Is electrum a good cryptocurrency wallet?

Right from the creation of the wallet, Electrum assumes the user knows what they are getting into and what they want from their wallet. In the hands of the experienced cryptocurrency user, Electrum is a flexible Bitcoin wallet that’s convenient to set up. Anyone new to cryptocurrencies, however, will not be able to make the most of its features.

What is Electrum & how does it work?

Personalized security: Electrum allows users to choose between multiple-signature, 2FA, or standard security options for securing their Bitcoin. A multi-sig wallet offers the highest level of security, while a standard wallet is ideal for those looking to hold their BTC in a hardware wallet.

Can electrum encrypt my seed?

Electrum can, at your option, encrypt the copy of your seed stored to disk. In the event that your computer is attacked, an intruder obtaining Electrum’s files will be unable to decrypt your seed. You may also encrypt the entire wallet file by selecting the “Encrypt wallet file” option. Doing so encrypts all wallet contents, not just the seed.

Does electrum have an iOS app?

There’s no app for iOS yet. Multi-Wallet Support: Control multiple wallets from the mobile app or with Electrum installed on a computer. Use Electrum To Build a Cold Storage Wallet: Crypto wallets use public keys and private keys, the latter of which allows you to send and spend Bitcoin.