Review on Electrum Wallet by Praise Olagbadun
The Best Bitcoin Wallet I've Ever Known
The Electrum Wallet is one of the most recognized cryptocurrency wallet that was created by Thomas Voegtlin in the month of November 2011 and has ever since had it's source code being contributed to by various developers
The platform has its application available on Windows, Linux, MacOS and Windows operating systems. It is one of the oldest Bitcoin wallets available and also one of the most trusted. The Electrum Wallet is limited to the number of cryptocurrencies stored as it stores only one, Bitcoin. Some people see this as a bad feature but I see it nice as they can focus mainly on this cryptocurrency and give users the best. It doesn't even support any of Bitcoin's fork like the Bitcoin Cash (BCH)
The Electrum Wallet is a software wallet with a very user friendly platform for sending and receiving Bitcoin payments. Electrum Wallet is a free wallet that has a good layout and a pleasant easy to use Platform
Pros
- Very easy to use
- Stores coins offline
- Perfect for Bitcoin users
- Makes use of two factor authentication
- One of the oldest Bitcoin wallets
Cons
- The wallet is a hot type, making it prone to hackers
- Supports only Bitcoin
- The recent security breach has reduced the trust users have in this platform
- The platform had security issues
