Electrum vs Freewallet Comparison
| Company | ||
|---|---|---|
| User rating | 12 user reviews | 153 user reviews |
| Cryptogeek rating | ||
| Trust Score How it works |
About
|
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.
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Freewallet (or FRWT) is a web3 non-custody wallet that supports a wide range of functions including swapping, purchasing, and managing cryptocurrencies based on 15 different blockchains with safety and ease.
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Founding Date
| 2011 | 2016 |
Country
| International | Estonia |
Languages
| English | English, Japanese, Portuguese, German, French, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Indonesian |
Wallet type
| Software wallet | Software wallet |
Storage type
| Cold wallet | Cold wallet |
Private keys
| Available | Available |
Available coins
| 1 - Bitcoin (BTC) | 93 - Bitcoin (BTC), Basic Attention Token (BAT), NEO (NEO), VeChain (VET), OmiseGO (OMG), Lisk (LSK), Bitcoin Gold (BTG), Zcash (ZEC), Populous (PPT), Bytecoin (BCN), Dogecoin (DOGE), DigixDAO (DGD), Zilliqa (ZIL), Status (SNT), 0x (ZRX), Loopring (LRC), Golem (GNT), Ardor (ARDR), DigiByte (DGB), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Substratum (SUB), FunFair (FUN), Nxt (NXT), Nucleus Vision (NCASH), WAX (WAX), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Dentacoin (DCN), Kin (KIN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), POA Network (POA), Gnosis (GNO), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Network (LOOM), Enjin Coin (ENJ), Santiment Network Token (SAN), DigitalNote (XDN), Pundi X (NPXS), Ignis (IGNIS), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), Gifto (GTO), PayPie (PPP), BLOCKv (VEE), Bibox Token (BIX), Ruff (RUFF), Ripio Credit Network (RCN), UTRUST (UTK), CRYPTO20 (C20), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), EOSDT, BitTorrent (BTT), Auctus (AUC), Compound SAI (CSAI), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), FTX Token (FTT), TrueUSD (TUSD), Paxos Standard (PAX), Quant (QNT), SwissBorg (CHSB), IoTeX (IOTX), Chiliz (CHZ), Ankr (ANKR), Unibright (UBT), Fantom (FTM), NAGA Coin |
Security
| No data | Third Party Encrypted |
Anonymity
| No data | High |
Ease of use
| No data | Easy |
Has attached card
| No data | no |
Has trading facilities
| No data | yes |
Has vouchers and offers
| No data | No data |
Features
| No data | 2 Factor Authentication, Multi-Signature, Hierarchical Deterministic |
| About |
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.
|
Freewallet (or FRWT) is a web3 non-custody wallet that supports a wide range of functions including swapping, purchasing, and managing cryptocurrencies based on 15 different blockchains with safety and ease.
|
|---|---|---|
| Founding Date | Founding Date 2011 | Founding Date 2016 |
| Country | Country International | Country Estonia |
| Languages | Languages English | Languages English, Japanese, Portuguese, German, French, Korean, Russian, Traditional Chinese, Simplified Chinese, Vietnamese, Indonesian |
| Wallet type | Wallet type Software wallet | Wallet type Software wallet |
| Storage type | Storage type Cold wallet | Storage type Cold wallet |
| Private keys | Private keys Available | Private keys Available |
| Available coins | Available coins 1 - Bitcoin (BTC) | Available coins 93 - Bitcoin (BTC), Basic Attention Token (BAT), NEO (NEO), VeChain (VET), OmiseGO (OMG), Lisk (LSK), Bitcoin Gold (BTG), Zcash (ZEC), Populous (PPT), Bytecoin (BCN), Dogecoin (DOGE), DigixDAO (DGD), Zilliqa (ZIL), Status (SNT), 0x (ZRX), Loopring (LRC), Golem (GNT), Ardor (ARDR), DigiByte (DGB), Waltonchain (WTC), aelf (ELF), Centrality (CENNZ), Substratum (SUB), FunFair (FUN), Nxt (NXT), Nucleus Vision (NCASH), WAX (WAX), Power Ledger (POWR), Storm (STORM), Mixin (XIN), Enigma (ENG), Storj (STORJ), TenX (PAY), Dentacoin (DCN), Kin (KIN), Civic (CVC), Iconomi (ICN), SingularityNET (AGI), POA Network (POA), Gnosis (GNO), Polymath (POLY), Cube (CUBEAUTO), Po.et (POE), Genaro Network (GNX), Loom Network (LOOM), Enjin Coin (ENJ), Santiment Network Token (SAN), DigitalNote (XDN), Pundi X (NPXS), Ignis (IGNIS), Bluzelle (BLZ), Genesis Vision (GVT), THETA (THETA), Gifto (GTO), PayPie (PPP), BLOCKv (VEE), Bibox Token (BIX), Ruff (RUFF), Ripio Credit Network (RCN), UTRUST (UTK), CRYPTO20 (C20), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), EOSDT, BitTorrent (BTT), Auctus (AUC), Compound SAI (CSAI), UNUS SED LEO (LEO), Huobi Token (HT), Binance USD (BUSD), FTX Token (FTT), TrueUSD (TUSD), Paxos Standard (PAX), Quant (QNT), SwissBorg (CHSB), IoTeX (IOTX), Chiliz (CHZ), Ankr (ANKR), Unibright (UBT), Fantom (FTM), NAGA Coin |
| Security | Security No data | Security Third Party Encrypted |
| Anonymity | Anonymity No data | Anonymity High |
| Ease of use | Ease of use No data | Ease of use Easy |
| Has attached card | Has attached card No data | Has attached card no |
| Has trading facilities | Has trading facilities No data | Has trading facilities yes |
| Has vouchers and offers | Has vouchers and offers No data | Has vouchers and offers No data |
| Features | Features No data | Features 2 Factor Authentication, Multi-Signature, Hierarchical Deterministic |
Social
Website
| electrum.org | freewallet.org |
| @ElectrumWallet | @freewalletorg |
| Website | Website electrum.org | Website freewallet.org |
|---|---|---|
| Twitter @ElectrumWallet | Twitter @freewalletorg |
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. | - In-built exchange - Multi-currency wallet - Credit cards accepted - Multi-language user-friendly interface |
Disadvantages
| - Only 5 cryptocurrencies supported - No obvious customer support | - Customer service needs improvements |
Rating
| User rating | User rating 12 user reviews | User rating 153 user reviews |
|---|---|---|
| Cryptogeek rating | Cryptogeek rating | Cryptogeek rating |
| 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. | Advantages - In-built exchange - Multi-currency wallet - Credit cards accepted - Multi-language user-friendly interface |
| Disadvantages | Disadvantages - Only 5 cryptocurrencies supported - No obvious customer support | Disadvantages - Customer service needs improvements |
Electrum user rating is 3.7, based on 12 user reviews. Freewallet user rating is 4.7, based on 153 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? |
Electrum vs Freewallet - Which Wallet Is Better in 2024?
This Electrum vs Freewallet 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, Electrum is rated 3.7 with 12 user reviews, while Freewallet is rated 4.7 with 153 user reviews.
Let's finally move to overall Trust Score: