Desktop crypto wallets are considered “hot wallets”, which means they are prone to be hacked on account they are Internet-accessible.
However, these wallets are an excellent option if you are new to crypto investing and want a hassle-free, all in one solution to your crypto storage.
Software or desktop wallet storage will accommodate all types of altcoins including Ether and its related ERC20 tokens as well as Bitcoin (BTC) and a host of other cryptocurrencies in one convenient
place.
They are installed directly onto your computer and can only be used on the device they are installed on. If you wanted to use another computer, you would need to download the wallet again and then choose to restore it with the seed phrase you generated when the original wallet was created.
Software wallets are safer than web wallets but not as safe as hardware wallets or paper wallets.
Desktop Crypto Wallets: Some Security Steps
Even though these software wallets are not as secure as hardware wallets, they are free to download and use to store your cryptocurrencies.
By following some basic security measures and the safety guidelines that usually accompany them, you can make these wallets extremely secure for your needs.
In addition, you can usually connect a hardware wallet to your crypto desktop wallet to make secure transactions and to store your cryptocurrencies offline, for added security and peace of mind.
There are a number of good software wallets, however, Exodus is by far the most
highly recommended and preferred for safety, style, ease of use and reliability.
You can further enhance its safety features by using a Trezor hardware wallet, which is supported by Exodus.
Learn more about Exodus:
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