Bitcoin wallets are essential to keeping your cryptos safe and secure. Without the, you would literally lose them. Scratch that, there really would be no way to store those coins.
Your choice wallets will often determine the level of security –of course this is in tandem with other things- you enjoy. But still, you need to be careful about the wallets as they are the first step in keeping your precious cryptocurrencies safe.
They serve as custodians of your private keys –these are the passcodes you’ll need to access your wallets at any time. Without those passkeys, retrieving your bitcoins will be an almost impossible task.
Top Bitcoin Desktop Wallets
In this short article, we’ll be looking at the best desktop wallets for 2018 and beyond. With these wallets, you should improve your chances of keeping your cryptos secure and put of the reach of hackers and criminals.
The reality is that desktop wallets, when properly secured are an almost foolproof security measure. That said, let’s jump right in and check out these popular and best bitcoin desktop wallets.
Exodus Bitcoin Wallet
Exodus is one of the best bitcoin desktop wallets in the industry. Of course, its functions aren’t just restricted to being a bitcoin wallet alone, it also supports the storage of many other altcoins in the industry –30 altcoins as at last count.
It has very user friendly interface and features, all of which are designed to help make it incredibly easy to use. Using the wallet is pretty straightforward as it requires no KYC process or anything else. The only necessary detail is an email address.
So, if you don’t want to use your personal email ID, you can always create a throwaway email for the purpose. This works on all operating systems and while free, users can unlock some extra features by paying a token.
Jaxx Bitcoin Wallet
Another popular bitcoin wallet, Jaxx boasts of a wide array of features, many of which you’ll find useful for storing and keeping your bitcoins safe and secure. It supports both bitcoins as well as other cryptocurrencies.
Users can store their coins and secure their wallet using its unique PIN feature. Even better, the wallet provides an internally hosted crypto exchange called ShapeShift, where you can trade up to 40 different altcoins.
While the wallet doesn’t have the most user friendly interface, its parent company is working hard at improving that. It is compatible with all operating systems and doesn’t cost anything to use the base version. Upgrades and unique features can be gotten at an extra cost.
Electrum Bitcoin Wallet
Electrum is one of the oldest and most popular bitcoin desktop wallets. Developed in 2011, this wallet doesn’t need the whole blockchain downloaded in order to work. With the wallet, you can effectively determine how much you’re willing to pay for every transaction carried out on it.
This customization makes it a favorite for people looking to differentiate between faster bitcoin transactions and the slower ones. This also uses the PIN feature, which means that you are in total control of your wallet. This is why it is called a self-hosted wallet, as it is not hosted anywhere else.
Electrum is available on all operating systems and is best suited to users who have a little more knowledge and experience with bitcoin wallets and cryptocurrencies.
Armory Bitcoin Wallet
Primarily suited to advanced users, Armory is a more secure self hosted bitcoin desktop wallet. Unlike some other desktop wallets that can store other altcoins apart from bitcoin, this one is solely dedicated to bitcoin storage.
Users would have to download the entire blockchain to use the wallet. While the aforementioned can be considered as downsides of using the system, the system is also super effective at various other things.
For instance, transactions can be self-verified, as against waiting for other nodes to do that for you. There’s also the added perk of creating cold storage wallets as well as multisignature security measures.
Thus, providing your coins with multiple security layers that will keep your bitcoins safe and secure from the grubby hands of hackers and cyber thieves. It is available on all operating systems, provides a custom fee feature and is segwit enabled.
If you have a large amount of bitcoins to store, and are experienced in crypto storage, this is about the best bitcoin storage wallet you can have.
Copay Bitcoin Wallet
Created and released to the public by BitPay, Copay is the company’s version of a bitcoin wallet. As a HD multisig wallet, this is a highly user-friendly wallet that everyone, regardless of their experience, can use.
Even better, it provides an option for connecting with testnets, without necessarily involving the use of your bitcoins. This makes it a great option for developers looking to run testnet protocols without risking their bitcoins.
This is a secure wallet, thanks to its multisig features and is available on all operating systems. Using this wallet attracts zero cost and doesn’t require that much expertise. The only downside appears to be its non-compatibility with segwit. So, if that’s important to you, you might want to check out wallets.
BTC Core Wallet
Another one that’s meant for advanced users, this has a wide array of features that beginners would find very hard to use or understand. It is currently the official wallet for bitcoin, and is heavy, meaning you’ll have to download the entire blockchain to use it.
As a result, you’ll need a pretty solid PC with decent specs to use this as it can be quite the resource hog. BTC Core wallet is not as user friendly as the others –another reason why it’s for advanced users- but it compensates for this by the abundance of features not found in other wallets.
This is available on all operating systems, has a custom fee option, is segwit compatible and costs nothing to set up and use.
Top Bitcoin Desktop Wallets Conclusion
All of the aforementioned desktop wallets are all self-hosted and put you in complete control of your cryptos. Therefore, if you’re looking to completely secure your bitcoins and other cryptocurrencies, these are the best options available to you in our opinion.
If you’ll be using them, make sure to secure your computing equipment too. Install anti-malware, anti-spyware and antivirus programs. Avoid visiting shady websites that often serve as a gateway for hackers’ keyloggers and other malicious software.
Even better, secure your networks and plug every loophole that hackers can use to infiltrate your network and hack your wallet. Don’t ever take your security for granted and keep your private keys and seed phrases in highly secure areas. This way, you can easily retrieve your bitcoins whenever you want.