Coinify vs Electrum Comparison
| Company |
|
|
| User rating |
User rating
1.9 / 5
9 user reviews
|
User rating
3.6 / 5
11 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
4.0 / 5
|
Cryptogeek rating
3.8 / 5
|
| Trust Score
How it works
|
Trust Score
4.09 / 5
|
Trust Score
4.01 / 5
|
About
|
Coinify is an open-source cryptocurrency wallet and asset browser application that is actively offering solutions in Europe, Asia, and other regions. Coinify supports such popular coins as BTC, ETH, as well as ERC-20 tokens and other cryptocurrencies.
|
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
Languages
Wallet type
|
Software wallet
|
Software wallet
|
Storage type
Private keys
Available coins
|
12
- Bitcoin (BTC), Nano (NANO), Dogecoin (DOGE), USD Coin (USDC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Tether (USDT), Polkadot (DOT), Celsius (CEL)
|
1
- Bitcoin (BTC)
|
Security
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
| About |
Coinify is an open-source cryptocurrency wallet and asset browser application that is actively offering solutions in Europe, Asia, and other regions. Coinify supports such popular coins as BTC, ETH, as well as ERC-20 tokens and other cryptocurrencies.
|
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
2014
|
Founding Date
2011
|
| Country |
Country
Denmark
|
Country
International
|
| Languages |
Languages
English
|
Languages
English
|
| Wallet type |
Wallet type
Software wallet
|
Wallet type
Software wallet
|
| Storage type |
Storage type
Hot wallet
|
Storage type
Cold wallet
|
| Private keys |
Private keys
Available
|
Private keys
Available
|
| Available coins |
Available coins
12
- Bitcoin (BTC), Nano (NANO), Dogecoin (DOGE), USD Coin (USDC), Bitcoin Cash (BCH), Bitcoin SV (BSV), Ethereum (ETH), Litecoin (LTC), Stellar (XLM), Tether (USDT), Polkadot (DOT), Celsius (CEL)
|
Available coins
1
- Bitcoin (BTC)
|
| Security |
Security
No data
|
Security
No data
|
| Anonymity |
Anonymity
No data
|
Anonymity
No data
|
| Ease of use |
Ease of use
No data
|
Ease of use
No data
|
| Has attached card |
Has attached card
No data
|
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
No data
|
Features
No data
|
Social
Website
Twitter
Advantages
|
- Free to use
- Support the popular cryptocurrencies
- Option to buy crypto for fiat
- Open-source
- Own application
- Users can create more than one wallet for different types of currency
|
- 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 synchronization with Blockchain
- No multi-signature
- Mandatory verification
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Rating
| User rating |
User rating
1.9 / 5
9 user reviews
|
User rating
3.6 / 5
11 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
4.0 / 5
|
Cryptogeek rating
3.8 / 5
|
| Advantages |
Advantages
- Free to use
- Support the popular cryptocurrencies
- Option to buy crypto for fiat
- Open-source
- Own application
- Users can create more than one wallet for different types of currency
|
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 synchronization with Blockchain
- No multi-signature
- Mandatory verification
|
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Coinify user rating is 1.9, based on 9 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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Coinify vs Electrum - Which Wallet Is Better in 2024?
This Coinify 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, Coinify is rated 1.9 with 9 user reviews, while Electrum is rated 3.6 with 11 user reviews.
Let's finally move to overall Trust Score:
