MultiBit
MultiBit is a lightweight client that focuses on being
fast and easy to use. It synchronizes with the network and is ready to use in
minutes. MultiBit also supports many languages. It is a good choice for
non-technical users.Control over your money:-
This wallet gives you full control over your bitcoins.
This means no third party can freeze or lose your funds. You are however still
responsible for securing and backing up your wallet.
Decentralized:-
This wallet connects to the Bitcoin network. This means
very little trust in third parties is required when verifying payments.
However, it is not as secure as a full node like Bitcoin Core.
Good transparency:-
The developers of this wallet publish the source code
for the client. This means any developer in the world can audit the code.
However, you still need to trust developers of this wallet when installing or
updating the final software because it was not built deterministically like
Bitcoin Core.
Vulnerable environment:-
This wallet can be loaded on computers which are
vulnerable to malware. Securing your computer, using a strong pass phrase,
moving most of your funds to cold storage or enabling two-factor authentication
can make it harder to steal on your bitcoins.
Weak privacy:-
Allows spying on your payments:
This wallet makes it easy for anyone to spy on your
balance and payments because it reuses the same addresses.
Discloses limited information to peers:
Peers on the network can log your IP address and
associate your payments together when receiving or sending payment.
Tor not supported:
This wallet does not let you use Tor to prevent
attackers or Internet service providers from associating your payments with
your IP address.
