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.