A software wallet is storage for crypto-currency that exists purely as software files on a computer. Creating a wallet means you have already created an address which represents your “ID”.
Software wallets come in many forms, each with its own set of unique characteristics. Most are somehow connected to the internet and are hot in nature. Wallets are distinguished by a set of supported cryptocurrencies and software platforms such as Windows, Mac and other operating systems.
Desktop wallets are computer programs that store cryptocurrencies on a PC so that its information is not accessible to anyone but the user, whose private keys are kept only on the desktop.
Mobile wallets come in the form of a smartphone app and are easily accessible to their users at any time, considering most people don’t leave their homes without their phones.
Most popular desktop wallets software on the market
Exodus is a desktop wallet designed to give you complete control over your cryptocurrency assets. It displays real-time value of digital assets by means of great live charts. In addition, allows users to personalize their portfolio by changing themes and other features to suit their style .
Atomic Wallet is a desktop wallet built with security, anonymity and decentralisation in mind. This means you hold your own keys, which are encrypted and kept only on your own device, control your own funds and can efficiently swap tokens without needing to go through a centralised exchange.
Coinomi is a cryptocurencies wallet designed for storing multiple cryptocurrencies, including Bitcoin and Ethereum. The Coinomi wallet combines strong encryption technology with a user-friendly design that is easy to install and navigate.
Guarda is a cryptocurrency wallet that facilitates you to store your coins and tokens. The wallet uses an open-source protocol. Since it is a non-custodial wallet, the control of private keys and thereby cryptocurrency funds always remain in the user’s hand.
Electrum is one of the earliest desktop Bitcoin wallets. It is a lightweight, no frills wallet that’s designed to be easy to use while also maintaining a high level of security. The open source wallet manages to achieve this by using servers that index the Bitcoin blockchain.
Most popular mobile phone wallets software on the market
Trust Wallet is a decentralised, mobile cryptocurrency wallet. You can store the vast majority of tokens on the market with more projects and blockchains adopted all the time. And of course, Trust works great with decentralized exchanges.
Mycelium wallet provides a secure way to trade, transfer, and store Bitcoins. The open-source wallet also offers rapid connection to the Bitcoin network. Offers several account types including Single Address Accounts, Hierarchical Deterministic (HD), etc.
Edge is a mobile wallet designed to facilitate the storage and trading of cryptocurrencies. The wallet uses client-side encryption to encrypt all of the user’s private data on their device, meaning that only the user is in control of its digital assets.
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