Bitcoin Forum

Exodus wallet has become really popular, but when i downloaded it i noticed that your receiving address dosen't change and i heard that is recommended to only use one address per transaction, why does this happen? why its safer to only use one address per transaction? i understand exodus is a hot wallet so should we be using it to hold a decent amount of btc?

Exodus wallet is good and also provides easy coin converstions with shafeshift. It has multiple assets in a secure desktop wallet. But EXodus wallet is not private and neither can be made so. Exodus wallet rely on external nodes to scan and broadcast to the various blockchains which you use and neither have any way of pointing to user-trusted nodes. You can give it a try because it has man ypositive reviews.

It's safer to only use 1 transaction per address for privacy/anonymity reasons. Lets say you are a retailer. As a retailer one of your responsibilities is to protect your customers transaction privacy. By using the same address constantly, an outside source can easily link your retail store to that address, and then figure out how many transactions you've had in a day/month/year, and how much funds you currently hold. It becomes a bigger issue when both parties use the same address multiple times. For example, If I somehow have your friends address, I can easily do a search and see that there has been bitcoins sent from your friends address to your retail store address.

I have now linked each address to each respective owner, figured out how much money he sent you, and based on what the store is selling (drugs or other illegal products), potentially incriminate both of you.

If you check their FAQ, they say not to keep large amounts there and to use some other wallet. It s great for every day use but for full time storage, use something else.

I have also used exodus wallet few months ago and found them really handy but I left them because they will not give you full control over your cryptos (i.e. they don't share private key with you). Jaxx is another multicoin wallet out there which shares private key with users as well as they never send any of your wallet data to their servers. You can use Jaxx as alternative to exodus like me.

what exactly do you mean by everyday use. If at the end of day I have to transfer all my funds off why even bother using it at all.

The Exodus wallet is as safe as your computer. If your computer is not secure, so will your Exodus wallet. The opposite is true as well.


As expensive as they are and they say that? Geezz thats just crazy. I wouldnt keep funds for daily use there. Their transaction fees are way to high for that.

I downloaded exodus wallet about a few weeks ago and I thought that they you full control of your funds there that's why I want to used it. While jaxx is a better option, I think there was a news that someone has lost funds in there.

https://www.cryptocoinsnews.com/users-report-losing-400000-due-to-jaxx-wallet-vulnerability/

So it is not a safe option as well. So to be safe, don't used jaxx. I felt disappointed with exodus, I thought you have can full control over it.

that's true and considering exodus wallet aren't in bitcoin.org wallet list , i wouldn't recommend it. for a small transaction it's always worth to try , and of course never be a good idea to store your large amount of bitcoin in a third party wallet provider. sure safer you use your own wallet , i mean a wallet that allow you to hold the private key alone.

With Exodus wallet you hold your own private keys and that means that you are completely safe. Your details are actually never ever stored on the Exodus servers. think of exodus as just a multi-coin electrum.

I've been using the wallet for like 3 months now, never had any problems with it and have been completely impressed by their customer support as well.

If i were you then i would definitely use this wallet without any concern for your funds. Founders are well known, identities are public.

Just a suggestion, maybe move this topic to service discussions.

That is working till now but still we have to stay alert for that wallet because that is a new wallet and is from a third party so if we will have to keep a large number of bitcoins then we only have to rely on desktop wallet while all others for other normal and smaller use of bitcoin.

I had tried it out for a while but switched back to the online ones again. It's pretty decent to hold a small amount of BTC or other cryptocurrencies. Also, the ability to exchange your coins is pretty handy too.

Since you can backup private keys and you have control to your bitcoin wallet i think it safe to use i just research and found a good reviews about the exodus wallet but if you are still not trusting this wallet i recommend to use electrum instead for pc but for mobile mycelium is one of the good wallet now a days and base to my experiences..

There is no wallet that are purely safe because it is all depends on the user on how he can secure his wallet by having a back ups of private key or back up seed for the password so even he lost his device or erase the data of the wallet then he can easily recover it without experiencing any kind of issue.

I totally agree with you and definitely today there is no safe Bitcoin wallet, because any reason can serve as a loss of any coins. I'm interested in how safe my MyetherWallet is. How much can this resource protect my coins? This topic always bothered me and I still can not find an answer.

Which means, it is still good to use elctrum wallet than this one. Because in electrum wallet, your bitcoin is very safe to storage it in there for it has password, private and phrase key word before you can open it and withdraw your bitcoin balance.

I have downloaded the latest version of Exodus wallet. I tried to play with it and I can't find the options to have your own set of private keys. Meaning you don't have total control of that wallet. I will used this wallet just, but not for storing used amount of bitcoin but just to see how the conversion of bitcoin-ETH will be. And I think it will only give you 2 btc address if I'm not mistaken. So no option to create multiple address to give for every transaction who want to make. And I don't know if you can control the fee's as well. I have to double check.


Electrum is the best wallet for me so far. You can have multiple receiver address which is good if you have multiple transaction across for easy tracking. Of course you have total control of the seeds and the private key plus you can set up the fees for yourself because it support dynamic fees.

Exodus is just like blockchain.info wallet where you will never get access to your private keys but your keys might not be shared with their server. They also have quite useful built in exchange feature. I have used them before and might use them to store only few alts, I still prefer hardware wallet and jaxx for storing huge amount of my alts.

What is good with Exodus is that the private keys are encrypted locally and stored on your computer, not like a web based wallet. So your keys are not stored on the server of someone/a company. The backup system backs up encrypted metadata and if by an unlucky day your computer dies you can always use the Exodus backup system and/or with a link in your email to restore your wallet

they are a new wallet , launched within 2 years and getting popular recently. my concern only on how they aren't in the bitcoin.org wallet recommend list , the other things like private key that didn't held by the third party for me are a plus value , sounds like promising enough. just not yet recommended especially when you are talking about huge amount.

If you notice here and there the site you are mentioning needs to be updated and fresh content added. It's a little an old website with information displayed not really updated

Not really. Actually, the last commit to the website was made 5 hours ago. You can see it here[1].
The thing is that someone needs to make a Pull request with Exodus added, so they can review the wallet and maybe consider adding it.

Btw, I don't think Exodus is open source. Which IMO makes it even harder to the them getting on that list.

[1] https://github.com/bitcoin-dot-org/bitcoin.org/commits/master

In order not to create misinformation you have to read the FAQs and support of the site ...

If you want to have access to advanced menus (in windows) you simply have to move the mouse in the window of Exodus, ... then simultaneously ctrl + Shift + D ... and you will see that there is everything in the advanced menu ... also the possibility of have private keys and other settings ... after closing and reopening the exodus, the menu will disappear again, being necessary, for other settings each time you need to redo Ctrl + Shift + D ...
I find it very interesting, the only thing is that it has less coins than Jaxx ...

No. You can check your private key in Exodus. Check out here: http://support.exodus.io/article/86-how-can-i-view-my-private-keys
Do proper research first.

Trying Exodus so far and it's pretty handy with their outstanding feature and not consuming your pc power that much. Unfortunately, you can't sign message on Exodus I guess didn't find it anywhere so I think they would be thinking for that problem.

I have been using the wallet for almost a year and have had no problems. I have had discussions with the developers and they are very accessible. The wallet performs very reliably. Just my opinion for what it is worth.

I've been using Exodus for like 5 months and they are nice to use. Although it's missing some features like signing messages and some hardfork updates. However, for security and lightweight use, I'd recommend to use Exodus cuz it doesn't need to download tons of GB just for syncing up your machine to the network.

Since this wallet is not entirely open source(you can see some parts of code here https://github.com/ExodusMovement) &“Quite Vulnerable” (https://bitcointalk.org/index.php?topic=3201654.0) was detected, this will weaken its safety.
It generally has many advantages than disadvantages and offers many reliable services with zero problems.
No one reported a software/protection problem(you can trust it).
Just export your private key and keep it save  ;)

iam now also starting to use this walled becours i like the front end and to have all my Coins on one playe/app !
I also like to have the private keys  of the wallet looks ver greta for me also with shapeshift exchange included.
I really love this so far but just startet to test and use this :p lets see what the time brings.



regards

Exodus is growing exponentially in cryptocurrency market. Its features are good and easier for crypt currency traders. His interface, charts and personalization options make it more popular. I read Exodus Wallet Review (https://www.onlineprivacytips.co/reviews/exodus-wallet-review/) here in details and find potential in this.

I see Exodus is one of the wallet which is listed on many Bitcoin wallet review. Even the link you have says the same. If you wish to have your fund on secured wallet. This is one of the option for you.
I recent install this wallet. I really feel smooth and handy like how I using electrum wallet so far.
I am not sure how to modify the fee on this wallet. If you know that, share it below...

As many are one term investors so I always recommend them to store it offline. And for trades or short term investors or having small portion of btc they should always use the best of the online wallets or exchanges to store and use their crypto currency. Better to use the best rather than suffering at the end.

Exodus fully supports export of your private keys.

Just do CTRL-SHIFT-D to enter into developer mode, and then use the Developer/Assets/[Asset Name]/Export Private Keys menu.

Warning that your private key is effectively your wallet, so never share it online.

lol the entire second page of this thread is filled with trashy posts! Newbies are certainly to be misleading if the read whatever posted here. Exodus runs on JavaScript and Electron. Electron itself has a number of bugs and they are yet to make a stable API. Hence they are not heavily used for creating desktop applications. If installed on Windows, there are very easy targets of any virus or key loggers in general.

The exodus guys are cool and professional and they have a really nice product but I prefer only hardware wallets.

Thats exactly the point. We do have different choices when it comes to wallets that we do actively use because of such convenience or features but as being advised it would be just good to make it as a medium not literally a storage for long term aspect or tending to make it as a main wallet. I've once as exodus wallet user but i do find out some wallet which is more better and does really suits my interest/security and convenience but just to say that not all wallets are considered safe, there would always a risk if you are careless enough.

great review, thanks ;)