Top Hot and Warm Wallets for BSV - Electrum SV, Rockwallet and Hand Cash
Summary
TLDRIn this educational video, Marquez, the founder of bsvsearch.com, delves into the world of Bitcoin SV (BSV) wallets, focusing on transitioning from cold to warm wallets. He demonstrates using the Electrum SV wallet to activate a cold wallet, further showcasing Rock Wallet and Hand Cash for their unique features, including buying BSV with credit cards and app integration, respectively. Marquez explores functionalities like multi-signature security, transaction history export, and app ecosystems, offering viewers a comprehensive guide on receiving, storing, and sending BSV securely and efficiently.
Takeaways
- 💻 Public keys or Bitcoin addresses allow for the receipt of Bitcoin SV (BSV) tokens.
- 📱 Cold wallets, including paper wallets, securely store BSV without internet connection but cannot directly send BSV.
- 💳 To spend BSV from a cold wallet, one must set up warm or hot wallets, such as Electrum, Rock, or HandCash wallets.
- 💵 Electrum wallet facilitates activating cold wallets and sending BSV, with support for multi-signature security.
- 💲 Rock wallet offers the ability to buy BSV using credit cards and features practical for business transactions, including exporting transaction histories to CSV.
- 📈 HandCash wallet specializes in integration with apps for automatic transactions, using unique user handles instead of complex Bitcoin addresses.
- 📦 KYC (Know Your Customer) procedures are necessary for setting up and using some BSV wallets, ensuring user identification and security.
- 💰 Multi-signature wallets provide enhanced security by requiring multiple approvals for transactions, beneficial for both personal and business use.
- 📲 Sweeping a cold wallet to a warm or hot wallet involves transferring the balance to be spendable but may encounter technical issues in some wallets.
- 🚀 BSV wallets have unique features catering to different needs: Electrum for cold wallet activation and multi-signature, Rock for business transactions and buying BSV, HandCash for app integrations and ease of use.
Q & A
What is the purpose of the video?
-The main purpose of the video is to demonstrate how to activate and use a cold (paper) wallet to receive and send Bitcoin SV (BSV) tokens, as well as introduce different types of hot/warm wallets like ElectronSV, RockWallet, and HandCash.
What is a cold or paper wallet?
-A cold wallet, also known as a paper wallet, is a Bitcoin wallet that is not connected to the internet. It stores the private keys offline, usually printed on paper, making it one of the most secure ways to store cryptocurrencies.
How can you activate a cold wallet to make it a warm wallet?
-To activate a cold wallet and make it a warm wallet, you need to import the private key from the cold wallet into a hot/warm wallet software like ElectronSV or RockWallet. This process is known as 'sweeping' the cold wallet.
What is the purpose of using ElectronSV?
-ElectronSV is a lightweight SPV (Simplified Payment Verification) wallet that allows you to activate a cold wallet by importing the private key, view transaction history, send and receive BSV tokens, and create multi-signature wallets.
What are the advantages of using RockWallet?
-RockWallet allows you to buy BSV tokens using a credit card, export transaction history to CSV format for accounting/reporting purposes, and includes a 'memo' feature to add notes to transactions for better organization.
What is unique about HandCash?
-HandCash is a hot wallet that integrates with various BSV apps and websites, allowing you to transact BSV automatically within these apps without needing active approval for each transaction. It uses usernames (handles) instead of addresses.
How can you export transaction history from RockWallet?
-In RockWallet, you can go to the 'More' menu, select 'Export Transaction History to CSV', and then open the CSV file in a spreadsheet software like Excel or Google Sheets for accounting and reporting purposes.
What is the purpose of multi-signature wallets in ElectronSV?
-Multi-signature wallets in ElectronSV allow you to set up a wallet where every transaction requires a certain number of signatures (e.g., 2 out of 3 cosigners) for added security and practical business applications.
Can you buy BSV tokens directly through HandCash?
-No, at the time of the video, HandCash did not have the feature to buy BSV tokens directly using a credit card. You would need to transfer BSV from another wallet to your HandCash wallet.
What are some examples of BSV apps integrated with HandCash?
-Some examples of BSV apps integrated with HandCash mentioned in the video include PayPistol (for simultaneous payments), Boards (forum-like app), BSV2048 (puzzle game), RealWorldPodcasts, Lament (content monetization), and various games, social platforms, and monetization apps.
Outlines
🔍 Introduction to Checking Cold Wallet Transactions
Marquez, the founder of bsvsearch.com, introduces the process of checking transactions made to a cold wallet created in a previous tutorial. He demonstrates using the 'What's on chain' BSV block explorer to verify three payments made to the cold wallet's Bitcoin address, which he had made himself for demonstration purposes. The video then transitions into discussing the conversion of cold wallets into warm wallets using the Electrum wallet for sending BSV tokens. Additionally, it introduces Rock wallet for buying BSVs with credit cards and Hand Cash for its utility in apps requiring automatic transactions.
🔄 Activating and Using a Cold Wallet with Electrum SV
This section delves into the specifics of setting up and using the Electrum SV wallet to activate a cold wallet, transforming it into a warm wallet. Marquez demonstrates creating a new wallet, importing a private key from a previously generated cold wallet, and confirming the balance transfer to the new warm wallet. He showcases how to send BSV tokens to another address, including the process of entering the recipient's address, the amount to send, and adding a transaction note for record-keeping.
🌐 Exploring Block Explorer and Introducing Rock Wallet
Marquez explains how to use a block explorer to verify a transaction's status, moving from unconfirmed to confirmed. He then introduces Rock wallet, focusing on its feature to buy BSVs with credit cards and its practicality for regular payments in business. The segment touches on the KYC process required by Rock wallet and showcases the wallet's features, including security settings, recovery phrase importance, and transaction details.
🔄 Swapping Cryptocurrencies and Receiving Payments in Rock Wallet
This part of the script explains how to swap cryptocurrencies within Rock Wallet, specifically converting Ethereum to BSV. It also covers the 'Receive' feature, demonstrating how to request payments by showing or sharing a QR code. Marquez highlights the wallet's ability to export transaction history to CSV, beneficial for business reporting and record-keeping.
📱 Setting Up and Utilizing Hand Cash Wallet
Marquez guides viewers through the setup and use of Hand Cash, a hot wallet known for its integration with various apps. He details the process of adding money, sending payments, and the unique feature of using usernames (handles) instead of traditional Bitcoin addresses for transactions. The segment also mentions the current inability to buy BSVs directly with credit cards in Hand Cash and its distinct advantage of connecting to apps for automated transactions.
🌍 Exploring Apps Integrated with Hand Cash
This final section explores the range of apps integrated with Hand Cash, demonstrating its capability as a hot wallet for automatic transactions in various applications. Marquez briefly introduces several apps, including gaming, trading, content monetization, and more, emphasizing Hand Cash's unique position in facilitating transactions across diverse platforms. He concludes by inviting viewers to subscribe for future content and share their preferred wallets and experiences.
Mindmap
Keywords
💡Cold Wallet
💡Public Key
💡Private Key
💡Electrum SV
💡Rock Wallet
💡Hand Cash
💡Block Explorer
💡Multisignature Wallet
💡KYC (Know Your Customer)
💡Recovery Phrase
Highlights
In the previous video, we learned how to create a cold wallet (paper wallet) to receive Bitcoin SV (BSV) payments, and now we will check if there have been any payments made to that cold wallet.
We will use the What's On Chain BSV block explorer to view the transaction history of the cold wallet's public key, and indeed, there were three test payments made to that Bitcoin address.
To actually spend the BSVs received in the cold wallet, we need to set up a warm or hot wallet, as cold wallets are not connected to the internet and cannot directly send payments.
We will demonstrate using Electrum SV, a lightweight SPV wallet for BSV, to import the private key from the cold wallet and activate it as a warm wallet.
Electrum SV allows us to import private keys, create multi-signature wallets for enhanced security, and send BSV payments to other addresses.
We will also explore Rock Wallet, a wallet that allows buying BSV using credit cards and exporting transaction history to CSV for accounting purposes.
Rock Wallet requires Know Your Customer (KYC) verification but offers features like setting transaction memos, swapping between cryptocurrencies, and requesting payments via QR codes.
The third wallet demonstrated is HandCash, a hot wallet integrated with various BSV apps and websites, allowing automatic transactions without manual approval for each transaction.
HandCash uses usernames (handles) instead of long Bitcoin addresses, and it showcases a gallery of apps that can be integrated with the wallet for different purposes like games, content monetization, and predictions.
While HandCash cannot currently activate cold wallets or buy BSV with credit cards, it offers a unique integration with various BSV applications and services.
The three wallets (Electrum SV, Rock Wallet, and HandCash) provide different features and capabilities for receiving, sending, and managing BSV transactions, catering to various user needs and preferences.
Setting up multi-signature wallets in Electrum SV allows for enhanced security by requiring multiple signatures for each transaction, potentially useful for business applications.
We encountered a technical issue while attempting to sweep (import) the cold wallet's balance into Rock Wallet, suggesting a potential bug that needs to be resolved.
The video encourages viewers to experiment with the demonstrated wallets and share their experiences, particularly regarding their favorite wallet and the reasons behind their preference.
The video aims to provide a comprehensive overview of different wallet types (cold, warm, and hot) and their respective features, enabling viewers to make informed decisions about managing their BSV transactions.
Transcripts
hi my name is Marquez founder of
bsvsearch.com
in the previous video I showed you how
to create a cold wallet sometimes called
a paper wallet if it's actually printed
on paper
we concluded in that video that once you
have a public key
or a Bitcoin address
people can pay you Bitcoin SV tokens
bsvs to that Bitcoin address
so we're going to go back to that cold
wallet the one that we created last time
and check to see if there'd been
payments made to it
in this video we're going to use the
what's on chain bsv block Explorer
here it is
here's the public key
we're now viewing the transaction
history of that public key
and indeed we can see that there were
three payments made to that Bitcoin
address
well that was actually just me
depositing a few cents to that Bitcoin
address so we can have data to use for
these demonstrations
so let's pretend that this is your
wallet and looking at this it looks like
you've received three payments
now you can leave these bsvs on this
cold wallet for as long as you want
as long as no one knows your private key
then your Bitcoins will be safely stored
on the Bitcoin SV blockchain
but let's say now that you actually want
to spend these Bitcoins
what do you do
we mentioned in the previous video that
cold wallets or paper wallets are not
connected to the internet so you cannot
actually send bsvs to anyone from these
types of wallets
to be able to send bsvs you will
actually need to set up warm or hot
wallets
the wallets I will be demonstrating in
this video are the electro wallet
we will use this to activate our cold
wallet or shall we say to make our cold
wallet warm
we will also use electron wallet to send
bsvs
then I'll show you rock wallet
Rock wallet allows you to buy bsvs using
credit cards and it's got features that
I believe are practical and useful for
people wanting to receive and use bsvs
for regular payments in business
and finally I will show you hand cash
because Hand Cash is used by a lot of
apps as a hot wallet that allows you to
interact with the app that requires
payments or pays you automatically
without needing your active approval for
each transaction
this is useful if for example the app is
a computer game and you pay to play or
you use bsvs to buy assets within the
game or you may get psvs as Rewards
we'll go to the website electrumsv dot
IO
this is the website
it's got an about page it's got a page
where you can download the documentation
is there and if you need support it's
here
now let's click on the download link and
this is what we see we can download
different versions
this Mac OS there's Windows there's a
portable executable for Windows which is
something of which I am a fan because
what you can do with these is that
you can just basically store these
executable files on a USB stick and you
can run it on any computer without
having to install it on that Windows
computer
so I'll download the portable.xc file
now let's check out the documentation
this is the documentation
there's a guide on how to create a
Wallet create an account receive
payments various topics there that you
can read about
all right so now that I've downloaded
the file on my computer I can see it on
my Windows File Explorer electrom SV
portable dot XE so I'm going to double
click on that to run it
pops up with window introducing itself
electrom SV is a lightweight SPV wallet
for Bitcoin SV
let's just click next
we're faced with an option here do we
open another wallet or create a new
wallet
but of course we don't have any wallets
yet so we're just going to create new
wallet by clicking on this button here
and we can see that it says enter a new
wallet file name so we're just going to
create a new file name in this case I'm
going to create a folder first call it
electron wallet I'll name it electrum
wallet for testing and make up a
password so it's open up the wallet file
it seems because now we've got a file
name loaded here it says electron wallet
for testing which is what we named our
wallet so let's just going to create an
account
on this pop-up window we can see that
we've got four options for account type
options one is the standard
second one is multi-signature and the
third option is to import from text
which is a seed phrase a public key a
private key or addresses we can also
import Hardware wallet
on this import account from text window
you can see that there are different
options that you can use to import a key
there's electrum old style seed words
there's electrum seed words
bip39 seed words extended private Keys
extended public key addresses and
private keys
now we're going to use private keys
because that's the one we have when we
generated our cold wallet in the
previous video so I'm going to choose
private key I'm going to paste the
private key here
it asks us to type our password
so it is important to have that password
with you because you will need it for
when you need to operate your wallet
so it looks like it's created it now we
can see here it says imported private
keys
and we've got an information warning
here saying back up your wallet
now if we click on the case tab we can
see the balance
of what was our cold wallet
which is
0.00142893 so that's a check that we can
do to ensure that we have now activated
our cold wallet to a warm wallet
if we click on the history tab it shows
us the transaction history
of that wallet as well
now if you click on the send tab
this is the tab that we will use to pay
or transfer bsvs to another address
we can see three Fields the first one is
paid two
so that would be a public address a
public key where you want to transfer or
send bsvs to
the second field is the amount so how
many bsvs you wish to send
there's a button there if you click Max
it means maximum
so that you're asking the wallet to
transfer everything you've got in this
wallet
to another address
the Third Field is a description field
you can use this to type notes to remind
yourself the purpose of this transaction
it helps when you're reconciling
transactions there's also a receive tab
but we will skip that for now
I'm going to log out of this account
to see how it would work if we can
reopen it again
so I'm going to go back
to run electromax V
so I'll double click that portable
executable file again
now this time around it detects now that
we have an electrom SV wallet
it shows us a list of recently opened
wallets so we we can see the last one
that we've just created
and when you open it it will ask you for
the password that you've used to create
it
so here we go we've opened the wallet
now we're now interested in finding a
way to send bsvs so we're going to go to
the send tab
and we're going to paste here the public
key the Bitcoin address where we want to
transfer bsvs to
we type in the amount that we want to
transfer or send
and I'm going to put a note here to say
pay or transfer half of funds to a
supplier a business partner and so on
and click on send
it pops up with a pop-up window
the next pop-up window comes up with a
confirmation
showing you the amount you're wanting to
send so the cost of minus to process
your transaction
and you type in your wallet password you
press ok
and here you go you you get an
information showing you what you can
think of as a receipt number which is
the hash number press OK and then you
can see now when you go to transactions
instead of there being three
transactions you now see a fourth one
and the fourth one says it is
unconfirmed it shows the description
that you've used before it is the
correct amount that you wanted to
transfer
and now the balance that you've got on
this wallet
what I want to show you next is to check
this transaction
on a block Explorer
so we're going to click here and now we
can see the transaction ID
we're going to copy this to our
clipboard and we're going to go to
what's onchain.com and paste that
transaction hash on the search window
right right here and here it is here's
its details
it is showing that it is currently
unconfirmed now let's go to the other
wallet the other wallet that we sent the
transaction to
um
it's going to be using a different
wallet so it looks a bit different to
electrome SV
this is actually Rock wallet which is a
wallet that I'll be showing you in the
next part of this video now the Bitcoin
address that we transferred the bsv to
is that bsv wallet right here so let's
say this is the wallet of the person
that you're transferring your money to
let's call this the recipient wallet
because it's the wallet that's receiving
the bsvs if we click on that wallet the
PSV wallet you can see that there is a
transaction pending
now we've waited a few minutes
and the transaction has gone through so
the recipient wallet will see this it
will see that there's a transaction
that's been received
and it can see that it's already been
confirmed
three times
it's got the details of the transaction
there the transaction has been included
in block number
780833 in the blockchain and it's been
confirmed three times by the Bitcoin
Network already
now if we go then to
what's on chain and update that
we can see
that it's no longer showing as
unconfirmed
it is now confirmed
we've now gone through the most
essential and most important things that
we need to be able to do in electromax v
but before we leave electrum SV to have
a look at Rock wallet let's just have a
look at an interesting feature that
we've just seen which is the multi
signature wallet feature in this video
we don't have time to have a look at
multi-signature wallets in depth but
we're just going to have a quick look
because it is a very important feature
for wallet security and it could also
have lots of practical business
applications for which might be useful
for you in the future
let's create a wallet named third test
multisig
and we're going to open that wallet
we're going to add an account
and we're going to choose
multi-signature
now what does it have here
we see there are two options cosigners
and signatures
so at the top it's saying from two
cosigners requiring two signatures
so what this means is that do you want
every transaction to be signed by at
least two
of the two cosigners and it looks like
you can change this so you can have
for example three cosigners requiring
two signatures so every transaction must
be signed by at least two of three
cosigners
and here you can have
five cosigners requiring two signatures
you can have six seven and a maximum of
about fifteen fifteen cosigners and
fifteen uh signatories
so let's just have a look at a basic one
Let's uh take a look at
us requiring every transaction to be
signed by at least three of the three
cosigners so let's choose that let's
click next and what we see here is
basically
we need to put cosine of details of
these three cosigners and it's got
fields which are Master publicly I think
it's got options there you can add a
name so it could be a name of a person
or a bank
your lawyer your accountant
that could be the first signatory
the next one would be you
and the third one will be the
beneficiary or the recipient and that
could be whoever you're paying so
basically what this is useful for you
can set up a wallet like this so that
every transaction is only approved
if you approve if there's a recipient
approves and
if your accountant lawyer Bank brother
sister
parents
if they would sign
so have a think about that because I
think it has a lot of practical
applications for transactions that take
place every day in business and in
everyday life we're now going to take a
look at Rock wallet we will be using the
Android version
so here I am showing you the screen of
an Android phone I'm going to go to
Google Play Store
I'm going to search for rock wallet and
you'll recognize it with that logo
so you can click on that
the first time you'll see it it'll ask
you to install it just click the install
button and once it is installed it's
going to look like this when you go back
to Google Play Store it will have an
open button and when you click open I
remember when I first ran it I think it
asks to do kyc know your customer what
that means is that before it deals with
you it needs you to identify yourself
and that's uh basically involving me
having to upload a passport on my
driver's license or identity card the
whole thing probably just takes under
five minutes you know just reading
everything especially if it's your first
time you're reading everything to make
sure you're not going to make a mistake
and the check itself just took no longer
than about 10 minutes wait and then I
got a confirmation of the result
so the kyc process happens pretty
quickly
and when it's done I basically did some
test transactions as you can see here
there's already balances on these
wallets
because I was using this wallet to do
some tests before I can demonstrate it
to you
so I'm going to take you around this
wallet and on the profile page you'll
see this
you'll see the email address attached to
this wallet
and you can see your limits based on the
type of kyc you've done
so in this case I can buy about 500
usd's worth of bsvs if I wanted to you
can click on payment method you can add
your credit card details
you have options for security settings
you have an option for enable
fingerprint authentication you can
update your PIN here
and you can check your recovery phrase
this is very important recovery phrase
is like your private key
this wallet works with recovery phrases
instead of giving you the private keys
of each wallet so instead of remembering
numbers and letters you just remember 12
seed words that are used to generate the
public key and the private keys of the
wallets you use of the Bitcoin bsv
addresses that you will use with this
wallet so it is very important not to
lose your recovery phrase
there's about 12 words and you need to
write them down somewhere with the
correct order
because you will need that if you need
to restore your wallet
and access your funds
let's go back to the bsv wallet so it
shows you your activity and if you click
open the details of one of these
activities you can see all this
information the date and the time of the
transaction the Bitcoin address what are
the funds were sent to in this
particular case in this particular
example we're looking at a transaction
where we sent money to a specific
address so here we see the date and the
time of the transaction the destination
address the network fee the transaction
ID how many times that transaction has
been confirmed in the network the Block
in which that transaction has been
included and the exchange rate when that
bsv was sent
this is very useful when you're
reporting your transactions for business
purposes
another neat feature here is the memo
option where you can add notes to
transactions and this helps remind you
of what these transactions are about
again it is very helpful when you're
trying to reconcile these for reporting
purposes in this particular case you can
basically just type the details of the
transaction here
I'm going to show you this swap option
as well
in this wallet we've got five dollars
worth of ethereum and we've got 93 cents
worth of beers fees let's presume that
we want to convert ethereums to bsvs so
here we've got a swap button we
basically go there type the bsvs that we
want to transfer and here we expect to
be able to get
4.69 worth of bsvs if we want to
continue and go ahead with that
transaction
no
I'll show you this receive Button as
well
if you want to request to be paid you
click on the receive button this will
pop up and as you can see you can
basically show this to the person either
in front of you or on a screen if you're
communicating via computers the person
can just simply scan this QR code with
their phone to transfer funds to you one
feature that this has is it allows you
to request an amount and as you can see
as we type
it also updates the QR code I'll just
take you through the the more menu here
it's basically got these options scan QR
code feedback Support Review about
preferences security settings and Export
transaction history to CSV
here you got options to modify the
currency in which your coins are valued
So currently we're using US dollars but
there's many options depending on where
you are and depending on which currency
you deal with
on the preferences tab there's the bsv
menu BTC menu PCH menu
since we're only concerned with bsv
let's click on bsv menu and here we can
see sweep wallet and sync blockchain now
sweep wallet is very useful when you
have a cold wallet and you need to
import it you need to import that
balance to your rock wallet so that you
can actually transfer or spend it using
Rock wallet now we're going to test that
now we're going to sweep wallet we scan
the private key
now let's just quickly check at how our
wallet sweeping activity is going we've
asked Rock wallet to sweep the balance
of a cold wallet we've entered the
private key and it's still not going on
so I've made several attempts to do this
and I keep getting the same result it
just seems to be stuck and it's not
really doing anything so I I think there
might be a bug I don't think we can
successfully sweep a wallet for this
demonstration
I'm going to take you through now a very
important feature that I think is very
useful for for business or for just
everyday things if you're going to
transact a lot with bsvs and between the
three wallets that we're looking at in
this video rock wallet is the only one
that has this it allows you to export
transaction details to CSV you can then
open that up in Excel or or Google
Sheets to manipulate it as a spreadsheet
that you need to use to report your
business activities
so I'm going to show you how it works
you just go to this option choose export
transaction history to CSV it will ask
you to export it I'm going to send it by
email so it basically attaches a CSV
file to the email and when I go to my
email and open the CSV file in Excel
save it as an Excel spreadsheet this is
how it looks like you've got your
currency here the currencies you're
dealing with the timestamp so that's the
date and the time of when these
transactions have taken place you've got
the transaction hash and it tells you
whether this transaction is you
receiving or you sending the address
from which it was sent to or received
and there's a recipient address you've
got the amount of the coins that you've
sent and it shows you the fees so that
way you can calculate how much you are
losing on fees and remember the memo
that I've showed you where you can
actually insert text to give yourself
hints as to what each of these
transactions are
this is where it is so I just wanted to
show you this because for businesses who
want to get serious about
using bsvs this is a very helpful tool a
very helpful feature that rock wallet
has gotten right in my opinion
now the third and final wallet we're
going to cover in this video is Hand
Cash so I'm going to use the Android
version of handcash let's go to Google
Play Store let's search for Hand Cash
wallet and you can recognize it with
this logo it will say install so you
install it and in my case since I've
already done that it just has an open
button so I'm going to click on the open
button to launch hand cache and hand
cache looks like this I've got a balance
of one US dollar worth of psvs which is
0.0239 it shows me my transaction
activities this is basically your
details your you can check your daily
limits
your Top-Up limits you can edit your
email address and your phone number you
can modify your biometric lock and if
you need to scan a QR code to make a
payment you can use that you can just
scan the QR code
you type in the amount that you wish to
send
here are the options to add bsvs
you can deposit to your bsv address from
another wallet
you can top up using a credit card and
debit card normally but at the moment
this feature is not working
the thing with handcash is that instead
of using addresses you have the option
of actually using usernames I think they
call it hand cache handles they're
recognizable because the usernames are
preceded with a dollar symbol
here it's quite simple you can see add
money and send money
so if you're going to send money you
click that button
you scan the QR code
you type the amount that you wish to
send in your default currency which is
in this case US Dollars you can also add
a note
to remind you what this transaction is
about
and click Send
and when it's a success you will see the
screen
currently with hand cash
you cannot buy bsvs using credit cards
but they're working on fixing that for
now however if you wish to use it then
you can send bsvs from a different
wallet to a hand cash wallet and to find
out the Bitcoin address of the Hand Cash
wallet you go here and this is where you
see the Bitcoin address if you're using
another wallet like rock wallet for
example you can also scan the QR code so
you don't have to cut and paste that
long string of characters
now what makes Hand Cash different to
the other two wallets that we've looked
at is I'd classified more as a hot
wallet and the reason is it connects to
apps
and these apps will use your hand cache
wallet to transact automatically
depending on what that app does so I'll
show you what I mean
if we click on apps it shows you first
the list of apps that is already set up
in your wallet
so in my case I've been looking around
at these apps
the apps here are Lament
you have paid pistol you have paid
circles you have rare generation and
this is an app for musicians
and independent labels they allow you to
upload your music on the blockchain and
monetize it there is also another app
called streamable.fm
and you can think of it as uh like the
Spotify
that accesses the music that's been
uploaded via rare generation so these
two apps are quite interesting for
musicians and people in the music
industry real world podcasts will cover
that later on slingtionary is like um a
dictionary but the words are defined by
its users if you are an expert at
something then you can define a word
here and if your definition of that word
is chosen by selectionary as the
definition of that word then you get
paid in bsvs web 3 blogs.com I haven't
looked too in depth as the name suggests
it's got something to do with blogs so I
encourage you to experiment with that
I've been looking at these but there is
a full list
of all apps that can be integrated with
handcash so if you click on open the app
gallery we will go through these apps
individually
I'll just introduce you to them I will
not go in depth on every single one I'll
just run them past you to give you an
introduction of what types of apps are
available
so the first one is pay pistol what pay
pistol does is that it allows you to pay
simultaneously
a list of Bitcoin addresses or Hand Cash
handles and this makes it easier when
you need to pay a lot of people at the
same time
next is the boards if you're familiar
with forums boards is like that but it
integrates Bitcoin so that participants
can actually be rewarded in Bitcoin you
also have bsv 2048
it's a puzzle game
you have bit chat Nitro I haven't tried
it yet but it says it's a real-time chat
over Bitcoin
and then you have real world podcasts it
basically pays podcasters or it allows
you as a podcaster to monetize your
podcasts you have lament it allows you
to monetize your content you have take
it
which are nft drops with a Twist I
haven't used myself but it's got
something to do with nft so if you're
into that try it
you have DXs it allows you to trade
crypto and stocks with leverage you've
got haste arcade looks like computer
games peer game is another one power
chests for those who are into chess Giro
dogs
tipstampers.com coin survey it allows
you to create service and quizzes with
rewards probably to encourage people to
participate in these quizzes and surveys
you've got space Hunter so that's
computer game Legends of uzarn don't
know if I pronounced that right
the morning run from the description it
looks like it could be about news
run on bsv it's a game win Bell you've
got Madame tulip live they provide
spiritual guidance on demand using an
app and you're paying via space from
what I understand
you've also got forever realm not quite
sure what that is Hand Cash telegram
what
so that's that's Hand Cash interfacing
with telegram if you're a telegram user
called it is an app for predicting
weekly winners in NFL NBA and EPL you've
got Pearson time to party
clappy button tonic pal this one allows
you to share links and earn Bitcoin
Bright View
that looks like a review platform and
you can see here that hand cash is
encouraging developers to integrate
handcash to their apps
they provide sdks software development
kits that you can use to do that if
you're in that business
so compared with the other two wallets
that we've seen electro mass V and rock
wallet this is the strength or at least
what's making Hand Cash unique
so we've just gone through three hot or
warm wallets for bsv
we've looked at electron Mass V Rock
wallet and Hand Cash
and all three of them can send and
transfer bsvs to another Bitcoin address
the electrum SV can activate cold wallet
to a warm wallet and it also provides
multi signature wallets which perhaps is
something that we can explore in a
future video but one thing you cannot do
with electrum SV wallet is you cannot
buy bsvs using a credit card now with
rock wallet you can buy bsvs using
credit card
we also saw that with rock wallet you
can export transaction history to CSV
and from there you can import it in
Excel or any of the open spreadsheets by
Google for example and you use that to
report your business activities
One technical issue that we found with
rock wallet was that when we tried to
activate a cold wallet to a warm wallet
it didn't sort of finish the task you
can probably test it in a couple of
months and see if that's been resolved
and then we looked at hand cash it is
integrated to many bsv apps and websites
as a hot wallet but it is lacking two
things at the moment it cannot activate
a cold wallet to a warm wallet and it
cannot buy bsvs using a credit card so
for the moment it relies on you
transferring bsvs from another wallet
to a hand cash wallet so that you can
start using your bsvs
I hope you enjoyed this video and that
you are now in a position to be able to
receive Bitcoins as well as send them
using the different types of wallets
that we've covered in this last two
videos
please subscribe to this channel so you
can be notified of our future videos
exploring everything about Bitcoin SV
and if there is a wallet that you really
like using please reply to this video to
let us know which wallet it is and why
you love it so much
until next time
bye
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