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About Electrum
Electrum is a bitcoin wallet that helps businesses process cryptocurrencies across websites. It enables merchants to verify online transactions, accept payments and secure data from malware or virus attacks through two-factor authentication (2FA) capability.
It lets businesses securely store private keys, define custom phrases to recover funds and verify historical transactions using the SPV technique. Features of Electrum include data encryption, offline access, invoice processing, and transaction monitoring.
Electrum supports integration with various third-party hardware wallet systems such as Ledger, Trezor, Keepkey and more. The platform is available to users for free and support is extended via FAQs, documentation and other online measures.
Electrum pricing
Electrum has a free version and does not offer a free trial.
Starting Price:
Not provided by vendor
Free Version:
Yes
Free trial:
No
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Electrum Reviews
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All Electrum Reviews
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4 reviews
MD Abu
- Industry: Education Management
- Company size: 201–500 Employees
- Used Weekly for 6-12 months
-
Review Source
5.0
Reviewed on 9/06/2022
One of the best Bitcoin wallet for last 10 years.
Overall, I love this software as a Bitcoin wallet. It is fast & can be modified as per our need. It will be great if it adds an Ethereum wallet to it.
Pros
Electrum is an excellent Bitcoin-only wallet. It is safe, fast & free to use. It is great for any company as it's open-source software.
Cons
Electrum needs a lot more enhancements The software only supports Bitcoin. The UI is very complicated for beginners. CRM needs more development.
Alternatives Considered
BitgoReasons for Choosing Electrum
It is best as Bitcoin wallet.
ERIC
- Industry: Information Services
- Company size: Self Employed
- Used Monthly for 1+ year
-
Review Source
4.0
Reviewed on 22/02/2024
Electrum, a multi-platform crypto wallet
Pros
Free, easy to install, available for many platforms (PC, Mac, Android, iOS).
The User Interface is not very fancy or eye candy, but it's enough and easy understandable, even for beginners.
Cons
a HUGE ONE : Electrum doesn't use standard BIP39 seed generation.
It means:
1) if you lost your device, you will have to re-install Electrum (and only Electrum) to recover your tokens with your recovery phrase,
2) you cannot recover your wallet on different devices/software (Ledger, Trezor...) using your recovery phrase
Britt
- Industry: Translation & Localisation
- Company size: Self Employed
- Used Monthly for 2+ years
-
Review Source
5.0
Reviewed on 6/01/2023
most secure cryptowallet I know
For me, of all the cryptocurrency platforms, Electrum is definitely the one I feel most secure with and will definitely recommend. In my opinion it can certainly be a bit more complicated if it guarantees security.
Pros
Electrum really gives me the feeling that my crypto coins are safe. For me personally, the whole recovery seed process has quite something mysterious, and I'm pretty sure no one can get to my wallet.
Cons
On the other hand, it wasn't immediately easy to set up the account and figure out how to create different wallets and distribute my coins among them, that took quite a bit of time and effort. The customer service was helpful in guiding me there, but I probably wouldn't have managed it myself.
Verified Reviewer
- Industry: Venture Capital & Private Equity
- Company size: 11–50 Employees
- Used Daily for 2+ years
-
Review Source
5.0
Reviewed on 15/01/2023
Jean walllet
Ce logiciel m'aide à stoker mes actifs sans crainte et ce de part sa technique de cryptage qui parvient à gérer les clés privées.
Pros
L'équipe de cette application sont non seulement efficaces pour la prises en charge des demandes mais leur unique méthode de sécurité et de confiance.
Cons
Les options un peu plus complexes dans la compréhension pour mener plus de manipulation en restant dans le logiciel
