Kakashi2020 Posted January 16, 2021 Share Posted January 16, 2021 Type of wallet: Hot Wallet Purchase cost: Free Compatible with hardware wallet: Trezor and Ledger devices Incorporated exchange: No Electrum is one of the original Bitcoin wallets. It has been around since 2011, two years after Bitcoin’s creation, and has changed little since. While this wallet is bare-bones in terms of its user interface and its commitment to only Bitcoin, it excels at this primary function. Electrum is also more suited for advanced users due to its complex options. Electrum is open source, allows its users to set custom transaction fees, and has the option to choose between legacy Bitcoin and Segwit. It also offers users the ability to determine the level of security they wish to use. For example, you can create a standard wallet, one with two-factor authentication, or a multi-signature wallet. You can also elongate your seed phrase with custom words. Electrum is perfect for the more advanced Bitcoin holder who wants great security features and customizability all in a simple layout. Pros Ability to set custom transaction fees Greater level of security than most hot wallets Ability to customize seed phrase Cons Bare-bones user interface Only works for Bitcoin No customer support https://electrum.org/#home Quote Link to comment https://slingbank.com/forums/topic/9912-electrum-wallet-review/ Share on other sites More sharing options...
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