Is electrum a good wallet?

Updated on June 30, 2020 in Electrum
5 on June 27, 2020

I have been checking out for good wallets that is not vulnerable, weak and prone to getting hacked, a couple of friends already told me about Electrum but I need to hear from you guys. Thanks

 
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0 on June 27, 2020

Like you said “not vulnerable” Electrum is a software wallet and can be vulnerable to hackers and malware. I recommend you make use of Electrum wallet if you are not storing a large amount of cryptocurrency for a long period of time. If not, what you need is a cold wallet, I prefer hardware wallet, you can buy them and have your coin saved with the highest security available.

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0 on June 27, 2020

Electrum only accept one kind of cryptocurrency which is bitcoin. So if you need payments regarding bitcoin online you can continue with them.

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0 on June 29, 2020

Electrum is a nice wallet. Though its a software wallet it is better than an online wallet. And it doesn’t share private keys so you are not trusting the platform with your keys.

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0 on June 30, 2020

Electrum is the best wallet for beginners but not simpler for people that won’t be careful. It has several options that newbies shouldn’t take. Like their 2fa, It doesn’t allow for users to see their seed the second time, Incase you lost it.

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0 on June 30, 2020

The only wallet I’m aware that supports different other wallets. Give it a try, you can also check other wallets if you are not satisfied.

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