yeah dear i can explain it very well as dear i said its best for the beginners there is 24/7 support for any queries and also there is a builtin exchange for them. Also dear one more thing i want to add is Exodus is supports 240+ assets and Electrum is a primarily Bitcoin wallet for alts im not sure about it. No doubt Electrum is on top of Hot wallets but i made point there for beginners so consider it.
Electrum is primarily for Bitcoin, but there's many altcoins currently support, you can read below. There's few alts currently can be accessed, it seems they're stop supporting those alts e.g. DASH and DOGE due to internal problem of the one who created. There's a discussion where it might be re-run by someone, but it will increase the risk since it's possible he add malicious code.
Hot wallet aka custodial wallet aka exchanges are completely different with non custodial wallet since you not get the private key. Electrum is non custodial wallet since you're get the private key.
Various chains
chains count(chain)
bcd 1
bch 39
btc 159
btg 4
cesc 2
cgr 2
cpc 4
crp 8
crw 1
dash 6
dgb 6
doge 6
firo 8
grs 115
iq 1
kmd 6
lbc 2
liquid 3
ltc 15
lynx 5
mona 15
nmc 4
ppc 2
rtm 7
rvn 10
sbtc 1
sgrs 1
tbch 6
tbtc 17
tgrs 6
tltc 4
tmona 4
vrsc 6