There are many different ways to store your bitcoin and cryptocurrencies and a desktop wallet is one of the most common. The best desktop wallet can provide access to your coins and gives you the ability to send an receive them on your computer safely . Your recovery seed can retrieve your wallet from another computer if your computer breaks or gets damaged. While it is not recommended to hold a ton of money on your desktop, it is fine for some levels of storage. There are many different desktop wallets and it is important to do your own research on any company before trusting their wallet.
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Best Desktop Wallet
While it isn’t one of the prettiest wallets, Electrum is one of the best desktop wallets you can use. Electrum is open source providing a safer environment than some other wallets. Another great thing about Electrum is the ability to adjust the fee. This can help you get your transaction confirmed in a crowded network. Electrum provides one of the safest options for bitcoin storage on a desktop.
This wallet provides cold storage and keeps your private keys offline. There is no downtime because Electrum servers are decentralized and redundant. Also you can export your private keys to another bitcoin client if you need. Electrum also supports third party plugins and addons that can improve the overall software.
If you’re looking for an all round great product, Exodus might be the best desktop wallet for you. First of all Exodus is not 100% open source and this may impact your choice to use it. There are some dangers to using closed-source wallet, and it is also not recommended to hold a lot on your desktop. Exodus provides a sleek design with an easy to use interface. It also has built in shapeshift which can allow you to exchange coins within the wallet.
While it isn’t currently open source, they do hope to open source their wallet in the future. Exodus has the ability to hold many different alt coins and cryptocurrency. It is great for beginners and works well for holding a small amount of crypto. If you prefer to use a closed source wallet, there are many other great options.
Another great option for a desktop wallet is Jaxx. In addition to their desktop wallet, they offer a mobile version. Jaxx is an easy to use software that is great for holding alt coins and cryptocurrency. The setup is easy for both the mobile and desktop. Jaxx can hold over 50 different cryptocurrencies and it also has shapeshift ability which can help you exchange currencies.
Jaxx is another wallet that is not open source, but they offer the full code on their website. Again, if you’re not comfortable keeping your money in a closed source wallet then do not do it. If you’re looking for something that has a great interface that can be used on your phone and desktop, this might be the best desktop wallet for you.
If you’re looking for an open-source desktop wallet, you may want to check out Armory wallet. It promotes itself as the only open-source wallet with cold storage and multi-signature support. While it is not the most user friendly wallet, it is one of the most secure options. It should be noted the original creator is not the person maintaining the project now.
If you’re looking to use one of the safer options that is open-source then Armory might be the best desktop wallet for you. There are many people still using Armory because of the safety. It might not be the best desktop wallet for beginner because the interface isn’t easy to get started with. However if you’re looking to keep your funds safe on your desktop, check out Armory.
Keep Your Seed Safe
Most wallets give you a recover seed that usually consists of 10-20 or more words that can be used to recover your wallet. It is important to keep this information safe and understand that if someone gets a hold of that, they can access your entire wallet. It is never recommended to email your seed or store it on a device connected to the internet. You should write it down or print it out and keep that paper safe. Check out this article if you’re looking for information on the best hardware wallet.