I started getting into crypto investing earlier this year and I recently switched to Linux away from Windows. I want to find the best wallet I can use on Linux now. I am just not sure what to go with. I would prefer something free as well. I know there are some paid ones out there. I have heard good things about Sparrow but also negative things. Not really sure what to go with at this point.
Is anyone here familiar enough to suggest the best option?
Overall, I think Electrum is a good option simply because they don’t have any issues that many other wallets have on Linux. Those issues being vulnerability to malware, centralized validation for transactions, and issues with delays do to fees.
Sparrow is one I used before, I can’t remember why I moved away from them at the moment. It make have had to do with some of the concerns you mentioned.
You have to be aware of the phishing issues that come with this wallet. Because it is so popular, it is commonly targeted. I think it is an amazing wallet and I was using it prior to switching to Armory. For me, that was a better option. Has a better UI and features I have made use of.
How does Knots compare to the standard Bitcoin wallet? I have not looked into it all that much. I want to get a desktop wallet going though. I didn’t want to invest more until I had something set up and secure.
I tried using https://electrum.org once. But it required a lot more than the 16GB of RAM to run because wallets like Electrum have the ability to operate as a full node. This means no trust in a third party is required when processing transactions. Full nodes provide a high level of security, but they require a large amount of memory!
If you want to get a better idea for each wallet, there are tons of tech guys on YouTube that review them. You can watch videos prior to setting one up so you don’t waste any time. You can actually see the UI for each one and learn about the features, if they have any worth mentioning. I always watch videos on things before downloading them. Sometimes reading is not enough to know if I will make use of a program, app, or software.