Premium Only Content

What Are the Advantages & Disadvantages of Using a Web Wallet on a Laptop or Desktop Computer?
What Are the Advantages of Using a Web Wallet on a Laptop or Desktop Computer?
1) You control the Private Keys, provided that you have chosen a non-custodial or self-custodial wallet.
2) They are convenient, easy to use and set up.
3) Many web wallets will support multiple cryptocurrencies.
4) Better security than that provided by tablet or smartphone devices, provided that your have installed good anti-virus, anti-malware and anti-spyware software onto your laptop or desktop computer.
5) With proper storage of your mnemonic backup phrase, you will be able to recover your wallet at any time.
6) Many web wallets will have an option to connect a hardware device which adds an extra layer of security to the use of the wallet.
Note: This combination will be discussed in a later video.
What Are the Disadvantages of Using a Web Wallet on a Laptop or Desktop Computer?
1) The security of the web wallet will be dependant on the security provided by the laptop or desktop computer.
Anti-virus, anti-malware and anti-spyware programs can only detect infections that are listed in their database. Ensure that your applications are updated regularly to prevent infection.
2) The web wallet is not as portable as a wallet application on a smartphone or tablet.
3) Login accounts of the laptop or desktop computer which use Administrator privilege will expose the wallets to hacking attempts. Make sure that your login account is using Standard privilege.
4) Even though you have control of the Private Keys, they are stored within the wallet application on your computer and therefore susceptible to any malicious software that may infect your laptop or desktop computer.
5) Anyone who has access to the computer may also have access to the wallet application.
6) Biometrics are a poor substitute for strong passwords when accessing your wallet applications. Fingerprint scans may be convenient for most applications, but use strong passwords and two factor authentication when accessing financial applications.
-
LIVE
Kim Iversen
3 hours agoTrump, Epstein & The Tapes: What They Don’t Want You to See
3,079 watching -
LIVE
Dr Disrespect
6 hours ago🔴LIVE - DR DISRESPECT - UNBELIEVABLE WARZONE CHALLENGES
4,732 watching -
LIVE
Michael Franzese
1 hour agoUndercover FBI Agent Who Infiltrated Neo-N*zis, Biker Gangs and The Cartel
660 watching -
LIVE
Nikko Ortiz
48 minutes agoLIVE STREAM!!!
206 watching -
LIVE
Tundra Tactical
2 hours agoTundra Tactical’s FIRST Meme Review! | Gun Memes Roasted & Rated
64 watching -
57:19
Nick Freitas
3 hours agoThe Consequences of Blaming Men for Everything
4842 -
51:11
Kimberly Guilfoyle
2 hours agoFull Recap of The Foreign Relations Committee Hearing | Ep.236
69.6K12 -
42:39
Candace Show Podcast
2 hours agoBREAKING NEWS: Brigitte Macron Loses In Court! (It’s A Dude.) | Candace Ep 214
25.5K29 -
51:43
Redacted News
2 hours agoGiza Pyramid Cover-Up: Massive City, Hidden Water Tunnels and Ancient Tech Beneath the Pyramids!
19.6K24 -
52:18
Sarah Westall
1 hour agoThe Future: 1000 Years of Peace is Starting Soon - Psychic and Spiritual Medium Eddie Connor
447