Electrum is ato cryptocurrency wallet, available in desktop and mobile versions. Electrum is called a light wallet, thanks to which its use does not require downloading an extensive data chain; for this purpose, the tool uses information collected on a remote server.
Initially, the wallet only supported Bitcoin, but now versions for Bitcoin Cash, Litecoin, Bitcoin SC and DASH have also been developed based on the open source code. The base is a standard wallet with verification of a key, which has basic functions and is intended for most users.
Advantages of using the Electrum wallet
- Very secure system, giving users full control over their funds. The system makes it difficult to track transactions, and thanks to two-step verification, third-party payments are impossible. You need to log in on multiple devices to verify the identity of the wallet owner.
- Electrum supports hardware wallet integration with some other major wallets such as Ledger Nano S, Keepkey, and TREZOR.
- Finally, this platform has an intuitive interface that is easy to use and configure.