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Author Topic: Is there a wallet that stores more than one crytpo on your desktop?  (Read 362 times)
Marvelman
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February 12, 2024, 03:05:07 PM
 #41

Is there a wallet that stores more than one crytpo on your desktop?
There are too many of them but if you're going to store with huge amounts of these cryptos, then you'd better be putting them on a hardware wallet.

Speaking of hardware wallets, most of them handle tons of different coins and blockchains, so there's definitely a good option out there for OP.

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February 12, 2024, 11:39:20 PM
Last edit: February 12, 2024, 11:56:43 PM by bitcoin talk
 #42

...Exodus, and Electrum for desktop wallet are enough.
In exodus:
- I clicked Add and added monero xmr
- now it's asking me this below:
Quote
your XMR balance may not be up to date because it's not synced with the blockchain. To keep your XMR private, syncing takes several hours.
The several hrs wait seems like a hassle, do I have to click sync?

Exodus receive address appears without having to click sync and wait needlessly around for several hrs. Can I start receiving xmr with this or do I need to sync and wait around hrs? I am confused is it mandatory to click sync or should I ignore it?
Is this exodus a HD (Hierarchical Deterministic) wallets as I need the capability to generate new addresses for both receiving and sending transactions.

To switch off exodus do I just click close (upper right blue icon). No password required?

I'm still deciding on a second desktop wallet that's HD (Hierarchical Deterministic)  for monero and btc. Which way should I go. I have Electrum for btc and Exodus for alt like xmr would there be benefit in getting one more hd? I really after HD (Hierarchical Deterministic) desktop wallet as I need the capability to generate new addresses for both receiving and sending transactions with monero.

As these (list below) viable candidates for HD (Hierarchical Deterministic) wallets with the capability to generate new addresses for both receiving and sending transactions for monero xmr?
Feather for Monero
trustwallet
Atomic for alt coins
Cake wallet
Sparrow
Samurai

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February 13, 2024, 08:10:29 AM
Last edit: February 13, 2024, 08:24:15 AM by FatFork
 #43

The several hrs wait seems like a hassle, do I have to click sync?

Exodus receive address appears without having to click sync and wait needlessly around for several hrs. Can I start receiving xmr with this or do I need to sync and wait around hrs? I am confused is it mandatory to click sync or should I ignore it?

All wallets have to be synced with the blockchain in some way. Full node wallets download and verify the entire blockchain history, so it takes some time when it's done for the first time, and requires more storage space on your machine. Light wallets, like Electrum or MetaMask, don't require full synchronization but rely on external servers for information, so you sacrifice a bit of your privacy by using them.

Is this exodus a HD (Hierarchical Deterministic) wallets as I need the capability to generate new addresses for both receiving and sending transactions.

The vast majority of modern cryptocurrency wallets are Hierarchical Deterministic (HD) wallets.  

To switch off exodus do I just click close (upper right blue icon). No password required?

Some wallets may not require a password by default, but using a password to encrypt your wallet is always recommended for added security. For convenience, the password is usually only required to open the wallet, not when closing the software.

I'm still deciding on a second desktop wallet that's HD (Hierarchical Deterministic)  for monero and btc. Which way should I go. I have Electrum for btc and Exodus for alt like xmr would there be benefit in getting one more hd? I really after HD (Hierarchical Deterministic) desktop wallet as I need the capability to generate new addresses for both receiving and sending transactions with monero.

If you have become comfortable with the Exodus wallet, there's no need to switch unless you have a specific reason. Of course, exploring new options is always fun! But before diving in, remember to prioritize security. Ideally, test new software on a machine you don't use for crucial stuff. If that's not possible, consider using a virtual machine or a dual-boot system.

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February 13, 2024, 10:54:30 PM
 #44

The several hrs wait seems like a hassle, do I have to click sync?

Exodus receive address appears without having to click sync and wait needlessly around for several hrs. Can I start receiving xmr with this or do I need to sync and wait around hrs? I am confused is it mandatory to click sync or should I ignore it?

All wallets have to be synced with the blockchain in some way. Full node wallets download and verify the entire blockchain history, so it takes some time when it's done for the first time, and requires more storage space on your machine.
Why is exodus offering me a receiving address to receive monero if I haven't done the full sync to its blockchain yet? Are you sure I can't avoid downloading the whole blockchain. There's multiple coins, are all their individual blockchains going to downloaded if I click sync?

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February 14, 2024, 07:56:04 AM
 #45

Electrum for Bitcoin
Feather for Monero

You can't go wrong with these 2. They are reputable open source wallets.
Can I start using the receive address for monero straight away without syncing Exodus as its asking me to do, I can see it's generated an XMR address for me to use without going thru sync. I want to avoid large download which is why I want to bypass sync if possible of Exodus.

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February 14, 2024, 07:57:02 AM
 #46

Why is exodus offering me a receiving address to receive monero if I haven't done the full sync to its blockchain yet? Are you sure I can't avoid downloading the whole blockchain. There's multiple coins, are all their individual blockchains going to downloaded if I click sync?

Generating new addresses is not an on-chain event, but pure math. You can generate valid addresses while you are completely offline. Basically, you only need to sync up if you want to catch up on the latest blockchain transactions or broadcast new transactions of your own.

Syncing doesn't always mean downloading the whole blockchain! Since Exodus isn't a full-node wallet, it uses external servers to function. But, to keep your info updated, you'll still need to sync it with those servers for the latest transaction details.

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February 14, 2024, 08:06:13 AM
 #47

Generating new addresses is not an on-chain event, but pure math. You can generate valid addresses while you are completely offline.
So if you just downloaded exodus, never sync before it's ok to generate a receive address and start using it? And after receiving the funds the blockchain ledgers will know I have conducted a transaction even though I never sync before?

Basically, you only need to sync up if you want to catch up on the latest blockchain transactions or broadcast new transactions of your own.
The latest blockchain/broadcast transactions are helpful in what situations?


Syncing doesn't always mean downloading the whole blockchain! Since Exodus isn't a full-node wallet, it uses external servers to function. But, to keep your info updated, you'll still need to sync it with those servers for the latest transaction details.
What info specifically of mine?

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February 14, 2024, 08:20:15 AM
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 #48

Can I start using the receive address for monero straight away without syncing Exodus as its asking me to do, I can see it's generated an XMR address for me to use without going thru sync. I want to avoid large download which is why I want to bypass sync if possible of Exodus.

Read this reddit reply from official Exodus staff, which may explain it better:

Hey there! For most assets, Exodus is a "lite wallet" that doesn't need to download the full blockchain. However, XMR is an exception. It doesn't need to download the whole blockchain in order for you to send/receive XMR, it needs to download the blockchain to know what your balance is.

However, the whole blockchain only needs to be downloaded if your wallet has transactions dating back to the early days of XMR. Since this isn't necessary for most users, you can download a smaller part of the blockchain. We have a guide to doing so here.


So if you just downloaded exodus, never sync before it's ok to generate a receive address and start using it? And after receiving the funds the blockchain ledgers will know I have conducted a transaction even though I never sync before?

Yes, it's ok to generate an address and start using it. The Monero Blockchain ledger will know about the transaction after the transaction has been confirmed by the miners, but your wallet will not know about the transaction until it is synced with the blockchain.

The latest blockchain/broadcast transactions are helpful in what situations?

To see the correct wallet balance and to be able to use the received coins.

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February 16, 2024, 12:26:33 AM
 #49


Read this reddit reply from official Exodus staff, which may explain it better:

Hey there! For most assets, Exodus is a "lite wallet" that doesn't need to download the full blockchain. However, XMR is an exception. It doesn't need to download the whole blockchain in order for you to send/receive XMR, it needs to download the blockchain to know what your balance is.

However, the whole blockchain only needs to be downloaded if your wallet has transactions dating back to the early days of XMR. Since this isn't necessary for most users, you can download a smaller part of the blockchain. We have a guide to doing so here.
It will be a new transaction therefore it doesn't require a full xmr blockchain download but how will exodus know not to download the whole xmr blockchain, do I get to choose after I click sync?

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February 16, 2024, 02:14:00 PM
 #50

It will be a new transaction therefore it doesn't require a full xmr blockchain download but how will exodus know not to download the whole xmr blockchain, do I get to choose after I click sync?

Because it's a newly generated wallet, Exodus "knows" it doesn't need to download the entire Monero blockchain. You can manually adjust the block height following the instructions provided in my previous reply: "How do I reset the wallet block height?"

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February 16, 2024, 02:38:02 PM
Last edit: February 16, 2024, 03:15:29 PM by Roland_King
 #51

Desktop Crytpo Wallets
Exodus
Mac OS, Linux, and Windows

Atomic Wallet
Mac OS, and Windows, Ubuntu, Debian
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February 16, 2024, 04:13:05 PM
 #52

Atomic Wallet

Atomic wallet had some worrying accusations about security issues and hacks last year.  A lot of people apparently lost everything in their non-custodial wallets (like $20 million as reported).  As far as I know, company never explained what actually happened.  They just blocked people from commenting on their social media channels about it.  Shady stuff.

You can find out more here:

A Non-Custodial wallet, Atomic Wallet, being compromised
Atomic Wallet - probably exploited
Atomic Wallet hacked! Get your funds out now!
Atomic Wallet hacker sends crypto to mixer used by Lazarus Group: Elliptic

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..CASINO....SPORTS....RACING..
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