In this guide, we'll take you through everything you need to know about the Electrum Wallet, from installation to advanced tips for using it effectively. What is the Electrum Wallet? The Electrum • Proof Checking: Electrum Wallet verifies all the transactions in your history using SPV. • Cold Storage: Keep your private keys offline and go online with a watching-only wallet. Electrum is an easy to use Bitcoin client. It protects you from losing coins in a backup mistake or computer failure, because your wallet can be recovered from a secret phrase that you can Proof Checking: Electrum Wallet verifies all the transactions in your history using SPV. • Cold Storage: Keep your private keys offline and go online with a watching-only wallet.