Electrum bitcoin wallet review 2020

This is a 2020 review and installation guide for Electrum bitcoin wallet.

Electrum is one of the oldest Bitcoin wallets. It was launched in 2011. Unlike modern wallets containing countless features, links to exchanges, graphs and the like, Electrom’s clean interface is a pleasure.

This is a simple wallet with a high level of security that is suitable for keeping Bitcoin, sending and receiving it. it can also connect to hardware wallets.

Electrum also offers a desktop wallet that works for Mac, Windows and Linux.

Crypto-currency support

Electrum support only Bitcoin.

Electrum bitcoin wallet installation guide 2020

download the app.

Be sure to download the wallet only from the official website. you have links to google and other sources.

on the first screen, you will be asked what wallet you want to load: Standard, two-factor, multi-sig or to import private keys. We chose standard.

Electrum bitcoin wallet installation guide 2020

choose create a new seed.

Electrum bitcoin wallet installation guide 2020

than choose segwit.

Electrum bitcoin wallet installation guide 2020

You will now see the seed words.  i don’t want to  expose it because i might use this wallet 🙂 Write it down and keep the list in a safe place. If you forget your passcode, this is the only way to regain access to your coins. Never save the seed phrase as a digital file on your computer!

Electrum bitcoin wallet installation guide 2020

You will now be asked to re-enter your seed. You don’t have to write the whole word just the first letters and then choose from the options.

Electrum bitcoin wallet installation guide 2020

Now select a 6-digit password. Don’t forget it or you will have to recover the wallet from the seed.

Electrum bitcoin wallet installation guide 2020

Confirm your pin again and your wallet is ready!

Electrum bitcoin wallet installation guide 2020

 

Electrum bitcoin main features

 

This is the main screen. We currently have no coins so the balance is zero.

Electrum bitcoin wallet installation guide 2020

This is the send screen. You can choose the recipient.

Electrum bitcoin wallet installation guide 2020

You can choose the amount.

and also give a description for this specific transfer.

Electrum bitcoin wallet installation guide 2020

This is the receive screen, you can copy and share your address, as well as describe the action.

Electrum bitcoin wallet installation guide 2020

These are the key features of this simple and popular wallet.

 

Thank you for reading.

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Crypto for all!

 

Crypto for all!

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