Is Exodus a good wallet? - page 2. | Bitcointalksearch.org

Lucius

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Quote from: OmegaStarScream on April 03, 2020, 05:13:16 AM

I suggest using Electrum instead.

Electrum for BTC is the best choice as desktop and even mobile wallet, of course if all the security procedures are followed and the devices where we use this wallet are virus/malware free. If OP is need some multi-currency wallet things are changing, and any free solution probably has some disadvantage. I personally tried the Coinomi desktop wallet, and I have no complaints - but as a longtime user of hardware wallets, I'm used to a higher level of security.

Accordingly, for anyone who is thinking of investing heavily in crypto or being a long-term holder, I advise investing first in some hardware wallet. If someone is investing a few hundred dollars in BTC, then it makes sense that he should invest $50 in the security of his investment.

Taskford

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Quote from: sellcoins on April 03, 2020, 04:47:10 AM

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 used them up for several months but I think they are vulnerable to some attacks but I recommend you to use electrum instead of any other wallet there.

but if you think exodus is good since it has a good feature then care to try but with proper care and don't leave any big balance for proper protection of your funds.

Charles-Tim

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Quote from: OmegaStarScream on April 03, 2020, 05:13:16 AM

Quote from: Charles-Tim on April 03, 2020, 04:56:12 AM

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,

They do have a mobile wallet actually: https://www.exodus.io/mobile/

Quote from: sellcoins on April 03, 2020, 05:02:33 AM

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 force KYC, then you can't really do anything about it. I suggest using Electrum instead.

Sir, you are very right. I even prefer open source wallets because bugs can be easily fixed by anybody. They are less vulnerable to spyware and other forms of malware. Electrum will be better.

@ sellcoins
Just know that blockchain wallet can require verification if you want to take part in their airdrop programs. This way can lure people using the wallet to do kyc. Aside that, blockchain is not is not fully anonymous because they require email if you want to use the wallet. As for me, emails are also a means of verification. It is better to use wallets that require no email.

OmegaStarScream

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Quote from: Charles-Tim on April 03, 2020, 04:56:12 AM

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,

They do have a mobile wallet actually: https://www.exodus.io/mobile/

Quote from: sellcoins on April 03, 2020, 05:02:33 AM

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

sellcoins

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then it ain't like coinbase that wants verification? is it like blockchain?

Charles-Tim

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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,

With all that said, if you can protect your desktop from malware, exodus is still a good computer wallet. You can use this link to know how to protect your wallet generally.
https://bitcointalksearch.org/topic/m.54107672

To know more about exodus wallet, try this link. You will see it helpful as well.
https://bitcointalksearch.org/topic/m.54107672

sellcoins

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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

Topic: Is Exodus a good wallet? - page 2. (Read 536 times)