---
description: Review of Electrum Software: system overview, features, price and cost information. Get free demos and compare to similar programs.
image: https://gdm-localsites-assets-gfprod.imgix.net/images/software_advice/og_logo-55146305bbe7b450bea05c18e9be9c9a.png
title: Electrum | Reviews, Pricing & Demos - SoftwareAdvice AU
---

Breadcrumb: [Home](/) > [Payment Processing Software](/directory/4526/online-payment/software) > [Electrum](/software/209938/electrum)

# Electrum

Canonical: https://www.softwareadvice.com.au/software/209938/electrum

> Electrum is a bitcoin wallet that helps businesses process cryptocurrencies across websites. It enables merchants to verify online transactions, accept payments and secure data from malware or virus attacks through two-factor authentication (2FA) capability.

It lets businesses securely store private keys, define custom phrases to recover funds and verify historical transactions using the SPV technique. Features of Electrum include data encryption, offline access, invoice processing, and transaction monitoring.

Electrum supports integration with various third-party hardware wallet systems such as Ledger, Trezor, Keepkey and more. The platform is available to users for free and support is extended via FAQs, documentation and other online measures.
> 
> Verdict: Rated **4.8/5** by 4 users. Top-rated for **Likelihood to recommend**.

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## Quick Stats & Ratings

| Metric | Rating | Detail |
| **Overall** | **4.8/5** | 4 Reviews |
| Ease of Use | 3.8/5 | Based on overall reviews |
| Customer Support | 4.3/5 | Based on overall reviews |
| Value for Money | 5.0/5 | Based on overall reviews |
| Features | 4.5/5 | Based on overall reviews |
| Recommendation percentage | 80% | (8/10 Likelihood to recommend) |

## About the vendor

- **Company**: Electrum
- **Founded**: 2014

## Commercial Context

- **Pricing model**:  (Free version available)
- **Pricing Details**: Electrum is available to users for free.
- **Target Audience**: Self Employed, 2–10, 11–50, 51–200
- **Deployment & Platforms**: Cloud, SaaS, Web-based, Mac (Desktop), Windows (Desktop), Linux (Desktop)
- **Supported Languages**: English
- **Available Countries**: United States

## Features

- Backup and Recovery
- Billing & Invoicing
- Cryptocurrency Exchange
- Cryptocurrency Processing
- Cryptocurrency Sending & Receiving
- Cryptocurrency Storage
- Data Import/Export
- Data Security
- Desktop Wallets
- Real-Time Reporting
- Transaction History
- Transaction Monitoring

## Support Options

- FAQs/Forum
- Knowledge Base

## Category

- [Payment Processing Software](https://www.softwareadvice.com.au/directory/4526/online-payment/software)

## Related Categories

- [Payment Processing Software](https://www.softwareadvice.com.au/directory/4526/online-payment/software)
- [Cryptocurrency Wallet Software](https://www.softwareadvice.com.au/directory/4453/cryptocurrency-wallets/software)

## Alternatives

1. [PayPal](https://www.softwareadvice.com.au/software/104664/paypal) — 4.6/5 (26302 reviews)
2. [Venmo](https://www.softwareadvice.com.au/software/317580/venmo) — 4.7/5 (9271 reviews)
3. [Stripe](https://www.softwareadvice.com.au/software/49509/stripe) — 4.6/5 (3309 reviews)
4. [Square Payments](https://www.softwareadvice.com.au/software/374157/square-payments) — 4.7/5 (2672 reviews)
5. [Square Point of Sale](https://www.softwareadvice.com.au/software/374161/square-register-pos) — 4.6/5 (3022 reviews)

## Reviews

### "One of the best Bitcoin wallet for last 10 years." — 5.0/5

> **MD Abu** | *9 June 2022* | Education Management | Recommendation rating: 9.0/10
> 
> **Pros**: Electrum is an excellent Bitcoin-only wallet. It is safe, fast \& free to use. It is great for any company as it's open-source software.
> 
> **Cons**: Electrum needs a lot more enhancements The software only supports Bitcoin. The UI is very complicated for beginners. CRM needs more development.
> 
> Overall, I love this software as a Bitcoin wallet. It is fast \& can be modified as per our need. It will be great if it adds an Ethereum wallet to it.

-----

### "Jean walllet" — 5.0/5

> **Verified Reviewer** | *15 January 2023* | Venture Capital & Private Equity | Recommendation rating: 10.0/10
> 
> **Pros**: L'équipe de cette application sont non seulement efficaces pour la prises en charge des demandes mais leur unique méthode de sécurité et de confiance.
> 
> **Cons**: Les options un peu plus complexes dans la compréhension pour mener plus de manipulation en restant dans le logiciel
> 
> Ce logiciel m'aide à stoker mes actifs sans crainte et ce de part sa technique de cryptage qui parvient à gérer les clés privées.

-----

### "Electrum, a multi-platform crypto wallet" — 4.0/5

> **ERIC** | *22 February 2024* | Information Services | Recommendation rating: 7.0/10
> 
> **Pros**: Free, easy to install, available for many platforms (PC, Mac, Android, iOS).

The User Interface is not very fancy or eye candy, but it's enough and easy understandable, even for beginners.
> 
> **Cons**: a HUGE ONE : Electrum doesn't use standard BIP39 seed generation. 

It means:
1) if you lost your device, you will have to re-install Electrum (and only Electrum) to recover your tokens with your recovery phrase,
2) you cannot recover your wallet on different devices/software (Ledger, Trezor...) using your recovery phrase

-----

### "most secure cryptowallet I know" — 5.0/5

> **Britt** | *6 January 2023* | Translation & Localization | Recommendation rating: 7.0/10
> 
> **Pros**: Electrum really gives me the feeling that my crypto coins are safe. For me personally, the whole recovery seed process has quite something mysterious, and I'm pretty sure no one can get to my wallet.
> 
> **Cons**: On the other hand, it wasn't immediately easy to set up the account and figure out how to create different wallets and distribute my coins among them, that took quite a bit of time and effort. The customer service was helpful in guiding me there, but I probably wouldn't have managed it myself.
> 
> For me, of all the cryptocurrency platforms, Electrum is definitely the one I feel most secure with and will definitely recommend. In my opinion it can certainly be a bit more complicated if it guarantees security.

## Links

- [View on SoftwareAdvice](https://www.softwareadvice.com.au/software/209938/electrum)

## This page is available in the following languages

| Locale | URL |
| en | <https://www.softwareadvice.com/online-payment/electrum-profile/> |
| en-AU | <https://www.softwareadvice.com.au/software/209938/electrum> |
| en-GB | <https://www.softwareadvice.co.uk/software/209938/electrum> |
| en-IE | <https://www.softwareadvice.ie/software/209938/electrum> |
| en-NZ | <https://www.softwareadvice.co.nz/software/209938/electrum> |

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