About Electrum Wallet
Electrum Wallet was created by Thomas Voegtlin in November 2011. Since then, various developers have contributed to its source code. The prides itself on being fast, safe and private. The wallet is a lite wallet, meaning it does not download the blockchain, so there are no delays on setup and it’s always up-to-date. Your private keys are encrypted and never leave your computer.
Your wallet can be recovered from a secret phrase (also known as a seed phrase). You can also keep your private keys offline, and go online with a watch-only wallet. Your private key is also not shared with the server connecting Electrum to the Bitcoin network. The server does not store user accounts. You are not tied to a particular server, and the server does not need to know you.
Electrum Wallet Points Table
| Basic | Point |
|---|---|
| Wallet Name | Electrum |
| Available Platform | Android |
| Wallet Type | Online Mobile Wallet |
| Anonymity | High |
| Easy To Use | Very Easy |
| Currency Supported | Bitcoin |
| Buy/Sell Facility | Available |
| Language | English |
| Pin Code Protected | Yes |
| Frequency Of Update | Once In A Month |
| Price | Free |
| Trust Score | 8/10 |
| Support | electrumdev@gmail.com |
| Official Link | Click Here |
How To Install & Send/Receive Coin
How To Download Electrum Wallet
Download Wallet From App Store Of Your Choice . The Wallet Available For Android & IOS Device .
How To Setup Wallet
It Is Very Easy To Setup . Click On Start Button . After Brief Information You’ll Be Prompted To Create A Custom PIN Code .After That You Will Get Paper Key Fill It And Save This Key On Safe Place . You Are Done .
How To Send Coin From Electrum Wallet
Click On Coin Icon Which You Want To Send . Than You Redirect To Transfer Page . Just Fill Receiver Address & Fill Amount Which You Want To Send . And Click On Confirm Button . You Are Done .
How To Receive Coin In Wallet
Click On Coin Icon Which You Want To Receive , Than Click On Receive Button , You Will See Your Coin Address Copy It And Share With Payer That It
Electrum Fees
The Electrum Wallet commission is up to 0.7 sat/byte. You can reduce it to 0.1 if there is no need for a quick transfer. If the transaction amount together with the commission is more than what is on the balance, the wallet will display a warning. You can choose in the wallet to specify the size of the fee manually and the ability to replace the commission after sending the transaction if its size is insufficient.
Electrum Wallet Features
Safe
Your private keys are encrypted and never leave your computer.
Forgiving
Your funds can be recovered from a secret phrase.
Instant On
Electrum is fast, because it uses servers that index the Bitcoin blockchain.
No Lock-In
You can export your private keys and use them in other Bitcoin clients.
No Downtimes
Electrum Wallet servers are decentralized and redundant. Your wallet is never down.
Proof Checking
The Wallet verifies all the transactions in your history using SPV.
Cold Storage
Keep your private keys offline, and go online with a watching-only wallet.
Multisig
Split the permission to spend your coins between several wallets.
Add-ons
Electrum supports third-party plugins: Multisig services, Hardware wallets, etc.
Free and Decentralized
The Wallet is free software. Released under the MIT License. Anyone can run an server. No single entity controls the network.
Improve your Bitcoin Experience
Securing Bitcoin payments since 2011, This is one of the most popular Bitcoin wallets. This is fast, secure and easy to use. It suits the needs of a wide spectrum of users.
Supported Coins
Supported Coins Electrum supports only Bitcoin (BTC). However, there have been clones created for Bitcoin Cash, Bitcoin Gold, and other coins.
Electrum Bitcoin Wallet
The Bitcoin wallet for Android.
Secure, feature rich and trusted by the Bitcoin community since 2011.
• Website: https://electrum.org
• Email: electrumdev@gmail.com
• GitHub: https://github.com/spesmilo/electrum
• Support: Please use GitHub or email to report bugs rather than the app rating system.
Features:
• Safe: Your private keys are encrypted and never leave your device.
• Forgiving: Your wallet can be recovered from a secret phrase.
• Instant On: They uses servers that index the Bitcoin blockchain making it fast.
• No Lock-In: You can export your private keys and use them in other Bitcoin clients.
• No Downtimes: They servers are decentralized and redundant. Your wallet is never down.
• Proof Checking: The Wallet verifies all the transactions in your history using SPV.
• Cold Storage: Keep your private keys offline and go online with a watching-only wallet.
Electrum Wallet FAQ
Is Electrum Wallet Is Free ?
Yes Electrum Wallet Available For Free Of Cost To All User .
Is Electrum Customer Support Available ?
Yes Electrum Customer Support Available .
Is Electrum Wallet Provide Private Key ?
Yes Electrum Wallet Provide Private Key . You Can Setup Private Key During Setup Of Wallet .
How to Backup Electrum Wallet ?
You Can Back Your Electrum Wallet From Recover Key .
How Does Electrum Calculate Transaction Fees ?
Electrum has its own fee calculation system. It’s based on the current fees on the Blockchain network, in order to save you the most money by having you pay the lowest fee possible.