Electrum wallet

There’s pretty much only one name you’ll ever hear people say when it comes to desktop wallets, and that’s Electrum.

Electrum is a lightweight, open-source, and reliable Bitcoin wallet that works across Windows, Mac, and Linux devices, and it’s one of the oldest and most reputable names in the Blockchain-tech world, first founded back in November 2011.

One of the biggest benefits of using Electrum, is that you don’t actually need to download the Blockchain to your device to begin using it. You can also set varying transactional fees, and it’s fully-compatible with many of the hardware wallets we looked at earlier.

For those looking for additional privacy and security – but who don’t want to fork out cash to buy a hardware wallet – a desktop wallet is the perfect solution, and as the name suggests, this type of Bitcoin wallet is installed and stored on your personal computer.

Of course, this means you’ll need to download the Blockchain – which can take anywhere from a few hours, to a few days, dependant on its current size and the speed of your Internet Connection.

Remember to scan your computer regularly for malware and viruses if you take this option, and Bitcoin is becoming a common target for thieves, and you’ll want to ensure you don’t open yourself up to hacking.

Benefits of Desktop Wallets

  • Ideal for those looking for privacy
  • Easy to setup and install
  • Can adjust transaction fees easily
electrum wallet

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