You are ready to become a part of the overwhelmed crypto community and buy your first Bitcoin. The money of the new era needs to have a great wallet.
The Internet resource introduces gladly a variety of services to store your precious coins. Today we will share with you the main principles of work of one of Bitcoin wallets from its official website bitcoin.com.
1. Easy to use
The service has a user-friendly interface and even newbies do not find any difficulties in operating the wallet. Users can buy Bitcoin Cash and Bitcoin here. Mind that these are two different cryptocurrencies.
In August 2017, Bitcoin Cash was created as a new version of Bitcoin, its hard fork. These two are not interchangeable, they are completely separate and can operate independently.
2. One place for Bitcoin and SLP tokens
SLP stands for Simple Ledger Protocol. A number of different projects are leveraging the tokenization protocol. It is up to you what types of coins to choose for investment and Bitcoin.com wallet allows storing Bitcoin and SLP tokens in its one safe place.
3. InstantPay makes it faster
Bitcoin.com declares that InstantPay makes faster payment transactions than Visa, Mastercard, and any cryptocurrency wallet out there.
InstantPay is an Indian largest Neo Banking platform providing all kinds of banking services both to individuals and to businesses.
To pay for your crypto coins, there are only a couple of clicks to be done. Set the threshold and scan the QR code, the payment will go to automatic completion in an instant.
4. Live price charts for better control
With the help of live price charts, you are able to stay on top of changing prices at all times. Bitcoin.com wallet provides you with them for Bitcoin Cash and Bitcoin.
It is one of the main tendencies of the cryptocurrencies to rise and fall. Our task is to catch the necessary momentum. Live charts will give you a proper understanding of this.
5. Enter and exit volatility with integrated Stablecoins
Bitcoin.com wallet allows users to enter and exit volatile cryptocurrency market cost effectively. Stablecoins are cryptos that attempt to peg their market value to some external reference. Their function is to transfer value cheaply and rapidly around the world while maintaining price stability.
6. Swap between BTC, BCH, and Stablecoins
Being Bitcoin.com users, you can rebalance your portfolio and swap Bitcoin for Bitcoin Cash or Stablecoins. In order to escape the volatility, the service allows you to swap assets to Stablecoins. When the market is more in your favour you can swap back.
7. Additional features
Bitcoin.com wallet gives an opportunity to make personal notes to your history of transactions. It is simple to view the information about the sender, currency and time.
The access to the wallet is done with the fingerprint unlock and every wallet has a backup not to lose under any circumstances. What’s more, you can find an interactive map to direct to merchants accepting Bitcoin Cash.
At the same time, there are websites listed in the application that receive Bitcoin Cash online as a payment.
In closing, we have provided you with a detailed description of the main features of the bitcoin.com wallet. Pay attention to the necessary functions and make your choice on a balanced decision.
When you are searching for a Bitcoin wallet, you will be attacked with so-called best offers only. Crypto community highlights the best wallets of 2020 with such names as Coinbase, Trezor, Ledger, SoFi and the list go further.
Be ready to learn all the cons and pros of using them. By the way, having several wallets is a good option as well!