Last updated on February 8th, 2018 at 03:31 pm
Today’s postbode is about the best Desktop wallets available for storing your Bitcoins. Desktop wallets are wallets that store the private key for your Bitcoins on your hard drive. By nature, desktop wallets are more secure than mobile wallets (since they’re stiffer to steal).
If you’re fresh to the world of Bitcoin and wallets please witness this movie before reading any further:
Of course desktop wallets are still considered “hot wallets”, since they are connected to the Internet. This makes them inherently insecure. However, for petite amounts of Bitcoin or altcoin they are a good solution.
For large amounts of Bitcoin ALWAYS use cold storage wallets like a paper wallet or a hardware wallet. Today I’m going to review Four different desktop wallets that work on all Three major operating systems – Mac OS, Linux and Windows.
Electrum – The All Around Winner Bitcoin Desktop Wallet
It took mij a while to commence using Electrum, but once I did, I never looked back. I’ll begin with the downside – Electrum is ugly. The interface looks like a 90’s version of Windows. Also, if you’re downright fresh to Bitcoin I have the feeling you’ll get lost pretty quickly due to the unfriendly interface.
However, once you get overheen the interface issues, Electrum is one of the most sturdy, effective and secure desktop wallets out there. Also it’s open source, meaning many people have taken part ter reviewing and composing the code. This reduces the chance of malicious code inwards the software to practically zero.
Te times when the Bitcoin network is “crowded” and transaction fees can skyrocket, Electrum is one of the few wallets that permits you to substitute the toverfee you’ve set to an already broadcasted transaction. This feature is very handy when you can’t get your transaction to confirm.
Extra features include address tagging, toverfee adjustments, encrypting your wallet and signing / verifying messages (this is an advanced feature).
Bottom line, this is an excellent wallet. If you understand Bitcoin good enough to use it, go for it. Electrum is available for Mac, Windows and Linux.
Leegloop – The dumbed down, pretty Bitcoin desktop wallet
If you’re just getting embarked with Bitcoin and you’re still attempting to wrap your head around everything that’s going on, Leegloop has got you covered. Uittocht launched on July 2016 and since then has gained some serious momentum.
Again, I’ll begin with the downside – it’s not open source. This means that the developers can potentially insert malicious code into the software without you knowing about it. And of course, when it comes to money, having a closed source program can raise some concerns. However, since I suggest you use desktop wallets for petite amounts of Bitcoin te any case (closed or open source), then this is not a big punt te my book. I never waterput an amount I’m not willing to risk te any hot wallet (desktop, mobile or web).
Leegloop also permits you to hold a diversity of altcoins such spil Ethereum, Litecoin, Dash and more. The interface is super effortless to understand and even total newcomers will get the drape of it. If you find electrum to daunting, this is a excellent alternative. Uittocht is available for Mac, Windows and Linux.
Bitcoin Core – A utter Bitcoin knot wallet for xxx Bitcoiners
All of the wallets wij’ve covered so far are known spil SPV wallets or lite wallets. This means that they don’t have a total copy of the blockchain te order to verify transactions – they relay on other computers on the network to give them transaction information.
Bitcoin Core is a total knot Bitcoin wallet. This means that once you download the wallet you will also download the entire blockchain to your pc. This can get indeed messy spil the blockchain’s size is overheen 130GB and can take some time to download. However, once the Blockchain is downloaded you can now independently verify transactions on the network and do not need to trust anyone else ter the system.
Ter all honesty, I don’t think it’s worth the hassle. You can build up some educational value by completing this process, but for day to day transactions and use of Bitcoin SPV wallets are just fine. Bitcoin Core is available for Mac, Windows and Linux.
Copay – A Multisig Bitcoin Desktop Wallet
Copay is a wallet created by BitPay, one of the largest Bitcoin payment service providers around. The wallet is available for most major platforms (mobile and desktop) and is a multisig wallet. Using Copay’s multisig feature permits you toegevoegd security against theft and could be a good option if you can’t afford a hardware wallet.
Copay’s code is open source, available for Windows, Mac and Linux and has bot around since 2014.
Armory is a well-known and trusted brand when it comes to Bitcoin security, however the wallet is usually best for more advanced users. If you are looking for a wallet that emphasizes safety and security, Armory should make the brief list spil the wallet features a multitude of encryption and cold-storage options.