Company | ||
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User rating | 11 user review | 29 user review |
Cryptogeek rating | ||
Trust Score How it works |
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.
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2011 | 2013 |
International | United Kingdom |
English | English |
Software wallet | Software wallet |
Cold wallet | Cold wallet |
Available | Not available |
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) |
No data | Third Party Encrypted |
No data | Low |
No data | Average |
No data | no |
No data | yes |
No data | yes |
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.
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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.
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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 |
electrum.org | spectrocoin.com |
@ElectrumWallet | @spectrocoin |
Website | Website electrum.org | Website spectrocoin.com |
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Twitter @ElectrumWallet | Twitter @spectrocoin |
- 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 |
- Only 5 cryptocurrencies supported - No obvious customer support | - Relatively high fees - Too few info about the security measures |
User rating | User rating 11 user review | User rating 29 user review |
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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 - 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 3.6, based on 11 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.
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? |
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 3.6 with 11 user reviews, while SpectroCoin is rated 2.8 with 29 user reviews.
Let's finally move to overall Trust Score: