A desktop wallet is a software program installed on your computer’s hard drive. It’s not as secure as a hardware wallet, because a hacker who breaches your computer’s security could also gain access to your wallet, but it’s more secure than the other common types of bitcoin wallets. Unlike hardware wallets, desktop wallets are usually free (aside from transaction fees, which are unavoidable). As the most common type of bitcoin wallet, they also have the widest range of features and options. Some prioritize simplicity and ease of use, while others are loaded with options for Bitcoin power users; review the features carefully before selecting your desktop wallet to be sure you have one that will suit your preferences. Choosing a strong password can help keep your desktop wallet secure, and you’ll also want to back it up regularly in case your hard drive goes bad.
Bitcoin wallets are the guardians of your Bitcoin. Don’t you agree?
That’s why you should put in a lot of work to choose the right wallet for yourself.
These wallets in a way store your private keys, which, if you lose, you lose all your bitcoins.
Best Bitcoin Desktop Wallets
It is criminal to talk about desktop crypto wallets without mentioning Exodus wallet.
Exodus, a Bitcoin and altcoin wallet, is a creative masterpiece crafted by JP Richardson and Daniel Castagnoli in mid-2015.
It is a desktop-only wallet that supports Bitcoin and many altcoins (precisely more than 30 cryptocurrencies & tokens).
On the first look, you will find that a lot of work has gone in making it really user-friendly and I specifically love this self-hosted crypto wallet.
I have been using this wallet from the day I entered the crypto world. Ever since the wallet has grown leaps and bounds in its UI and also it’s behind the scene technology.
Another good thing is that you do not need any registration or KYC check to be able to use this wallet but you certainly need to spare your email ID to backup your seed.
It is a multi-currency wallet that supports many altcoins too along with Bitcoin and is developed/maintained by a Canada based start-up Decentral Inc.
It is an HD wallet which lets you store your seed and gives protection to your wallet by a PIN feature. It also has inbuilt crypto exchange in the form of ShapeShift.
At present, it supports more than 40 coins/tokens with private keys import and export facility inbuilt in the wallet.
Jaxx is now over-hauling its UI with a newly built wallet but that’s now in beta phase. So until that is ready you can use Jaxx’s old desktop version which is time-tested also.
Electrum is one of the oldest and time-tested Bitcoin wallet developed by a voluntary developer in November 2011.
It is an open-source project released under an MIT license.
Moreover, it is a lightweight wallet meaning you need not download the whole blockchain for sync.
Electrum is available for both mobile and desktop versions and allows you to customize Bitcoin transaction fee for each transaction you do.
Also, it is a self-hosted wallet, which means by using Electrum you are your own bank where you control your seed and PIN.
Armory is another Bitcoin-only wallet developed by an experienced team of developers and is a open-source software.
It is a heavy wallet, meaning one needs to download the full blockchain and set-up a full node to use the Armory wallet.
But it has many benefits too, for example, you need not trust any other listening nodes and can self-verify many things by yourself.
One can also create cold storage wallets for Bitcoin while using Armory wallet. And it also provides you access to multisig wallets via Lockboxes, which is the most secure way to store a large sum of bitcoins.
Copay is another popular Bitcoin wallet developed and maintained by BitPay company.
It is an HD multi-signature wallet which is kept open-source for innovation over the Bitcoin blockchain.
I have used its mobile version once and found it to be very user-friendly. It also has a desktop version which is quite similar.
And the good thing with this wallet is that it connects with testnets so if you want to try out something without losing your actual BTC then this is the way to go!
Being a multisig Bitcoin wallet it also provides up to 2-of-3 authorizers to sign a Bitcoin transaction.
Bitcoin Core is the official desktop Bitcoin wallet developed by Bitcoin core developers.
It is a full node client meaning, one needs to download the whole Bitcoin blockchain to send/receive a transaction which is a memory intensive process.
The core acts as a full node as well as provides wallet functionality for managing Bitcoin.
Its UI is not as great but it is one of the most featured wallets, as it provides facilities such as mempool settings, Replace-by fees, child, pays for parent etc for BTC transactions.
Coinomi is another excellent multi-currency wallet that supports Bitcoin too.
For now, it should not have made to this list because it is a mobile wallet only as of now. But in Q3 they will be launching their desktop client to cater to its customers. (I will update this section as soon as it hits the market).
And I believe some of the very intricate features from its mobile wallet such as a self-hosted wallet that provides seed/PIN, an in-built exchange, custom-fee etc will be replicated in the desktop version too.
Moreover, it is backed by a good team that is continuously improving their mobile product so the same would be expected from their desktop wallet too.
Coinomi desktop wallet will support Mac, Windows, and Linux.
Did you notice the one common thing amongst all these wallets listed above?
They all are self-hosted wallets.
It means that while using these wallets only you are responsible for your funds. All these wallets give your seed and PIN to take care of your bitcoins.