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What is Wallet of Satoshi?

The Wallet of Satoshi is a mobile app designed for both iOS and Android that simplifies the process of sending and receiving Lightning payments. This custodial wallet eliminates the need for complicated setups, making it an intuitive choice for users seeking a seamless experience. You can quickly download the app from walletofsatoshi.com, and after installation, you'll easily connect to the Lightning Network. The Lightning Network itself is an open-source payment protocol established on Bitcoin, designed to enable rapid and cost-effective transactions that greatly exceed the speed of traditional Bitcoin payments while offering enhanced security. This platform caters to daily transactions, ensuring that payments are not only quick and economical but also trustworthy. Moreover, it allows for micro-payments, which enables users to send tiny amounts of currency, sometimes as little as one ten-thousandth of a cent, thus creating new avenues for financial transactions. With its innovative features, the Wallet of Satoshi is transforming our approach to digital transactions, paving the way for a more efficient financial future. As it continues to evolve, the app may introduce even more functionalities that further enhance the user experience.

What is Electrum?

Since its inception in 2011, Electrum has emerged as a prominent Bitcoin wallet recognized for its rapid performance, robust security measures, and ease of use, appealing to a wide array of users. To enhance protection against malware, it provides two-factor authentication via Trustedcoin, thereby bolstering transaction security. Furthermore, being open-source software distributed under the MIT License, Electrum allows anyone to set up their own server, fostering a decentralized ecosystem that operates without a central authority. The wallet supports multiple hardware wallets, such as Ledger, Trezor, and KeepKey, ensuring that private keys are securely stored and encrypted on the user's device. In the unfortunate event of loss, users can conveniently recover their funds using a secret recovery phrase, providing peace of mind. Electrum's high efficiency is largely due to its servers that index the Bitcoin blockchain, facilitating quick transactions. Additionally, users can export their private keys for compatibility with other Bitcoin clients, while the decentralized nature of Electrum servers ensures continuous wallet accessibility. The Electrum Wallet also employs Simplified Payment Verification (SPV) to authenticate all transactions in the user's history, while offering options to keep private keys offline and use a watching-only wallet for enhanced security. Overall, Electrum blends powerful features with an intuitive design, making it an excellent option for Bitcoin enthusiasts seeking reliability and security in their digital transactions. With its commitment to user satisfaction, Electrum continues to evolve and adapt to the ever-changing landscape of cryptocurrency.

Media

Media

Integrations Supported

Bitcoin
Lightning Network
Bitamp
COLDCARD
Cointelli
Divly
Keystone Wallet
Koinly
Lydia Finance
Sparrow Wallet
Walletify
ZenLedger

Integrations Supported

Bitcoin
Lightning Network
Bitamp
COLDCARD
Cointelli
Divly
Keystone Wallet
Koinly
Lydia Finance
Sparrow Wallet
Walletify
ZenLedger

API Availability

Has API

API Availability

Has API

Pricing Information

Free
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Wallet of Satoshi

Company Website

www.walletofsatoshi.com

Company Facts

Organization Name

Electrum

Date Founded

2011

Company Website

electrum.org

Categories and Features

Categories and Features

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