Quote from: Cruxleo on Today at 03:21:00 PM

Thank you all for your advise and suggestions so far. I opted to use electrum wallet, has selected "standard wallet" on the set up and it asks if I want "segwit" or "legacy". I want to know the difference between the two as it's not well elaborated therein.

Without any doubt, without going too much into technical details, choose a SegWit address - let's say that you will be able to save on fees for all future outgoing transactions. If you ever need a legacy address for some reason, you will simply create a new wallet within Electrum and name it Legacy wallet.

Read more in this thread -> Legacy vs segwit