1/7/2024 0 Comments Electrum wallet![]() Once the app is installed, you'll be able to create a variety of different wallet types, including a standard wallet, multi-signature wallet, and a wallet with two-factor security. (Image: Decrypt)Ĭreating a wallet in Electrum is a straightforward process that should take no more than a few minutes to complete. Electrum wallet review: getting started Electrum users can choose to create a standard wallet, multi-sig wallet, or a wallet with two-factor authentication. The app is currently only available on Android, but a desktop version of the client can be downloaded for Linux, Windows, and macOS. Some of the more advanced options, however, are tucked away behind less intuitive menus. The user interface is clean and simple, with three main tabs making it easy to navigate between sending, receiving and checking your balance. (Image: Decrypt)Įlectrum’s design is somewhat basic compared to many of its rivals, with little to no visual flair in its two-tone blue and black color scheme.ĭespite the dated design, the app is one of the most usable Bitcoin wallets we have tested. Electrum wallet review: design and UX Electrum wallet's design is functional, but has all the features you need. But its speed, usability, and strong feature set make it worth checking out. ![]() Much like its desktop counterpart, Electrum for Android features a fairly simplistic design with few frills. It’s gone on to become one of the most-used mobile Bitcoin wallets, with over 100,000 installs. The desktop version of Electrum has been in development since 2011, but an Android version of the client was released back in 2016. One of the first Bitcoin wallet clients ever released, Electrum remains one of the most recognizable names in the space. However, it lacks multi-asset support and its security options are somewhat limited.Its stand-out features include Simplified Payment Verification, multi-sig support, and cold storage options.Electrum is a simple, but feature-packed Bitcoin wallet available on a variety of operating systems-including Android.If you mistakenly used the malicious wallet, move your bitcoins immediately and remove the application from your computer. If you have recently installed Electrum, make sure you installed the official version from and not from any other source. Also, some point, they intend to have the official app on Mac App Store to avoid similar scams. In addition to GPG signatures, Electrum is working towards verifying the wallet using Windows native scheme. To combat these problems, Electrum recommends users check the GPG signatures before they start using the wallet. The Linux version remains unaffected, probably because the scammers did not want to have it in plain sight. They have a slightly different logo and claim to be a fork of the legitimate Electrum wallet.Įlectrum claims the malware is only available in the Windows and OS X versions of ElectrumPro. The website looks reasonably professional, and it is hard to identify it as a fraud unless you have been to the original site before. However, this is the first time scammers have been able to use the domain. Scammers have registered similar domains, hosting an infected version of the software for users to download. This is not the first time a fraudulent Electrum wallet has appeared. Once these keys are transmitted, the scammers can use it to retrieve user wallets along with all their funds. The team behind Electrum has given a detailed explanation on Github which anyone can follow to find the rogue lines of code on Electrum Pro which steals recovery seeds and sends them to the attackers.Ī recovery seed is a feature in most modern wallets where random words are generated that can be used to recover a wallet if the keys are lost. To make things worse, Electrum Pro comes above the legitimate Electrum on Google search because of Google Ads, a fact that will clearly trip up many users. The team behind Electrum now claims Electrum Pro is a malware meant to steal bitcoins. Recently, a new wallet that goes by a similar name - Electrum Pro - popped up with the domain name,, clearly attempting to divert users from the official website at. Popular bitcoin wallet service Electrum has released evidence demonstrating that copycat client “Electrum Pro” is “bitcoin-stealing malware.”įirst launched in 2011, Electrum has long been one of bitcoin’s most popular wallet clients, and many users trust the wallet for its proven security, ease-of-use, and its support for advanced features like multisig authentication and compatibility with hardware wallets like Ledger and Trezor.
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