoin Cash BCH tokens in the next section.
How to receive Bitcoin Cash
You will see the screen below after pressing the “Receive” button on the Bitcoin Cash information page.
Your public Bitcoin Cash address will be shown. This address is safe to give to anyone who is giving you Bitcoin Cash BCH tokens. Simply copy and paste it to whoever is providing you Bitcoin Cash BCH tokens. If the sender’s software supports reading QR codes, they can also scan the QR code to input your address quickly!
It should take around 10 minutes for the BCH to show in your account once the sender sends it.
How to send Bitcoin Cash
Follow the procedures below after hitting the “Send” button on the Bitcoin Cash information page above:
Step 1: In the “Send to BCH address” section, enter the recipient’s Bitcoin Cash address. Enter the Memo in the following field if necessary.
Step 2: Enter the amount of BCH you wish to transfer to that address. Exodus also allows you to enter a USD amount and have it converted to BCH automatically.
A small transaction/network charge of roughly 0.000004 BCH per transaction (around 0.0014 USD) will be added to the amount you transfer, as stated above in the “Send” button.
Step 3: Hit the “Send” button, and you’re done!
Other Bitcoin Cash wallets that are recommended
- Electron Cash Wallet (Desktops and Mobiles, BCH-only)
- Bitcoin.com Wallet (Mobiles, BCH-only)