How to Get Your Bitocoin Address When Your Wallet Gets Lost

It has been quite some time now that many people have heard about the little known BitCoins. I am quite sure that most people still do not know what it is all about. A lot of us probably also have our doubts whether this new service to come out on the market is really worth the investment we are making. To be honest, I myself am still very much in the dark regarding this whole thing. However, I can tell you one thing for sure. The BitCoins, as we call them here in the cyber world, is something that you should watch out for.

A lot of people have asked me this question: "What is BitCoins?" The answer to this question is rather simple. It is simply an alternative form or spin-off of the already popular and successful bitcoin currency trading system. This is how the BitCoins came to be.

Basically, if you have heard about the bitcoin cash, then you must also have heard about the bitcoincash. It is actually an upgrade of the older version of the conventional "bitcoins" coin, which is the normal wallet. The only difference is that this newer service does not function like the ordinary wallets do. It acts just like the regular wallet does, but it has added features like advanced security and encryption procedures in order for you to enjoy the same protection as you would with your usual bitcoin wallet.

This newer service gives you another option on how you could receive bitcoin cash by simply downloading a special wallet. You will no longer use the standard method of receiving your coins by carrying papers with you wherever you go. With the help of this new service, you will now be able to protect your private keys and your coins in an entirely different manner. If you use the standard method of receiving your coins, your private keys may be intercepted by others and they can give you bad experiences such as spending of your funds, stealing your private keys, etc. With the bitcoincash, your private keys will not be accessible to others because they are encrypted.

When you choose to download the wallet, make sure to check whether your desktop software is compatible with it. There are many free software out there that is compatible with the bitcoincash wallets, but there are also some which are not. Make sure to download the wallet which is made to work with the software that you already have installed on your PC.

The last and most important feature is the ability of the users to create their own recovery seed. The recovery seed is what will give you the capability of recovering your funds, even when you lose your whole wallet, including all of your coins and all of your other private information like passwords and the latest addresses of your contacts. This feature alone can give you peace of mind and more than that, this feature is actually a security feature. You should never click "ok" button just because you managed to get your private key in your wallet.