Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Wallets => Topic started by: Believer on June 18, 2021, 10:17:01 AM
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Handling bitcoin can be difficult can be a hard task even for the most tech savvy of users. Handling bitcoin can be outright impossible for inexperienced users. Such inexperienced users usually tend to keep their bitcoin in hot wallets, these hot-wallets are very insecure and they can lose their money easily. The alternatives to this to run one's own cold wallet, but this is very difficult for users to handle. The electrum wallet bridges this gap by giving a light wallet. It takes less than a second to create a new bitcoin address with the electrum wallet. The UI is simple to use and it is a breeze to handle multiple addresses and keys. My most favourite feature is the ability to control the amount of outbound bitcoin transaction fees. Since the software is open source the code is auditable and so it is more secure than closed source wallets like Jaxx or storing bitcoin in exchanges like poloniex or coinbase. If one keeps sending bitcoin to the same address over and over again, such an address can be stored as a contact easily and from that point onwards bitcoins can be sent with the click of a button. It also offers a handy console to run scripts and perform command-line bitcoin operations. source (https://www.g2.com/products/electrum-wallet/reviews)