Exodus wallet and criptointercambio.com = SCAM!

nutildah

legendary

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Quote from: dkbit98 on November 29, 2024, 02:00:40 PM

Quote from: nutildah on November 28, 2024, 08:02:58 PM

Nobody has ever lost a single coin using Exodus (the backend exchange is another story).

How do you know that?
This wallet is closed source code and you can prove anything.
I would also argue that if they are integrating a bunch of centralized exchanges that are proven to freeze coins of their customers, than exodus is also responsible for this.
I am not saying they are scam, but most people don't understand how this third party exchanges in exodus actually work.

Because its an extremely trustworthy, dependable wallet. They have proven themselves to be trustworthy over the last decade. Yes, the exchanges in the backend may be another story, but I've used them several times and never had a problem. The main reasons being:

1) I select the exchanger I want to use
2) I keep the amounts small, and
3) I only use them when no other option is available, or I'm too lazy to move coins to an exchange.

Every single aspect of using cryptocurrency requires some trust, whether it be trust in the honesty of the developers, honesty of 3rd parties, or trust that the code does what its supposed to do.

robelneo

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Enjoy 500% bonus + 70 FS

Exodus should take down their external exchange if they don't want their reputation ruined, because even if they have a disclaimer, the fact that it happened on their platform and they are recommending the exchange, we have seen this happen many times, and this should be a big concern for them. The user is unfamiliar with how their third-party exchange works, and they get their funds frozen, so they will think that Exodus is partly to blame on this.
Its their choice between profit or reputation; anyway, their being closed source makes it not the choice of the community.

dkbit98

legendary

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Quote from: nutildah on November 28, 2024, 08:02:58 PM

Nobody has ever lost a single coin using Exodus (the backend exchange is another story).

How do you know that?
This wallet is closed source code and you can prove anything.
I would also argue that if they are integrating a bunch of centralized exchanges that are proven to freeze coins of their customers, than exodus is also responsible for this.
I am not saying they are scam, but most people don't understand how this third party exchanges in exodus actually work.

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: dkbit98 on November 28, 2024, 12:49:57 PM

Don't use closed source Exodus wallet for anything,

Nobody has ever lost a single coin using Exodus (the backend exchange is another story).

Xaolongbao

newbie

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Merit: 0

They are working together on this. Its via their platform. And many people have been complaining about this.

dkbit98

legendary

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Merit: 7064

Quote from: ? on November 24, 2024, 08:12:24 PM

Could you suggest a solution? Note to use exodus? Who is better? Or to use different exchange providers?

Don't use closed source Exodus wallet for anything, especially not for exchanging coins.
There are plenty of good alternatives like eXch for quick swaps, and decentralized exchange Bisq is also great.
Alternative multi-coin wallets are Cake wallet, Stack wallet, Unstoppable wallet, or hardware wallets like Trezor.

Quote from: Xaolongbao on November 28, 2024, 02:59:55 AM

Same thing happened to me !!! They are holding 42k usd in btc for 4 months now !!! Scammers !!!

https://bitcointalksearch.org/topic/exodus-and-crypto-intercambio-have-stolen-30k-from-me-3-months-ago-5516958

Sorry about that, but I explained before that Exodus is not holding anything.
You agreed to their terms and accepted using their third party partner exchanges.

aioc

hero member

Activity: 3136

Merit: 579

Quote from: Xaolongbao on November 28, 2024, 02:59:55 AM

Same thing happened to me !!! They are holding 42k usd in btc for 4 months now !!! Scammers !!!

https://bitcointalksearch.org/topic/exodus-and-crypto-intercambio-have-stolen-30k-from-me-3-months-ago-5516958

I'm glad that I transferred out my funds and deleted this wallet the first I read about this issue. its not an isolated issue; there are more users experiencing the same; they are close sources; there's a possibility that they have access to our private keys, and they do not take responsibility for the action of their chosen exchange when the scam happened on their platform.
Better leave Exodus wallet before it becomes too late for you.

Xaolongbao

newbie

Activity: 0

Merit: 0

Same thing happened to me !!! They are holding 42k usd in btc for 4 months now !!! Scammers !!!

https://bitcointalksearch.org/topic/exodus-and-crypto-intercambio-have-stolen-30k-from-me-3-months-ago-5516958

?

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Much appreciated!

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: ? on November 25, 2024, 06:38:51 AM

The .cx domain looks a bit concerning. Also, the company is located in Belize. A good recent example is FTX, which was located, I believe, in the Bahamas. How much would you trust them? Let's say $7000 instead of $700. It appears some people trade quite a lot of money. What does it do, multiple trades? I visited some forums and saw that people mentioned numbers like hundreds of thousands, even millions of dollars. What exchanges do they use?

Thanks

They are their own exchange (swap) service. It appears they exchange amounts much greater than $7k all the time. Wouldn't hurt asking them for more info directly in their own thread, as I don't want to say anything that isn't true, and they can expand on it better:

https://bitcointalksearch.org/topic/exch-instant-exchange-btc-ln-xmr-ltc-eth-erc20-577207

?

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Merit: -

The .cx domain looks a bit concerning. Also, the company is located in Belize. A good recent example is FTX, which was located, I believe, in the Bahamas. How much would you trust them? Let's say $7000 instead of $700. It appears some people trade quite a lot of money. What does it do, multiple trades? I visited some forums and saw that people mentioned numbers like hundreds of thousands, even millions of dollars. What exchanges do they use?

Thanks

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: ? on November 24, 2024, 10:01:29 PM

What about larger amounts? What would be a better choice for the wallet and exchange?

Its not a wallet but as was suggested earlier in this thread, eXch is a good exchanger:

https://exch.cx/

I trust them, have never had any problems with them. You can still use Exodus to send & receive funds to/from the exchanger.

?

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What about larger amounts? What would be a better choice for the wallet and exchange?

nutildah

legendary

Activity: 3010

Merit: 8114

Quote from: ? on November 24, 2024, 08:12:24 PM

A question from a total newbie,

Could you suggest a solution? Note to use exodus? Who is better? Or to use different exchange providers?

your help is much appreciated.

You can select the provider you want in the Exodus settings. Another tip is to keep your amounts being exchanged small, like under $700. In the case of XMR, probably under $400. If you're in the US, I would also use a VPN and change it to Hong Kong or something.

?

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Merit: -

A question from a total newbie,

Could you suggest a solution? Note to use exodus? Who is better? Or to use different exchange providers?

your help is much appreciated.

Rikafip

legendary

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Merit: 5937

Quote from: ? on November 19, 2024, 02:23:31 AM

They require video verification. A statement of payment documents. My passport and account information.
But I don't need them! I don't need that kind of exchange. I just asked them to return my ETH and cancel the exchange.

Well, obviously you need if you want to get your money back. At least you learned your lesson with not crazy high amount of money.

Quote from: Aanuoluwatofunmi on November 19, 2024, 02:44:05 PM

Any wallet which is a close source wallet may not be completely safe for us, even if they are non custodial, it has to be an open source wallet

Even open source wallet can be risky to use, if not properly checked by those with sufficient knowledge on the matter to check the code. For example, I (and many many more) don't posses such knowldege and have to trust that others checked it thoroughly and that its safe to use.

By the way, not saying that people shouldn't prefer open source wallets over closed source ones, but you have to be careful either way.

Zwei

hero member

Activity: 510

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Too Little, Too Late.

Quote from: ? on November 19, 2024, 02:23:31 AM

They require video verification. A statement of payment documents. My passport and account information.
But I don't need them! I don't need that kind of exchange. I just asked them to return my ETH and cancel the exchange.

They said they will not return anything and will keep my money.
Exodus support will not help you in any way. They started to ignore the problem.

This is a very dangerous wallet. If you have a chance give it up

exodus is fine as a wallet for small amounts (although i'd not recommend it), the only dangerous thing about it is the swap feature since they use shity third part exchngaes (because they pay them the most) that are know for scamming.
if you had done a bit or reaserch, you would have known not to use their swap feature, i guess you had to learn this the hard way, sorry for your loss @Fedyanov

dkbit98

legendary

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Quote from: _act_ on November 18, 2024, 03:50:56 PM

You said they are close source, how can we know that they are not having their users seed phrases?

We don't know, but this is not the issue in this case, and nobody that I know reported stolen seed phrases by using Exodus wallet.
There is a chance OP would get the same issue even without exodus wallet, if same partner exchange was used.
Closed source should be avoided for different reasons.

Quote from: ? on November 19, 2024, 02:23:31 AM

They require video verification. A statement of payment documents. My passport and account information.
But I don't need them! I don't need that kind of exchange. I just asked them to return my ETH and cancel the exchange.

Many centralized exchanges can ask the same thing when you use them directly.
Only eXch is never asking for anything like that from their customers, or you can use decentralized exchanges instead.

Aanuoluwatofunmi

sr. member

Activity: 840

Merit: 437

Quote from: ? on November 18, 2024, 02:20:20 PM

They refuse to refund the money. They impose conditions impossible to verify.
Be careful, this is a scam project from Exodus
Your money can be stolen in any exchange. They also have access to your secret phrases.

Any wallet which is a close source wallet may not be completely safe for us, even if they are non custodial, it has to be an open source wallet, in this regard, exodus is best described as a newbies category kind of wallet, they can make its use and also afford to only deposit little amount of money on them, but if you're complaining on the difficulty in the requirements they are making demand's for under verification, then this has much to do with kyc and the likes, which will still bring us back the where i started from, why making use of a close source wallet.

?

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They require video verification. A statement of payment documents. My passport and account information.
But I don't need them! I don't need that kind of exchange. I just asked them to return my ETH and cancel the exchange.

They said they will not return anything and will keep my money.
Exodus support will not help you in any way. They started to ignore the problem.

This is a very dangerous wallet. If you have a chance give it up

Topic: Exodus wallet and criptointercambio.com = SCAM! (Read 317 times)