Running 32-bit vs. 64-bit Programs on 64-bit Windows

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If I'm running a 64-bit OS (Windows XP x64 edition) and a program has both a 32-bit version and a 64-bit version, what are the advantages of using the 64-bit version? Will it be faster?

Best Answer

XP 64-bits is not more secure than 32-bits.

Vista and (better) Windows 7 introduced in 64-bit mode enhanced security with hardware-backed DEP, Kernel Patch Protection and mandatory driver signing.

So the only advantage in XP is that a 64-bits program can use more than 4 GB of memory.
However, practically speaking, no program needs so much memory, except in large servers.