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Electrum can be used for Windows, Mac and Linux, as well as Android. Electrums was originally created in 2011 compared to other software wallets, and one of the biggest advantages is that its server indexes the blockchain instead of downloading the entire Bitcoin blockchain, which makes downloads faster and less downloadable. Electrum also provides many protections for your Bitcoin, including cold storage, allowing you to store Bitcoin offline, and restoring the "seeds" of Bitcoin in the event of a failure (hackers, computer corruption, etc.)

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In December 2018, Slow Fog first discovered and alerted an attacker to a messaging flaw using the Electrum wallet client, forcing an "update prompt" to pop up during a user's currency transfer operation, inducing users to update and download malware to carry out a currency theft attack. Although electrum officials said in early 2019 that some security mechanisms would be put in place to prevent this "update phishing", many users of Electrum are still in the old version (less than 3.3.4) and the old version is still under threat. However, we do not rule out a similar threat to the new version.

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Bitcoin desktop wallet client Electrum has released a 4.0 beta version, adding several important updates, including support for the Lightning network, nearly a year after the previous version of Electrum, 3.3.8 (last July). In the 4.0 beta version, Electrum mainly added features such as PSBT (partially signed Bitcoin transactions), Lightning Network, watchtowers (暸 watchtowers) and Submarineswaps (subliminal switching). (Github.