Top Hot and Warm Wallets for BSV - Electrum SV, Rockwallet and Hand Cash

Summary

In 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

00:00

🔍 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.

05:02

🔄 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.

10:04

🌐 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.

15:04

🔄 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.

20:06

📱 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.

25:07

🌍 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.

Keywords

💡Cold Wallet

A cold wallet, also known as a paper wallet, is a method of storing cryptocurrencies offline, usually by printing the private keys and public addresses on paper. This offers a high level of security as the private keys are not exposed to the internet, reducing the risk of hacking or theft. In the video, a cold wallet was created in the previous video, and the public key (address) was used to receive Bitcoin SV (BSV) payments. Cold wallets are suitable for long-term storage of cryptocurrencies.

💡Public Key

A public key, also known as a Bitcoin address, is a unique string of characters that represents a destination for receiving Bitcoin or other cryptocurrency transactions. It serves as a public identifier that can be shared with others to receive payments. In the video, the public key from the previously created cold wallet was used to receive three BSV payments. Public keys can be safely shared as they do not reveal the corresponding private key, which is needed to spend the funds.

💡Private Key

A private key is a secret code or string of characters that grants ownership and control over the cryptocurrencies associated with a particular public key or address. Possessing the private key allows users to access and spend the funds held in that address. In the video, the private key of the cold wallet was imported into the Electrum SV wallet to activate the cold wallet and make it a "warm" wallet, enabling the ability to send BSV transactions.

💡Electrum SV

Electrum SV is a lightweight Bitcoin SV (BSV) wallet that allows users to manage their BSV holdings. It offers features such as creating new wallets, importing private keys (e.g., from a cold wallet), sending and receiving BSV transactions, and viewing transaction history. In the video, Electrum SV was used to activate the cold wallet by importing its private key, enabling the ability to send BSV transactions from that wallet.

💡Rock Wallet

Rock Wallet is a multi-cryptocurrency wallet that supports Bitcoin SV (BSV) and other cryptocurrencies. It offers features like buying BSV with a credit card, exporting transaction history to CSV format for accounting purposes, and sweeping (importing) funds from a cold wallet. In the video, Rock Wallet was demonstrated as a way to send BSV transactions and explore its features like transaction memos and exporting to CSV.

💡Hand Cash

Hand Cash is a Bitcoin SV (BSV) wallet primarily designed to integrate with various BSV-based applications and websites. It allows users to store and manage their BSV holdings, as well as seamlessly interact with and make payments within these applications using their Hand Cash wallet. In the video, Hand Cash was showcased as a "hot wallet" integrated with various BSV apps, enabling convenient in-app payments and rewards.

💡Block Explorer

A block explorer is a web-based tool that allows users to view and explore the transactions and blocks recorded on a blockchain network, such as Bitcoin SV (BSV). In the video, the What's on Chain block explorer was used to verify and confirm the BSV transactions sent from the Electrum SV wallet, providing details like the transaction hash, block number, and confirmation status.

💡Multisignature Wallet

A multisignature wallet is a type of cryptocurrency wallet that requires multiple private keys (or signatures) to authorize and approve transactions. This adds an extra layer of security by distributing control over the funds among multiple parties. In the video, the multisignature feature in Electrum SV was briefly demonstrated, showing how transactions can be set to require signatures from multiple cosigners (e.g., 2 out of 3 cosigners) for enhanced security and control.

💡KYC (Know Your Customer)

KYC (Know Your Customer) is a process used by financial institutions and cryptocurrency platforms to verify the identity of their customers or users. This is typically done to comply with anti-money laundering (AML) and counter-terrorism financing regulations. In the video, when setting up the Rock Wallet, the narrator mentioned going through a KYC process that involved uploading identification documents like a passport or driver's license.

💡Recovery Phrase

A recovery phrase, also known as a seed phrase or mnemonic phrase, is a set of words (usually 12 or 24 words) that can be used to recover or restore access to a cryptocurrency wallet and its associated funds. In the video, the importance of securely storing the recovery phrase for the Rock Wallet was emphasized, as it serves as a backup method to regain access to the wallet and its funds if needed.

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