You can invest your funds in crypto, but you need to use a wallet to store your crypto. In this case, you can choose software-based wallets like mobile apps, web-based wallets and hardware or desktop wallets. Even, people can use paper wallets and take a print of their private and public keys to keep them in a safe place. If you Investing with brains, Why would you use a desktop wallet? It is true that you can access your wallet anytime from anywhere if you download an app in your mobile. But you are using some third-party apps in your mobile and you can download some banking apps too. Hackers can easily hack your crypto wallet through your others apps and they can steal your coins or digital assets. As you know that there is no central authority available where you can lodge your complaint and you cannot make a refund request if your wallet is being hacked. So, the only way to keep your assets safe is to choose a web based or desktop wallet.
Benefits of desktop crypto wallets:
Web based wallets is not 100% secured because you need to connect your device with internet and hackers can hack your account. But you can keep your device safe by installing protection for both anti-virus software and malware. Here, you can find some benefits of using the desktop wallet:
- You can keep your crypto account safe from phishing activity by using a desktop wallet and you can use anti-virus software in your device for the same.
- You can access different types of digital assets from a single platform and use your desktop wallets to store your tokens and coins. For example, you can store and manage Ethereum & Alt. Coins, Bitcoin, Lumens and other crypto currencies in a hardware wallet.
- Desktop wallet has a recovery phase and you can take the backup of your digital assets by choosing wallets.
- Moreover, using such hardware wallets can be easy and you can easily plug-in this device in your machine to access your wallet. You do not need to enter your login id again and again, and you can login to your wallet through your Google or Facebook account. You can easily manage multiple crypto accounts through a single wallet and you can use a third-party app like dApps for the same.
- How would you trade bitcoin? Easiest way to trade bitcoin is trade from an exchange, and you need to send your coins from your wallet to crypto account to trade with bitcoin. But if you are using a desktop wallet then you can directly trade from your wallet and you do not need to face delays in your transactions. Other than that, there’s no need to pay additional withdrawal fees for the same. Make sure, you must check the norms and charges of your exchange before you use their wallet.
How does it work?
Desktop wallets are also known as cold wallets and it is easy to store both the public and private keys in the hardware wallet. You can prevent online hacking issue by using such wallet. It is just like a pen drive and you can connect this device to your computer to access your wallet.
Once you plug-in the device, you need to log-in to your wallet and you can access your wallet by entering your private keys. You must know that private keys keep changing automatically and you must keep your keys safe. Apart from that, if you lose your desktop wallet device then your digital assets will be backed with a single seed phrase, and it is known as recovery phrase. You can re-generate your private keys by using this recovery phrase.
- Always unlock your device with a secured PIN.
- Check the confirmation message on the screen after every transaction.
- Do not disclose your PIN and keys.
- Try to check the public ledger from your exchange after making a transaction with bitcoin from your wallet.
If you are looking for the best platform and wallet then you can use Bitcoin Era app. It is a trusted platform by many investors from where you can buy and sell crypto in a hassle-free manner.
