Company | ||
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User rating | 11 user review | 17 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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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.
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2011 | 2017 |
International | New Zealand |
English | English |
Software wallet | Software wallet |
Cold wallet | Hot wallet |
Available | Available |
1 - Bitcoin (BTC) | 1 - Ripple (XRP) |
No data | Personal |
No data | Low |
No data | Easy |
No data | no |
No data | No data |
No data | No data |
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.
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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.
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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 |
electrum.org | toastwallet.com |
@ElectrumWallet | @ToastWallet |
Website | Website electrum.org | Website toastwallet.com |
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Twitter @ElectrumWallet | Twitter @ToastWallet |
- 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 |
- 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 |
User rating | User rating 11 user review | User rating 17 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 - 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.
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 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: