How to Download and Set Up Electrum Wallet

plvbob0070

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What is Electrum?
Electrum is a desktop bitcoin wallet that is compatible with multiple operating platforms, such as Windows, Mac, and Linux. It was developed by a German computer scientist and designed to be lightweight and efficient.

Step 1: The first thing to do is to go to the Electrum website. Here is the link: https://electrum.org/#home

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Step 2: Click the "Download".
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Step 3: Choose where do you want to download it.
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Step 4: Then, wait until it gets downloaded.



Here's the step on how you will set up an Electrum wallet.

Step 1: Create a new wallet.

You should see 4 options:
Standard wallet​
Wallet with two-factor authentication​
Multi-signature wallet​
Import Bitcoin addresses or private keys​


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Step 2: Click the Standard Wallet (You can choose an option that you want but I will only see how to set up a standard wallet).
You should see 4 options:

  • Create a new seed
  • I already have a seed (if you already have an account and you just need to input the seed)
  • Use a master key
  • Use a hardware device
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Step 3: Choose the seed type that you want. (I'm gonna choose the segwit)
You should see 2 option:

  • Segwit
  • Legacy
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Step 4: Copy and Save the Seeds. Take note: Make a back up for it and do not share it with anyone.

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Step 5: Confirm the Seed.

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Step 6: Make a strong password. Take note: Make a back up for it and do not share it with anyone.

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Step 7: You are now done on creating Electrum Wallet.
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Source:
https://cryptoversal.com/wallets/electrum

Useful Link:

https://bitcointalk.org/index.php?topic=3456040.0
https://electrum.org/#download
 
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