The Electrum wallet is a straightforward, user-friendly Bitcoin wallet. In November of 2011, it was released. As a result, it is one of the oldest Bitcoin wallets on the market.
Only Bitcoin is stored in the Electrum Bitcoin wallet. This includes any splits of Bitcoin (such as Bitcoin Cash). Cryptocurrency users, on the other hand, have forked the Electrum software to enable various BTC forks.
What Makes the Electrum Wallet So Special?
Electrum is a software wallet, as I mentioned earlier. This implies it’s more secure than an online wallet but not as secure as a well-made paper wallet or a hardware wallet.
The Electrum wallet, while not the most secure cryptocurrency storage option on the market, provides customers with a very user-friendly solution for sending and receiving Bitcoin payments on a regular basis. If you like to make online payments using bitcoin, Electrum is ideal for having a little amount on hand.