Armory Wallet vs Electrum Comparison
| Company |
|
|
| User rating |
User rating
4.3 / 5
15 user reviews
|
User rating
3.6 / 5
11 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.6 / 5
|
Cryptogeek rating
3.8 / 5
|
| Trust Score
How it works
|
Trust Score
4.11 / 5
|
Trust Score
4.01 / 5
|
About
|
Armory is a free Bitcoin cold wallet supporting multi-signature. It is an open source protocol utilizing high-end protection features. Historically Armory is one of the earliest efficient cold storage cryptocurrency wallets. This wallet has a reputation of one of the most secure Bitcoin wallets. Armory doesn't support any cryptocurrency besides Bitcoin (BTC).
|
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
Founding Date
Country
|
International
|
International
|
Languages
Wallet type
|
Software wallet
|
Software wallet
|
Storage type
|
Hot / Cold wallet
|
Cold wallet
|
Private keys
Available coins
|
1
- Bitcoin (BTC)
|
1
- Bitcoin (BTC)
|
Security
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
|
Hierarchical Deterministic, Open Source, Multi-Signature
|
No data
|
| About |
Armory is a free Bitcoin cold wallet supporting multi-signature. It is an open source protocol utilizing high-end protection features. Historically Armory is one of the earliest efficient cold storage cryptocurrency wallets. This wallet has a reputation of one of the most secure Bitcoin wallets. Armory doesn't support any cryptocurrency besides Bitcoin (BTC).
|
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
|
| Founding Date |
Founding Date
2013
|
Founding Date
2011
|
| Country |
Country
International
|
Country
International
|
| Languages |
Languages
English
|
Languages
English
|
| Wallet type |
Wallet type
Software wallet
|
Wallet type
Software wallet
|
| Storage type |
Storage type
Hot / Cold wallet
|
Storage type
Cold wallet
|
| Private keys |
Private keys
Available
|
Private keys
Available
|
| Available coins |
Available coins
1
- Bitcoin (BTC)
|
Available coins
1
- Bitcoin (BTC)
|
| Security |
Security
Personal
|
Security
No data
|
| Anonymity |
Anonymity
Medium
|
Anonymity
No data
|
| Ease of use |
Ease of use
Average
|
Ease of use
No data
|
| Has attached card |
Has attached card
no
|
Has attached card
No data
|
| Has trading facilities |
Has trading facilities
No data
|
Has trading facilities
No data
|
| Has vouchers and offers |
Has vouchers and offers
No data
|
Has vouchers and offers
No data
|
| Features |
Features
Hierarchical Deterministic, Open Source, Multi-Signature
|
Features
No data
|
Social
Website
Twitter
Advantages
|
- Open source
- Cold storage support, allowing you to manage bitcoin without the Internet
-Top-end security features, such as hierarchical deterministic (HD) and multi-signature support
|
- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required.
- Decentralization. The wallet is fully decentralized.
- Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking.
- Control over private keys. Their import or export.
- Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money.
- Wallet recovery using seed-phrase from which private keys are generated.
- Transparency, which is provided by the publication of open-source code.
- Manually set commission size.
- Bulk translations.
- Multilingualism. There are translations in different languages in the wallet.
|
Disadvantages
|
- No mobile support offered
- Lack of two-factor authentication
- Depth of security features may put it out of reach for beginners
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Rating
| User rating |
User rating
4.3 / 5
15 user reviews
|
User rating
3.6 / 5
11 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.6 / 5
|
Cryptogeek rating
3.8 / 5
|
| Advantages |
Advantages
- Open source
- Cold storage support, allowing you to manage bitcoin without the Internet
-Top-end security features, such as hierarchical deterministic (HD) and multi-signature support
|
Advantages
- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required.
- Decentralization. The wallet is fully decentralized.
- Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking.
- Control over private keys. Their import or export.
- Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money.
- Wallet recovery using seed-phrase from which private keys are generated.
- Transparency, which is provided by the publication of open-source code.
- Manually set commission size.
- Bulk translations.
- Multilingualism. There are translations in different languages in the wallet.
|
| Disadvantages |
Disadvantages
- No mobile support offered
- Lack of two-factor authentication
- Depth of security features may put it out of reach for beginners
|
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Armory Wallet user rating is 4.3, based on 15 user reviews. Electrum user rating is 3.6, based on 11 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Armory Wallet vs Electrum - Which Wallet Is Better in 2024?
This Armory Wallet vs Electrum comparison is based on the most recent data on both companies. We do our best to provide you with unbiased information about cryptocurrency companies.
Based on user reviews only, Armory Wallet is rated 4.3 with 15 user reviews, while Electrum is rated 3.6 with 11 user reviews.
Let's finally move to overall Trust Score:
