Exodus Wallet Question | Bitcointalksearch.org

darkdude

jr. member

Activity: 113

Merit: 1

Quote from: FP91G on March 16, 2021, 12:02:08 PM

For long-term storage, it's best to use full node wallets. For bitcoin, this is Bitcoin core, for ripple, find an official wallet too.
With this approach, your coins will be 100% safe.
Only it is probably worth using a separate computer for these purposes.

Thank you everyone....

Say for eth, what full node wallet is there. I tried searching for the "native" full node client but was not too lucky. Any chance you can point me in the right direction?

Edsemen

full member

Activity: 413

Merit: 100

Quote from: darkdude on March 15, 2021, 12:38:44 PM

If I end up using Exodus wallet to manage BTC and XRP, but one day, Exodus decides to get out of the business and shutdown, will their wallet still work? From what I can tell their wallet seems to be a hybrid personal wallet but requires you to be online to function. Is the need to function driven due to the need to sync with the blockchain and if yes, does it sync with nodes on the network or does it need to sync with its master node that it manages that could become offline if it goes out of business.

Make sure to have a back-up of your wallet seed phrase if you have secured for its safety reason. Don't ingnore this simple methods of preventions, because you might have the assurance that your asset will be recovered when a device will be lost or electronically damaged. Once you can transfer your funds to other wallet like, trust wallet of whatsoever hardware wallet it automatically sync if you're connected online.

JayDDee

full member

Activity: 1424

Merit: 225

The "wallet" actually lives on the blockchain. As long as you own the keys, and protect them, you can use any
software to access your wallet. A full node just means you have a local copy of the blockchain, 100s of GB,
but it's the keys that are most important.

Some wallet apps manage the keys on your behalf. Those are the ones that can disappear with your crypto.
They are also only accessible from the app.

dubber09

newbie

Activity: 2

Merit: 0

IMHO, for long term storage Trezor or similar wallet are best, they are very portable as well.
For short term with 'use' - crypto.com Visa debit card works great.
Exodus wallet may be a good solution to mine to.

FP91G

legendary

Activity: 1834

Merit: 1131

For long-term storage, it's best to use full node wallets. For bitcoin, this is Bitcoin core, for ripple, find an official wallet too.
With this approach, your coins will be 100% safe.
Only it is probably worth using a separate computer for these purposes.

darkdude

jr. member

Activity: 113

Merit: 1

Thank you!

miner29

full member

Activity: 1275

Merit: 141

As long as you are the holder of the wallet seed (keys) then your wallet can be easily moved to another wallet with the seed.

darkdude

jr. member

Activity: 113

Merit: 1

If I end up using Exodus wallet to manage BTC and XRP, but one day, Exodus decides to get out of the business and shutdown, will their wallet still work? From what I can tell their wallet seems to be a hybrid personal wallet but requires you to be online to function. Is the need to function driven due to the need to sync with the blockchain and if yes, does it sync with nodes on the network or does it need to sync with its master node that it manages that could become offline if it goes out of business.

Topic: Exodus Wallet Question (Read 170 times)