A Bitcoin wallet for Windows, Mac and Linux with a simple interface.
What Is the Electrum Wallet?
Electrum is a lightweight Bitcoin wallet for Mac, Linux and Windows. Electrum was created in November 2011. Apart from desktop computers, it can be used on mobile devices as well. You can download it on your Android phone and enjoy the same features as you would on the desktop version.
The main features of Electrum are support for hardware wallets (such as TREZOR, Ledger Nano and KeepKey), and secure Bitcoin storage using an offline computer.
Electrum wallet requires you to have a little knowledge of Bitcoin and its working. It has some advanced functionality and a setup process where you need some technical knowledge to store and handle Bitcoin.
Electrum is focused on providing speed and simplicity, without burning excessive resources. It relies on remote servers to deal with such parts of the Bitcoin network that are complicated. When you install it on your computer, you’re given a secret recovery phrase. If anything happens to your computer, you can recover your funds using this phrase. However, it’s important you keep this phrase saved somewhere safe.
Electrum wallet offers excellent service as a Bitcoin storage solution, particularly to those who seek a combination of ease of use and security. Electrum desktop wallet has a strong reputation in the industry and many Bitcoin users rely on its reputation. The wallet is well established and highly trusted among people in the cryptocurrency industry. It excels at both security and user privacy, which are typically the most important aspects to be considered in crypto wallets.