Despite security breaches in the past, Electrum is considered one of the safest ways to store your Bitcoin. 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.
Is Electrum better than Coinbase?
By comparing Coinbase vs Electrum overall scores, we clearly see that Coinbase has the higher overall score of 9.1. Electrum, on the other hand, has scored 8.2 final points.
Should I use Electrum?
To sum up, Electrum is the best BTC wallet for users who are looking for security and convenience. It is the safest cryptocurrency wallet that is trusted among users and the crypto industry. Also, it offers several interesting features, and the user interface is simple.