Electrum
Electrum is an open-source, lightweight Bitcoin wallet for desktop and mobile operating systems. It uses a decentralized server architecture to provide users with increased security, privacy, and speed compared to centralized wallets.
opensource
lightweight
desktop
mobile
decentralized
secure
private
Electrum: Open-Source Bitcoin Wallet
Decentralized server architecture for increased security, privacy, and speed in a lightweight Bitcoin wallet for desktop and mobile
What is Electrum?
Electrum is an open-source desktop software wallet used to store, send, and receive bitcoins. It focuses on speed, security, and simplicity through the use of servers that handle the most complicated parts of Bitcoin transactions.
Some key features of Electrum include:
- An easy-to-use interface that beginsners can easily operate
- The ability to recover your wallet through a secret phrase
- Support for hardware wallets such as TREZOR and Ledger
- Secure offline storage for savings or large amounts of bitcoin
- Integration with major hardware and software wallets
- The ability to set custom transaction fees
Electrum is available for Windows, Linux, OSX, and Android operating systems. It supports over 125 blockchain assets and more than 70 currency pairs. The software is frequently updated by developers to release new features and fix bugs.
Overall, Electrum is considered one of the best desktop-based bitcoin wallets due to its focus on functionality over ease of use. It packs a large number of features useful for both beginners and advanced users within a clean interface.
Electrum Features
Features
- Uses Simple Payment Verification (SPV) to connect to the Bitcoin network
- Supports multi-signature wallets
- Allows users to recover wallet from secret phrase
- Supports hardware wallets like Trezor and Ledger
- Allows users to set custom transaction fees
Pricing
- Free
- Open Source
Pros
Lightweight and fast
Increased security from decentralized servers
Open source software
Easy to use and set up
Supports many platforms
Cons
Not as feature-rich as some wallets
Relies on third-party servers for blockchain syncing
Limited customer support
Official Links
The Best Electrum Alternatives
Top Bitcoin & Cryptocurrency and Wallets and other similar apps like Electrum
Here are some alternatives to Electrum:
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