Review on Electrum Wallet by Gabriel Medina
Electrum wallet for Bitcoin
This wallet is one of the best known by people who frequently use bitcoin. It is a non-custodial wallet, this means that we will have the seeds of the portfolio and we will not depend on any authority to manage our funds.
Electrum Wallet is safe, we can store the private key on a computer, hard drive or pendrive, and it also offers the phrase method to be able to recover the wallet in case we lose the data on the computer or device.
This portfolio will be used for light computers and although it is not very secure, it is faster and more comfortable to use. The wallet is compatible with Linux, Windows, and Mac OS.
The only supported cryptocurrency for this wallet is Bitcoin.
In general, Electrum is an incredibly fast, secure, stable wallet although it does not have much security and is not suitable for newbies. The wallet is supported by the Bitcoin community and is masterful in features. The protection you have with a password will not allow hackers to access your wallet. Users will be able to send and receive Bitcoin payments frequently. In short, a successful wallet for those who use bitcoin.
Pros
- Private keys are stored on the computer.
- Easy to use and effective.
- Two-factor authentication and it's open source.
Cons
- Security issues making it less secure.
- It is not compatible with multiple cryptocurrencies but only with Bitcoin.
- Not suitable for newbies.
