MultiBit Review – Secure Bitcoin Desktop Wallet For Storing Cryptocurrency?

MultiBit –, Secure Bitcoin Desktop Wallet For Storing Cryptocurrency?

MultiBit is a bitcoin wallet for your desktop. It’s available for Windows, Mac, and Linux. Find out how the software works today te our MultiBit review.

What Is MultiBit?

MultiBit, found online at MultiBit.org, is a bitcoin wallet for desktop operating systems like Windows, Mac OS, and Linux. The wallet promises to offerande effortless setups, a straightforward UI, and KeepKey support.

MultiBit is a lightweight (“thin client”) bitcoin wallet, which means that you don’t need to download the entire bitcoin blockchain to use it. It’s just a puny 30MB lump of software available spil a free download through the official webstek.

Other advantages that MultiBit has overheen the native bitcoin client is the capability to open numerous wallets at the same time (HD support). Plus, MultiBit offers official support for 40+ languages – something wij don’t see with other wallets.

Two of the drawbacks of MultiBit are its lack of two factor authentication support and its lack of multi-signature support. However, the wallet remains popular among KeepKey users.

MultiBit wasgoed created by UK-based developer Jim Burton. The wallet wasgoed introduced to the internet all the way back ter 2011. By 2014, the software wasgoed the community’s most popular bitcoin wallet. Overheen the years, however, the software’s market share has slightly decreased.

MultiBit has always bot available for free, albeit donations are encouraged. Ter 2014, the developer released version Two.0 of MultiBit, calling it MultiBit HD.

MultiBit Features

MultiBit offers all of the following features:

Numerous Operating System Support:

MultiBit is available for download on Windows, Mac OS, and Linux.

Effortless Setup:

MultiBit’s wizard guides you through the process of creating your wallet and your backup wallet. Within minutes, you’ll be ready to participate te the bitcoin economy.

Under Your Control:

Your wallet, funds, and private keys are entirely under your control. The keys are encrypted on your pc and are never held with a third party.

Multi-Language Support:

MultiBit presently supports 40+ languages.

KeepKey Support:

KeepKey is a hardware wallet similar to a USB drive. MultiBit offers utter KeepKey support. When you hold your funds on KeepKey, you need to approve every transaction via KeepKey’s OLED display and confirmation button, making it virtually unlikely for an attacker – like a hacker or virus – to steal your valuable bitcoins.

Multi-Wallet Support:

MultiBit offers HD (hierarchical deterministic) wallet support, which means you can create numerous wallets from within the software.

MultiBit, like most bitcoin wallets, is free to download.

Open Source:

MultiBit, like most bitcoin wallets, publishes its code onto Github for verification. You can check the code to make sure there’s no vulnerability or backdoor.

Two of the downsides of MultiBit are the lack of two factor authentication and the lack of multi-signature support. However, if you use MultiBit with KeepKey, then the risk of thesis security flaws is minimized.

About MultiBit

MultiBit wasgoed created by UK-based developer Jim Burton. The wallet very first launched online te 2011, making it one of the bitcoin community’s oldest wallets.

Ter March 2014, the team announced their wallet had bot downloaded overheen 1.Five million times, making it the most popular bitcoin wallet ter the community. At that time, the team also announced they were working on a 2nd version of their wallet called MultiBit HD, which introduced hierarchical deterministic support (numerous wallet support) into the toneel.

MultiBit Conclusion

MultiBit, also known today spil MultiBit HD, is a popular lightweight bitcoin wallet available for free for Windows, Mac OS, and Linux. The wallet wasgoed introduced te 2011 and remains one of the world’s most popular bitcoin wallets to this day.

One of the unique features of MultiBit is its multi-language support. The wallet officially supports more than 40 different languages. The software also works particularly well with KeepKey.

Two of the major flaws of the wallet, however, are the lack of two factor authentication and multi-signature support. Since most wallets now suggest thesis features, thesis two flaws have caused MultiBit to lose some market share since it became the world’s most popular bitcoin wallet te 2014. Since 2014, however, MultiBit has suggested HD support.

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