A software Bitcoin wallet is an application that stores your crypto coins. This program is stored on your computer’s hard drive and gives you full control of your bitcoins and secures your accounts at the same time. You can download the software from the Internet once you have selected a reputable brand that can provide your requirements.
While a software Bitcoin wallet is installed locally, it transmits all requests to web-service and can receive or send messages to the Bitcoin network. If you have one of these Bitcoin wallets, you have the option to get a full-scale wallet and a blockchain node.
The software Bitcoin wallet can be accessed by anyone as it is open source, which can ensure complete transparency and allows users to monitor to source code. This means that the system is always secure of malware and other unwanted code that could harm your devices or compromise security.
To make sure that the software Bitcoin wallet performs at its bets, you have tdo update it regularly. Remember that each device performs the sync in its own way. Therefore, make sure you know how to sync the program on your specific device.
Secure bitcoins with quality software
A software Bitcoin wallet typically provides more security than our average web wallet and at the same time more accessible than online wallets. Since there are a few options for you now, you can simply pick one that fits your needs. Currently, brands like Electrum, Coinbase, BitGo, Blockchain.info, and Xapo are the top choices.
Getting a software Bitcoin wallet
Once you have a software wallet in your sights, you have to download it. The process takes a while since you have to download the entire blockchain. This is the common issue that most users of software wallets go through. But once you finished the download, it’s all smooth sailing from there on. You can start sending and receiving bitcoins by following the on-screen instructions. Keep in mind that you have to take note of your public key if you want to receive bitcoins, and the recipient’s key in case you want to pay bitcoins.
Lastly, you have to remember to back up your data. You can save it on a flash drive or any storage device that has offers enough storage capacity. This further secures your bitcoins knowing that you can access it in case anything bad happens to your device.