Electrum vs SelfKey Comparison
| Company |
|
|
| User rating |
User rating
3.6 / 5
11 user reviews
|
User rating
4 / 5
5 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4.2 / 5
|
| Trust Score
How it works
|
Trust Score
4.01 / 5
|
Trust Score
4.31 / 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.
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SelfKey Wallet is a product of the SelfKey foundation. It is a cryptographic wallet that supports ETH and all ERC-20 tokens storage, monitor and management. At SelfKey Wallet, the users are able to create a SelfKey ID with their personal details and KYC documents. In addition, the users' password is personal and so, no one else can have external access to it.
|
Founding Date
Country
|
International
|
International
|
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
| 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.
|
SelfKey Wallet is a product of the SelfKey foundation. It is a cryptographic wallet that supports ETH and all ERC-20 tokens storage, monitor and management. At SelfKey Wallet, the users are able to create a SelfKey ID with their personal details and KYC documents. In addition, the users' password is personal and so, no one else can have external access to it.
|
| Founding Date |
Founding Date
2011
|
Founding Date
2017
|
| Country |
Country
International
|
Country
International
|
| Languages |
Languages
English
|
Languages
English, Chinese
|
| 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
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
|
- 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.
|
- SelfKey empowers its users to not only remain private in the ecosystem they have created but also to perform transactions and provide services - all while remaining calm about security and anonymity.
- SelfKey has its own data storage, while similar systems use public storage. This means that there is literally no way that your information is leaked and used by third parties, which can happen during a data breach in any other company or system.
- Another feature of SelfKey is that it provides a very flexible and personalized KYC process. This is the process in which public institutions such as banks verify the identity and addresses of their customers. This process is quite tedious if done the traditional way, but this is where SelfKey comes in.
- With SelfKey, you can purchase a separate ID from verified vendors and then provide it to your chosen institution. These IDs are reusable so you don't have to get new ones every time you need them. The good thing about this process is that SelfKey minimizes the amount of data provided to the institution. You can be sure that your personal information will not be leaked.
|
Disadvantages
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
- Only English and Chinese localisation.
|
Rating
| User rating |
User rating
3.6 / 5
11 user reviews
|
User rating
4 / 5
5 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4.2 / 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
- SelfKey empowers its users to not only remain private in the ecosystem they have created but also to perform transactions and provide services - all while remaining calm about security and anonymity.
- SelfKey has its own data storage, while similar systems use public storage. This means that there is literally no way that your information is leaked and used by third parties, which can happen during a data breach in any other company or system.
- Another feature of SelfKey is that it provides a very flexible and personalized KYC process. This is the process in which public institutions such as banks verify the identity and addresses of their customers. This process is quite tedious if done the traditional way, but this is where SelfKey comes in.
- With SelfKey, you can purchase a separate ID from verified vendors and then provide it to your chosen institution. These IDs are reusable so you don't have to get new ones every time you need them. The good thing about this process is that SelfKey minimizes the amount of data provided to the institution. You can be sure that your personal information will not be leaked.
|
| Disadvantages |
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Disadvantages
- Only English and Chinese localisation.
|
Electrum user rating is 3.6, based on 11 user reviews. SelfKey user rating is 4, based on 5 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Electrum vs SelfKey - Which Wallet Is Better in 2024?
This Electrum vs SelfKey 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 3.6 with 11 user reviews, while SelfKey is rated 4 with 5 user reviews.
Let's finally move to overall Trust Score:
