For those who experiment with BitCoins, wallet is
necessity. Your Bitcoin wallet is what allows you to transact this virtual
currency with other users. It gives you ownership of a Bitcoin balance so that
you can send and receive bitcoins.
There are actually three types of the wallets:
1. Software wallets. Software wallets are installed on
your desktop computer. They give you complete control over your wallet. You are
responsible for protecting your money and doing backups.
2. Mobile wallets. Mobile wallets allow you to bring
Bitcoin with you in your pocket. You can exchange coins easily and pay in
physical stores by scanning a QR code or using NFC "tap to pay".
3. Web wallets. Web wallets allow you to use Bitcoin
anywhere with less effort to protect your wallet. However, you must choose your
web wallet with care as they host your bitcoins.
Today, I will present several software wallets you may
use:
1. MultiBit
MultiBit is a secure, lightweight, international Bitcoin
wallet for Windows, MacOS and Linux.
Main Features:
* MultiBit makes performing Bitcoin transactions quick
and simple
* MultiBit comes in a variety of languages
* MultiBit is free to download and is open source (MIT
license)
* MultiBit is user-friendly and is easy to install
Website: https://multibit.org/
2. Electrum
Electrum is an easy to use Bitcoin client. It protects
you from losing coins in a backup mistake or computer failure, because your
wallet can be recovered from a secret phrase that you can write on paper or
learn by heart. There is no waiting time when you start the client, because it
does not download the Bitcoin blockchain.
Main Features:
* Instant on: Your client does not download the
blockchain, it uses a remote server.
* Forgiving: Your wallet can be recovered from a secret
seed.
* Safe: Your seed or private keys are not sent to the
server. Information received from the server is verified using SPV
* No downtimes: Several public servers are available, you
can switch instantly.
* Ubiquitous: You can use the same wallet on different
computers, it will auto-synchronize.
* Cold Storage: You can have secure offline wallets and
still safely spend from an online computer.
* Open: You can export your private keys into other
Bitcoin clients.
Operating Systems: Windows, Mac, Linux, Android.
Website: https://electrum.org/
3. Armory
Armory – State of the art bitcoin wallet that is easy to
use and provides cold storage. The latest Armory version will work on systems
with only 1-2 GB RAM. No other bitcoin wallet provides the ultimate security
and ease of use of Armory.
Main Features:
* Multi-wallet interface. Manage as many wallets as you
want simultaneously. Armory was designed from the start for multi-wallet
operations without limit on number.
* Wallet encryption with time- and memory-bound key
derivation.
* Import/Sweep Addresses. Import private keys into your
(deterministic) wallet.
* Corruption-resistant wallet files with automatic
detection & correction of HDD byte errors.
* Armory can be run on an offline computer without
needing the blockchain. Offline computer is only used to manage wallets that
never touch the internet, and sign transaction packets transferred via USB.
Online attackers can’t steal your wallet if the wallet was never online!
* Message signing with your Bitcoin addresses.
Operating Systems: Windows, Mac, Ubuntu, Linux
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