Electrum Wallet

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Electrum WalletInfo

About Electrum Wallet

Electrum was created by Thomas Voegtlin in November 2011. It is an open-source simplified payment verification (SPV) wallet that verifies Bitcoin transaction information based on the SPV principle proposed by Satoshi Nakamoto.

Electrum Wallet Main Features

Safe: Your private keys are encrypted and never leave your device.Forgiving: Your wallet can be recovered from a secret phrase.
Instant On: Electrum uses servers that index the Bitcoin blockchain making it fast.
No Lock-In: You can export your private keys and use them in other Bitcoin clients.
No Downtimes: Electrum servers are decentralized and redundant. Your wallet is never down.
Proof Checking: Electrum Wallet verifies all the transactions in your history using SPV.
Cold Storage: Keep your private keys offline and go online with a watching-only wallet

Electrum Wallet Supported Coins

The Electrum wallet only supports the storage of Bitcoin (BTC).

How much does electrum cost?

The default transaction fee for sending BTC using Electrum is a flat rate of 0.2 mBTC. A millibitcoin is the one-thousandth of a BTC.

How does Electrum work?

Electrum's focus is speed, with low resource usage and simplifying Bitcoin. Startup times are instant because it operates in conjunction with high-performance servers that handle the most complicated parts of the Bitcoin system.

How To Use Electrum Wallet ？

To receive funds in the Electrum Wallet, please follow the steps below:

1. Click the "Receive" tab on the main Electrum window.

2. Next to the "Receiving Address" label, you will see a string of characters (under the red box above). Click the "Copy Symbol" (two pieces of paper on a blue background). This will copy the public (receiving) key to your clipboard.

3. Paste the public key to where you are sending the Bitcoin. If you're sending it from an exchange, paste the public key into the send address field under the withdrawal options on the exchange. Once you have clicked "Send", it may take a while to receive into your Electrum wallet.

4. If you're sending Bitcoin from a mobile device, you can use the QR code instead.

To send funds in the Electrum Wallet, please follow the steps below:

1. Click the "Send" tab at the top of the main Electrum wallet screen.

2. Copy the address you want to send Bitcoins to. This might be to an online store, a friend, or an exchange.

3. Paste the address into the box that says "Pay To". Always double-check the address to make sure it is correct. You can do this by checking the first and last 3 digits.

4. Enter the amount of Bitcoin you want to send in the box labeled "Amount".

5. Adjust the fee using the slider. The smaller the fee, the longer your transaction will take. If the transaction is urgent, you can slide the slider over to the far right. This will cost more but will speed up the transaction by a lot.

6. Double-check all the information is correct. Then, hit "Send".