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Vietnam
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167 Review
416.5 Karma

Review on Electrum Wallet by Danh Huỳnh Ngọc Công

Revainrating 3 out of 5

Electrum - A nicely developed Bitcoin wallet

Electrum is a nearly perfect wallet for Bitcoin lover. This wallet is simply a good option for anyone who wants to find a good means of storing and transferring Bitcoin. Along with significantly easy usage, Electrum can be adjusted in many sections and the network it runs on. This wallet is on my whitelist




Pros
  • - Electrum wallet does not require a lot of disk space capacity so it is suitable to the low spec computers
  • - Users can start using the wallet by restoring an existing wallet or create a new one. When creating a new wallet, users can freely choose among four different types: standard wallet, wallet with 2 factor-authentication, multi-signature wallet, or a watch-only address. Every type of wallet can be generated with many different methods
  • - Users can easily manage their passwords, seed phrases and private keys in a few clicks
  • - The interface is as simple as possible but it does not give me the feeling that it was poorly designed
  • - Sending and receiving Bitcoin with Electrum is very easy and convenient. With sending function, we can via PC's webcam, add a description for the transactions, adjust the number of transaction fees, and preview the transactions before their processing. With receiving function, it is possible to add the description, generate QR codes, and adjust the expiration time for the request. Transaction history can be imported and this is good for asset management
  • - It supports more than thirty languages; therefore, a lot of people coming from different countries will be able to use it
  • - It is possible to carry out many important settings on fees, transactions, general interface, fiat, or identity. It also lets the users make changes on the network (to protect privacy)
  • - Electrum wallet is a totally trusted wallet used by a lot of people in the world to manage and transfer Bitcoin
  • - Any bugs happening during the operation of the wallet can be reported on Electrum Github (this shows the project is transparent)
Cons
  • - The design of the user interface may be not for everyone as it is too simple and not colorful. It would be great if we can custom wallet's appearance
  • - There are some functions described in technical terms so people with little knowledge about IT may get confused
  • - Electrum is not the only Bitcoin wallet as there are many and many different Bitcoin wallets in the world
  • Users may get all their assets loss if their PC is infected by viruses or get hacked