CoinBank vs Electrum Comparison

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Company
User rating User rating 4 / 5 1 user review User rating 3.6 / 5 11 user reviews
Cryptogeek rating Cryptogeek rating 0 / 5 Cryptogeek rating 3.8 / 5
Trust Score How it works Trust Score 2.01 / 5 Trust Score 4.01 / 5

About

CoinBank is a Bitcoin Wallet for Android and iOS. It was been designed to provide the best possible digital currency experience on your Android&/iOS device.
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

No data 2011

Country

No data International

Languages

No data English

Wallet type

No data Software wallet

Storage type

No data Cold wallet

Private keys

Not available Available

Available coins

0 1 - Bitcoin (BTC)

Security

Third Party Encrypted No data

Anonymity

Medium No data

Ease of use

Easy No data

Has attached card

no No data

Has trading facilities

No data No data

Has vouchers and offers

yes No data

Features

Hierarchical Deterministic No data
About
CoinBank is a Bitcoin Wallet for Android and iOS. It was been designed to provide the best possible digital currency experience on your Android&/iOS device.
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 No data Founding Date 2011
Country Country No data Country International
Languages Languages No data Languages English
Wallet type Wallet type No data Wallet type Software wallet
Storage type Storage type No data Storage type Cold wallet
Private keys Private keys Not available Private keys Available
Available coins Available coins 0 Available coins 1 - Bitcoin (BTC)
Security Security Third Party Encrypted Security No data
Anonymity Anonymity Medium Anonymity No data
Ease of use Ease of use Easy 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 yes Has vouchers and offers No data
Features Features Hierarchical Deterministic Features No data

Social

Website

www.coinbank.info electrum.org

Twitter

No data @ElectrumWallet
Website Website www.coinbank.info Website electrum.org
Twitter Twitter No data Twitter @ElectrumWallet

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

- - Only 5 cryptocurrencies supported - No obvious customer support

Rating

User rating User rating 4 / 5 1 user review User rating 3.6 / 5 11 user reviews
Cryptogeek rating Cryptogeek rating 0 / 5 Cryptogeek rating 3.8 / 5
Advantages Advantages - 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 - Disadvantages - Only 5 cryptocurrencies supported - No obvious customer support

CoinBank user rating is 4, based on 1 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.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 2.01 / 5
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CoinBank vs Electrum - Which Wallet Is Better in 2024?

This CoinBank 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, CoinBank is rated 4 with 1 user reviews, while Electrum is rated 3.6 with 11 user reviews.

Let's finally move to overall Trust Score: