--- title: Electrum Wallet Reviews meta_title: 'Electrum Wallet Reviews 2026: Details, Pricing, & Features | G2' meta_description: Filter 15 reviews by the users' company size, role or industry to find out how Electrum Wallet works for a business like yours. aggregate_rating: rating_value: 4.3 review_count: 15 scale: '5' date_modified: '2026-06-21' parent_category: name: Cryptocurrency url: https://www.g2.com/categories/cryptocurrency --- # Electrum Wallet Reviews **Vendor:** Electrum **Category:** [Cryptocurrency Wallets](https://www.g2.com/categories/cryptocurrency-wallets) **Average Rating:** 4.3/5.0 **Total Reviews:** 15 ## About Electrum Wallet Electrum was created by Thomas Voegtlin in November 2011. Since then, various developers have contributed to its source code. ## Electrum Wallet Reviews ### 1. Simple yet amazing Bitcoin wallet **Rating:** 5.0/5.0 stars **Reviewed by:** Kate R. | Job Cost Accountant, Small-Business (50 or fewer emp.) **Reviewed Date:** September 29, 2023 **What do you like best about Electrum Wallet?** I like that you can use unconfirmed funds and also choose the fee amount for each transaction. **What do you dislike about Electrum Wallet?** Only supports bitcoin as the cryptocurrency. **What problems is Electrum Wallet solving and how is that benefiting you?** Fast, efficient, low cost transactions ### 2. Good for security, but UI could be better **Rating:** 3.5/5.0 stars **Reviewed by:** Shahd A. | Contracts Administrator, Associate, Commercial Real Estate, Mid-Market (51-1000 emp.) **Reviewed Date:** April 05, 2019 **What do you like best about Electrum Wallet?** Good for trading BitCoin when it comes to security and making sure your transactions are secure. **What do you dislike about Electrum Wallet?** The user interface is not the best and could use improvements. There are a lot of flaws within the software that I hope will be resolved in the near future. **What problems is Electrum Wallet solving and how is that benefiting you?** Keeping private jets offline, proof checking Electrum Wallet transactions. Multisig to split coins between wallets. ### 3. Security of cold wallets but the convenience of hot wallets **Rating:** 5.0/5.0 stars **Reviewed by:** Ganesh B. | Fullstack Developer - Software, Small-Business (50 or fewer emp.) **Reviewed Date:** November 07, 2019 **What do you like best about Electrum Wallet?** Handling bitcoin can be difficult can be a hard task even for the most tech savvy of users. Handling bitcoin can be outright impossible for inexperienced users. Such inexperienced users usually tend to keep their bitcoin in hot wallets, these hot-wallets are very insecure and they can lose their money easily. The alternatives to this to run one's own cold wallet, but this is very difficult for users to handle. The electrum wallet bridges this gap by giving a light wallet. It takes less than a second to create a new bitcoin address with the electrum wallet. The UI is simple to use and it is a breeze to handle multiple addresses and keys. My most favourite feature is the ability to control the amount of outbound bitcoin transaction fees. Since the software is open source the code is auditable and so it is more secure than closed source wallets like Jaxx or storing bitcoin in exchanges like poloniex or coinbase. If one keeps sending bitcoin to the same address over and over again, such an address can be stored as a contact easily and from that point onwards bitcoins can be sent with the click of a button. It also offers a handy console to run scripts and perform command-line bitcoin operations **What do you dislike about Electrum Wallet?** The UI is a bit too minimalistic and since its a free software there is no support available. **Recommendations to others considering Electrum Wallet:** If you're too concerend about security, use a cold wallet that is not connected to the internet. **What problems is Electrum Wallet solving and how is that benefiting you?** Handling bitcoins quickly and securely ### 4. The best lightweight wallet for your Bitcoin **Rating:** 4.0/5.0 stars **Reviewed by:** David R. | Web Designer, Internet, Small-Business (50 or fewer emp.) **Reviewed Date:** April 17, 2019 **What do you like best about Electrum Wallet?** Electrum is one of the first wallets created for Bitcoin some time ago, and since then it has been my favorite wallet because it has many options and is very lightweight due to the fact that it doesn't take up much space on my computer, unlike other wallets. The best thing for me about Electrum is: + It is not necessary to download the entire Bitcoin blockchain to function because it is synchronized with external servers maintained by the community that remotely contain the blockchain. + It implements the most current security options in a way that makes it almost impossible to be hacked and lose my Bitcoin. Seed, 2FA, MultiSign Wallet, offline transactions... + It is compatible with the latest version of Bitcoin Segwit and also supports Bitcoin Legacy. + There are fork applications that support other versions of Bitcoin created by the community, although their security may be questionable. **What do you dislike about Electrum Wallet?** Although Electrum is very simple and this could be a negative point for some, it is not the case for me. I believe that given the complexity of working with cryptocurrencies, it is important for wallets to be simple so that inexperienced users can use them without problems. **Recommendations to others considering Electrum Wallet:** I recommend Electrum if you are looking for a lightweight Bitcoin wallet that does not require you to download the entire blockchain. Electrum also offers additional security to keep your money safe and is also free. **What problems is Electrum Wallet solving and how is that benefiting you?** I was looking for a Bitcoin wallet that didn't require me to download the entire blockchain on my computer, as it can take days to download more than 100 GB of data, so I tried Electrum and in 5 minutes my wallet was up and running and I was able to receive my bitcoin. ### 5. Electrum Wallet - My review **Rating:** 4.5/5.0 stars **Reviewed by:** Mathieu P. | Sourcing Director, Textiles, Small-Business (50 or fewer emp.) **Reviewed Date:** March 30, 2019 **What do you like best about Electrum Wallet?** Electrum is one of the most recognizable bitcoin wallets. The main advantage of this wallet is that it is very lightweight and maintained on external servers so that we do not need to download the chain, but only the client, which is available on all major operating systems (Windows/Linux/Mac), as well as on the Android mobile system. Another significant advantage of Electrum is the safe holding of Seed, which will be used to recover or access our wallet. It is also important to encrypt our wallet well. Electrum can also be used on an offline machine. It is also worth mentioning the basic functions of Electrum, which are safe receiving and sending crypto values. **What do you dislike about Electrum Wallet?** Beginning users starting their adventure with cryptovalutes may have problems with handling this wallet. **Recommendations to others considering Electrum Wallet:** If you are interested in crypto value topic, you should consider trying Electrum now, because thanks to this wallet your crypto values will be safe. **What problems is Electrum Wallet solving and how is that benefiting you?** Thanks to the use of Electrum, they can quickly receive payments from customers from all over the world. ### 6. Fast, safe and private **Rating:** 4.5/5.0 stars **Reviewed by:** Jash D. | Research Assistant, Computer Networking, Small-Business (50 or fewer emp.) **Reviewed Date:** April 10, 2019 **What do you like best about Electrum Wallet?** This product is BEST because it is Very fast, provides good safety features and privacy is kept. It is a widely used platform and easy to set up. Electrum is compatible with the major bitcoin hardware wallets. It is now available in various platforms (Windows, Linux, MacOS, Android). **What do you dislike about Electrum Wallet?** It is not easy for beginners as there may be some struggle. It also only supports Bitcoin. Electrum is also complex to understand at first. **Recommendations to others considering Electrum Wallet:** If you are new, then there will struggle to understand how it works but then you will get to know how everything works. Electrum is ideal for daily spending and receiving Bitcoin **What problems is Electrum Wallet solving and how is that benefiting you?** I am using Electrum for managing my bitcoins. Transaction speed is very fast and provides me with excellent privacy features. ### 7. Easy software wallet that can handle chain splits **Rating:** 4.0/5.0 stars **Reviewed by:** Harold T. | Partner / Chief Operations Officer, Internet, Small-Business (50 or fewer emp.) **Reviewed Date:** April 09, 2019 **What do you like best about Electrum Wallet?** I like that the platform is fast and easy to setup, has integration with hardware wallets, has been around for a long time (since 2011). One of the best features of Electrum is that it does not download the entire Blockchain, making it very lightweight. It uses servers to collect the information and so saves lot of memory. It is end to end protected wallet which is encrypted, so there is no way for stealing your Bitcoins. The private key generated for encryption are used from the seed itself which is stored in the Desktop, which would save the data from being lost. As it does not download the information from Blockchain, it would be much faster to perform the transactions. As the passwords and other data is not stored on the server, it would be much secure as it would not be easy to steal the information from the desktop. Electrum is written in Python, which is much easier and shorter to review the coding and review the work. It can sign the transactions and verify the messages offline from where it can import and export the private keys. There are some other advanced features also available but where one needs to know the command language. **What do you dislike about Electrum Wallet?** UI could be improved, is a little too simplistic and does not have much guidance, tutorials, or tooltips. More geared for an advanced user. Electrum only supports BTC. **Recommendations to others considering Electrum Wallet:** Make sure you are technically competent and understand what you're doing. Don't lose your passwords! **What problems is Electrum Wallet solving and how is that benefiting you?** We are able to secure our BTC securely on the blockchain. ### 8. My best choice of wallet **Rating:** 5.0/5.0 stars **Reviewed by:** Anjali P. | Senior SCM Analyst, Mid-Market (51-1000 emp.) **Reviewed Date:** April 04, 2019 **What do you like best about Electrum Wallet?** The simplicity of its usage attracts me to this wallet. A user just has to remember their 'random set of words' or the code that they basically get when they start using the Electrum wallet and in case if they lose their laptop or hard drive or any other connected device, user can easily recover all the data securely by installing the electrum wallet using their unique code or the random set of words. **What do you dislike about Electrum Wallet?** I pretty much liked everything about the Electrum wallet and the cons if any(though i cannot spot one yet) can be easily ignored given the advantages of this wallet. **Recommendations to others considering Electrum Wallet:** Electrum wallet is very fast and has very low resource usage. You will be able to synchronize and take backup of data from multiple devices. Easy to use Worth a try if you are looking for a user friendly and secure wallet. **What problems is Electrum Wallet solving and how is that benefiting you?** I use this to synchronize the data from my various devices and also to secure them and have a backup of the data. ### 9. Simple, intuitive and effective. **Rating:** 5.0/5.0 stars **Reviewed by:** Liam W. | Financial Controllership Intern, Small-Business (50 or fewer emp.) **Reviewed Date:** December 13, 2018 **What do you like best about Electrum Wallet?** Where to begin. For starters, I love the fact that there is an electrum for the big three; LTC, BTC and BCH. Next, I love (and get a lot of use out of) the wallet sweeping features. This makes claiming hard forks easy and quick. Also it makes claiming them risk free, as you can run the correct commands offline and you don't have to rely on a third party to collect your fork and rely on them to send them back to you. Wallet sweeping also makes changing wallets seamless. The fee adjustment is easy to use too, with a reasonable default setting. Lastly, you don't have to wait for 6 confs to send your coins elsewhere. You choose how many confs to wait before you're happy to send. Oh and I'll also mention clicking straight through to see a transaction on the relevant block chain. Did I mention it's open source? I love this wallet. **What do you dislike about Electrum Wallet?** Eveything about electrum is there by choice. It has a very plain and boring UI to reduce clutter, and it leaves you with the chance to make a mistake but it does so to give you full control of your coins. **Recommendations to others considering Electrum Wallet:** Even if you don't plan on accepting crypto just yet, get to grips with it and understand it as one day you may well have to. **What problems is Electrum Wallet solving and how is that benefiting you?** Accepting crypto is a part of the current technology generation. Soon all businesses will, and everyone getting in the game now will have an established crypto network before the majority even know how to use the software. ### 10. Really fast, reliable and private wallet! **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** January 18, 2019 **What do you like best about Electrum Wallet?** It is completely free! =) Other things I like about this wallet are, of course, protection, reliability and privacy. It has solid privacy features and it is really really secure. If you use hardware wallets, you can easily integrate Electron for added security with most of major hardware wallets. **What do you dislike about Electrum Wallet?** I wish it supported more coins, but, alas, it supports only Bitcoin. Also, it may be a bit hard for beginners to figure everything out about how to use it properly. And another couple of things that I really don't like about this wallet are its user interface and design. Seriously though, why does it look like it came straight from 90's? The interface is horrible in my opinion, it is just way too oldschool. I would not really call it user-friendly, and it does not look nice. **Recommendations to others considering Electrum Wallet:** If you are looking for a place to store your bitcoins safely, then definitely try Electrum Wallet. Whether you use hardware wallet or not, Electrum will be a good choice for preserving your assets. **What problems is Electrum Wallet solving and how is that benefiting you?** As a freelance Web Developer and Designer I work with different agencies, private organizations and other different clients all around the world, and some of them prefer making payments via Bitcoin. As a result I started using Electrum Wallet in order to process paychecks and store my Bitcoins there. Despite looking all goofy and weird and not being that user-friendly, it does a great job at protecting your digital assets. So, its functionality, privacy, reliability and stability are the main reasons people like me use it. When talking about protecting your digital money, visual aspects of design and interface do not matter as much as how it does its work at keeping your wallet safe. ### 11. A bitcoin wallet for regular payments. **Rating:** 4.0/5.0 stars **Reviewed by:** Ahmad R. | Bitcoin Trader, Small-Business (50 or fewer emp.) **Reviewed Date:** February 03, 2019 **What do you like best about Electrum Wallet?** This wallet is suitable for keeping a small amount of bitcoin that is used daily. You can use wallets on different computers and have more security than online wallets. **What do you dislike about Electrum Wallet?** Because this wallet is the only software, hackers can force the user to download a fake version with server attacks that can hack the account. **Recommendations to others considering Electrum Wallet:** The wallet is an open source software and anyone can check it for technical malfunction, bugs or security breaches. **What problems is Electrum Wallet solving and how is that benefiting you?** Using artificial intelligence for companies like IBM to prevent hacking servers and for more popularity, this wallet should support other cryptocurrencies. ### 12. Very secure/reliable Bitcoin Wallet **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Health, Wellness and Fitness | Small-Business (50 or fewer emp.) **Reviewed Date:** April 10, 2019 **What do you like best about Electrum Wallet?** I like how simple, secure, the wallet is. Fees are low compared to other wallets which is a plus. 🙌 **What do you dislike about Electrum Wallet?** I dislike that there is no password feature, but only a pin feature. I also don't like the fact that it isn't integrated with the lightning network nor has support for ledger, or trevor devices. **What problems is Electrum Wallet solving and how is that benefiting you?** I'm able to send, receive, and make payments with bitcoin fairly seamless for my company. I have been able to make expense payments easily with the use of the wallet by sending smoothly to exchanges to convert it. ### 13. I use to it to transfer bitcoin **Rating:** 3.5/5.0 stars **Reviewed by:** Verified User in Construction | Mid-Market (51-1000 emp.) **Reviewed Date:** April 08, 2019 **What do you like best about Electrum Wallet?** I like it because it's simple to use and user-friendly **What do you dislike about Electrum Wallet?** Don't really have any negatives some advanced settings are confusing but overall it's goo **Recommendations to others considering Electrum Wallet:** It's very good highly recommended **What problems is Electrum Wallet solving and how is that benefiting you?** Has not profoundly impacted my work ### 14. Electronic wallet **Rating:** 5.0/5.0 stars **Reviewed by:** Verified User in Information Technology and Services | Small-Business (50 or fewer emp.) **Reviewed Date:** April 26, 2018 **What do you like best about Electrum Wallet?** everything is very simple and easy to use **What do you dislike about Electrum Wallet?** installs quickly, does not slow down the system **What problems is Electrum Wallet solving and how is that benefiting you?** payment for services ### 15. Quality wallet **Rating:** 4.0/5.0 stars **Reviewed by:** Verified User in Capital Markets | Small-Business (50 or fewer emp.) **Reviewed Date:** April 27, 2018 **What do you like best about Electrum Wallet?** I like that there’s multiple versions, one for litecoin, and Bitcoin **What do you dislike about Electrum Wallet?** The litecoin Waller wasn’t very easy to find **What problems is Electrum Wallet solving and how is that benefiting you?** I’m storing my crypto currency safely with this wallet. It allows me to make my own cold storage wallet - [View Electrum Wallet pricing details and edition comparison](https://www.g2.com/products/electrum-wallet/reviews?section=pricing&secure%5Bexpires_at%5D=2026-06-24+09%3A05%3A48+-0500&secure%5Bsession_id%5D=2eac3b24-a240-4901-9b1b-2a21d232a5c8&secure%5Btoken%5D=b0f6c727af8f513d36a100a83980ab559dce817427b3ebb81cddcdcf0481b80d&format=llm_user) ## Electrum Wallet Features **Generative AI - Cryptocurrency Wallets** - Enhanced Security - Fraud Detection - Customer Support ## Top Electrum Wallet Alternatives - [Coinbase Wallet](https://www.g2.com/products/coinbase-wallet/reviews) - 4.4/5.0 (67 reviews) - [Exodus](https://www.g2.com/products/exodus-exodus/reviews) - 3.9/5.0 (24 reviews) - [Bitcoin Core Client](https://www.g2.com/products/bitcoin-core-client/reviews) - 3.6/5.0 (11 reviews)