During the last few months in the midst of the coronavirus outbreak and faltering global economy, many individuals have shown an interest in bitcoin and other cryptocurrencies. However, oftentimes people can find the process a bit daunting because they are not used to using crypto assets and have never experienced the process. The following article is a quick guide on how to get a cryptocurrency address, receive digital assets, and send them as well.
Creating a Bitcoin Cash Wallet and Obtaining a Receiving Address
Amid the crazy economy, a lot of people have noticed a number of cryptocurrencies like bitcoin (BTC), ethereum (ETH), and bitcoin cash (BCH) have done far better performance-wise than a majority of stocks, bonds, and commodity assets worldwide. For instance, the crypto asset bitcoin cash (BCH) dropped to a low of $150 per unit on March 12, 2020, otherwise known as ‘Black Thursday.’ The price of bitcoin cash has gained 60.66% since then at today’s BCH price of roughly $241 per BCH. At a price of $9,453 per unit, Bitcoin (BTC) has gained 162% since March 12, when it traded for $3,600 for a brief period that day.
Besides the price rises, many people are beginning to understand the importance of a censorship-resistant and permissionless, electronic peer-to-peer cash. However, many people get frustrated when they try and learn the process of obtaining a crypto address, receiving digital currencies, and sending them to people after learning to store them in a wallet. In this article, you will learn the basics of all three of those tasks by leveraging a noncustodial Bitcoin.com Wallet and some practice.
In order to get a cryptocurrency address, you need a wallet. Basically crypto wallets are software applications that allow you…