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Bitcoin Desktop Wallets – Introduction
If you want to send Bitcoins using a free Desktop application securely, a desktop wallet will do. Bitcoin desktop wallets are still improving and offer quite a wide variety of features for both new and experienced Bitcoin users.
Here is a list of the best-recommended Bitcoin desktop wallets you can rely on.
Since 2011, Electrum has been in the business of securing Bitcoins, so it is an experienced and reliable Bitcoin desktop wallet. Among others, Electrum is very popular, probably because it is very easy to use, if you are new to desktop wallets, you will easily learn to use Electrum.
Electrum desktop wallet is supported on Windows, Linux, and Mac and has features that support cold storage. It also allows multi-signatory wallet (more than one person has ownership of it), hence is good for new users and experienced users as well.
The toughness of security of Electrum, which uses two-factor verification and the fact that it uses Open source code, gives it extra advantages over others.
When you send Bitcoin through a wallet, a transaction fee is charged, which determines the speed of verification of the transaction. If your transaction takes time to be verified (and perhaps you have a deadline), Electrum allows you to go back and increase this transaction fee, and the transaction will be verified much quicker. It is also available as a mobile Bitcoin wallet.
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Armory is another one of the open source Bitcoin desktop wallets that have been around for a long time, majorly serving as an armour for your Bitcoins. Armory offers you the opportunity to use your desktop wallet online and also offline as a cold storage wallet, making it twice as hard to be hacked as others.
Security and other features
It has great security, offers proper backup services and also multi-signature support. Armory nonetheless, has a rather “unfriendly” user interface, and newbies may not like to use it for this reason, yet it is among the lowest wallets, in terms of fees charged.
It is available for Windows, Mac, Linux and even RaspberriPi.
‘’Welcome to Exodus’’. This special desktop wallet has earned reputation because it supports Bitcoin, Ethereum, Dashcoin, Litecoin, Dogecoin and claims to support much more in the future. It has ShapeShift which means you can directly exchange any of these altcoins directly, one for another, instantly. Launched in 2016, Exodus has a very user-friendly interface.
Exodus, however, is not open source, this means that malicious software can be inserted into it and transferred to your system, by its developers, and nonetheless, so far it is safe.
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Unlike the others, Bitcoin Core is not a lite wallet but one of the full node Bitcoin desktop wallets. Downloaded directly from Bitcoin.org, Bitcoin Core comes with the whole Blockchain of transactions, of over 130GB, which takes a long time to download, yet when this Blockchain is successfully downloaded, one no longer requires miners to verify this transaction, but can verify transactions themselves.
Usage and Security
This desktop wallet, therefore, constitutes a community of independent Bitcoin users, making Bitcoin even more decentralized. It is available for Linux, Mac, and Windows and is the most private Bitcoin desktop wallet.
Created in 2014 by Bitcoin giants Bitpay, Copay is known for being a multi-signatory desktop wallet. Copay is also an open source HD wallet and also allows you to keep more than one wallet within the desktop application.
It is available as a mobile and desktop wallet, for operating systems such as Windows, Linux, iOS, Mac and even Android.
A Bitcoin desktop storage is the best option when Hardware wallets cannot be afforded, yet some as mentioned above, support hardware wallets simultaneously.
You can save large amounts of money on your desktop wallet, but it is not advisable. Never forget to verify the source from which you download your Bitcoin desktop wallets from.
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