Electrum wallet fees full#

The default transaction fee for sending BTC using Electrum is a flat rate of 0.2 mBTC. To find out where you can purchase BTC in the first place, check out our Cryptocurrency Exchange List. This is a downside to consider if you are looking to store multiple assets. Now, you will not be able to add any altcoin to an Electrum wallet. The wallet supports only BTC as the sole digital assets. Main competitors include MyEtherWallet, Exodus, Jaxx and BitGo. The Electrum team provides active support on Bitcointalk and the official subreddit.Īlthough it is one of the oldest Bitcoin wallets in existence, it still has to face competition. It is also popular among crypto veterans and has been voted as one of the most secure software wallets. These include TREZOR, KeepKey and Ledger Nano S.Īn active community of developers backs the wallet. Asides being a mobile and desktop wallet, Electrum integrates with major hardware wallets. This enables fast and efficient services since its sole currency is the BTC. However, it launched its Android wallet in March 2016.

Electrum wallet fees full#

So users do not have to download the entire Bitcoin blockchain and run a full node.Įlectrum offers software wallets predominantly. Electrum enables users to connect to external servers. The wallet was designed to be a lightweight and efficient BTC client wallet. German computer scientist, Thomas Voegtlin, developed the Electrum wallet. The wallet also boasts excellent security features, adding to its esteem.

Being open-source makes it one of the most trusted wallets available. Over the years, several developers have contributed to its source code.

The wallet is an open source software wallet. Electrum is compatible with multiple operating systems such as Windows, Mac, and Linux. The wallet, which used to be a desktop client alone, is now also available on mobile. Electrum Wallet is one of the oldest BTC wallets you can find.