Electrum

Electrum is an application that is a bitcoin vault. Essentially, it is a cryptocurrency wallet that works on the electronic principle. Note that the program is set up for a perfect balance between the security of storage, as well as convenience in accessing your financial means.

Account Management

At its core, Electrum is no different from similar wallets. It has been around since 2011, which serves as a guarantee for the user. Your cryptocurrency will not go anywhere and it can be transferred to any other system at any time, if necessary. Storage and transfer is ensured by Electrum utility's direct access to the blockchain servers. This gives a constant and uninterrupted flow of data, which indicates to the utility that your bitcoins belong to you. Just like with any other wallet, Electrum allows you to transfer cryptocurrency and also receive it if you need to. To do this, you only need to follow a few simple steps. First, specify the recipient's wallet. Secondly, specify the amount of currency to be transferred. Subsequently, the transfer will be completed within seconds with minimal fees from blockchain operators.

Storage

Like any other cryptocurrency wallet, Electrum provides access by entering a special secret phrase. It is known only to the user and is specified during registration. If you lose the phrase, you can use the backup keys. But if they have been lost, it will not be possible to regain access to the wallet even with the help of developers. This is the peculiarity of blockchain technology. Thankfully, you can share your keys and save them in various social networks.

Key features

• Electronic wallet for cryptocurrency;
• You can safely store your own tokens;
• There is a function of making various transfers of coins;
• Access is realized with the help of a secret phrase or encryption keys.