CoinSpot Wallet vs Electrum Comparison

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Company
User rating User rating 4.3 / 5 16 user reviews User rating 3.1 / 5 8 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 3.8 / 5
Trust Score How it works Trust Score 3.73 / 5 Trust Score 4.02 / 5

About

Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.
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

2013 2011

Country

Australia International

Languages

English English

Wallet type

Software wallet Software wallet

Storage type

Hot wallet Cold wallet

Private keys

Not available Available

Available coins

150 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Verge (XVG), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Bytecoin (BCN), Steem (STEEM), Wanchain (WAN), Siacoin (SC), Dogecoin (DOGE), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Komodo (KMD), Aion (AION), Golem (GNT), Ardor (ARDR), IOST (IOST), DigiByte (DGB), Ark (ARK), Waltonchain (WTC), aelf (ELF), PIVX (PIVX), Factom (FCT), Dragonchain (DRGN), Substratum (SUB), Mithril (MITH), Syscoin (SYS), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nxt (NXT), Nebulas (NAS), Nucleus Vision (NCASH), OByte (GBYTE), ReddCoin (RDD), Revain (REV), WAX (WAX), SALT (SALT), Electroneum (ETN), MaidSafeCoin (MAID), Power Ledger (POWR), Zcoin (XZC), Enigma (ENG), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Skycoin (SKY), Horizen (ZEN), Civic (CVC), SingularityNET (AGI), POA Network (POA), Nexus (NXS), GameCredits (GAME), Dent (DENT), Vertcoin (VTC), Quantstamp (QSP), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), NULS (NULS), Enjin Coin (ENJ), Raiden Network Token (RDN), Metal (MTL), Arcblock (ABT), Pundi X (NPXS), SIRIN LABS Token (SRN), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), NavCoin (NAV), Gifto (GTO), Comet (CMT), AirSwap (AST), OST (OST), Scry.info (DDD), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), Quantum Resistant Ledger (QRL), AdEx (ADX), UTRUST (UTK), Einsteinium (EMC2), Ambrosus (AMB), Groestlcoin (GRS), WePower (WPR), Peercoin (PPC), Crypterium (CRPT), USD Coin ( USDC ), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Matic Network (MATIC), Terra (LUNA), pTokens BTC (PBTC), Crypto.com Coin (CRO), Filecoin (FIL), FTX Token (FTT), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Ocean Protocol (OCEAN), Celo (CELO), Energy Web Token (EWT), Quant (QNT), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), IoTeX (IOTX), TomoChain (TOMO), Chiliz (CHZ), Ankr (ANKR), IRISnet (IRIS), SUN (SUN), Hive (HIVE), Unibright (UBT), Fantom (FTM) 1 - Bitcoin (BTC)

Security

No data No data

Anonymity

No data No data

Ease of use

No data No data

Has attached card

No data No data

Has trading facilities

No data No data

Has vouchers and offers

No data No data

Features

No data No data
About
Coinspot wallet is a special service provided by Coisnpot exchange. It provides a hot wallet for every coin its exchange is currently trading. Alongside with crypto, it also supports the Australian Dollar. Currently ,CoinSpot wallet has more than 60 coins and tokens. Built-in exchange is an additional feature of the wallet as well as 2FA for the additional security. The only language available is English.
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 Australia 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 Not available Private keys Available
Available coins Available coins 150 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Verge (XVG), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Bytecoin (BCN), Steem (STEEM), Wanchain (WAN), Siacoin (SC), Dogecoin (DOGE), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Aeternity (AE), Status (SNT), 0x (ZRX), Loopring (LRC), Komodo (KMD), Aion (AION), Golem (GNT), Ardor (ARDR), IOST (IOST), DigiByte (DGB), Ark (ARK), Waltonchain (WTC), aelf (ELF), PIVX (PIVX), Factom (FCT), Dragonchain (DRGN), Substratum (SUB), Mithril (MITH), Syscoin (SYS), Gas (GAS), Elastos (ELA), Voyager Token (VGX), FunFair (FUN), Nxt (NXT), Nebulas (NAS), Nucleus Vision (NCASH), OByte (GBYTE), ReddCoin (RDD), Revain (REV), WAX (WAX), SALT (SALT), Electroneum (ETN), MaidSafeCoin (MAID), Power Ledger (POWR), Zcoin (XZC), Enigma (ENG), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Skycoin (SKY), Horizen (ZEN), Civic (CVC), SingularityNET (AGI), POA Network (POA), Nexus (NXS), GameCredits (GAME), Dent (DENT), Vertcoin (VTC), Quantstamp (QSP), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), NULS (NULS), Enjin Coin (ENJ), Raiden Network Token (RDN), Metal (MTL), Arcblock (ABT), Pundi X (NPXS), SIRIN LABS Token (SRN), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), NavCoin (NAV), Gifto (GTO), Comet (CMT), AirSwap (AST), OST (OST), Scry.info (DDD), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), Quantum Resistant Ledger (QRL), AdEx (ADX), UTRUST (UTK), Einsteinium (EMC2), Ambrosus (AMB), Groestlcoin (GRS), WePower (WPR), Peercoin (PPC), Crypterium (CRPT), USD Coin ( USDC ), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Matic Network (MATIC), Terra (LUNA), pTokens BTC (PBTC), Crypto.com Coin (CRO), Filecoin (FIL), FTX Token (FTT), Kusama (KSM), Algorand (ALGO), NEAR Protocol (NEAR), Ocean Protocol (OCEAN), Celo (CELO), Energy Web Token (EWT), Quant (QNT), Hedera Hashgraph (HBAR), Solana (SOL), Helium (HNT), IoTeX (IOTX), TomoChain (TOMO), Chiliz (CHZ), Ankr (ANKR), IRISnet (IRIS), SUN (SUN), Hive (HIVE), Unibright (UBT), Fantom (FTM) 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.com electrum.org

Twitter

CoinSpot @ElectrumWallet
Website Website twitter.com Website electrum.org
Twitter Twitter CoinSpot Twitter @ElectrumWallet

Advantages

- Easy to use and secure - Trusted - 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

- The platform can only be used by Australian residents - A deposit with a card has a 1% charges fee - Only 5 cryptocurrencies supported - No obvious customer support

Rating

User rating User rating 4.3 / 5 16 user reviews User rating 3.1 / 5 8 user reviews
Cryptogeek rating Cryptogeek rating 4.0 / 5 Cryptogeek rating 3.8 / 5
Advantages Advantages - Easy to use and secure - Trusted 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 - The platform can only be used by Australian residents - A deposit with a card has a 1% charges fee Disadvantages - Only 5 cryptocurrencies supported - No obvious customer support

CoinSpot Wallet user rating is 4.3, based on 16 user reviews. Electrum user rating is 3.1, based on 8 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?
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CoinSpot Wallet vs Electrum - Which Wallet Is Better in 2022?

This CoinSpot 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, CoinSpot Wallet is rated 4.3 with 16 user reviews, while Electrum is rated 3.1 with 8 user reviews.

Let's finally move to overall Trust Score: