You do not have to trust the server with your money. Â Your private keys are encrypted and never leave your computer. Created in November 2011 by Thomas Voegtlin it has since been modified by various developers (the code is open source). Kind of a spooky homescreen At first glance when you land on Electrum’s homepage the site looks pretty clean and understandable. Meaning, if I know nothing about Bitcoin and download this wallet I will not know what any of the stuff here means. Electrum does have very extensive documentation about the wallet and also an active BitcoinTalk categoryÂ where you can get your questions answered. Safe –Â Your private keys are encrypted and never leave your computer.
My only concern is that for a newbie this wallet may still be confusing as it focuses on functionality and not user experience. You can also keep your private keys offline, and go online with a watching-only wallet. However I’m still a bit deterred from screenshots like the one shown below as a newbie: Just seems to be too technical (IMO). Electrum is a client based wallet – meaning it’s software you download and run fromÂ your computer. To sum things up – Electrum is a great fast, secure and stable wallet, however it does not suit beginners. Also another great benefit of Electrum is that it can be used with TREZOR or LedgerÂ so you can send Bitcoins from your cold storage device as well. Â The server does not store user accounts.
You have different tabs at the top which allow you to choose between “send”, “receive” and other wallet related options. Last updated on January 2nd, 2018 at 12:00 am Perhaps one of the oldest players in the Bitcoin wallet market is Electrum. Electrum wallet FreeLast updated on January 2nd, 2018 at 12:00 am Perhaps one of the oldest players in the Bitcoin wallet market is Electrum.Storj.. However this is a huge leap from how the homepage used to look. The install process is pretty simple and straight forward. There is a great website that shows different examples of such processes in well known companies. .