Ethereum software wallet on a computer and phone
Ether can be stored not only in online services, but also on your laptop. An ethereum wallet on a computer is as reliable and secure as possible, but it has some disadvantages.
Ethereum software wallet is useful for those who are looking for a balance between maximum security and ease of use of the program for private transactions. In this case, users will find solutions that can be installed on a desktop computer or laptop, as well as a smartphone running any operating system.
What are the features of the Ethereum software wallet
When choosing a software wallet for a PC, you need to remember some features of such a solution:
- First, the official blockchain wallet is categorized as thick and stores the entire copy of the “blockchain”. That is, the program itself has a size of almost 30 GB and downloads several hundred more gigabytes of information about the blocks.
- Secondly, it can take several days to download the wallet with a slow Internet connection, and when installed on a computer, it can slow down the system due to lack of hardware resources.
- Thirdly, synchronization of blocks takes a long time, this process can cause the computer to freeze. In particularly difficult cases, you will have to remove the application from the PC, as well as download and install it again.
The installation procedure itself is not difficult:
- You need to download the boot file and run the installation procedure. The installation procedure depends on the operating system you are using.
- To store a fat wallet, you will need about 700 GB of space, but the blockchain is constantly growing. Therefore, it is better to allocate a separate drive for this task.
- Select the type of working network – main.
- Create a wallet or restore an existing account.
- You can use the program after downloading the full version of the blockchain.
But there are also third-party developments. Among them, you can find light wallets that work without downloading the entire blockchain to a computer. They can also be installed as a browser plugin.
Which wallet can be used
Now the following wallets are popular among Ethereum owners:
- Metamask is one of the most popular services that has received development funding from the Ethereum Foundation. It can store ether and other ERC-20 tokens. With insufficient attention to security, there is a potential danger of hacking this service.
- Atomic Wallet is a versatile wallet that can hold over 300 coins. It is possible to replenish with fiat money and exchange coins through popular services. The wallet has a built-in decentralized exchange of the same name.
- Mist Wallet is an ethereum wallet recommended by ethereum.org
Please note that the Ethereum software wallet is secure. But it can be hacked through malware or phishing, when the user does not care enough about security and behaves carelessly on the Internet.