In this guide we’ll explain how to install and use the bitcoin wallet called Electrum. It is a frequently used wallet, much like the Jaxx wallet which we explain in our other wallet guide. This Electrum wallet guide is based on Electrum 3.1.0, and this specific version is only applicable to bitcoin, though there are many versions of Electrum made for many other coins.
The safest way of storing Bitcoin (for the long term) is most likely by making a paper wallet. A paper wallet means you create an address on a blockchain and print the private key. This private key can be used at any time to import into a wallet, and for the sake of safekeeping, this key will be written down/printed to then be stored on a safe location. For this example, we will create a paper wallet for a Bitcoin address, but the same principle applies to every blockchain.
How to install and secure a bitcoin wallet? There are different wallets for different cyptocurrency, some of which are user friendly, but a lot them (sadly enough) are not. In this guide we’ll show how to installe the Jaxx wallet and how to use it. The Jaxx wallet is a commonly used Bitcoin- and Ethereum-wallet because it is user friendly and supports many cryptocurrencies. All your coins in one place!