Desktop wallets are a type of online, hot wallets that can be downloaded and installed on your PC or laptop.  They store your private keys on the device making them more secure than the online or mobile storages. Unlike hardware or paper wallets, desktop wallets are still connected to the internet which makes them vulnerable to hacking and should only be used to store small amounts.

 

Exodus is a beginner friendly multi-asset wallet, that allows you to hold/ trade Bitcoin and a big variety of altcoins within the wallet. Launched in July 2016 Exodus is still fairly new,  but it is slowly gaining itself a good reputation.

Here is a short summary of its features :

 

Wallet type :

Online desktop, closed source

 

Compatible with :

Windows, Mac, Linux

 

Stores :

Bitcoin + many other altcoins including Litecoin, Ethereum, Dash, Golem and more.

 

Mobile app:

No

 

Fees :

High transaction fees

 

Security :

Lack of 2 factor authentication or multi signature feature makes is questionably safe . Should not be used for storing large amounts.