VeraCrypt is an open-source utility used for on-the-fly encryption (OTFE). It can create a virtual encrypted disk within a file or encrypt a partition.
License: Open Source
VeraCrypt is a feature-rich encryption tool with advanced options like hidden volumes and a variety of encryption algorithms, making it suitable for users needing high security. DiskCryptor, while simpler and faster, lacks some advanced features and is more geared towards users seeking straightforward, efficient encryption.