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Electrum price5/16/2023 ![]() However, there have been clones created for Bitcoin Cash, Bitcoin Gold, and other coins.Įlectrum does have very extensive documentation online, as well as an active BitcoinTalk category where you can get your questions answered. There’s also an easy way to export all of the wallet’s history, addresses and labels.Īdditionally, the wallet allows you to sign messages using your private key and also “pay to many”, which is the process of sending one transaction to multiple recipients.Įlectrum supports only Bitcoin (BTC). You can label different addresses for reference so you know where payments are coming from. Electrum also supports the Replace By Fee feature (RBF) that allows you to rebroadcast your transaction with a higher fee if it doesn’t get confirmed. The wallet allows you to set custom transaction fees. The upside of Electrum is that it’s feature rich, mainly when it comes to customizing your Bitcoin transactions. If someone new to Bitcoin downloads this wallet, chances are they wouldn’t know what to make of all the options the wallet offers. It seems like Electrum focuses on functionality rather than on user experience. Three tabs at the top of the window allow you to choose between “send”, “receive” and your transaction history.Īt the bottom of the window, you have the option to view system settings, inspect your seed or change your password.Īll in all, the design is pretty simple yet not quite inviting. The user interface of the wallet’s desktop client is pretty straight forward. Take a look at Exodus to see how newbie onboarding is done.
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