Electrum vs SpectroCoin Comparison
| Company |
|
|
| User rating |
User rating
3.7 / 5
12 user reviews
|
User rating
2.8 / 5
29 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4 / 5
|
| Trust Score
How it works
|
Trust Score
4.03 / 5
|
Trust Score
3.49 / 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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SpectroCoin is a web-based crypto multi-currency wallet initially established as a cryptocurrency exchange in 2013. SpectroCoin provides numerous payment options and offers an original prepaid VISA debit card applicable for shops and ATMs. The other features of SpectroCoin are the currency exchange platform and providing payment solutions to merchants. The wallet is available in around 150 countries. SpectroCoin wallet is rather more convenient for EU users than the residents of the USA. The supported cryptocurrencies are Bitcoin, Dash, Ethereum, Litecoin, Ripple, Tether, and so on. Moreover, users may store 30 fiat currencies (USD, EUR, and others). The total number of supported cryptocurrencies is 14.
|
Founding Date
Country
|
International
|
United Kingdom
|
Languages
Wallet type
|
Software wallet
|
Software wallet
|
Storage type
Private keys
Available coins
|
1
- Bitcoin (BTC)
|
17
- Bitcoin (BTC), Basic Attention Token (BAT), Zcash (ZEC), Dogecoin (DOGE), 0x (ZRX), USD Coin (USDC), Ripple (XRP), Dash (DASH), Ethereum (ETH), Litecoin (LTC), NEM (XEM), Stellar (XLM), Tether (USDT), Matic Network (MATIC), Algorand (ALGO), TrueUSD (TUSD), Paxos Standard (PAX)
|
Security
|
No data
|
Third Party Encrypted
|
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
|
No data
|
2 Factor Authentication
|
| 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.
|
SpectroCoin is a web-based crypto multi-currency wallet initially established as a cryptocurrency exchange in 2013. SpectroCoin provides numerous payment options and offers an original prepaid VISA debit card applicable for shops and ATMs. The other features of SpectroCoin are the currency exchange platform and providing payment solutions to merchants. The wallet is available in around 150 countries. SpectroCoin wallet is rather more convenient for EU users than the residents of the USA. The supported cryptocurrencies are Bitcoin, Dash, Ethereum, Litecoin, Ripple, Tether, and so on. Moreover, users may store 30 fiat currencies (USD, EUR, and others). The total number of supported cryptocurrencies is 14.
|
| Founding Date |
Founding Date
2011
|
Founding Date
2013
|
| Country |
Country
International
|
Country
United Kingdom
|
| Languages |
Languages
English
|
Languages
English
|
| 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
Not available
|
| Available coins |
Available coins
1
- Bitcoin (BTC)
|
Available coins
17
- Bitcoin (BTC), Basic Attention Token (BAT), Zcash (ZEC), Dogecoin (DOGE), 0x (ZRX), USD Coin (USDC), Ripple (XRP), Dash (DASH), Ethereum (ETH), Litecoin (LTC), NEM (XEM), Stellar (XLM), Tether (USDT), Matic Network (MATIC), Algorand (ALGO), TrueUSD (TUSD), Paxos Standard (PAX)
|
| Security |
Security
No data
|
Security
Third Party Encrypted
|
| Anonymity |
Anonymity
No data
|
Anonymity
Low
|
| Ease of use |
Ease of use
No data
|
Ease of use
Average
|
| 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
yes
|
| Features |
Features
No data
|
Features
2 Factor Authentication
|
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.
|
- The platform provides its own debit card
- The support of numerous fiat currencies
- Numerous API options
|
Disadvantages
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
- Relatively high fees
- Too few info about the security measures
|
Rating
| User rating |
User rating
3.7 / 5
12 user reviews
|
User rating
2.8 / 5
29 user reviews
|
| Cryptogeek rating |
Cryptogeek rating
3.8 / 5
|
Cryptogeek rating
4 / 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
- The platform provides its own debit card
- The support of numerous fiat currencies
- Numerous API options
|
| Disadvantages |
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Disadvantages
- Relatively high fees
- Too few info about the security measures
|
Electrum user rating is 3.7, based on 12 user reviews. SpectroCoin user rating is 2.8, based on 29 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Electrum vs SpectroCoin - Which Wallet Is Better in 2024?
This Electrum vs SpectroCoin 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 SpectroCoin is rated 2.8 with 29 user reviews.
Let's finally move to overall Trust Score:
