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Today’s post 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. However, for small 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.
The All Around Winner Bitcoin Desktop Wallet It took me a while to start using Electrum, but once I did, I never looked back. The interface looks like a 90’s version of Windows. Also, if you’re completely new to Bitcoin I have the feeling you’ll get lost pretty quickly due to the unfriendly interface. However, once you get over the interface issues, Electrum is one of the most robust, effective and secure desktop wallets out there.
Also it’s open source, meaning many people have taken part in reviewing and composing the code. This reduces the chance of malicious code inside the software to practically zero. Electrum is one of the few wallets that allows you to replace the fee you’ve set to an already broadcasted transaction. This feature is very handy when you can’t get your transaction to confirm. 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. The dumbed down, pretty Bitcoin desktop wallet If you’re just getting started with Bitcoin and you’re still trying to wrap your head around everything that’s going on, Exodus has got you covered. Exodus launched on July 2016 and since then has gained some serious momentum. 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. Exodus also allows you to hold a variety of altcoins such as Ethereum, Litecoin, Dash and more.