The Electrum Wallet lets you start a new wallet or import an existing Bitcoin wallet. While Electrum won’t win any beauty pageants, its reliable security features make Electrum a must-have for serious Bitcoin investors.
#ELECTRUM MIRROR FULL#
Think of Electrum as a discreet-yet-stable Bitcoin-only wallet with a full suite of features. Unlike other wallets, Electrum won’t connect to the latest decentralized applications or enable trading on decentralized exchanges. What makes this wallet a standout against the competition is that it focuses on making Bitcoin’s built-in security superpowers - such as multiple signatures (multisig) and cold storage - easy to access. That leaves users to wonder what’s happening under the hood, whether the wallet phones home, and whether there are yet-to-be-revealed security concerns.Įlectrum takes a different direction, however.
A large number of those wallets also use closed-source code.
Be sure to download Electrum from the official source.Ī hefty number of today’s crypto wallets either place the focus on Ethereum and its vast universe of ETH-based tokens or on supporting several types of crypto. It also means other projects can fork the Electrum code, as nearly 3,000 have already, to build a similar wallet for Bitcoin or other cryptocurrencies. This means Electrum is free to use and the code is open to review. Founded when Bitcoin was still a twinkle in the eyes of investors back in 2011, Electrum is an open-source Bitcoin-only wallet that was released under the MIT License.
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