Electrum 4.5.5

Electrum Technologies GmbH ❘ Open Source ❘
Windows

Electrum: Fast and Secure Bitcoin Wallet

David Fischer

12/25/2024

Electrum offers a robust platform for managing Bitcoin with impressive speed and advanced security features, making it a favorite among experienced users.

Electrum is a popular software wallet for managing cryptocurrency developed by Electrum Technologies GmbH. It is designed for users who want a high level of control over their digital assets while still being user-friendly.

With Electrum, users can easily create new wallets, import and export private keys, and securely sign transactions. The software also offers two-factor authentication and the option to encrypt the wallet file for added security.

Electrum supports multiple cryptocurrencies, including Bitcoin, Litecoin, Dash, and Bitcoin Cash. The wallet allows users to manage multiple accounts and addresses within a single interface, making it an efficient tool for those who frequently transact with cryptocurrency.

The software is open-source and constantly updated to fix bugs and improve functionality. Additionally, Electrum offers support for hardware wallets like Trezor, Ledger, and KeepKey, adding an extra layer of security for users.

Pros:
Easy to use
Secure and reliable
Supports multiple cryptocurrencies
Open-source software

Cons:
Not as visually appealing as some other wallets
No mobile app support

Electrum is a great choice for those looking for a feature-rich software wallet that prioritizes security and ease of use.

Overview

Electrum is a Open Source software in the category Development developed by Electrum Technologies GmbH.

The users of our client application UpdateStar have checked Electrum for updates 157 times during the last month.

The latest version of Electrum is 4.5.5, released on 08/25/2024. It was initially added to our database on 05/26/2016.

Electrum runs on the following operating systems: Windows.

Electrum has not been rated by our users yet.

Pros

Electrum is a popular and reliable Bitcoin wallet with a strong reputation in the cryptocurrency community.
Its user-friendly interface makes it easy for both beginners and experienced users to navigate the platform.
The wallet is lightweight and fast, allowing for quick transactions and updates on the Bitcoin network.
Electrum supports multi-signature wallets, providing an extra layer of security for users.
It offers cold storage options, allowing users to store their Bitcoin offline for increased security.
The software is open-source, allowing the community to audit the code for any vulnerabilities.

Cons

Although Electrum offers strong security features, using it on a compromised system may still pose risks.
As a desktop wallet, Electrum may not be as convenient for users who prefer mobile wallets for on-the-go transactions.
Some users may find the initial setup process of Electrum more complex compared to other wallets.

FAQ

What is Electrum?

Electrum is a software wallet for managing Bitcoin. It allows users to securely store their Bitcoin, and make transactions with other Bitcoin users.

Who created Electrum?

Electrum was created by Thomas Voegtlin in 2011. In 2017, Electrum Technologies GmbH was formed to support the ongoing development of Electrum.

Is Electrum open source?

Yes, Electrum is open source software released under the MIT License. This means that anyone can view, modify and distribute the code.

Is Electrum secure?

Yes, Electrum is widely considered to be a very secure Bitcoin wallet. It uses encryption and two-factor authentication to protect users' funds.

What platforms is Electrum available on?

Electrum is available on Windows, Mac OS X, Linux and Android.

How do I install Electrum?

Go to the Electrum download page on the official website. Click on the download link for your operating system. Follow the installation instructions. Open Electrum and create a new wallet or restore an existing one.

Can I use Electrum without connecting to the internet?

Yes, Electrum supports offline mode. This means you can create and sign transactions on an offline computer, then broadcast them to the Bitcoin network using a USB drive.

What is the fee for using Electrum?

Electrum does not charge any fees for using the wallet. However, transaction fees are required to send Bitcoin, and these fees are paid to the Bitcoin network.

Can I use Electrum with other cryptocurrencies?

No, Electrum is a Bitcoin wallet and is not designed to support other cryptocurrencies. However, there are other wallets available that support a wider range of digital currencies.

David Fischer

I am a technology writer for UpdateStar, covering software, security, and privacy as well as research and innovation in information security. I worked as an editor for German computer magazines for more than a decade before joining the UpdateStar team. With over a decade of editorial experience in the tech industry, I bring a wealth of knowledge and expertise to my current role at UpdateStar. At UpdateStar, I focus on the critical areas of software, security, and privacy, ensuring our readers stay informed about the latest developments and best practices.

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