Because of its focus on bitcoin and only bitcoin, Electrum is worth checking out if you’re shopping for a bitcoin wallet.Įlectrum has been around for more than a decade now, and was built specifically to work with the bitcoin blockchain, which gives it some speed and security advantages. If you are primarily a bitcoin investor, you might consider a special wallet that was designed to work with bitcoin in mind.Īs such, Electrum may be good for you, as it’s easy to use and has been around for more than a decade - something very few other wallets can claim. Most crypto investors already start with an exchange-hosted wallet like Coinbase Wallet, says Campbell, which is like using “an on-ramp and off-ramp into crypto.” Electrum - Best Bitcoin WalletĮlectrum was designed to work specifically with bitcoin in mind, so it’s a great choice if your only crypto investment is bitcoin. “We’ll tell 95% of the people we talk to, just use a Coinbase wallet,” says Chris Brooks, founder of Crypto Asset Recovery, a company that specializes in helping crypto investors recover passwords and seed phrases to their wallets. It’s simple, supports thousands of cryptos, and is also noncustodial, meaning you maintain control over your private keys. These tend to be free, easier to use, and are often connected to an exchange, meaning they support a large number of tokens and coins.Ĭoinbase Wallet, from the popular Coinbase exchange, is probably the best bet for beginners, experts say. If you’re new to the crypto space, experts recommend a simple hot wallet. It’s simple, easy to use, and supports thousands of different cryptocurrencies. Coinbase is an ideal choice for beginner crypto investors.

Electrum wallet fees