How Do I Transfer Bitcoin to Electrum Wallet

Bitcoin is altogether a different currency from what we all know and use every day. Before any users start using Bitcoin for any serious transaction, they are always recommended to be sure to secure their wallet. Always remember that it is user’s responsibility to choose their wallet carefully and adopt good practices in order to protect their money.

The Electrum Bitcoin wallet is a simple, easy to use Bitcoin wallet which only vittles Bitcoin. It doesn’t deal any support to any other cryptocurrency. This comprises any of Bitcoin’s forks (such as Bitcoin Cash). However, cryptocurrency users have forked the Electrum software to deal support to diverse BTC forks. Some advantages of using electrum wallet is listed below:

Advantages

• Perfect for those users who want to use Bitcoin to make regular payments.

• Password protection makes it harder for hackers to get into Electrum wallet for any theft and hacking.

• Instant on: Users don’t need to download the complete blockchain. Electrum wallet gets blockchain info from server which means there are no delays and it is always up-to-date.

• Private keys are not at all shared with the server. 

• No user information is stored over the server. Users have control over their own private keys and therefore their own Bitcoin.

• As it is Open source software, anyone can check the code for malfunctions, bugs, or security fissures.

• Completely free to download.

• Electrum can be also used as a multi-signature wallet. This upsurges the safetyoption of the wallet a lot.

• Users can use two-factor authentication with Electrum wallet. This also adds additional security to the wallet.

Despite the countless security features of the Electrum wallet, there have been problems with its security in the past. In November 2017, a security matter was made known to the Electrum team. Users have been facing issue in transfer of bitcoin also with electrum wallet. If you are also facing problem with transafer of bitcoin with electrum contact our electrum support number 1-866-930-2723.

Electrum's focus is speed and straightforwardness, with low resource usage. It uses remote servers that handle the most complex parts of the Bitcoin system, and it allows users to recover their wallet from a secret phrase. Still users have reported many incidents of transfer issue in bitcoin. If you are also a victim of such problem contact our Electrum phone number 1-866-930-2723.