However, since in any case, I suggest you use wallets apps for small amounts of Bitcoin (closed or open source), then this is not a big issue in my book. And of course, when it comes to managing money, having a closed source program can raise some concerns. This means that the developers can potentially insert malicious code into the software without you knowing about it. I’ll start with the downside – it’s not open source. Exodus launched in July 2016 and since then has gained some serious momentum. If you’re just getting started with Bitcoin and you’re still trying to wrap your head around everything that’s going on, Exodus has got you covered. Platforms: Mac OS, Linux, Windows, iOS, Android. Pros: Intuitive, great customer support, DeFi integrations.Ĭons: Limited coin support, not open source wallets that aren’t connected to the Internet) like a paper wallet or a hardware wallet. If you’re new to the world of cryptocurrency wallets, I strongly advise that you watch this video so this post will make more sense:įor large amounts of coins ALWAYS use cold storage wallets (i.e. However, for small amounts of Bitcoin or any other cryptocurrency, and for day to day use they are a good solution. This makes them by design, less secure than hardware wallets. Wallets apps, also referred to as software wallets, are considered “hot wallets”, since they are connected to the Internet. If you want a more detailed review of the different wallets keep on reading, here’s what I’ll cover:
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