Exodus desktop wallet security??

[btcwish1]

Dear friends,

I know hardware wallet is safest but I don't find hardware wallet user friendly.  So, i prefer to use desktop wallet Exodus.

I am quite happy with exodus. What is the security risk it may have?  If for any reason exodus decide to shut down their company , do you think I can still use it considering it runs directly from my desktop?? 

I backed up the private key so even if they shut down, I can still get my btc??

thanks

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[1714931212]

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[Xavofat]

I don't find hardware wallet user friendly. 

If you follow the instructions, I've always considered the major hardware wallets to be extremely user friendly.  Make sure not to just write them off.

I am quite happy with exodus. What is the security risk it may have?

-Their code is closed source, so even though this is unlikely, they could implement malicious code without our knowing.

-Hardware wallets are not affected by the viruses that plague PCs - if you get a virus it could potentially steal your BTC.

I backed up the private key so even if they shut down, I can still get my btc??

Yes.

[btcwish1]

I don't find hardware wallet user friendly. 

If you follow the instructions, I've always considered the major hardware wallets to be extremely user friendly.  Make sure not to just write them off.

I am quite happy with exodus. What is the security risk it may have?

-Their code is closed source, so even though this is unlikely, they could implement malicious code without our knowing.

-Hardware wallets are not affected by the viruses that plague PCs - if you get a virus it could potentially steal your BTC.

I backed up the private key so even if they shut down, I can still get my btc??

Yes.

Thanks for reply. I just don't find hardware wallet user friendly. It could be just me...  I find exodus very users friendly. I have btc in coinbase and kraken. Do you think it will be good idea to bring them on exodus considering I will have my private key in exodus but not in coinbase and kraken?

[TryNinja]

Thanks for reply. I just don't find hardware wallet user friendly. It could be just me...  I find exodus very users friendly. I have btc in coinbase and kraken. Do you think it will be good idea to bring them on exodus considering I will have my private key in exodus but not in coinbase and kraken?

Absolutely. Never store your long-term coins in a web wallet/exchange/service that doesn't offer you full access over your private-keys. There were already many cases where storing your coins in a third-party resulted in users losing all their money. Always keep your coins in a wallet you control.