Electrum vs Proton Wallet
Electrum has the higher grade on both axes: Safety 8.5 against 6.9, and Privacy 8.6 against 6.4.
Electrum
Long-established open-source Bitcoin wallet with Lightning support
Privacy
8.6/ 10
Excellent
Safety
8.5/ 10
Excellent
ID never required KYC 0 Docs reviewed Full review →
Proton Wallet
Open-source self-custodial Bitcoin wallet tied to a Proton account, from Swiss Proton Financial AG
Privacy
6.4/ 10
Fair
Safety
6.9/ 10
Fair
No ID mentioned KYC 1 Docs reviewed Full review →
Side by side
| Electrum | Proton Wallet | |
|---|---|---|
| Category | Wallets | Wallets |
| KYC policy | ID never required | No ID mentioned |
| Custody | Non Custodial | Non Custodial |
| Sign-up | No account needed | Email required |
| Open source | Yes | Yes |
| Tor onion address | No | No |
| Coins | BTC | BTC |
| Pay with | Not published | Crypto, Card, Bank transfer |
| Founded | 2011 | Not published |
| Jurisdiction | Germany | Switzerland |
| Not available in | Not published | Territories under comprehensive sanctions, including Iran, North Korea, Cuba, Syria and certain Ukrainian regions |
| Incidents on record | 0 | 0 |
| Published tests (180 days) | 0 | 0 |
Only Electrum
No registrationNo email neededNo phone neededAccepts Lightning5+ years operating
Both
Open sourceNon-custodialLegal entity disclosed
Only Proton Wallet
Third-party liquidity
Where they sit among wallets
Questions
Is Electrum or Proton Wallet safer?
Electrum has the higher Safety grade: Electrum 8.5, Proton Wallet 6.9, out of 10.
Does Electrum or Proton Wallet require KYC?
Electrum is KYC level 0 (ID never required). Proton Wallet is KYC level 1 (no ID mentioned).
Which has more incidents on record?
Electrum has 0 and Proton Wallet has 0 documented incidents in the registry.