Compare Electrum vs Toast Wallet Wallet
| Company |
|
|
| User rating |
User rating
3.6 / 5
11 user reviews
|
User rating
3.5 / 5
17 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
4.07 / 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.
|
Toast wallet was an XRP wallet. It has been operating in 2017 - 2020. In 2020, it was shut down because Ripple and Xpring stopped funding its further development. Users with funds left on Toast are withdrawing their coins successfully.
|
Founding Date
Country
|
International
|
New Zealand
|
Languages
Wallet type
|
Software wallet
|
Software wallet
|
Storage type
Private keys
Available coins
|
1
- Bitcoin (BTC)
|
1
- Ripple (XRP)
|
Security
Anonymity
Ease of use
Has attached card
Has trading facilities
Has vouchers and offers
Features
|
No data
|
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.
|
Toast wallet was an XRP wallet. It has been operating in 2017 - 2020. In 2020, it was shut down because Ripple and Xpring stopped funding its further development. Users with funds left on Toast are withdrawing their coins successfully.
|
| Founding Date |
Founding Date
2011
|
Founding Date
2017
|
| Country |
Country
International
|
Country
New Zealand
|
| 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
1
- Ripple (XRP)
|
| Security |
Security
No data
|
Security
Personal
|
| Anonymity |
Anonymity
No data
|
Anonymity
Low
|
| 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
No data
|
| Has vouchers and offers |
Has vouchers and offers
No data
|
Has vouchers and offers
No data
|
| Features |
Features
No data
|
Features
Hierarchical Deterministic
|
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.
|
- Service is free
- Open-source software
- High speed
- Good security
|
Disadvantages
|
- Only 5 cryptocurrencies supported
- No obvious customer support
|
- The wallet was shut down
- No currencies besides XRP
- The use of fiat currencies is not allowed
|
Rating
| User rating |
User rating
3.6 / 5
11 user reviews
|
User rating
3.5 / 5
17 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
- Service is free
- Open-source software
- High speed
- Good security
|
| Disadvantages |
Disadvantages
- Only 5 cryptocurrencies supported
- No obvious customer support
|
Disadvantages
- The wallet was shut down
- No currencies besides XRP
- The use of fiat currencies is not allowed
|
Electrum user rating is 3.6, based on 11 user reviews. Toast Wallet user rating is 3.5, based on 17 user reviews.
We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.
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Electrum vs Toast Wallet - Which Wallet Is Better in 2025?
This Electrum vs Toast 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 3.6 with 11 user reviews, while Toast Wallet is rated 3.5 with 17 user reviews.
Let's finally move to overall Trust Score:
