Electrum For Mac

If you don’t want to rely on cryptocurrency exchange platforms for storing and transferring coins, you’ll need to create a local wallet, and for that, you’ll need a dedicated app. Unfortunately, getting started with a crypto wallet can be challenging if you’ve never used one before.

Electrum is designed to provide an open-source, lightweight solution for users who want to store and transfer Bitcoin without relying on an exchange platform. It features a straightforward user interface and even guides you through the process of setting up your wallet.

The installation wizard lets you choose how the app should connect to servers, select the type of wallet to use, and create a new seed or restore a wallet. Once you’ve gone through all these steps, you’ll have a Bitcoin wallet ready to use.

Electrum is fast, since it connects to servers that index the Bitcoin blockchain. It always maintains connections to at least ten of these servers and verifies the information reported by them. You can check the nodes you are connected to at any given time, and you can even set up your own server if you prefer.