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Author Topic: Exodus desktop wallet security??  (Read 317 times)
btcwish1
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December 07, 2017, 08:00:05 AM
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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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December 07, 2017, 08:43:14 AM
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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.
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December 07, 2017, 03:07:27 PM
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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?
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December 07, 2017, 04:52:26 PM
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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.

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