Electrum Wallet Electrum Wallet Website

  • ValidationSPV
  • AnonymityMedium
  • Ease of useUpperIntermediate
  • Supported Coins
  • BTC
  • LTC

Pros & Cons

  • Fairly high security.
  • Extremely lightweight program that can run on very old computers.
  • Includes a cold-storage cryptocurrency solution.
  • You have complete access to your own private key and seed key.
  • Versatile application runs on desktop, mobile phones, and even the command line.
  • Electrum supports only a very short list of cryptocurrencies – including Bitcoin, Litecoin, and Stratis.
  • The visual user interface is not intuitive and contains no graphics to make it easier to use.
  • The help documentation is written in language that requires fairly high computer literacy to comprehend and implement.
  • The procedure to implement cold storage is complicated, much more than buying a hardware wallet like Ledger or Trezor.

Wallet Info

Thomas Voegtlin
Private Keys Stored by
Medium to good, depending on user skill
What it is

Three different desktop applications for three different wallets (that use different currencies).

David is a forex trader and writer who has spent the last few years giving his opinion and spreading news about oncoming markets and trading tips. Besides from being a trader he is also a lifelong Everton fan and enjoys spending free time watching his beloved team in the premier league.

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