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Electrum vs ShapeShift

How Electrum vs ShapeShift compare on our ratings, wallet specs, funding, pros and cons.

Electrum3.5/5
VS
ShapeShift4.2/5
Feature
ElectrumVisit
ShapeShiftVisit
Ratings
Our score3.5/54.2/5
User ratingNo reviews yetNo reviews yet
Security4.54.0
Ease of use3.54.0
Chain support1.54.5
Features3.54.0
Privacy4.04.5
Specs
KYC required No No
Wallet typeDesktop, MobileMobile, Web
CustodySelf-custodialSelf-custodial
ChainsBitcoinEthereum, Bitcoin, Solana, BNB Chain, Arbitrum, Base, Polygon, Avalanche, Tron, Cosmos, Other
PlatformsWindows, macOS, Linux, AndroidiOS, Android
Open source Yes Yes
Hardware wallet support Yes Yes
In-app swapsNot disclosed Yes
Staking No Yes
NFT support NoNot disclosed
Buy crypto in app No Yes
WalletConnectNot disclosed Yes
Security featuresSPV transaction verification, Multisignature wallets, Two-factor authentication, Watch-only wallets, Cold storage, Offline signing, Reproducible builds, GPG-signed releasesNot disclosed
Recovery without a seed phrase NoNot disclosed
Passkey login NoNot disclosed
Multisig YesNot disclosed
Built-in dApp browser NoNot disclosed
Swap feeNot disclosed0%
Perpetuals trading NoNot disclosed
Company
Founded20112014
HeadquartersGermanySwitzerland
InvestorsNot disclosedEarlybird Venture Capital, Access Venture Partners, Blockchain Capital, Lakestar +3
Strengths and weaknesses
Pros
  • Self-custodial Bitcoin wallet with encrypted keys
  • Open-source MIT-licensed software
  • Supports hardware wallets and multisig
  • Available on Windows, macOS, Linux and Android
  • Zero platform commission fees charged on decentralized trades
  • No identity verification or KYC required to swap or store funds
  • Covers more than 10,000 assets across 48 native blockchains
  • Direct hardware wallet connectivity for Ledger and Tangem devices
Cons
  • Supports Bitcoin only, not Ethereum or tokens
  • No official iOS version is listed
  • Seed-phrase loss can permanently remove access
  • Phishing and malicious downloads can expose funds
  • Third-party routing protocols and automated market makers impose variable swap fees and spreads
  • Cross-chain execution risks depend entirely on third-party bridge and DEX contract security
  • Users bear total responsibility for managing unassisted seed-phrase recovery
  • Trustpilot average rating stood at 3.0 out of 5 in March 2026
Best forBitcoin self-custody, Hardware-wallet users, Multisig Bitcoin setupsKYC-free cross-chain asset swaps, Multichain DeFi asset management, Hardware wallet integration users

Highlighted cells show the stronger value in each row. Data comes from each provider's site and public sources; check details before you sign up.