Torgeek
Furthermore, Electrum allows users to transact Bitcoin without revealing their identity. It's a no-KYC (Know Your Customer) wallet that can be used to buy Bitcoin anonymously.
Can Electrum wallets be traced?
Yes. The Blockchain ledger is public. But digital wallet identifications are pseudonymous. If you know the pseudonym, you can track the activity.
Is Electrum wallet private?
Electrum uses highly secure encryption methods to secure the private keys of its users' wallets. The seed used to generate private keys to Electrum wallets is highly secure, as well. Electrum never holds on to your private keys, so they can't be stolen from Electrum.
Does Electrum require ID?
No identification information is required to download and create an Electrum wallet. The user's wallet and private keys are stored solely on their computer or mobile device, they are never stored or shared with any third parties or Electrum servers.
