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Author Topic: What if Exodus wallet exit Scam?  (Read 372 times)
letsdocrypto
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November 17, 2017, 11:53:59 AM
 #1

can exodus exit scam ?

just suppose if it exit scam , how we will manage to get back our money if they closed their services ? what we will do than ?
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bob123
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November 21, 2017, 01:41:32 PM
 #2

Exodus can't really perform an exit scam. They are not in control of your private keys.
Your private keys are generated and encrypted on your local computer. They never touch the server.
The only thing coud happen is that their server goes offline. Then you won't be able to synchronise your wallet and won't be able to push transactoins.
But in this case you could easily just export your private keys and import them into another wallet.
Im not using exodus, so i can't really tell how they implemented security features. I would rather use a well known, trusted and open-source wallet to store my coins.

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November 23, 2017, 11:58:23 AM
 #3

can exodus exit scam ?

just suppose if it exit scam , how we will manage to get back our money if they closed their services ? what we will do than ?

According to them, your private keys are not stored in their servers but you can't really know anything for sure as the software is not open source. You will just have to take their words for it.

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