Similar Software to Electrum Wallet: 14 best alternatives for 2023We have 14 alternatives to Electrum Wallet. The best Electrum Wallet alternatives are Bitcoin Core Wallet, Phantom Wallet, and Coin98 Wallet.
|Bitcoin Core Wallet||Windows, Linux.|
|Phantom Wallet||Web, Windows, Mac, iOS, Android.|
|Coin98 Wallet||Web, Windows, Mac, iOS, Android.|
|Keplr||Web, Windows, Mac, iOS, Android.|
|Math Wallet||Web, Windows, Mac, iOS, Android.|
|XDefi Wallet||Web, Windows, Mac, iOS, Android.|
|Metamask||Web, Windows, Mac, iOS, Android.|
|Rabby||Web, iOS, Android.|
|AVME||Windows, iOS, Android.|
|Trust Wallet||iOS, Android.|
|Jaxx Wallet||Web, Windows, Mac, iOS, Android, Linux.|
|Exodus Wallet||Windows, Mac, iOS, Android.|
|Atomic Wallet||Windows, Mac, iOS, Android.|
Electrum Wallet is the leading bitcoin-only wallet. Electrum is a free software wallet, non-custodial with no KYC, that is open source. Founded in 2011 by Thomas Voegltin, Electrum wallet is considered very secure, with extremely deeply vetted source code, and features like creating new addresses for anonymity. Electrum has two-factor authentication by TrustedCoin. Electrum is famous for integrating with cold storage hardware wallets such as Ledger, Trezor, and others, and can be used as a "watch only" wallet that contains no keys. Electrum is also known for the ability to open LIghtning channels, the fast layer 2 protocol for quick & inexpensive BTC payments. Electrum is a multi-sig wallet for security and for jointly owned funds, where more than one set of keys may be required for transactions. Electrum is known for functionality and not a slick user interface, some say it has a Windows 95 feel. Electrum offers no staking, and the mobile app is only available on Android.
1. Bitcoin Core WalletBitcoin Core Wallet runs on Windows, Linux.
A Bitcoin core wallet runs on the Bitcoin Core client. It is a software program that is accessible by other users of the bitcoin network through their software clients or hardware wallets. The wallet has several important functions, including "creating and holding" bitcoins, "browsing or sending transactions," and "generating and storing backups."
It also has a key management feature that many users rely on to safeguard their bitcoins. If your wallet is stolen or deliberately corrupted, you can recover your bitcoins using it by generating a new wallet, encrypting it with a passphrase (a simple message), and then spending the bitcoins from the new wallet. This process is called "restoring your wallet" or "re-destroying" your balance.
The Bitcoin Core software is open source and free to download from the internet, although it is not available for all platforms. It also requires a certain level of technical knowledge to use, and users should never entrust their bitcoins to any wallet that they are not sure is secure.
2. Phantom WalletPhantom Wallet runs on Web, Windows, Mac, iOS, Android.
Phantom Wallet is a free, open-source Solana wallet developed by Carbonite. It allows you to store your private keys online. This can be useful if you are traveling and want to keep track of your coins over time. Phantom Wallet also offers a “Bitshares Wallet” feature that lets you directly connect to Bitshares (BSR) through a web wallet. This is great for people who prefer BSR as their primary currency. Anyone who has used Bitshares before will know what I am talking about, so this is not an unfamiliar concept. Phantom Wallet includes some beneficial features such as an in-wallet buy and sell function, support for trading cryptocurrencies, and the ability to send Bitcoin and Ether from the wallet without setting up an exchange account. The way it works is that it creates an internet connection that can be used to make purchases. When you are purchasing on the web, Google ensures your account is safe and ensures that you do not lose money due to fraudulent transactions.
3. Coin98 WalletCoin98 Wallet runs on Web, Windows, Mac, iOS, Android.
Coin98 wallet is the number one multi-chain, non-custodial wallet, and De-Fi gateway. Developed by Coin98 Labs in 2020, the product is available as a web and mobile app for IOS and android. It seamlessly connects users to the digital currency world safely and securely. As the wallet is non-custodial, users have complete control over their money. Although many Crypto wallets exist, most of them lag on security grounds. Coin98 wallet outsmarts others in this respect by ensuring better protection through multiple approaches such as TouchId, FaceID, or traditional passwords. In addition to this, it has a feature-rich add-on. This specific addition allows you to manage multiple portfolios and stay updated with the latest market trends. Coin98 wallet provides convenient, fast, and secure processes of sending, storing, and receiving crypto payments on 21 blockchains. Popular blockchain names include Ethereum, Binance Smart Chain, Solana, and many others. The wallet is expected to add more blockchains in the coming years to attain its goal of De-Fi mass adoption.
4. KeplrKeplr runs on Web, Windows, Mac, iOS, Android.
Keplr Wallet is one of the leading wallets for the Cosmos ecosystem which allows you to manage all your tokens using one wallet. It was launched back in October 2021 by Chinapsis. This browser extension wallet is simple and easy to use by everyone. At the moment, it supports CertiK, Agoric, Bostrom, Akash, Sifchain, and many others. For you to keep all your transactions private and safe, it is ideal to perform them offline. The private keys are usually encrypted and stored in your computer safely. It features a vote on governance proposals, token supports, and so on. Therefore, if it is your first time using this app, you do not need to worry about the safety of your data because it does not collect, log or store your data. Each time you need to explore any blockchain applications on Cosmos ecosystem or any other, this app assures you of more convenient operations.
5. Math WalletMath Wallet runs on Web, Windows, Mac, iOS, Android.
MathWallet is one of the multi-chain platforms that offer support for over 60 blockchains such as BinanceChain, Solana, Filecoin, Polkadot, ETH, BTC, etc., and currently has attracted over 1.2 users globally. The app of the platform is available for both Android and iOS users. It is usable for sending and receiving SOL tokens. Some key features with this platform are; ease to send tokens, Comes up with fully client-side wallets, and It supports all types of DeFi DApps. In other words, Math Wallet is a cross-chain and multi-chain blockchain hub for storing assets. The main investors that the platform boasts include; NGC Ventures, Multi-coin Capital, Fundamental Labs, Binance Labs, Alameda Research, and Fenbushi. The app can be downloaded from Google Play Store and Apple Store to be able, to visually see the Solana environment using your mobile device. Remember that Math Wallet is just an extension wallet that can accommodate multi-chain DeFi DApps.
6. XDefi WalletXDefi Wallet runs on Web, Windows, Mac, iOS, Android.
XDEFI Wallet is a popular multi-chain browser extension. It’s available on Brave (Firefox) and Chrome. Founded in 2020 by David Phan and Emile Dubie, the wallet aims to serve DeFi and NFT users. This innovative product is the only wallet in the world with integrations on Ethereum, THORchain, Terra, and various EVM networks. Best of all, the XDEFI Wallet is a decentralized/non-custodial wallet. That means users have full control over their data and finances. The wallet employs enhanced security. So, you can send, store, and receive cryptocurrencies without issues. It also allows connections to decentralized applications. You can additionally swap cryptocurrencies and access De-Fi (decentralized finance) products. The XDEFI Wallet is the fastest gateway for THORchain, Ethereum, and Terra. It’s engineered for the multi-chain era and currently allows connections to nine blockchains. Popular blockchain names include THORchain, Ethereum, Polygon, Binance Chain, and Bitcoin. The wallet aims to add more blockchains soon.
7. MetamaskMetamask runs on Web, Windows, Mac, iOS, Android.
Metamask is a browser-based tool that allows users to create, send, and receive untraceable transactions in the bitcoin world. It has been around since November 2014 and is free to use. Metamask operates in the same way that other cryptocurrency wallets, such as Coinomi or Ledger Nano S, do: by using a “private key” which is your password-protected web wallet address, accessed via a password . Users have full control over their keys and can perform any transaction on Metamask. Unlike other wallets with no access control , Metamask does not store your private keys directly on your computer; instead it stores them on servers that are geographically isolated from your computer. This prevents any damage done to the computer from being replicated across multiple computers. This makes it virtually impossible for hackers to steal your coins if they manage to break into one of these servers — but you can still activate two factor authentication on Metamask if you want additional security measures like two-factor authentication.
8. RabbyRabby runs on Web, iOS, Android.
Rabby is an open-source wallet built, maintained and backed by DeBank, designed for use with Defi protocols. Rabby offers multichain transactions that are not possible in a regular single-chain wallet. Rabby has integrated across 32 different blockchains, with more on the way, and offers automatic switching to the correct blockchain target. Rabby focuses on security as a competitive edge and runs a security rule engine check prior to any proposed transaction. This rule check gives a ranked security rating of "forbidden," danger," or "warning" based on any Defi rules Rabby perceives as being broken in the transaction being considered. Rabby has the unique feature of showing the estimated balance changes to your assets in the wallet if the user does sign off on the proposed transaction. Rabby's open code has been audited by a legit security firm, the China-based SlowMist, considered a top-five smart contract auditing team. Rabby works as an extension to Chrome browsers, similar to Metamask.
9. ZenGoZenGo runs on iOS, Android.
When you use ZenGo, a flexible cryptocurrency wallet that is fast, secure, and trustworthy, you can trade on all of your chosen exchanges from one spot. This allows you to maximize your trading efficiency. The user interface of ZenGo was developed to be intuitive, offering users privacy and security that are on par with the very best that the world has to offer. Your funds are guaranteed to be safe at all times, regardless of what is happening in the cryptocurrency markets, because it supports all major cryptocurrencies. These cryptocurrencies include Bitcoin, Ethereum, and Litecoin.
ZenGo is perfect for first-time users looking for a straightforward method to keep their crypto assets securely. This kind of user will find ZenGo to be ideal. Its user interface is uncomplicated and simple to use, and its navigation is also uncomplicated. You have the potential to enjoy the benefits of always having access to your cash, no matter where you happen to be, by using either the mobile app or the internet browser version of ZenGo. This is something you must remember if you are at home or in the workplace.
10. AVMEAVME runs on Windows, iOS, Android.
AVME Wallet is a single chain wallet running on the Avalanche C-Chain, which will migrate in the future to AVAX. AVME uses the ARC-20 token standard. AVME Wallet is developing cross chain capabilities, which is why they chose the C-Chain, or cross chain. AVME as a company is extremely focused on security, and the AVME wallet offers built in security protection including standard features like anti-malware, anti-virus, a fully encrypted password manager and a secure, trustless VPN. AVME's approach to virus protection and security is based on the leveraging the security aspects of the AVME network. AVME Wallet is fully open sourced, unlike many wallets which are only partially open sourced. AVME is taking a very different approach to security. Incumbent security providers rely on 100% secret source code and a very centralized approach. These centralized systems may be abused, as seen in headlines where many experts now no longer trust, for example, Kaspersky security. AVME is decentralized, and believes in trusting only the protocol, not the servers.
11. Trust WalletTrust Wallet runs on iOS, Android.
Trust Wallet bills itself as "The most trusted and secure crypto wallet," with an install base of over 25 million clients to back up that statement. Trust Wallet was founded as an independent company by Victor Radchenko, is based in San Fransisco, and was sold to Binance in 2019. Trust Wallet is a software wallet with a very full list of features, including exchanging and staking. Trust Wallet is open source, designed with security in mind, is fully audited with many layers of protection., and is decentralized, where the client holds their own keys. Trust Wallet offers the purchase of crypto through third-party Simplex, as do many wallets, but does not allow cashing out. Trust wallet claims zero fees, but some clients say gas fees are high, usually paid in Binance coin or BNB. Trust Wallet is highly regarded, with industry experts recommending importing wallets in order to deal with staking issues some other wallets cannot handle. While Trust Wallet claims to support Mac iOS, they have encountered issues in the App Store and may not be available for many iOS platforms in many countries.
12. Jaxx WalletJaxx Wallet runs on Web, Windows, Mac, iOS, Android, Linux.
The Jaxx Liberty Wallet was originally known as the Jaxx Wallet, released in 2018, and the Jaxx Classic Wallet. The Jaxx Wallet was built by Decentral, which was founded in 2014 by Anthony Di Iorio, a co-founder of Ethereum. Decentral has stopped issuing updates for Jaxx wallet, but Jaxx still has a large install base of millions and runs on almost every OS. Jaxx Wallet is a free software wallet, decentralized & non-custodial. Jaxx Wallet does publish its source code on its website, but it is not a fully open-source wallet. Jaxx Wallet has many attractive features, including a built-in blockchain explorer, security features including face scanning and fingerprint reading, and news & market data. Jaxx does not offer a huge (~90) list of cryptos and does not support NFTs. Jaxx is integrated with ShapeShift or Changelly for exchanging cryptos, and Simplex for fiat purchases. Simplex is ubiquitous but does not have great pricing for larger trades. Jaxx does not offer any ability to stake coins.
13. Exodus WalletExodus Wallet runs on Windows, Mac, iOS, Android.
The digital currency wallet was created in response to the increasingly popular demand for digital asset management tools. With help from a team of developers and engineers, Exodus Wallet promises one-click exchange capabilities as well as integration with ShapeShift. The wallet enables its users to store, trade, and track their blockchain assets including popular cryptocurrencies like Ethereum, Bitcoin, and Litecoin.
The Exodus Wallet is a decentralized wallet that facilitates the storage of several cryptocurrencies such as Bitcoin, Ethereum, and Litecoin. It allows its users easy management of their digital assets while facilitating support for dozens of blockchain assets. Exodus Wallet also has ShapeShift built-in allowing it to convert between cryptocurrencies without counterparty risk. It also allows for exchanging crypto to fiat currency like USD and EUR directly. Exodus Wallet is available on Android, iOS, Windows, Linux, and Mac making it easy for users to access their digital assets from any location. The wallet also has a beautiful design making it easy for users to use. Users have the option of choosing their preferred theme color from blue, red, yellow, green, and black.
14. Atomic WalletAtomic Wallet runs on Windows, Mac, iOS, Android.
Atomic Wallet was originally called Atomic Swap, founded in 2017 by Konstantin Gladych, who is also the CEO and a co-founder of Changelly, Atomic Wallet is named after Atomic Swaps, meaning trading coins across two different blockchains. Atomic wallet is a free software wallet that supports over 300 different cryptos. Atomic Wallet is an open-source system, with many security features, and is non-custodial, meaning only the user can ever see the private keys. Atomic wallet requires no KYC and is integrated with a third-party service to enable buying crypto with a credit card, however, there is no way to "cash-out" the crypto at this time. Atomic wallet is also integrated with Changelly to allow rapid atomic swaps for around sixty crypto pairs. As an early player, Atomic wallet boasts great names on their Trustpilot reviews including CZ from Binance, Charlie Shrem, and (the late) John McAfee, although they no longer support live chat. Prices and spreads are not the very best but not that bad for ease of use.