You can use any Payment-Protocol-compatible BCH wallet with a BitPay charity who accepts BCH. The following wallets are fully compatible. They are currently working to add more fully-compatible wallets. BitPay Wallet; Copay Wallet; BTC.com Wallet; Edge Wallet (Formerly Airbitz) Bitcoin.com Wallet. To make test payments, you can use any Bitcoin testnet-compatible wallet. We recommend the BitPay app, a full featured bitcoin wallet developed by BitPay. When creating a new wallet, you need to enable the TESTNET mode as indicated on the below screenshot.

Over the past decade, Bitcoin has taken the world by storm. The leading cryptocurrency has made essential developments during that timeframe, allowing people to invest and make profit trading cryptos.

It is a known fact that cryptocurrencies as easier to use, safer, and offer much better privacy compared to the traditional fiat currencies. However, cryptocurrencies also have their disadvantages. Due to their value, Bitcoin has become the primary target of hackers. Over the past few years, millions of dollars’ worth of Bitcoin were stolen from the rightful owners. For that reason, it is crucial that cryptocurrency traders and investors protect their assets from hackers.

Wallets help keep your Bitcoin safe

Bitcoin wallets were created to help protect the cryptocurrencies. The wallets are equivalent to bank accounts, where people can deposit their Bitcoin for safekeeping. The wallets also allow people to send and receive Bitcoin.

There are different types of Bitcoin wallet, all designed to help keep a user’s funds safe. The hardware wallet (also known as the cold storage wallet) and hot wallets. The hardware wallets are electronic devices designed solely to keep cryptocurrencies secure. While cryptocurrencies can be kept safe offline, the device has to be connected to a computer or a mobile phone before the coins can be spent. The cold storage wallets are very crucial if you are serious about the security of your Bitcoin reserve.

The hot wallets, on the other hand, are wallets that run on the internet-connected devices such as a computer, tablet, or mobile phone. Unlike the cold storage wallets, the hot wallet operates online at all times.

Why cold storage wallets are right for you

Both the cold storage and hot wallets are handy for storing Bitcoin. However, the cold storage wallet is superior due to some of the features it possesses. Here are some of the reasons why you should go for a cold storage wallet.

• Impossible to hack: unlike the hot wallets, the cold storage wallets are offline devices, which means that it is impossible to hack them. The hacker would have to steal the device to gain access to your Bitcoin stash. Despite that, the cold storage wallet is usually protected with a PIN code.
• Easy to retrieve wallet after the device is stolen, damaged or lost: you will be required to create a secret backup code, which can be used to recover your Bitcoin stash in case your cold storage wallet gets stolen, damaged or lost.
• Easy to setup: another excellent feature of the cold storage wallet is the ease at which it can be setup. The device setup is not technical. Thus anyone can set them up.

Top three Bitcoin Cold Storage wallets

Ledger and Trezor are the leading manufacturers of wallet hardware in the cryptocurrency sector. The top three Bitcoin cold storage wallets are from these manufacturers. We will review the strength, weaknesses, and the cryptocurrencies they support.

Ledger Nano X

Ledger’s latest hardware wallet, the Nano X is currently the best cold storage wallet available in the market. Ledger designed this device to make it easier for people to store Bitcoin and a host of other cryptocurrencies. The user interface is simple, making it easy for less technical people to use.

Setting up this device is easy and can be done via an iOS device, Android, or computer. The Bluetooth connection on the Ledger Nano X has an end-to-end encrypted for your privacy, making it virtually impossible for someone to hack your cold storage wallet.

Pros

• Compatible with mobile devices
• Supports over a thousand cryptocurrencies
• It has one of the best security features

Cons

• It requires paired apps
• It is expensive

Ledger Nano S

This is the older version of the Nano X device. The Ledger Nano S is one of the cheapest cold storage wallets currently available. It offers almost the same level of security as the Nano X. Similar to the Nano X; this device also supports Bitcoin and over a thousand other cryptocurrencies. Thus, it is ideal for people that wish to invest in a wide range of cryptocurrencies.

The Nano S cold storage wallet is shaped like a USB flash drive and can be used on mobile phones and computers. The physical buttons on this wallet increase security as they both have to be pressed before an order is confirmed. Thus, the physical security makes it impossible for hackers to access your Bitcoin wallet.

Pros

• It is affordable
• Supports Bitcoin and a thousand other cryptos
• Physical buttons increase their security.

Cons

• It doesn’t support passphrases
• It requires paired apps

Trezor T

Trezor T is the second generation crypto wallet developed by Bitcoin company SatoshiLab. The device is known for offering a high level of security, extra screen protection, and transaction verification.

With the Trezor T device, users get a high level of security, including a 12-word recovery seed. In case of your hardware wallet being stolen, you can quickly recover everything on a new device.

Pros

• Trezor T offers verification
• The screen protection provides extra security
• It has a recovery seed card

Cons

• It is expensive
• Doesn’t support as many cryptocurrencies as the above mentioned two.
• There is no physical button

There are other cold wallet devices, including Keep Wallet, Mycelium, Secalot, Bitbox, OpenDime, Electrum, and Cool Wallets.

Other Bitcoin wallet solutions

There are other software solutions for storing Bitcoin wallets. Here are some of the software Bitcoin wallets.

Armory

Armory is a robust cold storage wallet that is freely available for users to download. The software was designed to ensure that users can carry out transactions even when they are offline. Armory is available for Mac and Windows OS users.

Exodus

The Exodus desktop wallet is another popular cold storage wallet. This wallet has advanced features, but the user interface makes it easy for anyone to use. The wallet supports Windows, Mac OS, and Linux devices.

Paper wallet

Paper wallets are public and private keys printed together. The paper wallet is an offline wallet that is virtually impossible to hack. They are lightweight and relatively secure for storing Bitcoin.

Conclusion

Cold storage wallets have certain benefits over the hot wallets. They are more secure for storing Bitcoin and a host of other cryptocurrencies. Ledger Nano X, Nano S, and the Trezor T are currently the best cold storage wallets available. There are other options including, Armory, Keep Wallet, Mycelium, Secalot, Bitbox, OpenDime, Electrum, and Cool Wallets.

Checkout with BitPay | BitPay Compatible Wallets | BitPay Bitcoin Exchange Rate | BitPay Network Fees | BitPay Refunds | Terms and Liability

Checkout with BitPay

MyDigitalDiscount.com customers looking to pay with Bitcoin (BTC) or Bitcoin Cash (BCH) can now do so following the steps below.

1. When finished shopping, navigate to the shopping cart page to choose a checkout option.
2. Click the first orange Checkout button with the Bitcoin and Bitcoin Cash logos underneath it.
3. On the checkout page, fill in all necessary information and select 'Pay with Bitcoin or Bitcoin Cash' under Payment Methods.

After clicking the Submit Order button on the checkout page, customers will be taken to BitPay's secure payment gateway where they can pay with a BitPay compatible wallet in one of three ways.

• Scanning the provided QR code.
• Copying the payment URL, beginning with bitcoin:?r=https://, and pasting it into your wallet's 'Send' screen.
• Opening the transaction in your wallet and confirming the information.

Because to the constant fluctuation in BTC and BCH value, customers will have 15 minutes to complete the payment with a prompt to resubmit payment again if time runs out. After payment is received, customers will be redirected to MyDigitalDiscount.com to verify completion of your order.

Note: Customers are required to pay BitPay Network Fees for each completed transaction. Please use another payment method if you wish to avoid added fees.

New to Bitcoin? Visit the following BitPay links to find out more.

BitPay Compatible Wallets

To assure the accuracy of each transaction, BitPay requires all Bitcoin and Bitcoin Cash payments be made using a Payment Protocol (BIP-70) compatible software or hardware wallet. Below is a list of Payment Protocol-compatible wallets currently accepted by BitPay and MyDigitalDiscount.com.

BitPay Bitcoin Exchange Rate

To calculate their exchange rates, BitPay incorporates only rates of Bitcoin exchanges which meet their strict regulatory, operational, and market depth requirements. Visit the link below for details on BitPay exchange rates for US dollars and non-USD currencies.

BitPay Network Fees

When paying a BitPay invoice, customers are sending the amount necessary to cover the invoice price, plus the standard BitPay network cost for each invoice. This total amount is reflected in the price your wallet fetches from the invoice when you scan to pay. It's also shown on the invoice's total BTC/BCH price.

This included network fee is used to cover the rising cost of making an Unspent Transaction Output (UTXO) sweep to process your payment. This cost is paid to Bitcoin miners in order for BitPay to access your payment and cannot be used again or included in any refund you receive from BitPay.

Please note, the cost for a UTXO sweep is different from the miner fee from your Bitcoin wallet. BitPay does not receive the miner fee your Bitcoin wallet includes in the outgoing Bitcoin transaction. Your miner fee helps determines how fast your payment will confirm on the Bitcoin network. This is a function of the Bitcoin network. BitPay can NOT control confirmation times on the Bitcoin network.

In the event of a refund for an underpayment or overpayment via BitPay's refund processing flow, the miner fee required to issue the refund will be deducted from the amount that returns to your wallet address.

To reduce these network fees, BitPay suggests customers make Bitcoin purchases in larger groups to offset the cost across a larger value. Example: Instead of making ten $10 payments, try to make two $50 payments or one $100 payment.

BitPay Refunds

Because the price of Bitcoin can fluctuate, MyDigitalDiscount.com only offers Current Rate Refunds on orders paid with BitPay checkout.

Current Rate Refunds are calculated using BitPay's Bitcoin Best Bid (BBB) rate at the time the refund is made. The precise Bitcoin amount will likely differ from the original amount sent, but it’s value will be equivalent in the pricing currency.

Additionally, when receiving a refund from BitPay, customers will get the total invoice amount minus the BitPay network cost and the miner fee for returning the payment.

To request a return or refund, please follow the steps outlined in our Return Policy.

Terms and Liability

Bitpay Compatible Wallets For Sale

MyDigitalDiscount.com will not be held responsible for orders paid for using stolen cryptocurrency. If such an order has shipped, BitPay refunds will only be issued after the items have been returned and inspected.