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Once you’ve bought Bitcoins (BTC) or other cryptocurrencies via an exchange (like Bitstamp), if you plan to spend your cryptocurrency right away, you can do so directly from the exchange. If you prefer to hang on to your digital assets, you’ll need a secure wallet to which you can transfer your virtual coins.
In this guide, we’ll explore five of the very best cryptocurrency applications available today for storing your digital wealth. Each of these programs allow you to generate private keys, which you can store safely, rather than trusting an online exchange which can be hacked or go out of business.
All of these clients are known as ‘hot’ wallets in that by default they’re connected to the internet at all times. If you are moving large amounts of Bitcoin, consider creating a ‘cold’ offline wallet to store your assets (see our guide to creating a secure cold storage Bitcoin wallet).
The original and definitive Bitcoin client Bitcoin Core is the original BTC client and is available for Windows, Mac and Linux. Core is a ‘full node’ Bitcoin client, meaning that on first-run it will download the current version of the blockchain (currently around 160GB) by connecting to other nodes.
It will then continue to download and process data about Bitcoin transactions. One advantage of this is that it’s much more difficult to link a specific BTC payment address to your identity as Core downloads data about all Bitcoin transactions everywhere. Read more from techradar.com…
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