Mastering Bitcoin Wallets: Combine Electrum SV, RockWallet and HandCash for optimal use

Are you ready to explore the world of Bitcoin wallets and learn how to maximize their potential? Dive into our comprehensive guide that carefully examines Electrum SV, RockWallet and HandCash, three prominent wallets in the Bitcoin SV (BSV) ecosystem. We’ll walk you through their unique features, capabilities, and limitations, empowering you to make informed decisions and leverage each wallet to suit your needs. Discover how using these wallets together can elevate your Bitcoin experience and boost your Bitcoin journey.

In a previous article, I shared an easy way to create a Bitcoin address¹, so you can receive BSVs (not BTC) in a short time. As long as you keep your private key, your Bitcoins are safe on the blockchain.

This method is perfect for those who want to quickly start earning BSVs without diving deep into the technical side of Bitcoin. If your goal is to monetize your website, sell digital products (like e-books, music, or software), or offer your services and expertise worldwide, it’s important to focus on your business rather than the details of Bitcoin. But after some time and effort spent selling, you will eventually accumulate a significant amount of Bitcoins (BSV) in your address. So how do you spend, use or transfer Bitcoins?

At this point, it’s time to expand your Bitcoin knowledge by exploring “hot” or “hot” wallets. These wallets are connected to the internet, making it easy to send Bitcoins. In contrast, a Bitcoin address alone is like a “cold” wallet – not connected to the internet. I tested three top BSV wallets – Electrum SV, RockWallet and HandCash – and documented my findings in a video². In this article, I’ll summarize what I discovered and suggest when and how to use each wallet.

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Electrum SV (desktop version on Windows)

Electrum SV is a popular wallet in the BSV community, providing users with a secure and flexible platform to manage their digital assets.

An eye-catching feature is the ability to turn cold wallets into warm ones. Using your Bitcoin address’s private key, Electrum SV activates your cold wallet and imports your transaction history. It can also import wallets from other sources that use seed words. Once you’ve imported or activated your cold wallet, you’re ready to send Bitcoins to anyone around the world.

In addition, Electrum SV supports multi-signature wallets, an important tool for businesses and individuals aiming to improve their security. Multi-signature wallets protect Bitcoins by only allowing transactions when a specific number of authorized signatories approve. This feature has practical applications, such as authorizing Bitcoin transfers only after a certain process is completed. For example, a certain number of Bitcoins are sent after the seller, the delivery company and the customer have all signed up at various stages of the transaction.

While Electrum SV covers most needs, it lacks the ability to purchase BSVs directly. Therefore, I would like to introduce RockWallet, which allows you to buy BSVs with a credit card.

StoneWallet (Android version)

RockWallet allows you to buy BSVs with a credit card, making it a convenient option. It also offers a “sweep” feature, which allows you to transfer the entire balance of your Bitcoin address (cold storage/paper wallet) to RockWallet’s Bitcoin address using the private key of your cold storage wallet. You can easily send, spend or transfer your Bitcoins from there.

RockWallet uses seed words to generate different Bitcoin addresses (public and private key pairs) for transactions, improving security and privacy. A notable feature is its ability to export transaction history to CSV files, which include important details such as source and destination Bitcoin addresses, amounts sent or received, transaction dates, and transaction IDs searchable via a Bitcoin Explorer. It also displays the current exchange rate during each transaction, and converts amounts to fiat currency values. This functionality is essential for businesses, as they can export transaction history to CSVs and import them into spreadsheets such as Excel or Google Sheets for accounting or bookkeeping purposes.

While RockWallet is great for personal and business use, let’s also explore HandCash, another fantastic wallet option.

HandCash (Android Version)

HandCash is an impressive wallet that seamlessly integrates with various BSV apps and websites, providing users with a convenient and versatile platform to manage, spend and earn Bitcoins when using these apps and websites. For example, you can earn by selling music or podcasts every time someone listens to your works (using apps like Rare Generation, StreamableFM and Real World Podcasts).

You can earn when you promote websites (using TonicPow). There is a list of games you can also play. They are all integrated into your HandCash wallet so you can pay or earn automatically as you play. HandCash and the various apps and websites that use its power show what is possible with BSV.

Furthermore, HandCash offers APIs and SDKs so that developers and programmers can easily integrate and monetize their apps, websites and software with Bitcoin. So if you can code, consider looking at HandCash to connect to the power of BSV.

I should mention that based on my tests on February 26th, I was unable to purchase BSV with HandCash by credit card due to a temporary issue with their credit card partner. I am sure and hope that they will resolve this soon. Meanwhile, you can easily transfer BSVs to your HandCash wallet from any wallet, including RockWallet and Electrum SV.

No reason to choose—use multiple wallets

It is important to understand that you do not have to choose just one wallet among Electrum SV, RockWallet and HandCash. Knowing their capabilities, limitations and features allows you to choose the right wallet for each transaction and situation. Feel free to use any or all of these wallets, as transferring funds between them is a breeze and can be done quickly.

In conclusion, the world of BSV wallets offers various options to meet your unique personal or business-related needs. Electrum SV, RockWallet and HandCash both provide strengths and features, ensuring you have the right tools for every transaction.

You don’t have to limit yourself to just one wallet; explore and use them all based on your needs. Embrace the power and convenience of these digital wallets to enhance your Bitcoin experience. Give them a chance and unlock the true potential of BSV to monetize your passions and improve your business and your everyday life.

About the author

Marquez Comelab, the founder of BSVSearch.com, is a strong believer in the potential of BSV to offer professionals, creatives and small businesses an easy and cost-effective way to monetize their products and services. Driven by his passion for sharing knowledge, Marquez aims to empower others to harness this cutting edge technology. To complement this article, he has created a video demonstration showing the use of Electrum SV, RockWallet and HandCash:

Notes:
[1] Please note that when we say Bitcoin, we mean Bitcoin SV, with the ticker symbol BSV. It should not be confused with BTC, an implementation that abandoned the core principles described by its inventor (Satoshi Nakamoto) in the Bitcoin Whitepaper.
[2] “Top Hot and Warm Wallets for BSV – Electrum SV, RockWallet and HandCash” by Marquez Comelab, BSVSearch.com, YouTube:

See: Lunch and Learn Bitcoin 101

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New to Bitcoin? Check out CoinGeeks Bitcoin for beginners section, the ultimate resource guide for learning more about Bitcoin – originally envisioned by Satoshi Nakamoto – and blockchain.