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Author: Admin | 2025-04-28
Money is not a client of any investment adviser featured on this page. The information provided on this page is for educational purposes only and is not intended as investment advice. Money does not offer advisory services. Electrum is an open-source crypto wallet that was first released in 2011. Since then, it has become one of the most popular Bitcoin wallets due to its easy setup across devices, compatibility with major hardware wallets and open-source application. If you’re looking for a cryptocurrency wallet that offers the best desktop experience and are happy trading bitcoin only, then the Electrum crypto wallet could be the best crypto wallet for you. Read on for our review of Electrum's crypto wallet. Best desktop Bitcoin wallet Electrum is our pick for the best desktop Bitcoin wallet thanks to its easy setup process, compatibility with hardware wallets and open-source application structure. Electrum’s desktop app also allows for a high degree of customization, making it an ideal desktop wallet for users well versed in crypto trading and who have programming experience. The wallet does have some drawbacks, namely that it only supports Bitcoin and isn't ideal for beginners. Additionally, Electrum offers limited customer support compared to other popular wallets. While Electrum is compatible with Windows, Mac and Linux, the mobile version is currently only available on Android devices. Electrum crypto wallet pros and cons Easy setup processHardware wallet compatibleOpen source applicationSupports Bitcoin onlyLimited customer support Pros explained Easy setup process Electrum focuses on offering a no-frills Bitcoin storage experience that is best for those looking for fast and secure Bitcoin trading. As such, setting up your Electrum Bitcoin wallet account is easy. You must download the free app from the Electrum website or the Google Play Store, set up two-factor authentication, create a new wallet and set
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