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Electrum

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15 reviews
  • 1 profiles
  • 1 categories
Average star rating
4.3
Serving customers since
2014
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Electrum Reviews

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Shahd A.
SA
Shahd A.
Aviation Real Estate Professional & Pilot
06/17/2024
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review

Good for security, but UI could be better

Good for trading BitCoin when it comes to security and making sure your transactions are secure.
Kate R.
KR
Kate R.
Job Cost Accountant at Saunders Construction
09/29/2023
Validated Reviewer
Verified Current User
Review source: Organic Review from User Profile

Simple yet amazing Bitcoin wallet

I like that you can use unconfirmed funds and also choose the fee amount for each transaction.
GB
Ganesh B.
11/07/2019
Validated Reviewer
Verified Current User
Review source: G2 invite
Incentivized Review

Security of cold wallets but the convenience of hot wallets

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

About

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HQ Location:
Los Angeles, CA

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@ElectrumWallet

What is Electrum?

Electrum is a lightweight Bitcoin wallet that was created to simplify and secure users' interaction with Bitcoin. Founded in 2011, Electrum is known for its efficient and fast performance, making it a popular choice for Bitcoin enthusiasts. The wallet is designed to be decentralized, ensuring user privacy and security by not requiring users to trust a centralized service. It employs client-server protocols to manage the blockchain and uses a simplified payment verification (SPV) method. Electrum provides advanced features like multi-signature capabilities and hardware wallet support, catering to both beginner and advanced users.

Details

Year Founded
2014