I've been using exodus mobile wallet application so what I can say- Exodus wallet could be solution for new people since it highlights everything about crypto in a single UI. At last, It's up to you, cause there more nice wallet out there.
Anyway, Exodus assert the Best Crypto Wallet for Desktop & Mobile! They still have a lot of work to do for satisfies user, like to bring many more features into the wallet.
Topic: Is Exodus a good wallet? (Read 468 times)
Exodus wallet has a great reputation
No, it hasn't.
Actually, exodus is a pretty bad wallet with missing features (e.g. multi signature) and low security standards (i.e. seed exposed after unlocking the wallet).
The fact that it is closed source, doesn't make it any better.
There are lots of better wallets to choose from. I'd never recommend exodus to anyone.
it requires no verification and provides you with strong transfer speed and the ability to back up your assets
Uhm.. yes.. that's what you would expect from any wallet for a decentralized currency relying on cryptography?
Btw.. the "transfer speed" is not related to the wallet at all.
Exodus wallet has a great reputation, it requires no verification and provides you with strong transfer speed and the ability to back up your assets to keep your wallet safe and ready for use whenever you want. But it has the possibility of unlimited transfer of cryptocurrencies, and this is definitely a risk in the event of a hack.
That's exactly how it should be like. A non-custodial wallet is not supposed to set limits on how much you can spend and as to the safety of the funds, then that's the user's responsibility. You can grab a Trezor or ledger for less than 100$ (or even cheaper in some occasions).
Exodus wallet has a great reputation, it requires no verification and provides you with strong transfer speed and the ability to back up your assets to keep your wallet safe and ready for use whenever you want. But it has the possibility of unlimited transfer of cryptocurrencies, and this is definitely a risk in the event of a hack.
Why closed source wallet is less trusted? Most of ordinary users can't ready the code.
If a software is open source and used by a huge userbase and maybe even developed by them, the chances that a malicious code snippet will be detected is quite high. Especially when talking about software updates.
With a closed source software, you never know what the software actually is doing and what every "bug fix"- or "feature" update accomplishes.
You shouldn't trust software just because it is open source. But IMO this is an necessary prerequisite for a trustworthy software.
Why closed source wallet is less trusted? Most of ordinary users can't ready the code.
Because you can't know what's happening in the background. A wallet provider can send your private keys/or any other personal information to their servers and you won't know about it.
It's true that the average user can't read code, but he doesn't really have to, because if a project is old and interesting enough, then it's very likely that the other developers have already reviewed it (the stars, forks, issues opened, etc. can be a good indication for the integrity of the code as well).
open source and more trusted.
Why closed source wallet is less trusted? Most of ordinary users can't ready the code. -snip-
p.s. Exodus doesn't require passing kyc
p.s. Exodus doesn't require passing kyc
Maybe not when you're using the wallet, but it's very possible for the built-in exchange (if used) to ask you for your personal documents.
Exodus is pretty good.
Not really, no.
build-in exchange (but the fees are high)
Instant exchanges are the worst way of exchanging coins.
They lock up funds regularly and systematically for "security reasons" and require KYC.
Most of them (e.g. changelly) even lie about their country of origin.
and 24/7 support.
Which can't help you because they don't have access to your funds.
I don't like that you’re not able to choose the fee of your transactions. Some smaller wallets like OWNR provide the option to set variable transaction fees.
Every half-way decent wallet allows you to choose the fee.
p.s. Exodus doesn't require passing kyc
Neither does any other non-custodial wallet.
They can't force you to do KYC if they don't have access to your coins.
Exodus is pretty good. It offers multi-coins support, build-in exchange (but the fees are high) and 24/7 support. I don't like that you’re not able to choose the fee of your transactions. Some smaller wallets like OWNR provide the option to set variable transaction fees.
p.s. Exodus doesn't require passing kyc
p.s. Exodus doesn't require passing kyc
It requires no verification, it support multiple cryptocurrencies, the fee charges is automatically adjuste and still better than a web wallet as it is a desktop wallet.
But, it has no two factor authentication, it is not a multi signature wallet, it has no mobile application and can only be used as a desktop wallet,
But, it has no two factor authentication, it is not a multi signature wallet, it has no mobile application and can only be used as a desktop wallet,
They do have a mobile wallet actually: https://www.exodus.io/mobile/
then it ain't like coinbase that wants verification? is it like blockchain?
That's correct but the wallet is closed source, so you really don't know what to expect. If they suddenly decide to disable exporting PKs for instance, and enforce KYC, then you can't really do anything about it. They have been running for years, so there is no reason to mistrust them but it's something you need to keep in mind when it comes to closed source wallets. So if you're only using it for BTC, I suggest using Electrum instead.
Aside from that, the wallet is basic and very user-friendly, so if you insist on using it, just don't keep large amounts in it, they don't suggest it themselves: https://support.exodus.io/article/767-how-do-i-keep-my-money-safe
No desktop wallet beats a Trezor in terms of security and if it's the UI that you like, then Exodus does support Trezor: https://www.exodus.io/trezor
bitcoin.org has updated the page to choose the wallet much more intuitive, it is better than before.
https://bitcoin.org/en/choose-your-wallet?step=5
https://bitcoin.org/en/choose-your-wallet?step=5
Found this video about how to choose the safest hardware wallet. It tells of the latest hacks which can happen on the ledger and how trezor has partnered with exodus wallet quite recently, which I wasnt aware of previously. I have used it for over a year now and never really noticed this implementation.
Quite an interesting view from the coin bureau.
https://www.youtube.com/watch?v=Eod04JEyOV8
Write down needs and you'll hear some options
This is often the critical step that most people seeking help seem to skip... and most people trying to help fail to ask for. 
They're simple enough questions... "What is the best wallet?"... "Is WalletX a good wallet?"... But the "short" answer is always "It depends"... and the "long" answer will always require a list of the question-asker's goals and needs.
My personal experience: I had an issue with them, this was back in 2017, as a relatively new user of multi-asset wallets, and the developers actually directly responded and helped till my issue was fixed. I actually stuck with them for a while, especially once Gridcoin qt started to get wonky and it was the only one that seemed to function without issues. But then they removed Dogecoin support -- I can't remember the exact justification, but Dogecoin developers actually responded to their post refuting their claims, yet they (Exodus) didn't back down. Call me a softie for Doge but you don't just make people's coins disappear suddenly from a wallet. Yes, yes, they left you a way to claim it back but only with some inconvenience.
This doesn't even bring up all the other issues rightly raised above... so, all in all, as a beginner until you feel more confident with a proper client, sure. But you gotta move on as soon as you can find a good alternative (and in case of Bitcoin, there are just too many good alternatives to ignore).
This doesn't even bring up all the other issues rightly raised above... so, all in all, as a beginner until you feel more confident with a proper client, sure. But you gotta move on as soon as you can find a good alternative (and in case of Bitcoin, there are just too many good alternatives to ignore).
I used to own a trezor but sold it as i stopped using cryptos for a while, now i'm back and i'm using blockchain wallet. Is exodus a good choice? or does it require verification? If it's like blockchain, so no verifications when you get paid / send let me know thank's
The word "best choice" is a comparison test between several options. What are your options? What are the reasons that prompted you to use that wallet?Let me guess, You searched for "best wallet for altcoins" on Google and showed you that wallet?
With the word verification, do you mean to verify the identity?
Write down needs and you'll hear some options
the real question is if you have any alternatives to use instead!
look around and see if you can get the same features that you want to use with Exodus wallet in another wallet software that is more popular, open source and more trusted. if you have any alternatives then you shouldn't be using Exodus in first place.
look around and see if you can get the same features that you want to use with Exodus wallet in another wallet software that is more popular, open source and more trusted. if you have any alternatives then you shouldn't be using Exodus in first place.
I used to own a trezor but sold it as i stopped using cryptos for a while, now i'm back and i'm using blockchain wallet. Is exodus a good choice? or does it require verification? If it's like blockchain, so no verifications when you get paid / send let me know thank's
I've been using exodus for several months now. It has been my main iOS mobile wallet. So far, everything's pretty smooth. I've never encountered any problem with it. It does not require verification. Neither does it require any email. If you are specifically storing some altcoins in there, you can also do that. You can also make conversion right there, BTC <==> altcoin. For BTC, you also have the option to shift from using Legacy to SegWit address, and vice versa. They are using bech32 address for SegWit, by the way.
But I have to emphasize the point of everyone else that it is a closed source wallet. It is not meant to be your main storage.
Is exodus a good choice?
or does it require verification?
or does it require verification?
Much better read these threads below then decide if you still want to use it or not.
- EXODUS scam or trusted wallet ?
- Is Exodus a safe desktop wallet alternative?
- What if Exodus wallet exit Scam?
- All Crypto assets stolen from Exodus - Anything I can do?
For me, this wallet is good but the security will still be depending on how you protect your wallet.
This is not the best wallet for multi-crypto so if you are looking for a multi-crypto wallet I suggest you switch to Coinomi wallet(Mobile version).
But if your plan is to use the wallet only for Bitcoin then the Electrum wallet as suggested above is the best option.
I'd say it was an "OK" wallet. But I would say that the Trezor hardware wallet that you had (
) or Electrum would be a much better choice.
What are your specific requirements? Are you wanting just a Bitcoin wallet, or did you want to dabble in altcoins as well?
) or Electrum would be a much better choice.What are your specific requirements? Are you wanting just a Bitcoin wallet, or did you want to dabble in altcoins as well?
If you are particularly looking for BTC wallet, I would strongly recommend using Electrum or Bitcoin core. It doesn't make sense using a close source wallet like Exodus at all. Both Electrum and Bitcoin core are open source. No hassle with verification; it's your wallet, your bank.
I used to own a trezor but sold it as i stopped using cryptos for a while, now i'm back and i'm using blockchain wallet. Is exodus a good choice? or does it require verification? If it's like blockchain, so no verifications when you get paid / send let me know thank's
i feel sorry for the loss of your wallet . you shouldnt have sold it if you think you can comeback again soon on cryptos and you did comeback .
hardware wallets are better than online wallet you know but what can you do now that you dont have it anymore . anyway blockchain wallet is okay and exodus is okay too . been using both of them but i think exodus is more cooler for me as you can exchange coins and it also supports different kinds of alts . afaik there is an option for verification . you can send and recieve with out or without them tho
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