Can i send btc to bch wallet
Freewallet usually supports cross-chain transactions via smart exchanges. So when you post, for example, an Ethereum address in your Bitcoin wallet , we provide you with an exchange service, converting Bitcoin to Ethereum on the go.
Our system has an integrated address validator. Bitcoin and Ethereum addresses are different, and the system understands it. Some addresses, however, are of the same format, and no validator can see the difference. In the Bitcoin and Bitcoin Cash networks, addresses look the same as well.
Good news! To access your coins you need to access that address. Here is a brief guide to start: Check the transaction in your wallet — if it was a smart exchange, it will be marked. Check the destination wallet address in both chains. Use any blockchain explorer. Any good Bitcoin Cash wallet should be free. If someone is trying to sell you a Bitcoin Cash wallet, be careful. Some wallets choose to cover those fees for you while others let you choose the fee higher fees result in faster transaction time.
How to deposit and withdraw from Bitcoin Cash Wallet The crypto industry has come a long way over the years. Nowadays, Bitcoin Cash wallet apps are so user-friendly, anyone can figure it out. To deposit or withdraw Bitcoin Cash using your wallet, just open up your app and find Bitcoin Cash in the wallet section. You should then see buttons to deposit or withdraw Bitcoin Cash.
Simply choose an option and follow the instructions. If you want to deposit, a deposit address will be provided. Just copy and paste that address so the person sending your Bitcoin Cash can do so. If you are withdrawing BCH, then you need to copy and paste the address from the wallet on the receiving end of the transaction so you can send the Bitcoin Cash there. Types and differences of Bitcoin Cash wallets - How to choose the right one for you?
Bitcoin Cash wallets come in all sorts of lovely shapes and sizes. So finding the best one for you should be a relatively easy task. Here are a few different types you can explore. Users get complete control over the wallet just as they would with a mobile wallet, just in a desktop environment. The main difference is that some desktop wallets have more advanced functionality like the ability to operate a complete node or full crypto exchange integration. Mobile BCH wallet More or less, a mobile BCH wallet performs the same functions as a desktop wallet but on a mobile device such as a smartphone.
Mobile BCH wallets are often more convenient due to their portable nature and the ability to scan QR codes for quick crypto transactions in stores or between peers. Web BCH wallet Web BCH wallets are wallets that exist on a website or online service that allow users to send and receive cryptocurrency in addition to storing it.
These wallets can be accessed anytime, and anywhere as long as there is the internet. Some of the most popular crypto services in the world are web wallets such as Coinbase, Kraken, Binance, and YouHodler. Security is a concern for web wallets but that can be managed with due diligence to make sure the web wallet you choose has a good history of high-level security and insurance. However, there is a Bitcoin Cash wallet that is best for you and that depends on your wants and needs.
At YouHodler, we tried our best to create a diverse, multi-faceted wallet that appeals to all sectors of the crypto industry.
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Our system has an integrated address validator. Bitcoin and Ethereum addresses are different, and the system understands it. Some addresses, however, are of the same format, and no validator can see the difference. In the Bitcoin and Bitcoin Cash networks, addresses look the same as well.
Good news! To access your coins you need to access that address. Here is a brief guide to start: Check the transaction in your wallet — if it was a smart exchange, it will be marked. Check the destination wallet address in both chains. Use any blockchain explorer. Find the destination address there. You need to understand who has access to this address. If you send Bitcoin to any other address formats apart from these three types then your wallet client will reject the transaction with incorrect address error message.
Also you cannot send Bitcoin to other networks like for example to Ethereum, Litecoin or Dash addresses directly. The address formats of these coins are totally different. So if someone does this by mistake then what happens? Since both these coins operate on two separate blockchains; Bitcoins sent to an address on the Bitcoin cash blockchain will never appear on Bitcoin cash blockchain. Likewise Bitcoin cash sent to an address on Bitcoin blockchain will never appear on Bitcoin blockchain.
Only way one can transfer is by exchanging them. Without the conversion the coins will not leave the respective blockchains. Now the person who has the private key for the address efgh in Bitcoin cash also owns the coins on Bitcoin blockchain. It is because they both refer to the same keys. If someone accidentally sends their coins to an address for which they do not own private keys then the coins are basically lost.
Bitcoin is owned by those who have control to the private keys. Also due to anonymous nature of the wallet addresses it is not possible for one to contact the address owners. Bitcoin cash — Change in address format In an effort to alleviate the confusion between the two currencies; Bitcoin cash BCH developers changed their address format to CashAddr CashAddress.
The CashAddr address format looks like this: qzstp4swtxg40rkn0jrta3vkwyx4jj5fmdl2vtm You can use this converter to convert old style legacy address or CashAddr format or vice versa. However as we said the old BCH legacy address are still in use by some exchanges and third party wallet operators. For example: Binance, Coinbase, Blockchain wallet etc. These service providers hold the private keys of your deposit address.
So even if by mistake you transfer the wrong coin they will be able to recover it as they hold the private keys. However they are less likely to help you with this issue. This is why they place this message below your deposit address: Send only BTC to this deposit address. Sending coin or token other than BTC to this address may result in loss of your deposit.
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