The main and almost the only safe tool for storing all the bitcoin cryptocurrencies is online desktop wallets. Such crypto wallets are created to carry out the deals and transactions you need, accumulate and exchange cryptocurrencies for investment purposes. Basically, desktop wallets are apps that use private keys stored on the hard drive to stock your cryptocurrency.
With the growing popularity of cryptocurrencies, bitcoin wallets have become available on all common desktop computer operating systems: Windows, Linux, Mac, iOS, Android, etc.
In this article, we are going to learn the topic of desktop wallets and then compare them.
A General Look At Desktop Wallets
As you know, there are a lot of types of desktop crypto wallets on the market these days. The safety of cryptocurrency depends on how thoughtful your choice will be. If you lose or accidentally delete your private key, it will be impossible to restore access to the bitcoin wallet. Many crypto desktop wallets, unlike mobile wallets, are great because they offer the highest level of security. However, this level is far inferior to hardware wallets.
Each wallet has its own characteristics and offers its own ways to protect all of your data. Further, we will give you a list of the best bitcoin wallets, among which you can choose the best bitcoin crypto wallet that is right for you.
If you don’t have many bitcoins, you can use desktop wallets and not worry about their security. Desktop wallets are called “hot wallets” because they are permanently connected to the Internet on the computer. Because of this, some questions arise about their safety. But, as we said just above, for small amounts of altcoins or other funds of cryptocurrencies, hot wallets are a great storage choice.
In order to securely collect larger sums of bitcoins, it is recommended to use exclusively cold wallets. Examples of such bitcoin wallets are paper wallets or hardware wallets. They are not connected to the Internet. Therefore, scammers will not have access to them.
The hardware wallet for bitcoin cryptocurrency is rightfully considered the best bitcoin wallets in protecting virtual funds. Unlike other crypto wallets, a hardware wallet is a physical device that resembles a USB flash drive, keychain, or even a smartphone. Under the shell in the offline mode of hardware wallets, programs for cryptocurrencies are stored, an app that allows them to use it, as well as protection against third-party interference, respecting the user’s privacy rights and consent choices. Always learn the hardware wallet device characteristics and warning notes before using.
1. Exodus (for Windows, Mac OS, and Linux)
An Exodus is a perfect option for new cryptocurrency users. It was launched in July 2016, and to this day, keeps its users updated on the news and other interesting things related to cryptocurrency. It is the most convenient program for beginners among other hot wallets.
The code for Exodus cryptocurrency wallet is not open source, which may raise some suspicions because you may not know some things. However, special technology is used to verify the bitcoin transaction deals, which is the most secure method after installing a full node. Moreover, private keys are controlled by the user and do not leave the device after the wallet is deleted from the computer.
But, as we mentioned earlier, all desktop wallets with both closed and open sources are excellent for storing small sums of Bitcoins and other types of cryptocurrencies. It is crucial to remember that it’s important to put an amount you are not afraid to lose.
Dozens of popular cryptocurrencies are available for use, such as Bitcoin, Ethereum, Dash, Litecoin, etc. Exodus is one of the leaders in the field of user interface design. Crypto exchanges and other operations are carried out quite simply, and it will be extremely easy to understand it. Exodus is a free trading platform. Transaction fees are determined automatically. The minimum commission is selected, which will allow the transfer to be carried out as soon as possible. The Exodus cryptocurrency wallet charges a part of the commission for exchange transactions within the system.
2. Bitcoin Core (for Windows, Mac OS, and Linux)
Many desktop wallets use the SPV function, and Full Node technology is usually not used in multicurrency wallets, as this would significantly complicate its use. That is, when conducting crypto exchanges and other transactions, the system does not use a complete copy of the blockchain.
On the contrary, Bitcoin Core assumes the operation of a Full Node (a node of the Bitcoin network) and downloading a copy of the entire blockchain so that it can make transactions and create a bitcoin IP address, which can scare away users with its original size. This blockchain desktop wallet offers the ability to verify your own crypto transactions. Thus, it can be considered an ideal option for anyone who does not wish to trust any third parties.
But if you are not afraid to use SPV, then you should not bother and understand this platform because the user will need some technical knowledge to understand its mechanism and a high-speed Internet connection for smooth operation. However, and safety comes first.
3. Copay (for Windows, Mac OS, and Linux)
The Copay open-source wallet was released in 2014 by BitPay, which became one of the first crypto payment service providers to accept payments in bitcoins. Copay desktop wallet can be maintained on many popular platforms, including every mobile device. It supports Bitcoin, Bitcoin Cash, Ethereum, and many more, being a multisig wallet.
Multisig means desktop users can create multiple accounts instead of just one content profile to manage bitcoin wallet assets, integrate hardware wallet devices, use multi signatures for improved crypto transaction security, and buy cryptocurrencies through the partners’ process data for fiat currencies. A nice user interface and an understandable design make cryptocurrency work easier. You can back up the bitcoin wallet on your computer as well. However, Copay does not support two-factor authentication, as, for example, Electrum wallet does, another desktop wallet we will talk about a little later.
4. Atomic Wallet (for Windows, Mac OS, Ubuntu, Fedora, and Debian)
Atomic Wallet supports from tens to hundreds of tokens and coins, allows the client to manage a large number of addresses, and even gives the opportunity to exchange assets within all respective crypto platforms. And for those exchanges that Atomic Swaps does not support, you can safely turn to the built-in Changelly and ShapeShift services.
All your private keys are also available to you if you want to interact directly with the desktop wallet and your coins without using the Atomic Wallet app. In general, this desktop wallet is very easy to use; the ability to buy cryptocurrency with a credit card, low fees, strong security, and Atomic Swaps seem to be a perfect combination in one cryptocurrency desktop wallet.
5. Armory (for Windows, Mac OS, Linux, Ubuntu, and RaspberriPi)
Armory is a fairly popular open-source desktop bitcoin wallet with support for the highly secure and autonomous Glacier protocol.
Among the features of Armory Wallet are multi signatures and the function of cold computer storage of cryptocurrencies. Bitcoin security is ensured, among other things, by using the on-screen keyboard and make transactions while the device is not connected to the network. However, this crypto wallet is intended for experienced users mostly. Armory is one of the best bitcoin wallets for those who first look at the security of crypto deals and the variety of encryptions when choosing a desktop wallet.
6. Electrum (for Windows, Mac OS, and Linux)
One of the oldest and surely the best Bitcoin wallets, Electrum was created in 2011 and contained open-source code. This is the same desktop wallet, using which you will forget about the existence of other desktop bitcoin wallets.
However, let’s start with the main disadvantage. The bitcoin wallet user interfaces are not technically overly complex, although they can confuse new cryptocurrency enthusiasts with their appearance. Despite its old-fashioned design, the Electrum desktop wallet by far is the most popular wallet among Bitcoin wallet users.
It provides secure desktop storage of personal and geolocation data and allows you to recover your bitcoin wallet after losing the password keys. It also does not store its own copy of the blockchain, which is important. Many crypto wallets are based on the Electrum code, which indicates its reliability, verified by users and web wallet developers.
One of the key features of Electrum is encrypted storage of files, which can be accessed with a password. This desktop wallet allows you to replace the commission you set for an already streamed crypto transaction on your device, which is very convenient in cases where you cannot receive its and transaction fees’ confirmation.
All in all, the main thing that is required from an online desktop wallet and cold wallets is to securely save your data. Also, when learning bitcoin wallets you are unfamiliar with, it is always a good idea to start with small Bitcoin amounts. Remember that the safety of all your cryptocurrency wallet funds mainly depends on you.
It is always useful to study the characteristics of each of the closed and open-source platforms for desktop wallets on the market and look through audience insight or read the reviews of the crypto community members for new wallets product development and content measurement updates. Sometimes experience, in particular, helps to find the best Bitcoin wallets. Take your time when choosing. Start with Exodus and then move on to more complex crypto-systems. But if you are already more or less advanced in this area, you can immediately use Electrum. Each wallet has its pros and cons, and each user can choose the most optimal solution for him- or herself.
1. Are desktop crypto wallets safe?
The security of a desktop wallet should be taken care of as much as the safety of your real wallet. It is the user who is responsible for saving a private key to access the bitcoins. There are several ways to secure your desktop wallet funds: use a complex password, split the amount of cryptocurrency into multiple desktop wallets, create a backup, and use hardware wallets or cold wallets for a larger amount of bitcoin cryptocurrency. It is always important to make market research for audience insights for a better understanding of all crypto wallets’ operations.
2. How to know my BTC number?
Bitcoin address is a unique number that is used to make transactions with Bitcoins. Before you find out the address of a desktop wallet on the blockchain, you need to find out what it looks like. A Bitcoin address is called an Identifier that differs from 27 to 34 characters and starts with the numbers 1 or 3. But in order not to keep in mind the sets of letters and numbers, you can use QR codes instead of a long number. This Identifier is also anonymous but much shorter than the full-fledged identifier code.
3. How to buy a Bitcoin vault?
Bitcoins are a new digital system of payments with instant online transfers. In addition, Bitcoin is not subject to inflation, which contributes to its rapid growth in popularity in the world. You can buy bitcoin funds in several ways: for cash, scanning a QR code through a trading platform, or on crypto exchanges with a credit card.