Electrum wallet

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There’s pretty much only one name you’ll ever hear people say when it comes to desktop wallets, and that’s Electrum. Electrum is a lightweight, open-source, and reliable Bitcoin wallet that works across Windows, Mac, and Linux devices, and it’s one of the oldest and most reputable names in the Blockchain-tech world, first founded back in November 2011.

One of the biggest benefits of using Electrum, is that you don’t actually need to download the Blockchain to your device to begin using it. You can also set varying transactional fees, and it’s fully-compatible with many of the hardware wallets we looked at earlier.

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Deposit using Electrum Wallet

For those looking for additional privacy and security, but who don’t want to fork out cash to buy a hardware wallet, a desktop wallet is the perfect solution, and as the name suggests, this type of Bitcoin wallet is installed and stored on your personal computer.

Of course, this means you’ll need to download the Blockchain, which can take anywhere from a few hours, to a few days, dependant on its current size and the speed of your Internet Connection.

Remember to scan your computer regularly for malware and viruses if you take this option, and Bitcoin is becoming a common target for thieves, and you’ll want to ensure you don’t open yourself up to hacking.

Benefits of Electrum Wallet

  • Ideal for those looking for privacy
  • Easy to setup and install
  • Can adjust transaction fees easily

FAQs

An Electrum wallet is akin to a bank account, but the user is in complete control where an Electrum wallet is concerned. Electrum is very much the market leader in the desktop wallet arena, and users can access their funds on Windows, Mac and Linux devices.

To make deposits and to receive withdrawals at online casinos, you must have a crypto wallet. Electrum wallets are ideal to use in this situation, as you can store your Bitcoin in them, which is the most popular digital token around.

As Electrum is a desktop wallet, it means it’s stored on your computer. And, whether your PC or laptop is running Windows or another operating system, you can run malware and virus checks, ensuring the wallet is safe for online gambling.

Electrum wallets are popular because they install to desktop computers and laptops. They’re ideal solutions for users wanting extra layers of privacy, and they’re incredibly easy to set up and begin using.

One of the advantages of the Electrum wallet is that there is no requirement to download and install the blockchain to a device before using it. Therefore, saving you time and storage space.