Is Exodus Safe?? to store your crypto assests for long time?

[DrMsEr]

Hi!
I am wondering that is excudos wallet safe to use? They offer multiple crypto portfoli , like litecoin, ethereum, doge, golem..etc.

they let you back up your wallet.so in case what will happen if the exodus company is shut down?? will i be able to access my money then??

how things will work then... i know bitcoin has Pvt key, so i can go to any site or wallet and redeem my private keys, is that same like exodus wallet??
please help me.

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[buwaytress]

Yeah, Exodus is one of the more secure options out there - I also have it, if only because it was simply easier at first to keep multiple coins. Create backups as you note, and yes, you're able to export all your private keys for each wallet in there. Developer> assets> crypto> export private key

[DrMsEr]

Yeah, Exodus is one of the more secure options out there - I also have it, if only because it was simply easier at first to keep multiple coins. Create backups as you note, and yes, you're able to export all your private keys for each wallet in there. Developer> assets> crypto> export private key

There are no developer options in my wallet?

[btcney]

Exodus is a good way to store a chunk of your savings, it has a good mix of privacy, control and ease of access, as well as an incredibly clean UI, and multicoin support that is something that no other wallet offers.

You control your own private keys, but you're running a full node. I would say that unless you are storing extremely large amounts of cryptocurrencies, over $10,000, then you should be good to go with Exodus. Their developers are all publicly known and have done several how-to videos which are extremely helpful as well.

If you want to import your 12 word backup, it does follow the BIP39 scheme. So you can import it into any wallet that accepts BIP39, for example Copay. I have tested this personally and it works fine.

[DrMsEr]

You cant export your private keys, i tried doing by going to developer option and then assets and then bitcoin, but all i can export is bitcoin address... even if you click export private key or address the output is same, only address is exported.

[btcney]

You cant export your private keys, i tried doing by going to developer option and then assets and then bitcoin, but all i can export is bitcoin address... even if you click export private key or address the output is same, only address is exported.

I just did it with my Ethereum wallet, and it works. It will export on your desktop as a csv file.

Are you sure that you are doing everything correctly? Follow this guide on exodus: http://support.exodus.io/knowledge_base/topics/how-can-i-view-my-private-keys-1

I can't try this with my bitcoin address because i haven't sent anything to it, so therefore there are 0 active addresses that have ever received funds so when i export it nothing comes up. But you should get your private key for bitcoin if you have used your wallet before.

If not, just get your recovery phrase and as i said, import it into any BIP39 supporting wallet.

[bL4nkcode]

I dunno also if exodus is much better and safer to store with huge funds since it's stated on their web page http://support.exodus.io/knowledge_base/topics/is-exodus-open-source that

Is Exodus open source?

Exodus is NOT 100% open source.

So it's up to you if you were still going to use this wallet, but actually, I'm using it also, not to store with bitcoin but some altcoin like ETH, since I can access my private keys there.

[viking02]

isn't a huge negative of exodus you cannot control the fees?  Thus if you send btc or other currency, the fee is very high etc?

[buwaytress]

You cant export your private keys, i tried doing by going to developer option and then assets and then bitcoin, but all i can export is bitcoin address... even if you click export private key or address the output is same, only address is exported.

Download and install the latest version (1.28.1) released yesterday. I just found out that several versions before 1.28.1, including 1.27.xs, had this particular feature regressed. It's now back and should work for exporting private keys.

isn't a huge negative of exodus you cannot control the fees?  Thus if you send btc or other currency, the fee is very high etc?

It's a negative for me for sure, which is why I don't use exodus for BTC. That said, it's convenient as a wallet I use for several alts, and has an inbuilt exchange. I am looking forward to some upcoming wallet projects featuring decentralised exchange.

[viking02]

Can someone tell me what are the fees when sending btc, ETH, litecoin etc with exodus?


Say you send $10, how much is the fee?  What about $100?  What about $1000?  Is it a flat fee?  Does it depend on when you send it?  How much is average fee?  Does it cost more to send btc vs eth or vice versa?

[TryNinja]

Can someone tell me what are the fees when sending btc, ETH, litecoin etc with exodus?

Say you send $10, how much is the fee?  What about $100?  What about $1000?  Is it a flat fee?  Does it depend on when you send it?  How much is average fee?  Does it cost more to send btc vs eth or vice versa?

First, you need to understand that your tx fees don't increase depending on the value you are sending. You will pay the same amount to send $10 as you would with $10000. What makes the tx more expensive is the amount of inputs and outputs on the transaction, which will increase the size of the tx.

Exodus will calculate the fee depending on the load on the network and the amount of inputs and outputs your transaction have.

Always check https://bitcoinfees.21.co to see how much is the avarage price for the cheapest transaction fee in bytes. If you want to understand everything and how to calculate the fee, you will probably need to read a little from the technical side to understand how fees works.

Google articles for you:

http://bitzuma.com/posts/making-sense-of-bitcoin-transaction-fees/
https://blog.blockchain.com/2016/12/15/bitcoin-transaction-fees-what-are-they-why-should-you-care/