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The open source software I chose to use to create and manage my BitCoin wallet - BitCoin Armory - stores all the data on my local computer instead of depending on a third-party (such as a web site) because I think it's important to have full control over financial instruments (like currency) which belong to me. If you choose to do the same (and I recommend it as the better option), then make sure you have backups printed on paper in addition to backups on diskettes, CDs, or USB memory and that you store them in separate locations in case your primary location is damaged or destroyed.
One of the interesting features of the software I selected is that it can create a "payment request" link, with easy-to-use customization options, generates HTML code that produces the following (which I customized as a "donation" link):
The main web site for the BitCoin currency, which also recommends the wallet software I selected (along with a variety of others) is: http://www.bitcoin.org/
If you're new to the BitCoin currency, then I highly recommend reading about the BitCoin myths as it turns out to be a really good introduction to BitCoin: https://en.bitcoin.it/wiki/Myths
The open source BitCoin wallet software that I selected can be downloaded from here: http://www.bitcoinarmory.com/
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