A crypto wallet is a physical medium or device that stores your private and public keys. The keys provide access to your coins and the ability to make transactions.
Modern cryptocurrency wallets usually have a large set of additional features. The first step towards expanding the functionality at one time was an increase in the number of supported currencies, and a logical continuation of multicurrency is the ability to AVAX to ETH exchange directly in the wallet. Some repositories even provide the possibility of passive income.
Features of Desktop Wallets
Desktop (local) cryptocurrency wallets are a convenient option for managing funds for those who often make transactions from a computer or laptop. Compared to exchange storage, they are much safer and work quickly and stably. There are desktop wallet options for almost all existing cryptocurrencies.
Advantages of local storage:
- Convenient for active traders.
- Private keys are stored directly on your device; developers do not have access to them.
- They have wide functionality and a comfortable interface and support most cryptocurrencies.
There were some downsides too:
- Using the local version of the storage, you are tied to a specific device.
- While the device is on, the wallet is constantly connected to the Internet.
- You definitely need a backup copy and reliable protection of your computer from viruses and breakdowns.
The Number One Desktop Wallets
Everyone has their own idea of the best. Accordingly, you should choose based on your own needs.
Exodus
Exodus was released for desktop computers. Actually, even with mobile versions of iOS and Android, local versions for Windows, Linux, and Mac remain the main offer.
The service supports all top coins, over 260 in total, as well as NFT. The wallet has the ability to buy coins using Apple Pay and supports crypto lending and staking. It is compatible with Trezor devices but is not suitable for corporate use as it does not support multi-signatures. Another drawback is the lack of 2FA.
Atomic Wallet
Atomic Wallet supports over 300 currencies and tokens. In addition to the basic functions of storing, receiving, and sending funds, the service supports the purchase of coins and the built-in exchange. This is a multi-platform wallet that has versions for Windows, macOS, and Linux, as well as a mobile application for iOS and Android.
There is a section for monitoring exchange information, as well as staking of several coins, including the native AB token.
Jaxx Liberty
Jaxx Liberty supports dozens of popular coins. The wallet works on Android, iOS, macOS, Windows, and Linux and also has a browser version of Google Chrome. This is a non-custodial service; all private data is stored locally on your device.
In addition to the main functions, Jaxx Liberty has applications for monitoring prices and news in the crypto-currency field, and an internal exchange of crypto-currencies is supported.
Electrum
Electrum is a true veteran of the crypto market; it was created back in 2011. Electrum has many strong security features, including 2FA, proof of transactions, verification, and multi-signature wallet support. In addition, users can adjust the amount of the commission. It is possible to integrate the application with Trezor and Ledger devices.
Electrum was created to store Bitcoin, but there are versions for forks of the #1 cryptocurrency. It will not work to put all the assets in one storage, and this is perhaps its most significant drawback.
Binance Chain Wallet
The Binance Chain wallet was launched by the largest exchange, Binance. It has a simple interface and many features that make this wallet user-friendly for beginners. Trading in base cryptocurrencies is available, including Ethereum and Bitcoin. The Binance Chain wallet has the standard security features, but it is quite secure and more secure than the exchange storage. Among the shortcomings, users note that it is inferior to other popular wallets in speed. Despite belonging to the Binance ecosystem, it is not necessary to register on the exchange, it is a non-custodial service, and your keys are stored on your device.
