Post
Topic
Board Bitcoin Discussion
Re: is electrum safe?
by
Mate2237
on 28/11/2023, 18:09:54 UTC
I am 19 years old man living in South Korea.
I want to invest in bitcoin for rest of my life, and I have 0.002 btc now. I want to keep it safe forever.
Someone told me that exchange is not safe because exchange can be hacked by hackers.
I am using software wallet called 'electrum'. I downloaded it from the official website 'electrum.org'
Is this safe wallet?
Sorry, I am not fluent in english. Please understand me.


Your age is not matter here and your English is okay. And Electrum wallet is one of the best wallet to save bitcoin in the bitcoin network, and since you want to keep it for a long period of time use Electrum wallet. But the disadvantage is that when the blockchain is congested, the transaction fee is very high and many people can pay that high fee to transfer just a token of bitcoin.

I am using Electrum for business (partial trading) and also for investment but these because of the transaction fee I am not making transactions to avoid huge loss.