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Lome, Maritime, Togo
5 Level
442 Review
122 Karma

Review on Electrum LTC Wallet by Fanuel PORPORTY

Revainrating 4 out of 5

Electrum Litecoin Wallet

Electrum Litecoin wallet is an open source, desktop-based wallet that was designed specifically for Litecoin (LTC). The code for Electrum was released in 2011 and though it was initially a Bitcoin-only wallet, developers have created other versions.

Electrum Litecoin wallet is a lightweight Litecoin client and does not require a download of the entire chain.

According to its website, it is a community-maintained port of the Bitcoin wallet, Electrum, to Litecoin. Its design is simple yet feature-filed, making it appropriate for all levels of users, beginners and more advanced.



Pros
  • Lightweight client does not require full LTC blockchain download
  • Suitable for both beginners and experienced users
  • Does not store users’ private keys
  • You can access funds on another wallet by exporting private keys
  • Open source wallet
Cons
  • Lengthy setup procedure
  • Unregulated
  • As a desktop wallet, it is not conveniently accessible for use on the go
  • It does not support trading or exchange services
  • Not hierarchical deterministic