Electrum vs Lykke Wallet Comparison
| Company |
|
|
| User rating |
User rating
3.7 / 5
12 user reviews
|
User rating
4 / 5
1 user review
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
3.8 / 5
|
| Trust Score
How it works
|
Trust Score
4.03 / 5
|
Trust Score
4.18 / 5
|
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.
|
Lykke Wallet is the product of the eponymous crypto exchange. The mobile wallet has both Android and iOS versions whereas its online version is available for desktop platforms.
|
Founding Date
Country
|
International
|
Switzerland
|
Languages
Wallet type
|
Software wallet
|
Software wallet
|
Storage type
Private keys
Available coins
Security
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
|
No data
|
Hierarchical Deterministic, Open Source, Multi-Signature
|
| 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.
|
Lykke Wallet is the product of the eponymous crypto exchange. The mobile wallet has both Android and iOS versions whereas its online version is available for desktop platforms.
|
| Founding Date |
Founding Date
2011
|
Founding Date
2015
|
| Country |
Country
International
|
Country
Switzerland
|
| Languages |
Languages
English
|
Languages
English
|
| Wallet type |
Wallet type
Software wallet
|
Wallet type
Software wallet
|
| Storage type |
Storage type
Cold wallet
|
Storage type
Hot wallet
|
| Private keys |
Private keys
Available
|
Private keys
Available
|
| Available coins |
Available coins
1
- Bitcoin (BTC)
|
Available coins
0
|
| Security |
Security
No data
|
Security
Personal
|
| 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
Hierarchical Deterministic, Open Source, Multi-Signature
|
Social
Website
Twitter
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.
|
- Purchase and withdraw with fiat money
|
Disadvantages
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
- Not anonymous
|
Rating
| User rating |
User rating
3.7 / 5
12 user reviews
|
User rating
4 / 5
1 user review
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
3.8 / 5
|
| 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
- Purchase and withdraw with fiat money
|
| Disadvantages |
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Disadvantages
- Not anonymous
|
Electrum user rating is 3.7, based on 12 user reviews. Lykke Wallet user rating is 4, based on 1 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Electrum vs Lykke Wallet - Which Wallet Is Better in 2024?
This Electrum vs Lykke Wallet 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 Lykke Wallet is rated 4 with 1 user reviews.
Let's finally move to overall Trust Score:
