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Electrum Wallet Reviews

User Rating

4.5/5 (Based on 15 Ratings)

Rating Distribution

  • Excellent

    46.7%
  • Very Good

    53.3%
  • Average

    0%
  • Poor

    0%
  • Terrible

    0%

Do You Use Electrum Wallet?

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Reviews
KR

Kate R

September 29, 2023 Source: G2.com
"Simple yet amazing Bitcoin wallet"
What do you like best about Electrum Wallet?

I like that you can use unconfirmed funds and also choose the fee amount for each transaction.

What do you dislike about Electrum Wallet?

Only supports bitcoin as the cryptocurrency.

What problems is Electrum Wallet solving and how is that benefiting you?

Fast, efficient, low cost transactions

Read more
GB

Ganesh B

November 7, 2019 Source: G2.com
"Security of cold wallets but the convenience of hot wallets"
What do you like best about Electrum Wallet?

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

What do you dislike about Electrum Wallet?

The UI is a bit too minimalistic and since its a free software there is no support available.

Recommendations to others considering Electrum Wallet:

If you're too concerend about security, use a cold wallet that is not connected to the internet.

What problems is Electrum Wallet solving and how is that benefiting you?

Handling bitcoins quickly and securely

Read more
AP

Anjali P

April 4, 2019 Source: G2.com
"My best choice of wallet"
What do you like best about Electrum Wallet?

The simplicity of its usage attracts me to this wallet. A user just has to remember their 'random set of words' or the code that they basically get when they start using the Electrum wallet and in case if they lose their laptop or hard drive or any other connected device, user can easily recover all the data securely by installing the electrum wallet using their unique code or the random set of words.

What do you dislike about Electrum Wallet?

I pretty much liked everything about the Electrum wallet and the cons if any(though i cannot spot one yet) can be easily ignored given the advantages of this wallet.

Recommendations to others considering Electrum Wallet:

Electrum wallet is very fast and has very low resource usage. You will be able to synchronize and take backup of data from multiple devices.

Easy to use

Worth a try if you are looking for a user friendly and secure wallet.

What problems is Electrum Wallet solving and how is that benefiting you?

I use this to synchronize the data from my various devices and also to secure them and have a backup of the data.

Read more
LW

Liam W

December 13, 2018 Source: G2.com
"Simple, intuitive and effective."
What do you like best about Electrum Wallet?

Where to begin.

For starters, I love the fact that there is an electrum for the big three; LTC, BTC and BCH.

Next, I love (and get a lot of use out of) the wallet sweeping features. This makes claiming hard forks easy and quick. Also it makes claiming them risk free, as you can run the correct commands offline and you don't have to rely on a third party to collect your fork and rely on them to send them back to you.

Wallet sweeping also makes changing wallets seamless.

The fee adjustment is easy to use too, with a reasonable default setting.

Lastly, you don't have to wait for 6 confs to send your coins elsewhere. You choose how many confs to wait before you're happy to send.

Oh and I'll also mention clicking straight through to see a transaction on the relevant block chain.

Did I mention it's open source?

I love this wallet.

What do you dislike about Electrum Wallet?

Eveything about electrum is there by choice. It has a very plain and boring UI to reduce clutter, and it leaves you with the chance to make a mistake but it does so to give you full control of your coins.

Recommendations to others considering Electrum Wallet:

Even if you don't plan on accepting crypto just yet, get to grips with it and understand it as one day you may well have to.

What problems is Electrum Wallet solving and how is that benefiting you?

Accepting crypto is a part of the current technology generation. Soon all businesses will, and everyone getting in the game now will have an established crypto network before the majority even know how to use the software.

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AU

Anonymous User

April 26, 2018 Source: G2.com
"Электронный кошелек"
What do you like best about Electrum Wallet?

все очень просто и легкий в использование

What do you dislike about Electrum Wallet?

быстро устанавливается , не тормозит систему

What problems is Electrum Wallet solving and how is that benefiting you?

оплата услуг

Read more
JD

Jash D

April 10, 2019 Source: G2.com
"Fast, safe and private"
What do you like best about Electrum Wallet?

This product is BEST because it is Very fast, provides good safety features and privacy is kept. It is a widely used platform and easy to set up. Electrum is compatible with the major bitcoin hardware wallets. It is now available in various platforms (Windows, Linux, MacOS, Android).

What do you dislike about Electrum Wallet?

It is not easy for beginners as there may be some struggle. It also only supports Bitcoin. Electrum is also complex to understand at first.

Recommendations to others considering Electrum Wallet:

If you are new, then there will struggle to understand how it works but then you will get to know how everything works. Electrum is ideal for daily spending and receiving Bitcoin

What problems is Electrum Wallet solving and how is that benefiting you?

I am using Electrum for managing my bitcoins. Transaction speed is very fast and provides me with excellent privacy features.

Read more
MP

Mathieu P

March 30, 2019 Source: G2.com
"Electrum Wallet - My review"
What do you like best about Electrum Wallet?

Electrum is one of the most recognizable bitcoin wallets. The main advantage of this wallet is that it is very lightweight and maintained on external servers so that we do not need to download the chain, but only the client, which is available on all major operating systems (Windows/Linux/Mac), as well as on the Android mobile system. Another significant advantage of Electrum is the safe holding of Seed, which will be used to recover or access our wallet. It is also important to encrypt our wallet well. Electrum can also be used on an offline machine. It is also worth mentioning the basic functions of Electrum, which are safe receiving and sending crypto values.

What do you dislike about Electrum Wallet?

Beginning users starting their adventure with cryptovalutes may have problems with handling this wallet.

Recommendations to others considering Electrum Wallet:

If you are interested in crypto value topic, you should consider trying Electrum now, because thanks to this wallet your crypto values will be safe.

What problems is Electrum Wallet solving and how is that benefiting you?

Thanks to the use of Electrum, they can quickly receive payments from customers from all over the world.

Read more
DR

David R

April 17, 2019 Source: G2.com
"El mejor wallet ligero para tus Bitcoin"
What do you like best about Electrum Wallet?

Electrum es una de las primeras billeteras creadas para Bitcoin hace algún tiempo, desde entonces ha sido mi billetera favorita, ya que tiene muchas opciones y es muy liviana gracias al hecho de que no ocupa mucho espacio en mi computadora, a diferencia de otras. carteras

Lo mejor para mi de Electrum es:

+No es necesario descargar la totalidad de la cadena de bloques de Bitcoin para funcionar porque está sincronizada con servidores externos mantenidos por la comunidad que contiene la cadena de bloques de forma remota.

+Implementa las opciones de seguridad más actuales de una manera que hace que sea casi imposible ser hackeado y perder mi Bitcoin. Semilla, 2FA, MultiSign Wallet, transacciones fuera de línea ...

+Es compatible con la última versión de Bitcoin Segwit y también es compatible con Bitcoin Legacy

+Hay aplicaciones de bifurcaciones que admiten otras versiones de Bitcoin creadas por la comunidad, aunque su seguridad puede ser cuestionable.

What do you dislike about Electrum Wallet?

Aunque Electrum es muy simple y esto para algunos podría ser un punto negativo no es mi caso y creo que dada la complejidad de trabajar con criptomonedas es importante que las carteras sean simples para que los usuarios sin experiencia puedan usarlas sin problemas.

Recommendations to others considering Electrum Wallet:

Recomiendo Electrum si está buscando una billetera ligera de Bitcoin que no requiera que descargue toda la cadena de bloques. Electrum también ofrece seguridad adicional para mantener su dinero seguro y también de forma gratuita.

What problems is Electrum Wallet solving and how is that benefiting you?

Estaba buscando una billetera Bitcoin que no me obligó a descargar la cadena de bloques completa en mi computadora, ya que puede llevarle días descargar más de 100 GB de datos, por lo que probé Electrum y en 5 minutos mi billetera estaba funcionando y pude para recibir mi bitcoin.

Read more
AU

Anonymous User

April 10, 2019 Source: G2.com
"Very secure/reliable Bitcoin Wallet"
What do you like best about Electrum Wallet?

I like how simple, secure, the wallet is. Fees are low compared to other wallets which is a plus. 🙌

What do you dislike about Electrum Wallet?

I dislike that there is no password feature, but only a pin feature. I also don't like the fact that it isn't integrated with the lightning network nor has support for ledger, or trevor devices.

What problems is Electrum Wallet solving and how is that benefiting you?

I'm able to send, receive, and make payments with bitcoin fairly seamless for my company. I have been able to make expense payments easily with the use of the wallet by sending smoothly to exchanges to convert it.

Read more
HT

Harold T

April 9, 2019 Source: G2.com
"Easy software wallet that can handle chain splits"
What do you like best about Electrum Wallet?

I like that the platform is fast and easy to setup, has integration with hardware wallets, has been around for a long time (since 2011). One of the best features of Electrum is that it does not download the entire Blockchain, making it very lightweight. It uses servers to collect the information and so saves lot of memory. It is end to end protected wallet which is encrypted, so there is no way for stealing your Bitcoins.

The private key generated for encryption are used from the seed itself which is stored in the Desktop, which would save the data from being lost. As it does not download the information from Blockchain, it would be much faster to perform the transactions. As the passwords and other data is not stored on the server, it would be much secure as it would not be easy to steal the information from the desktop.

Electrum is written in Python, which is much easier and shorter to review the coding and review the work. It can sign the transactions and verify the messages offline from where it can import and export the private keys. There are some other advanced features also available but where one needs to know the command language.

What do you dislike about Electrum Wallet?

UI could be improved, is a little too simplistic and does not have much guidance, tutorials, or tooltips. More geared for an advanced user. Electrum only supports BTC.

Recommendations to others considering Electrum Wallet:

Make sure you are technically competent and understand what you're doing. Don't lose your passwords!

What problems is Electrum Wallet solving and how is that benefiting you?

We are able to secure our BTC securely on the blockchain.

Read more

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