The new storage system, called electrum wallet, offers the best option to ensure the security of your bitcoins. Since Bitcoin continues to attract the attention of not only those who want to earn money on it, but also scammers who want to use the accumulations of happy owners of various types of coins.
What you need to know about the wallet
We offer you a simple and understandable guide, so you can understand that the electrum bitcoin wallet is not only a reliable storage tool, but also easy to manage, accessible even to those who take their first steps when working with cryptocurrencies.
In order to understand how to use the electrum wallet, it is enough to know the basic functions and features of the treatment. It is worth saying right away that everything is thought out to the smallest detail, and therefore it’s not difficult to figure it out.
The need for a reliable means of storing various types of cryptocurrency and bitcoin in particular has long arisen. Moreover, the cost of coins managed to grow several times, which means that they are becoming more attractive to attackers. This is especially true for bitcoins, as their value is constantly growing. Bitcoin storm is best way to make money with bitcoin.
Today, the market offers a fairly large selection of BTC wallets. They can be either online or installed on a computer. Each option has its own protection system, ensuring the safety of electronic accumulations from the effects of cybercriminals. In this case, the capabilities of the electrum bitcoin wallet allow you to immediately argue that the built-in protection allows you to talk about the high reliability of the software from external influences. This is facilitated by the availability of special functions. Moreover, an active concealment service allows you to provide the wallet with the necessary flexibility, at the same time it will be protected from hacking, which ensures that your BTC will be completely safe.
Why do you need to use wallet?
In order to take advantage of all the opportunities offered by the electronic cryptocurrency accumulation system, you just need to select electrum, download it, then go through the registration procedure and enjoy the complete safety of your funds. And you can download the file for all known operating systems, such as Windows, Mac OS, and Linux. The procedure itself will take a little time and will not require special knowledge from you. All you need is:
- Get a seed phrase;
- Create a complex password and use it for your wallet;
- You will need to choose the type of wallet. It can be either simple or multi-signature;
- The installation process ends with the fact that you will need to log in to your account.
From this moment, having received the address, you will be able to send to the wallet all earned and collected bitcoins or other cryptocurrency.
How to use a wallet
Before proceeding with the installation, you need to electrum download. After that, the direct installation begins. The installation file is completely safe and cannot cause damage to the operating system.
The specially developed Electrum does not have a strict binding to any country or other place of residence, and therefore it can be installed on any device controlled by Windows, Mac or Linux. Naturally, each system assumes that its own installation algorithm will be used.
Before you begin the setup, you should study the installation procedure. It will be almost the same for all operating systems. We will use one of the most widespread – Windows OS. For her, the easiest way is to find an electrum bitcoin wallet.
After installation, you should start it, and then select the option “Auto Connect”. After that, you need to wait until the program independently finds a reliable server and connects to it.
It is worth saying that for those who want to collect coins such as litecoin, you can similarly create an electrum litecoin wallet. Moreover, the electrum litecoin wallet that you created will work no worse than the one that you created for bitcoins, and have the same degree of protection.