Pros:
Open source
Established brand
Top-end security features, such as hierarchical deterministic (HD) and multi-signature support
Cold storage support, allowing you to manage Bitcoin without the Internet
Cons:
No mobile support offered
Depth of security features may put it out of reach for beginners
What is Armory?
Armory is widely regarded as one of the most secure Bitcoin wallets available. Through a combination of robust security features and a user-friendly interface, it’s designed to help individuals and businesses safeguard and manage their Bitcoin tokens.
Amory allows you to set up multiple wallet addresses so that you can easily separate your personal Bitcoin account from your business holdings. The function of sending Bitcoin can also be password-protected, giving you an added layer of security.
If you’re really concerned about someone hacking your account, Armory provides cold storage support, which essentially allows you to store your private keys offline.
How do I make or receive payments with Armory?
Adding and receiving Bitcoins is straightforward with Armory. To receive payments, you must first have a Bitcoin wallet. To send payments, you’ll need to have Bitcoin in one of your wallets. The “Balance” column lets you know how much Bitcoin is available.
To receive Bitcoin, simply click “Receive Bitcoin” and select which wallet you want to use for the deposit. This wallet will now generate an address to receive the coins. This is the address you need to share with the sender to receive Bitcoin. You can copy the address to a clipboard and send it via email or create a QR code that can be sent via text.
To send funds, simply click “Send Bitcoin” and select which wallet you want to send from. Paste the address into the recipient box and specify the amount. You are now ready to send funds.
You can also send Bitcoin from your offline wallet by clicking “Offline Transactions,” followed by “Create New Offline Transactions.” You can also just select “Send Bitcoins” and select the watching-only/offline-only feature. The prompts will then take you through the steps.
How secure is Armory?
Adding and receiving Bitcoins is straightforward with Armory. To receive payments, you must first have a Bitcoin wallet. To send payments, you’ll need to have Bitcoin in one of your wallets. The “Balance” column lets you know how much Bitcoin is available.
To receive Bitcoin, simply click “Receive Bitcoin” and select which wallet you want to use for the deposit. This wallet will now generate an address to receive the coins. This is the address you need to share with the sender to receive Bitcoin. You can copy the address to a clipboard and send it via email or create a QR code that can be sent via text.
To send funds, simply click “Send Bitcoin” and select which wallet you want to send from. Paste the address into the recipient box and specify the amount. You are now ready to send funds.
You can also send Bitcoin from your offline wallet by clicking “Offline Transactions,” followed by “Create New Offline Transactions.” You can also just select “Send Bitcoins” and select the watching-only/offline-only feature. The prompts will then take you through the steps.
How secure is Armory?
When it comes to security, few Bitcoin wallets can compete with Armory. The wallet provides multi-signature support and decentralised lockboxes, which gives users full control over the creation and storage of cryptographic keys.
By enabling cold storage, the only way to lose your Bitcoin is if someone physically stole your offline system, such as your offline computer. But even then, they’d have to penetrate Armory’s sophisticated wallet encryption, which the company says could take centuries to achieve.
Armory is also popular because it works with something called the Glacier Protocol, which is one of the most well-known cold storage systems for Bitcoin.
