Bitcoin cash wallet – How to set up and create a BCH account | BTC Direct

How do I secure my bitcoin cash wallet?

Using a hardware wallet is the safest option for managing your bitcoin cash. A hardware wallet is not in constant connection to the internet, significantly reducing the chance of your wallet being compromised. However, there are plenty of other ways to keep your online wallet or software wallet as safe as possible.

Two Factor Authentication
In the safety settings of your wallet you can choose the option Two Factor Authentication (2-FA). This means you log into your wallet with several devices. In addition to your password, a code is required as well. This code could be sent to you by SMS, or through an app such as Google Authenticator. This is useful because potential hackers won’t be able to access your wallet with just your password.

Write down your recovery seed
Regardless of which wallet you’re using, you always have to write down the recovery seed of your wallet. This is a sequence of 24 words, with which you’ll always have access to your coins. Some wallets provide the seed immediately, in others you’ll have to check the settings for the 24 words.

Use pen and paper to write down the recovery seed and store it safely offline. This is the backup for your wallet. Should you ever lose your password, then you’ll be able to access your wallet with the help of your recovery seed. You can even use it to access your coins from a different wallet.