Is exodus wallet safe?

[Vilrex]

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?

[1713278709]

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[1713278709]

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[Smarty14392]

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.

[gueorguiev]

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.

[crazyivan]

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.

[piloder]

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.

[gueorguiev]

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.

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.

[CryptosapienZA]

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?

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.

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.

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.

[Baofeng]

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.

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.

[poplolnman]

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.

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.

[timerland]

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?

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.

[Vikingr]

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?

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.

[Ultegra134]

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.

[Bitcoinsummoner]

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..

[DoublerHunter]

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.

[hovrah]

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.

[kidoseagle0312]

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.

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.

[Kemarit]

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.

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.

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.

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.

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.

[amacar2]

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.

[LeGaulois]

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

[poplolnman]

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.

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.

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.

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.

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.

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.