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10 Best Crypto Desktop Wallets for 2024

20 mins
Fact Checked
by May Woods
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Choosing the best desktop wallet is crucial for secure and efficient crypto storage. In this guide, we list top desktop wallets that boast top-end security, support multiple currencies, and offer hardware wallet integration. Each wallet is evaluated based on its user interface, backup and recovery options, wallet encryption, and customer support. Here are our top picks in 2024.

Methodology

Top 10 crypto desktop wallets in 2024

1. Exodus

Best for worldwide availability
Supported assets
100,000+
Availability (GEOs)
Worldwide
Staking support
Yes
Price
Free

2. Coinbase Wallet

Best for beginners
Supported assets
10,000+
Availability (GEOs)
Worldwide
Staking support
Yes
Price
Free

3. COCA Wallet

Best for hack protection
Supported assets
100,000+
Availability (GEOs)
U.K. & E.E.A.
Staking support
Yes
Price
Free

4. OKX Wallet

Best for an all-in-one app
Supported assets
100,000+
Availability (GEOs)
Worldwide
Staking support
Yes
Price
Free

5. Bitget Wallet

Best for a range of assets
Supported assets
250,000+
Availability (GEOs)
168+
Staking support
Yes
Price
Free

6. Electrum

Best for Bitcoin wallet for desktop
Supported assets
1
Availability (GEOs)
Worldwide
Staking support
No
Price
Free

7. Guarda

Best for crypto desktop security
Supported assets
400,000+
Availability (GEOs)
Worldwide
Staking support
Yes
Price
Free

8. Coinomi

Best for multi-chain wallet
Supported assets
1,700+
Availability (GEOs)
Worldwide
Staking support
Yes
Price
Free

9. BlueWallet

Best for personal security
Supported assets
BTC
Availability (GEOs)
Worldwide
Staking support
No
Price
Free

10. Infinity Wallet

Best for intuitive design
Supported assets
800,000+
Availability (GEOs)
Worldwide
Staking support
Yes
Price
Free

Crypto desktop wallets compared

WalletSupported NetworksAvailabilityCryptosPriceStaking options
Exodus50Worldwide100,000+FreeYes
Coinbase Wallet8Worldwide10,000+FreeYes
COCA Wallet12U.K. & E.E.A.100,000+FreeYes
OKX Wallet70Worldwide100,000+FreeYes
Bitget Wallet100168+ countries250,000+FreeYes
Electrum1Worldwide1FreeNo
Guarda50Worldwide400,000+FreeYes
Coinomi120Worldwide1,700+FreeYes
BlueWallet1Worldwide1FreeNo
Infinity Wallet20Worldwide800,000+FreeYes

How does a crypto desktop wallet work?

Regardless of the chosen crypto desktop wallet, you will need to follow these steps to create and use your desktop wallet. 

Step 1. Download and install a crypto desktop wallet

First, you download the wallet software from the official website. Then, install it on your computer like any other application.

Step 2. Create a new wallet

When you open the wallet for the first time, it will guide you through the process of creating a new wallet. You’ll set a secure password that you’ll use to access the wallet. The wallet generates a pair of cryptographic keys: a private key and a public key. The private key is like your secret password for accessing and managing your crypto. It must be kept secure and never shared. The public key is like your bank account number. You can share this with others to receive crypto.

Check out our detailed guide on how to set up a crypto wallet if you need more help with this step. 

Step 3. Receive, send, and store cryptocurrency

To receive crypto, you provide your public key (often displayed as a QR code or a string of letters and numbers). When someone sends you crypto, the transaction is recorded on the blockchain, and your wallet software updates to show the new balance. The wallet stores the private keys on your computer, encrypted and protected by the password you set.

It does not store the actual cryptocurrencies but manages the keys that allow you to access and manage them on the blockchain. To send crypto, you enter the recipient’s public key, the amount to send, and any additional required details.

The wallet uses your private key to sign the transaction, confirming that you are the owner of the funds being sent. The transaction is then broadcast to the blockchain network for validation and inclusion in a block.

Step 4. Backup

When you create your wallet, you are given a recovery seed phrase (usually 12-24 random words). This seed phrase is a backup that allows you to recover your wallet and funds if your computer is lost, stolen, or damaged. Write down this phrase and store it in a safe place. Remember to regularly update your wallet software to ensure you have the latest security patches and features.

desktop wallet

How to evaluate a desktop wallet

You can evaluate a crypto desktop wallet based on a number of criteria. Here’s some actions to take and things to consider when choosing a desktop wallet.

Check security features
  • Private key control: Ensure the wallet gives you control over your private keys and stores them locally.
  • Encryption: Check if the wallet encrypts your private keys and data.
  • Backup and recovery options: Look for wallets that provide a recovery seed phrase for backup.
  • Two-factor authentication (2FA): See if the wallet supports 2FA for an additional layer of security. Some wallets offer 3FA. 
  • Integration with hardware wallets: Evaluate if it can integrate with hardware wallets for enhanced security. 
Read about its reputation and search for reviews
  • User reviews: Read reviews and testimonials from other users to gauge their experiences.
  • Industry reviews: Look for evaluations from reputable crypto websites and experts.
  • Developer reputation: Check the background and reputation of the developers behind the wallet. Some software wallets have been developed by reputable CEXs, which may be useful for anyone looking to have a wallet that integrates natively with an exchange.  
Consider the supported cryptocurrencies
  • Multi-currency support: Determine how many and which crypto the wallet supports. If you just want to store BTC, this may be less important to you. It all depends on your personal preference.
  • ERC-20 token support: Verify if it supports ERC-20 tokens and other standards.
Assess the user interface and experience
  • Ease of use: Assess how user-friendly and intuitive the wallet is, especially if you are a beginner. Older wallets have a more basic aesthetic, while newer ones are very intuitive. 
Check the functionality and features
  • Built-in cryptocurrency exchanges Check if the wallet allows for in-app crypto exchanges, if this is a concern. 
  • Staking and earning: See if it supports staking or other earning mechanisms for getting a passive income from your assets.
  • NFT support: Look for support for managing and trading NFTs if that’s important to you.
  • Update frequency: Check how frequently the wallet is updated with new features and security patches.
  • Open source: Consider if the wallet is open source, as this can provide transparency and security.
  • Personal information required: Verify that the wallet does not require personal information to download, install, or use.
  • Transaction privacy: Look for features that enhance transaction privacy if this is important to you.
Verify a wallet’s compatibility and accessibility
  • Operating systems: Ensure the wallet is compatible with your operating system (Windows, Mac, Linux).
  • Mobile integration: Consider if there is a mobile version available and if it syncs with the desktop wallet.
  • Web3 integration: Check for compatibility with DApps if you’re looking for a web3 wallet and plan to use decentralized applications. Most users might want to be able to connect their wallet to DEXs or NFT marketplaces. 
Engage with customer support and resources
  • Support channels: Evaluate the availability and responsiveness of customer support (email, chat, forums).
  • Knowledge base: Look for a comprehensive knowledge base or user guides.
  • Community: Check if there is an active user community for support and advice.

Why choose a desktop wallet for crypto?

Ultimately, users who would prefer managing their crypto on a laptop — as opposed to on a phone — will be best placed choosing a desktop wallet. These wallets also often provide enhanced security through wallet encryption and local storage of private keys. Desktop wallets are available across multiple operating systems, including Windows, Mac, and Linux, offering cross-platform compatibility for greater flexibility. 

They often include comprehensive backup and recovery options, such as seed phrases, to protect your assets in case of device loss or failure. For users with significant holdings, desktop wallets can integrate with hardware wallets like Ledger Nano or S, combining the benefits of cold wallet security with the convenience of a hot wallet.

If you’re unsure about the different functionalities between these wallets, check out our guide comparing hot wallets vs cold wallets.

Some of the best desktop wallets also offer built-in exchange features and staking options, enabling you to earn passive income and easily swap between different cryptocurrencies

The importance of security with desktop wallets

crypto wallet security

Security is paramount when it comes to using desktop wallets for crypto storage. Desktop wallets, being a form of hot wallet, are connected to the internet and are thus more susceptible to cyber threats than to cold wallets like hardware wallets. If you want to be even more protected, you should consider air-gapped wallets, which are completely isolated from any online network.

Ensuring robust security measures in desktop wallets is essential to protect your digital assets from hacking, malware, and unauthorized access. A breach in security can result in the irreversible loss of cryptocurrencies, as transactions on the blockchain cannot be reversed or easily traced back to the perpetrators.

A key aspect of desktop wallet security is control over private keys. With a secure desktop wallet, private keys are generated and stored locally on the user’s device, encrypted, and protected by strong passwords. This self-custody approach significantly reduces the risk of theft, which can occur when keys are stored on third-party servers. 

Advanced security features such as wallet encryption, multi-sig wallets, and secure password protection are critical in keeping your private keys safe and protected from unauthorized individuals or malicious software. In addition to encryption, the most secure desktop wallets often incorporate backup and recovery options to ensure that users can restore their wallets and access funds even if their device is lost or damaged. 

Regular updates from wallet developers also play a crucial role in maintaining security. These updates often include patches for newly discovered vulnerabilities and improvements to existing security features.

Overall, choosing a desktop wallet with a strong reputation for security, regular updates, and comprehensive backup options is vital for protecting your cryptocurrency investments and ensuring peace of mind.

How do I backup a desktop wallet?

Backing up your desktop wallet is essential to ensure the safety and accessibility of your cryptocurrencies. Here’s a short guide on how to create a backup for your crypto desktop wallet. Note that this might be slightly different from one wallet to another. 

1. Install and set up your wallet
  • Download your chosen desktop wallet software from the official website.
  • Install the software and create a new wallet.
  • Follow the setup instructions, which usually include creating a strong password.
2. Find the backup option
  • Open your wallet software.
  • Navigate to the settings or options menu. Look for a section labeled “Backup,” “Security,” or “Wallet Backup.”
3. Create a backup
  • Choose the backup option.
  • The wallet software will typically generate a file, such as a wallet.dat file, or a backup of your seed phrase (a series of words that can be used to recover your wallet).
  • If you receive a seed phrase, write it down on paper and store it in a safe place. Do not save it digitally to avoid hacking risks.
4. Store the backup securely
  • Physical backup: If you have a physical backup like a seed phrase, store it in a secure location such as a safe deposit box or a fireproof safe.
  • Digital backup: If you have a digital backup file, store it on an external storage device like a USB drive or external hard drive. Consider using encryption to protect the file.
5. Verify your backup
  • Some wallet software allows you to verify the backup to ensure it was done correctly.
  • Follow the verification process if available to confirm that your backup works.
6. Regularly update your backup
  • Whenever you make significant changes to your wallet (e.g., new transactions, new addresses), create a new backup.
  • Periodically check your backup to ensure it is up-to-date and functional.
7. Keep backup devices secure
  • Ensure that any devices storing your backups are kept secure from theft, damage, or unauthorized access.
  • Avoid connecting your backup devices to the internet to minimize the risk of malware and hacking.

Which is the best desktop wallet for crypto storage?

If you are exploring the top cryptocurrencies to invest in, using a reliable desktop wallet can help ensure that your assets are both well-protected and easily accessible. Ultimately, the choice of wallet depends on your specific needs. Remember that crypto wallet security should always be the top priority. Even with the safest wallet, users must take their own personal precautions to ensure their crypto assets remain safe.

Frequently asked questions

Are desktop wallets safe?

What is a desktop wallet?

Which is the most reliable wallet?

What is the most secure hardware wallet?

Are hardware wallets 100% safe?

Can hardware wallets fail?

What makes a desktop wallet secure?

Are there any free desktop wallets?

How often should I update my desktop wallet?

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Iulia Vasile
Iulia Vasile is a seasoned professional in the cryptocurrency and blockchain industry, working full-time in the field since 2017. With a background in computer engineering, she has the unique ability to write about complicated topics, including DeFi, NFTs, trading, and AI, in a way that is easy to understand. Iulia learned multiple programming languages while completing her Software Engineering degree in Bucharest at Politehnica University. Iulia brings her expertise and personal...
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