How to Store Bitcoin SV – Store BSV Easily With our Free Wallet Guide
How to Store Bitcoin SV | Conduct Your Bitcoin Wallet Check Now Easy Crypto is the best place to buy Bitcoin SV in New Zealand..
How to Store Bitcoin SV | Conduct Your Bitcoin Wallet Check Now
Easy Crypto is the best place to buy Bitcoin SV in New Zealand. Registering and verifying an account takes less than two minutes. Users can then buy Bitcoin SV with New Zealand Dollars. However, it is imperative that all Easy Crypto users learn how to store Bitcoin SV securely, before buying BSV coins.
Bitcoin SV is not Bitcoin
If you are new to cryptocurrency, understanding the differences between Bitcoin SV, Bitcoin, and Bitcoin Cash can be confusing. Some new to market investors assume that all three coins are one and the same. This can cause problems when new investors try to send Bitcoin SV coins to a non-BSV wallet.
Learn more about their differences: Read our comparison guide between BTC and BSV.
How to Store Bitcoin SV – Perform a Bitcoin Wallet Check Now
To ensure that any wallet you use supports Bitcoin SV, it must explicitly state that it is a Bitcoin SV (BSV) wallet.
- Never attempt to receive Bitcoin SV coins to a Bitcoin Cash or Bitcoin (BTC) wallet
- In the event that BSV coins are sent to a non-BSV wallet, they may be recoverable. However, coins may also be lost and become irrecoverable
- Hardware Wallets Which Support Bitcoin SV
Using a hardware wallet is the safest way to store any cryptocurrency. Sadly, leading hardware wallet brands like Nano Ledger and Trezor do not currently support Bitcoin SV. (Though, support is expected to be announced shortly.) One hardware wallet which does support Bitcoin SV is new to market hardware wallet Keevo.
Like other hardware wallets, Keevo devices can be used to store several top market cap cryptocurrencies like Bitcoin, Litecoin, and Ethereum. At present, though, Keevo is also the only hardware wallet to offer out of the box support for Bitcoin SV.
Bitcoin SV App Wallets
Investing in a hardware wallet can cost $100 – $300 depending on a device make and model. However, it is possible to store Bitcoin SV using several free to use app wallets.
App wallets which currently support Bitcoin SV include:
Bitcoin SV Desktop Wallets
Desktop app wallets are comparable in security to mobile app wallets like Atomic. Users simply benefit from a more intuitive user interface and (in some cases) a wider variety of supported altcoins.
At present, desktop app wallets which support Bitcoin SV include:
Bitcoin SV Safe Storage Security Tips
Most hardware, app, and desktop cryptocurrency wallets default to a Bitcoin (BTC) wallet address when first set up by wallet users.
In the case of Bitcoin SV, it is, therefore, important to manually create a new Bitcoin SV wallet addresses. This can be done quickly by selecting ‘add coins’ within app and web wallet dashboards.
When setting up a new Bitcoin SV wallet, users should also make sure to backup wallets by generating a 12-word security passphrase. This should then be printed and stored safely, in case of an emergency.
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated February 8, 2022