The Electrum Crypto wallet for CentOS 7 has currently been the best wallet, having the most reliable and cutting-edge features, such as being secure, redundant, free, and decentralized.
Electrum has an instant start-up time due to its stability and collaboration with high-performance servers in the crypto environment.
In this tutorial, you’ll learn how to install Electrum Crypto Wallet on CentOS 7. Therefore, let’s hit the ground running.
Step 1 - Update the package repositories
sudo yum update -y && sudo yum upgrade -y
Step 2 - Install the necessary dependencies
sudo yum install python3-pyqt5 libsecp256k1-dev python3-cryptography
sudo yum install yum-utils
Step 3 - Install the Electrum Crypto wallet
We’ll use the wget command to get the most recent version of the Electrum wallet from the official website. To find out what version is available, head over to the official download page. In our case, it is version 4.5.4, so this will be reflected in the following command:
wget https://download.electrum.org/4.5.4/Electrum-4.5.4.tar.gz
Step 4 - Verify the GPG signature of the download
Verifying the GPG signature helps confirm if we have indeed downloaded the correct file. We’ll start by importing the Thomas V public key. This is the developer who signs the download.
wget https://raw.githubusercontent.com/spesmilo/electrum/master/pubkeys/ThomasV.asc
gpg --import ThomasV.asc
Step 5 - Generate your own private key
If you do not already have a private key, create one now:
sudo gpg --gen-key
Now, sign the public key we downloaded with the private key you created:
sudo gpg --sign-key ThomasV
Next, download the key file and verify the signature with the following commands:
sudo wget https://download.electrum.org/4.5.4/Electrum-4.5.4.tar.gz.asc
When you run the following command, you should receive the following output to confirm that you have indeed verified the GP signature of the download:
sudo gpg --verify Electrum-4.5.4.tar.gz.asc
Step 6- Other installation options
If you want to run the download without installing the application, you can use the tar command to extract the compressed file and then launch it with Python, as shown below:
sudo tar -xvf Electrum-4.5.4.tar.gz
sudo python3 Electrum-4.5.4/run_electrum
If you want to install the application on your system so that you can access it in the application menu, use the following commands to install the dependency packages and install the Electrum Bitcoin wallet:
sudo yum install python3-setuptools python3-pip
python3 -m pip install --user Electrum-4.5.4.tar.gz
If you don’t want to get your hands dirty with the installation, you can simply use the Snap package manager to install the Electrum Bitcoin wallet:
sudo snap install electrum
Step 7- Launch the Electrum Crypto Wallet
The Electrum wallet can be accessed now via the application launcher on your CentOS 7 system or by running the following command, which will take you through the steps to set up your Bitcoin wallet during the initial installation.
Conclusion
That’s it. These are some ways in which Electrum Crypto Wallet can be installed on CentOS 7. Electrum places a strong emphasis on user privacy and also proves to be incredibly accessible, with clients that cater to a variety of systems. You can go ahead and start setting up your Bitcoin wallet with Electrum.
