Sending, receiving and storing cryptocurrency can be complicated and confusing, particularly for beginners. But if you want to quickly and conveniently access your coins, a mobile or web wallet may be your preferred choice. This factor comes down to personal preference. To choose the right wallet for you, consider your needs and compare wallets based on key factors that include: Popular desktop wallets: Electrum, Exodus, Copay Known as your recovery seed or sentence, these words map with your private key, so you’ll need to store them somewhere safe in case your computer dies or you need to format the operating system and reinstall your desktop wallet. Most desktop wallets provide you with a long string of words to install.
#Virtual wallet free#
The biggest disadvantage is that they also rely on you to keep your computer secure and free of malware, so antivirus and -malware software, a strong firewall and a common-sense approach to security are required to keep your coins safe. Many cryptocurrencies offer a desktop wallet specifically designed for its coin.ĭesktop wallets provide a relatively high level of security, since they’re only accessible from the machine on which they’re installed.
Easy to set up and maintain, most are available for Windows, Linux and Mac, although some are limited to a particular operating system.
The most common type of wallet out there, desktop wallets are downloaded and installed on your computer. Inconvenient to manage your crypto on the go.
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