In this guide, we'll show you how to move your bitcoin from Chivo Wallet to the Bitcoin.com Wallet, where you'll be in full control of your money. But first, let's look at the pros and cons of doing so.
In the world of Bitcoin, if you don't possess the "key" to your bitcoin, you don't truly own it. Chivo Wallet doesn't provide you with the key to your bitcoin. This makes it a 'custodial' wallet. In other words, Chivo Wallet is holding your bitcoin on your behalf. When you don't truly own your bitcoin, it's possible for a third party like a government or a company to confiscate your funds or cut off your access to them. This runs counter to the Bitcoin ethos where self-sovereign ownership is paramount and where public access is guaranteed. With the Bitcoin.com Wallet, which is fully non-custodial, you're empowered to take true ownership of your Bitcoin and other cryptoassets.
Additionally, with the Bitcoin.com Wallet, you can easily trade your Bitcoin into not only US Dollar crypto 'stablecoins', but also other cryptocurrencies. This means you can speculate on the burgeoning cryptocurrency industry in order to benefit from its huge upside.
Note: Strike Wallet, the other widely used Bitcoin wallet in El Salvador is also a custodial wallet, meaning, just like with Chivo Wallet, you don't have self-sovereign possession of your funds if they're in Strike Wallet.
If you plan on spending the $30 in BTC provided by the El Salvador government at local merchants in El Salvador, it may be in your best interests to keep your funds on Chivo Wallet as it is connected to the Lightning Network, which allows for fast and low-fee payments using Bitcoin within the local economy.
For those wanting to convert funds into other cryptocurrencies such as Ethereum, stablecoins, or low fee on-chain cryptocurrencies like Bitcoin Cash, we recommend sending funds to your Bitcoin.com Wallet where only you hold the keys to the coins, and where you're fully in control.
Note: Many users have reported that the $30 provided by the El Salvadoran government cannot be sent out of the Chivo ecosystem. Therefore, if you're receiving an error message, this is likely the reason, and you should reach out to Chivo support.
When you use a non-custodial wallet like the Bitcoin.com Wallet, you - and only you - have the private keys to your wallet. This means you'll need to take responsibility to back up and store your private keys safely. This guide explains how.
If you're a merchant who accepts cryptocurrency as payment and you're looking for global exposure for your business, you can easily add your business to this map.
Additionally, you can get set up in minutes with the Bitcoin Cash Register app which creates a low-fee payment gateway that's a great alternative to custodial Bitcoin Wallets.
If you're looking to add to your Bitcoin and other cryptoasset holdings, you can do so in seconds right there in the Bitcoin.com Wallet. Just tap on "Buy" and follow the instructions.
Get the Bitcoin.com Wallet and take control of your Bitcoin and other cryptoassets.
比特币是根据 2008 年《比特币》白皮书中的想法创立的：一套点对点的电子现金系统
通过安装 Bitcoin.com Wallet 应用程序来创建比特币钱包