Electrum is an Android application that provides access to a secure Bitcoin wallet. There is an encryption of private keys and fast transaction processing.
Wallet
This is an open-source Bitcoin wallet app that has gained popularity for its feature-rich functionality. It is known for strong security measures, private key encryption, and storage exclusively on the user’s device. This ensures that you have full control over your funds and reduces the risk of unauthorized access.
One of Electrum’s key features is its ability to recover a wallet using a secret phrase. This way, you will have a reliable backup in case of device loss or failure. The app’s fast transactions are possible by connecting to servers that index the Bitcoin blockchain.
Security
Electrum allows you to export your private keys, making them compatible with other Bitcoin wallets if desired. Moreover, the utility ensures high availability through decentralized servers.
Similar to CoolWallet, Electrum supports cold storage to further enhance security. You can keep your private keys offline while using a separate device as a watching-only wallet. The app also verifies all transactions in your history using Simple Payment Verification.
Features
- is a comprehensive and secure Bitcoin wallet;
- you can make fast transactions and manage your balance;
- supports cold storage and export of private keys;
- app is free to download and use;
- compatible with current Android versions.
