Bitcoin SV (BSV) is one of the several cryptocurrencies that include the word ‘Bitcoin’ in its name. There is a reason for it. Bitcoin SV (short for Bitcoin Satoshi’s Vision) was created on November 15, 2018, as a fork from Bitcoin Cash (BCH).
Bitcoin SV adheres to the initial principles of Bitcoin as envisaged by its creator (or creators), Satoshi Nakamoto, on its original white paper. So, Bitcoin SV aims at bringing more decentralization and scalability to the network. The team behind this cryptocurrency has introduced several technical improvements that allow the network to process tens of thousands of transactions per second. At the same time, users pay extremely low transaction fees.
This cryptocurrency has been successful in the crypto sphere. Its creators claim BSV is the original Bitcoin. At least, they say, it is the closest to what Bitcoin was meant to be. As such, many crypto traders and investors have added BSV to their portfolios. If you plan on following suit, you need to get a crypto wallet to store your BSV coin safely.
However, there are just a few crypto wallets that support Bitcoin SV. Not all of them meet the minimum levels of security and overall quality for a safe wallet. Therefore, we have compiled a list of the best Bitcoin SV wallets in the market. You can confidently select a Bitcoin SV wallet from the following list for your trading or a long-term investment.
Atomic Wallet
This crypto wallet is open-source, decentralized, and anonymous. It was launched in 2018 and supports 300+ digital coins and tokens including BSV. The desktop Atomic wallet features a built-in noncustodial exchange, which some crypto traders find convenient. This wallet is available for different operating systems including Windows, Mac, and Linux.
Coinomi
This wallet was launched in 2014 and supports 380+ cryptocurrencies, including BSV. Coinomi offers a good security level since it keeps your IP address hidden while you transact with cryptocurrencies. What’s more, it doesn’t store your private keys on the Coinomi server. It also has a built-in crypto exchange. There are mobile (iOS and Android) and desktop (Windows, Mac, and Linux) versions of this wallet. Coinomi is one of the most user-friendly wallets in the market. Therefore, it is ideal for beginners.
Guarda
This multi-asset wallet was launched in 2017. It supports various cryptocurrencies, including BSV. There are mobile, desktop, and web versions of the Guarda wallet. Besides storing cryptocurrency, you can also buy, exchange, and stake crypto on this wallet. It is one of the best options for novice traders and investors owing to its user-friendliness.
Electrum SV
This desktop wallet was launched in 2018. It was developed by Thomas Voegtlin, a member of the BSV community. As such, it is considered a BSV desktop client. This BSV wallet is available for various operating systems, including Windows, Mac, and Linux.
Ledger Nano S
This crypto wallet is one of the most secure you can find in the market. It is a hardware wallet that has become very popular among traders and investors of all experience levels. The Bitcoin SV team has announced that Ledger Nano S will support BSV soon. We look forward to this development.
Centbee
This mobile wallet was launched in 2017. It is available for iOS and Android. It is one of the safest BSV wallets in the market. It is not open-source, but the developers guarantee the wallet is continuously improved to ensure its security. Until now, no hacking incident has been reported with this wallet.
Exodus Wallet
This multi-asset wallet was founded in 2016. It supports 95+ digital assets, including BSV. It also features a built-in exchange. Exodus is a desktop wallet available for Windows, Mac, and Linux. There is also a version for smartphones.
Conclusion: Which Wallet Is Best?
The best Bitcoin SV wallet is the one that satisfies most of your requirements and needs. For instance, if you are a less experienced investor, you probably need a user-friendly wallet like Coinomi or Guarda. However, any wallet in the list above will meet the requirements for security to safeguard your Bitcoin SV coins.
FAQ
Is BSV a Good Investment?
Bitcoin SV has shown a lot of price volatility since its launch in 2018. It has had several short-lived price hikes. However, this coin has managed to keep its value. The BSV community is strong and works toward delivering the vision of Satoshi Nakamoto. The future of this cryptocurrency looks promising. It may represent a good long-term investment.
Is BSV Better than BTC?
It depends on which parameters we evaluate. If we consider the adherence to the original Bitcoin white paper, BSV is doing better than BTC. But if we compare price performance, BTC is much better.
Is BSV the Real Bitcoin?
While some experts dispute the claim, Bitcoin SV has restored the original Bitcoin protocol. It is difficult to deny that BSV is the closest cryptocurrency to what Satoshi Nakamoto outlined in the original Bitcoin white paper.
Disclaimer
Please keep in mind that the above information is based exclusively on our observations and is provided for informational purposes only. It doesn’t constitute any kind of financial advice nor represents an official forecast. Cryptocurrency is a highly volatile asset, and you are investing in it at your own risk.
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