Electrum is a software wallet which only stores Bitcoin and Bitcoin forks. It doesn’t support any other cryptocurrency. The biggest advantage of an Electrum wallet is that users don’t need to download the whole blockchain and it gets the blockchain information from a server. This means there are no delays and it’s always up-to-date.
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Each investor must do his/her own research or seek independent advice if necessary before initiating any transactions in crypto products and NFTs.
