Topic: What do you think of Desktop Wallets and introducing myself. :) - page 2. (Read 501 times)

The code is most likely a seed phrase. You can use it to restore/create a wallet address, you can learn about it by reading about Bitcoin address. I personally suggest you to keep it in a really safe place because if somebody know about it, it's highly possible they can stole your funds. Writing on   a piece of paper or storing on your hard drive is definitely not the best choice, unless you can somehow encrypt it so that you'll be the only one to restore it back.


Yes. Software wallet is generally more secure than online/web based wallet.


In general, web-based wallet is less secure because it's prone to phising attack, dns redirection or etc. Software wallet is generally more secure but it's not without flaw. If you plan to use or move Bitcoins periodically then maybe a SPV client is enough. But if you plan to store it on long-term, hardware wallet is the best option. Cold wallet is a wallet that you use to store your money in a very long term, so it can be either hardware wallet or in fact your usual software wallet, but in general, hardware wallet is more secure.

Okay so I am thinking about getting a Bitcoin Desktop Wallet I have read they have Codes to recover your funds how does even work exactly.I do plan to write the Code down on a peace of paper to give to my mom and then I will write it on a peace of paper to keep around and then I plan to type it in notepad and save it on my WD Passport External 2TB Hard Drive for absolute at best certaintanty that I will not loose my Codes for recovering my funds if my Computer Hard Drive fails on Me or if it gets stolen by someone.


  I have only ever used so called "hot wallets" on the Blockchain.com Account I use for when I buy Bitcoin and immediately use it. Now I have some Bitcoin I want to stash away on my desktop wallet even though it will still be on the Internet and hence consider a hot wallet it should have more security than the mass Accounts that get hacked all at once at some Online Hot Wallets where I read Desktop Wallets are as secure as your Computer is secure correct? It's not like I got a lot of Bitcoin anyway for someone to target Me but I assume an online Desktop Wallet that is on a Computer connected to the internet and it's still technically a hot wallet but it should be more secure than online hot wallets correct?


  I don't have enough Bitcoin or even use it often enough to justify purchasing a U.S.B. Wallet like the Ledger Nano S or Trezor. I plan to use Electrum as I read it is the most popular Desktop Wallet and the easiest to use that is what I want a desktop wallet and I assume the most secure Desktop Wallet is any one you choose to use as a true Cold Wallet with A Ledger Nano S for example to transfer the funds from the Computer without an Internet Connection at least from what I have read about all of this.


 I could use a Cold Wallet on another cheap computer I could easily just purchase and use for this purpose but then again like I said I don't even have that much Bitcoin to even tempt someone to go through the effort however much effort it would take to steal my Bitcoins from my Desktop Wallet if I were to use it anyways.


  What are your thoughts and opinions on the use of Desktop Wallets specifically the difference between using an Online Blockchain.com Account Wallet Vs. Desktop Wallets on Computers that are always connected to the internet and any additional thoughts on using a Cold Wallets are welcome and encourage too if you don't mind helping me out please and sorry if I should be posting this in a more suitable Sub-Forum.