There are several types of cryptocurrency wallets, one of which is a desktop wallet. A desktop wallet is a kind of Bitcoin revolution management tool or platform that can be downloaded and used on a pc. In fact, beginners will also be able to use it effectively, easily, and offline as well. In addition, desktop wallets are based on cold wallets. So, they provide more security than of mobile wallets and web wallets.
Among the oldest wallets are those published by cryptocurrency programmers who have this platform. However, there are several disadvantages and caveats too. So it is all the more important to understand the features well before using a desktop wallet.
Advantages of desktop wallets
A Full node version is available
Most smartphone wallets and hardware wallets refer only to a portion of the cryptocurrency blockchain to reduce application capacity.
Desktop wallets refer only to some, but some refer to the entire blockchain from the genesis block to the latest block. Therefore, this is called a full node. This wallet is very heavy because it requires all information to be downloaded from the blockchain. But concerning bitcoin, it has the advantage of being able to perform mining on each version.
Well developed
Desktop wallets are developed more conveniently compared to other wallets. This allows you to find cryptocurrencies from different wallets that suit you.
That’s why you need management skills to prevent cases such as pc corruption, virus infection, etc.
Back up your private key
If your desktop wallet becomes inaccessible due to your pc, you can recover it. This requires only your private key and pc. This means that you should make a note of the password of the private key and manage it carefully. In addition, you can distinguish between the private key and the primary key.
Choose a trusted wallet
This is an important part of managing cryptocurrencies. It is because if you encounter problems with your wallet, your assets can be lost or stolen. Therefore, if you choose a wallet, you should carefully read and search for the information to make sure that your assets are safe.Desktop wallet recommendations is also important that can be used for bitcoin:
Desktop wallet
Many desktops wallet has a multi-signature feature are applied, allowing you to install different private keys at the same address. Based on this feature, you will need different keys to access the address from your wallet, and it is safe even if one of the keys is gone. It’s also easy to approach from android and iOS. The Bitcoin Era is one such app where these features can be availed.
Electrum
It has been a Cryptocurrency desktop wallet (bitcoin ) since the beginning. In addition, this wallet has the function of a cold wallet that separates the wallet from the internet and manages it with the secret of various keys.
How does a desktop wallet work?
The main concepts that you should recognize in the context of virtual wallets are a private key, a public key, and an address. Each wallet will contain pairs of private and public keys that are linked one way by a mathematical function. The private key allows its owner access to the stored money in their wallet. Whereas the public key is used to create an address used to send bitcoin. So, once you want to get bitcoin from someone, you’ll need to share your digital address with them. It is also a sequence of digits, Gregorian letters, and 27 to 34 characters.
It is also available on the official cryptocurrency website and is available for free, so if you are new to wallets, it is a good idea to consider a desktop wallet.
However, if your pc is damaged, you will not be able to retrieve the stored currency. So, it is important to manage your private key, password, backup file, etc. Use your desktop wallet to understand the benefits and caveats.
In conclusion
Desktop wallets also have pros and cons. So if you use a wallet, you should look closely to reduce the risk. In addition, if you want to build a wallet on a trading platform based on bitcoin or Ethereum, then please leave it to the crypto management app like Bitcoin Era with many achievements.
