When you were a kid, remember how much you care for your savings; all the money given by your mom, dad, aunt, and uncle at the most memorable occasions. That money was so close to your heart that after finding a safer place in your room for your money you went out to buy a beautiful wallet or a piggy bank. Every day you shake that piggy to feel the joy of the jiggling sound of coins.
From childhood to here you are still very possessive about your savings. And this article is here to help you on how to protect your massive savings done by bitcoin.
Bitcoin Wallet it is:
The Bitcoin wallet is basically a programming device that keeps a check and also records all the transactions being made through them. It is just like a physical wallet. However, instead of piling the physical currency, the electronic is stored in these wallets for the purpose of savings or trading. These wallets basically store information like a private key that is the address of the wallet which can be used to get access to the wallet. This technically means that Bitcoin wallets are the hot targets for the hackers. All you need to do is to encrypt your wallet with the strongest password and backup your wallets time by time. For more details join bitcoin equaliser.
Desktop wallet:
This wallet is found on the laptop or desktop computer. The information is stored and accessible on the computer's hardware. Desktop wallets are hard nuts to crack in respect to security.
Web wallet:
Web wallets are found on search engines, which means that you browse it anywhere from any device.
Mobile wallet:
Mobile wallets are the applications downloaded. QR code scanning and payments from online stores are available.
Hardware wallet:
It is a portable peripheral device similar to USB and CD. It is the most secure way to keep a record of your transactions. No need to worry about the laptops and computers dying.
Find below a few desktop wallets and their mesmerizing information.
Exodus:
Exodus was launched in July 2016. Although, it has its mobile application also but it is labeled as best for desktops. It brings about a comfort for the beginners who are clueless about Bitcoin wallets. Because it is just a software platform, where you are solely responsible for calculating your funds. It puts you in control for your wealth. It also collaborates with trezor wallet and provides a high quality interface. The statistical comparisons and object data is also provided in the form of charts and graphs.
Trezor:
It is a hardware wallet. This device has a screen on which you can enter your private key to get access to your wallet, hence a user friendly touch screen. The USB port is used for connection. It includes multi-function authentication and a platform of offline storage. You can buy this device within $ 55. It can host up to 1,000 currencies.
Eectrum:
This software provides a lot of ease to the users as it is written by a program called Python. It has very instant startup duration. Offline message verification is available. It's an open source wallet as it came into being in 2011 November but further coding was also done by multiple people.
Bitcoin Core:
Bitcoin core provides full validation service. Each transaction becoming the part of the block is done very effectively. It prevents miners and banks from taking control of your Bitcoins, thus better privacy policy. It runs on pc with good internet connection specifically for broadband users with the better user interface among peers.
CoinBase:
It is a phone application supported by both android and IOS. It functions for multiple types of coins. For example: Bitcoin cash, Ethereum tokens, etc. You can even connect to US banks and get access to your dollars and bring to your wallet. It adopts the style of buying and selling of coins similar to stocks. And the exciting part is earning opportunities are even provided, if you solve a quiz or watch a video some amount of free cryptocurrency is all yours.
Wallets are selected upon your experience in the era of Bitcoins. If you belong to a beginner criterion so go for wallets with user friendly space and much easier to understand that provides with online wallet service and calculates much lower fees for transactions for example Exodus, Coinbase. Likewise, for advanced users wallets like Trezor are good to go, hardware devices that do not confuse the user with its complexity.
