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To send or receive Bitcoin Cash (BCH) or Bitcoin Core (BTC), you will need a Bitcoin wallet app. This guide covers how to install and use the basic features of the Bitcoin.com Wallet to receive and send Bitcoin Cash (BCH) and Bitcoin Core (BTC).
(Update: Bitcoin Core is less usable as money due to much higher fees and delayed transaction times. The Core team has also expressed an interest in keeping these fees high since they view BTC as a “store-of-value” and not something to be transacted on a daily basis. In contrast, Bitcoin Cash’s transaction fees cost pennies and payments can be validated even with zero confirmations. These facts make BCH the ideal cryptocurrency for sending and receiving money anywhere in the world.)
Step 1: Download the Bitcoin.com Wallet
You can download the Bitcoin.com Wallet app for your smartphone or computer.
Look for the Bitcoin.com Wallet logo to download the app
- For smartphone users, search “Bitcoin.com Wallet” in the Google Play store or the App Store on your iOS device.
- Locate “Bitcoin Wallet” from Bitcoin.com or look for the Bitcoin.com logo.
- Then tap the “Install” or “Get” button.
- Once installed, the Bitcoin Wallet app will be accessible from your home screen.
Step 2: Navigating the Bitcoin.com Wallet
Your list of wallets will then appear at the top of the screen. Your initial balance will be 0 BCH and 0 BTC.
There are 5 navigation tabs at the bottom of the Bitcoin.com Wallet App:
- Home | Displays basic information like wallet balance(s) at a glance.
- Receive | Generates a new Bitcoin Cash address to which others can send you BCH.
- Scan | Uses your phone’s camera to scan another user’s BCH address (in QR Code form). Makes sending BCH a breeze.
- Send | Allows you to send your BCH to others by inputting their Bitcoin address.
- Settings | Application settings: setup new wallets, edit wallet names, change currency display, set spending password, etc.
Step 3: Add Some BCH to Your Wallet
You can now add BCH to your wallet balance. Maybe a friend wants to pay you back for dinner. Or maybe you want to purchase BCH directly from an exchange like Coinbase. Whatever the case, you will want to share your wallet address with the sender. To do this, tap the Receive tab along the bottom of the screen.
Tap the Receive navigation tab to add BCH to your wallet.
Make sure the wallet displayed at the bottom of the screen is the one to which you or someone else should send BCH. To change it, simply tap that area and select the appropriate wallet.
To share this address with a sender, tap the share icon in the top right on the window, or tap the screen to copy the address to your clipboard. Once copied, you can paste it into an email or message app to share with the sender.
You can also simply show the QR code to the sender and have them “Scan” the image with their device. This is the most convenient way to give someone your Bitcoin address.
Step 4: Backup your wallet(s)
Tap on the orange band within a funded wallet to Backup the wallet.
Follow the instructions and write down the 12 words in order from left to right. This is your “recovery/backup phrase”. Note, that the backup phrase used here is for demonstration purposes only. Your unique backup phrase will be different.
Write down your backup phrase and store it somewhere safe. Note the one above is just used for demonstration.
Once you have written down the 12 words, tap “I’ve written it down”. Next, you will be asked to verify the phrase. This is just another measure to ensure that you are backed-up properly. Complete this step by tapping the words in the order in which they appear on your hand-written backup phrase. Once you do this you should see the the backup confirmation screen.
Backup complete. Nice job!
If you ever lose your phone or get a new one you will use this phrase to verify that you are the owner of the wallet before being granted access. This is why it is important to keep the phrase safe and away from the eyes of others. Store the code as securely as you would cash or other valuables, you may lose your bitcoins forever if your device is lost, stolen or damaged and you chose not to backup. Some users laminate the paper or use some other means of keeping it safe from moisture or grime. Also, feel free to make several backup copies and store these in various safe places, e.g. bank safety deposit box, in a secure drawer, home safe, etc.
How to Spend BCH from Your Bitcoin.com Wallet
- Tap the “Send” tab.
- Input the recipient’s address into the field at the top. Paste from clipboard or tap the “Scan” icon to open camera and scan their address’s QR code. Double-check the address to make sure it a) is correct and b) corresponds to the correct currency. Do not send BTC to a BCH address and vice-versa.
- Once you input the address you need to enter an amount to send. By default, you will get an amount in BCH. To toggle to fiat currency, tap the “BCH” icon in the Amount field.
- Input the amount to send
- Confirm the address and amount. Then swipe to send.
Once a transaction has been sent. You will see the transaction in your history. If sending BCH, the recipient should get the coins within minutes. 100% confirmation may take a few more minutes depending on the network traffic.
Securing Your Bitcoins and Protecting Yourself Online
That wraps up our guide to using the Bitcoin.com Wallet. In closing, we would like to remind you that the security of your Bitcoin Cash and Bitcoin Core is entirely up to you. There is no Bitcoin transaction customer service to email if you lose your backup phrase. There is no “forget password” button. This might seem daunting but such is the nature of using a peer-to-peer, decentralized network like Bitcoin Cash. You are your own bank, that comes with responsibility.
Follow these steps to ensure the security of your bitcoin:
- Write down, and safely store your backup/recovery phrase that was given when you installed the wallet software/app
- Store your backup phrase as you would cash or other valuables
- It’s important that nobody untrusted have access or be able to see your backup phrase. They would be able to use it to gain access to your wallet and spend/steal your bitcoins
- Do not screenshot or copy and paste your backup phrase onto your PC or other device
- Never allow “remote access” to your PC (if running a full node, for example) to receive technical support. They may ask you to run the software and type in commands that may expose your private key and steal your bitcoins.
- Do not store all your bitcoins on a mobile device or with an online service if you have a significant amount of funds. Consider “cold storage” like a paper wallet, which may be stored in a safe deposit box or a safe inside your home or once. You can also use a hardware wallet such as a Trezor or Ledger Nano S.
- A “hot wallet” is one with software connected to the Internet for transacting. A cold wallet is used for ‘cold storage’ which involves storing a piece of paper in a secure location, safe from hazardous weather or other conditions, which has a private key able to be added to a software wallet for later for access to the bitcoins.
- Watch out for scams. There are plenty of online scams unfortunately. They seem to be directed at those who are not entirely familiar with Bitcoin, or those who are fooled by get rich quick scams, or who believe claims that seem too good to be true.
- For example, there are legitimate sites for cloud mining where you pay to rent hardware to mine bitcoins for yourself. You can certainly make this profitable. Bitcoin.com has its own cloud mining pool, and is safe for those new to mining. But never send bitcoins to unknown sites that claim to reward you with large amounts of bitcoins at some point in the future, or give you a x number of bitcoins per day, or ask you to install a browser plugin or other software. These are almost certainly scams, and it is surprising that even those who understand Bitcoin very well and are active in the Bitcoin economy have been fooled out of a lot of bitcoins.
- Read Bitcoin.com’s Getting Started page with access to guides like, How to Avoid Bitcoin Fraud.
Welcome to the world of Bitcoin! Thanks for downloading the Bitcoin.com Wallet