![]() These might be best for users who wish to hold their Bitcoin on an offline device or transfer it to a hardware wallet. Standard wallets have the least security measures. If you are looking for the highest in security, you might want a multi-signature wallet, which is the most secure of Electrum’s options. These options give you more flexibility in how your Bitcoin is stored. With Electrum, you can choose whether you want your wallet to be set up with multiple-signature security, 2FA, or standard security for watch-only wallets. Personalized securityĮlectrum offers different options for securing the Bitcoins you entrust to them. It recommends the Ledger Nano series of hardware wallets for storing Bitcoin. Electrum supports many of the most powerful and popular hardware wallets around. Users can also download the wallet on an offline device to achieve a similar result. Electrum also gives users the option to transfer their Bitcoin to a hardware wallet, keeping their coins safe offline. Hardware wallet compatibilityīy default, Electrum offers hot storage, which is open to invasion from hackers. After installation, you can be sure that everything is correct, and get to storing your Bitcoin fast. With Electrum, you don’t have to worry about getting anything wrong during setup. This takes all of the complex technological mumbo jumbo and figures it out for you. Top perks Straightforward installationĮlectrum makes everything easy to download and install, walking you through every step of the process in their installation wizard. This wallet uses two-factor authentication (2FA) to ensure no one else can access your BTC. Electrum is one of the oldest Bitcoin wallets, having originated in 2011. The Electrum Bitcoin Wallet is a non-custodial digital wallet that uses hot storage, and can combine with the services of a cold storage hardware wallet for extra security.
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