CoinBank vs Electrum Comparison
| Company | ||
|---|---|---|
| User rating | 1 user review | 11 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
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 |
| No data | @ElectrumWallet |
| Website | Website www.coinbank.info | Website electrum.org |
|---|---|---|
| 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 1 user review | User rating 11 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| 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? |
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: