Copay Bitcoin Wallet vs Electrum Comparison
| Company |
|
|
| User rating |
User rating
3 / 5
1 user review
|
User rating
3.6 / 5
11 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
|
Cryptogeek rating
3.8 / 5
|
| Trust Score
How it works
|
Trust Score
2.86 / 5
|
Trust Score
4.01 / 5
|
About
|
Copay is an Hierarchical Deterministic wallet. This means that funds in the wallet can be restored using old backups, diminishing the risks of losing funds. The extra security of using different addresses for each bitcoin transaction is also a positive security feature alongside multisignature capabilities. Copay allows users to check prices in over 150 currencies.
|
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
Storage type
Private keys
Available coins
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 |
Copay is an Hierarchical Deterministic wallet. This means that funds in the wallet can be restored using old backups, diminishing the risks of losing funds. The extra security of using different addresses for each bitcoin transaction is also a positive security feature alongside multisignature capabilities. Copay allows users to check prices in over 150 currencies.
|
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
Personal
|
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
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
- Multisig
- Private keys control by users
- Anonymity
|
- 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
|
- Supports only Bitcoin and Bitcoin Cash
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Rating
| User rating |
User rating
3 / 5
1 user review
|
User rating
3.6 / 5
11 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
4.2 / 5
|
Cryptogeek rating
3.8 / 5
|
| Advantages |
Advantages
- Open-source
- Multisig
- Private keys control by users
- Anonymity
|
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
- Supports only Bitcoin and Bitcoin Cash
|
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Copay Bitcoin Wallet user rating is 3, 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.
Choose other companies
Copay Bitcoin Wallet vs Electrum - Which Wallet Is Better in 2025?
This Copay Bitcoin 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, Copay Bitcoin Wallet is rated 3 with 1 user reviews, while Electrum is rated 3.6 with 11 user reviews.
Let's finally move to overall Trust Score:
