How to Use Ele¢trum Bit¢oin Wallet?
Setting up Electrum on your desktop is as easy as installing any other wallet software. However, the open-source wallet’s user interface has a very basic Windows 95 feel, which may deter beginners used to more user-friendly, gamified financial applications.
Like the desktop version, the mobile version of the Electrum wallet (only available for Android) has a very basic user interface. Nonetheless, the mobile version comes with the same functionalities as the desktop version, including Lightning Network support.
According to our Electrum wallet review, this wallet supports Bitcoin storage even though several thousands of cryptocurrencies are available in the market. Since its inception, Electrum has only focused on Bitcoin, thereby providing a highly secure and efficient BTC wallet. It offers sophisticated Bitcoin storage and increases transaction speeds significantly.
As per the Electrum wallet reviews, Electrum is the most secure Bitcoin wallets because of the encryption techniques that are used to secure private keys. Electrum has a highly secure seed, the random phrase used for generating the keys. It offers the same level of security as that of a Bitcoin private key. The seed is very important as it is the only way the user can recover the password if they lose it. The password initiated by the user can open the wallet that is very much needed to execute Bitcoin payments.