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ease
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Average Ratings 0 Ratings

Total
ease
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design
support

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Description

Since 2011, Electrum has established itself as a leading Bitcoin wallet, known for its speed, security, and user-friendliness, catering to a diverse range of users. To protect against malware, Electrum offers two-factor authentication through Trustedcoin, enhancing the overall security of transactions. Additionally, Electrum is open-source software, distributed under the MIT License, allowing anyone to operate their own Electrum server, which contributes to a decentralized network free from a single controlling entity. The wallet is compatible with various hardware wallets, including Ledger, Trezor, and Keepkey, ensuring that your private keys remain encrypted and securely stored on your device. In case of loss, users can easily recover their funds using a secret recovery phrase. Electrum's efficiency is attributed to its use of servers that index the Bitcoin blockchain, enabling swift transactions. Users also have the flexibility to export private keys for use with other Bitcoin clients, and the decentralized nature of Electrum servers guarantees that your wallet remains accessible at all times. Furthermore, the Electrum Wallet employs Simplified Payment Verification (SPV) to validate all transactions in your history, while also offering the option to keep private keys offline and utilize a watching-only wallet for enhanced security. Overall, Electrum combines robust features with user-centric design, making it a reliable choice for Bitcoin enthusiasts.

Description

Understanding our wallet is crucial for you, and here we will share key information about Magnum. As a light wallet, Magnum ensures that we do not collect or retain users' private keys, backup files, or any personal data. This type of wallet is considered one of the safest and most reliable methods for managing cryptocurrencies. Throughout your session, you maintain complete control over your private keys, which remain securely on your device. They are encrypted and stored in the local storage of your browser, providing an additional layer of security. All interactions with the blockchain are facilitated through an encrypted SSL connection, ensuring that your transactions remain confidential. To enhance security, Magnum utilizes a backup file that contains your encrypted private keys, which you must download and keep in a safe location. This backup allows you to access your wallets across different devices or browsers. However, to decrypt this backup, you will need to enter the passphrase you created. It is important to note that if you lose or forget this passphrase, we will not be able to recover your backup file or private key. Therefore, keeping your passphrase secure is of utmost importance.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

Divly
Bitamp
Bitcoin
COLDCARD
Cointelli
Keystone Wallet
Koinly
Lightning Network
Lydia Finance
Sparrow Wallet
Walletify
ZenLedger

Integrations

Divly
Bitamp
Bitcoin
COLDCARD
Cointelli
Keystone Wallet
Koinly
Lightning Network
Lydia Finance
Sparrow Wallet
Walletify
ZenLedger

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

Electrum

Founded

2011

Website

electrum.org

Vendor Details

Company Name

Magnum Wallet

Website

magnumwallet.link/

Product Features

Product Features

Alternatives

Alternatives

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