Import Exodus private keys to Electrum?

[invitro]

I use Exodus to store my coins but it has high fees which cant be changed.

If I want to send my coins from Exodus to Electrum I have to pay a $4 fee.

But I thought if I import the private keys to Electrum, then I have more control over the fees.

Does this work?

[1714574344]

1714574344

[AdolfinWolf]

I use Exodus to store my coins but it has high fees which cant be changed.

If I want to send my coins from Exodus to Electrum I have to pay a $4 fee.

But I thought if I import the private keys to Electrum, then I have more control over the fees.

Does this work?

Yes, you would be able to toggle the fees yourself, but depending on how the fees are calculated, it may not be cheaper at all.

I don't know how much bitcoin you are sending, but you should check out this site, https://bitcoinfees.21.co/

To see if you are sending the right amount, or if you are being overcharged.

[HCP]

I believe Exodus makes use of BIP39 seed mnemonics doesn't it? ie. 12 or 24 word backup phrase... I was never able to test, because it won't let you make a backup until you actually have some coins in your wallet, which is just illogical... I want to be able to make sure the backup works BEFORE i commit coins

Anyway, you should be able to take the seed phrase from Exodus and import it into Electrum... Just create a new wallet, then use "Standard Wallet" -> "I already have a Seed" -> Click the options button, select "BIP39 Seed" -> Enter your words -> Use the default "Derivation Path" when prompted (should be: m/44'/0'/0')

You should see all your transaction history, addresses and coins from Exodus.

[buwaytress]

I use Exodus to store my coins but it has high fees which cant be changed.

If I want to send my coins from Exodus to Electrum I have to pay a $4 fee.

But I thought if I import the private keys to Electrum, then I have more control over the fees.

Does this work?

Hmm, have Exodus changed to dynamic fees now? The last time I used it, it had a fixed fee format, although the actual tx used a different fee from what was deducted from my balance. Don't have any coins to test but yeah, it shows me the rate as 0.0025 per 1kb now.

A fixed fee wallet like Exodus (one reason I tried it out before) would only be useful if you planned on accepting a lot of dust transactions and spending them later on... but definitely, come on over to Electrum where you can control how your spend is made and how much you pay as fees.

I believe Exodus makes use of BIP39 seed mnemonics doesn't it? ie. 12 or 24 word backup phrase... I was never able to test, because it won't let you make a backup until you actually have some coins in your wallet, which is just illogical... I want to be able to make sure the backup works BEFORE i commit coins

Yup, it does! (12 word). That is illogical... I was able to make a backup though without ever having to send coins to it, so maybe you were on a much older version! I don't remember which version I used but it had to be between September-October 2016 when I tried it out. Just checked and still have my backup (with no BTC txs ever made!).

[bob123]

To start off with, i would never store my bitcoins in a closed source wallet. You can't be sure wheter there is a backdoor or a security flaw which could allow an attacker to steal all your coins.
Yes you can export your private keys, you have to open

Code:

developer menu > assets > bitcoin > export private keys

Afterwards you can import those private keys into electrum. But i still would recommend to send them to a new wallet generated with electrum.
Rather pay 4$ fee than having your coins stolen because of an exploit inside exodus. I did not found any certified application penetration tests on exodus.
But you also can create a wallet with a new seed and then add those private keys of exodus into electrum to be able to send "within electrum wallet" with adjustable fee.

[HCP]

I believe Exodus makes use of BIP39 seed mnemonics doesn't it? ie. 12 or 24 word backup phrase... I was never able to test, because it won't let you make a backup until you actually have some coins in your wallet, which is just illogical... I want to be able to make sure the backup works BEFORE i commit coins

Yup, it does! (12 word). That is illogical... I was able to make a backup though without ever having to send coins to it, so maybe you were on a much older version! I don't remember which version I used but it had to be between September-October 2016 when I tried it out. Just checked and still have my backup (with no BTC txs ever made!).

Nope... even using the latest version for download (1.36.1), it is still insisting that I deposit some coins before I can use the backup feature...



But thanks for confirming that they are indeed using the 12 word seed mnemonic... in that case, the simple solution is just import the seed mnemonic into Electrum and enjoy complete control over your fees. NOTE: Electrum only supports BTC, so if you're an altcoin user... this obviously won't help with altcoin transactions

[invitro]

To start off with, i would never store my bitcoins in a closed source wallet. You can't be sure wheter there is a backdoor or a security flaw which could allow an attacker to steal all your coins.
Yes you can export your private keys, you have to open

Code:

developer menu > assets > bitcoin > export private keys

Afterwards you can import those private keys into electrum. But i still would recommend to send them to a new wallet generated with electrum.
Rather pay 4$ fee than having your coins stolen because of an exploit inside exodus. I did not found any certified application penetration tests on exodus.
But you also can create a wallet with a new seed and then add those private keys of exodus into electrum to be able to send "within electrum wallet" with adjustable fee.

$4 is outrageous.

I have $12 there. Im not gonna pay $4 for $12 transaction. Worse is you cant change the fee.

I plan to import the private keys to electrum and uninstall Exodus