![]() ![]() ![]() ![]() Make sure you follow these steps properly to set up the wallet and benefit from it to store your bitcoins. Click “auto-connect” if it is your first Ethereum wallet and tap “next.”.Set the wallet password once the backup phrase is set.Re-enter the seed phrase in the next step for confirmation.It will act as the key to your wallet in case of computer failure. The computer will show you a 13-word seed phrase that you should write down and keep safe.Tap on “create a new wallet” and then “standard wallet” by clicking on Next.Follow these instructions to create the new wallet. You can either create a new wallet or restore the existing one as per your needs. Setting Up The WalletĪfter successfully downloading and installing the wallet, it is time to set it up. That’s enough! The wallet is now downloaded and installed on your device. As soon as the download is complete, you have to carefully open the file and follow the prompted instructions. Next, tap on “window installer” to download all the necessary package files to your device. You should visit the official site of Electrum and click on the download button to get the wallet. The first step in using the Electrum wallet is downloading and installing the wallet on your device. Electrum is a free and decentralized platform to store bitcoins. If you wish, then you can integrate it with other hardware wallets. As a result, anyone can do it and enjoy the service of the Electrum. Setting up the wallet is extremely simple and easy. From the play store, one can download it for free and enjoy the features offered in the desktop version without trouble. Based on the wallet reviews, Electrum is now accessible for mobile devices, including Android and iOS. ![]() Anyone can download this wallet from the official site free of cost. It means the wallet runs without any downtime.Įlectrum is well-known as a desktop wallet compatible with Linux, Windows and Mac operating systems. Another great feature of this wallet is that the servers are decentralized and redundant.It supports hardware wallet integration with major hardware wallets, including Trezor, Keepkey, and Ledger-Nano S.Electrum renders cold storage, and thus users’ private keys are stored offline. SPV (Simple Payment Verification) always verified the transactions performed in the wallet.You can use the secret recovery phrase rendered at the time of installing and setting up the wallet to recover the funds. There is nothing to worry about whenever something goes wrong with the computer.It is because the wallet requests this information from Electrum’s servers, which index the bitcoin blockchain. Electrum is fast, and thus users do not require downloading the entire blockchain.Since the keys are not shared with the Electrum servers, you will enjoy guaranteed safety and security. Electrum renders full control of the user’s private keys because it is encrypted and stored on the user’s computer.Here is the list of the major features of the Electrum wallet that attract the attention of bitcoin users. Make sure you get the wallet from the official site and app stores to enjoy its benefits to the core. This software wallet runs on Mac, Windows, Linux, iOS and Android without payment. It stores only bitcoins and does not provide support for other cryptocurrencies. Being open-source makes the wallet one of the highly trusted bitcoin wallets accessible in the market. It is an open-source software wallet, and many developers have contributed to its source code over the years. Get your queries resolve by Customer Care Advisor. Users can use this wallet on both desktop and mobile according to their needs. Being one of the oldest wallets in the crypto market and committed to its amazing security features, it has gained huge popularity and trust among crypto enthusiasts. It is one of the secured, private and fast cryptocurrency wallets designed for bitcoins. Do you invest in bitcoin? Are you worried about how to keep bitcoins safe? If yes, then you can use the Electrum wallet. ![]()
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