Exodus. Is it safe?

[SeamusCastillo]

Wanna use a crypto wallet for various coins and my friend told me about Exodus. Is it a good wallet? What props and cons it has? Thanks

[PX-Z]

Exodus is at least good for beginners with small amount to store, its the same for Coinomi and Trustwallet. But i won't use them for huge holdings. I will still prefer to use the specific official wallet for those altcoins and tokens then use Electrum for Bitcoin holdings with proper practice on sending and receiving coin with secured device..

[Charles-Tim]

Exodus is a close source wallet. You may like the experience it gives you but you do not know what is going on under because the public can not review its code. It might have spyware or a backdoor and it may be generating known-to-developers seed phrase. I can not recommend anyone to use the wallet.

I prefer Matamask and Unstoppable for altcoins.

For bitcoin, I prefer Electrum, Sparrow, Bluewallet and Unstoppable.

[Aanuoluwatofunmi]

Wanna use a crypto wallet for various coins and my friend told me about Exodus. Is it a good wallet? What props and cons it has? Thanks

There is nothing bad in the use of exodus wallet, but know that its the best most recommended wallet for beginners to use, then later when you have been used to the whole idea behind using a wallet, you can move to advance with the use of wallets like electrum, passport, blue wallet sparrow  and the likes, but for now, you can manage to use the exodus wallet till when you gain more thicker skin.

[markwood007]

Currently im holding 11k usdc in my exodus wallet. As a defi wallet, it is good

[Doan9269]

Wanna use a crypto wallet for various coins and my friend told me about Exodus. Is it a good wallet? What props and cons it has? Thanks

Exodus is not that bas as a beginner to start with, also, what is in consideration here is the fact that you wanted to have a crypto wallet that support for many coins and tokens, then i will advise that later you may have to consider the use of trust wallet or metamask after which you have been used to various kinds of wallets, but for now, you're still good with the use of exodus till then.

[_act_]

Exodus is not that bas as a beginner to start with, also, what is in consideration here is the fact that you wanted to have a crypto wallet that support for many coins and tokens, then i will advise that later you may have to consider the use of trust wallet or metamask after which you have been used to various kinds of wallets, but for now, you're still good with the use of exodus till then.

Exodus wallet is also supporting many altcoins. But I do not like it because it is not an open source wallet. Also Trust wallet is not open source. Metamask is one of the best altcoin wallet and it is open source although it is a web wallet. I prefer to use Unstoppable wallet first which is a mobile wallet. It is also open source.

[Rikafip]

Currently im holding 11k usdc in my exodus wallet. As a defi wallet, it is good

For that amount of money, I don't think that closed source hot wallet like Exodus is the best solution.

Imho, hardware wallet like Trezor which costs less than $100 is much more appropritae and you will sleep much better. I know I did once I switched to a hardware wallet so safely store my crypto.

[Husna QA]

Wanna use a crypto wallet for various coins and my friend told me about Exodus. Is it a good wallet? What props and cons it has? Thanks

I once tried the Exodus wallet. If I'm not mistaken, at that time, it was because there was no application that I could use to connect the Trezor hardware wallet to a smartphone (currently, there is Trezor Suite Lite, although it cannot be used to send transactions).

I found an article about Exodus on the Trezor website:
https://trezor.io/learn/a/exodus-and-trezor?srsltid=AfmBOooAMIjTsNaqW7QMJ7Y0UYfBNzoDVIwe_jN7BDS0BJkai67cf8Iv

However, Exodus is third-party software, and Trezor does not provide a guarantee for its full functionality.

[Ujok]

Exodus is at least good for beginners with small amount to store, its the same for Coinomi and Trustwallet. But i won't use them for huge holdings. I will still prefer to use the specific official wallet for those altcoins and tokens then use Electrum for Bitcoin holdings with proper practice on sending and receiving coin with secured device..

what you said is true, choose a wallet that is considered to be safe and private from all so that our assets are safe from other people. Every wallet has advantages and disadvantages depending on the person who uses it, but we must accept input from old people because they really understand things like that.

[_act_]

Exodus is at least good for beginners with small amount to store, its the same for Coinomi and Trustwallet. But i won't use them for huge holdings. I will still prefer to use the specific official wallet for those altcoins and tokens then use Electrum for Bitcoin holdings with proper practice on sending and receiving coin with secured device..

what you said is true, choose a wallet that is considered to be safe and private from all so that our assets are safe from other people. Every wallet has advantages and disadvantages depending on the person who uses it, but we must accept input from old people because they really understand things like that.

Unstoppable wallet is a good open source wallet. Not that it is a good bitcoin wallet, it is also having some altcoins. If I do not see the coin that I want on Unstoppable wallet, I can then go for Metamask. If I do not see any other open source option, I can then go for close source wallet. Exodus is a close source wallet which is the reason I can not tell anyone to use it first unless Unstoppable and Metamask do not have the coins the person wants.

[Mia Chloe]

Exodus is a close source wallet. You may like the experience it gives you but you do not know what is going on under because the public can not review its code. It might have spyware or a backdoor and it may be generating known-to-developers seed phrase. I can not recommend anyone to use the wallet.
I prefer Matamask and Unstoppable for altcoins.
For bitcoin, I prefer Electrum, Sparrow, Bluewallet and Unstoppable.

Yeah exodus is not an open source wallet. However I'm not quite surprised since a majority of wallets that accept other crypto currencies apart from bitcoin for some reason are usually closed source. Personally I prefer using a bitcoin only wallet to store my bitcoins especially because it not only makes it easy to manage your coins buy also you have a wider option of various open source wallets to choose from.
If the device is a desktop or a laptop I suggest making use of ELECTRUM bitcoin wallet. If it's a mobile phone you could make use of either mycelium or blue wallet though Electrum is also ok. For altcoins I'll make use of unstoppable.

[Findingnemo]

Currently im holding 11k usdc in my exodus wallet. As a defi wallet, it is good

For such amount cold storage is mandatory, don't take any risk with any other kind of wallets, there are some open source wallets but it's good to use for small amount like 1 or 2K dollars worth of crypto maximum and since it exceeds 10K HW is mandatory.

Trezor 3 seems to be a good choice so if it's possible for you to buy from official website then buy it, if you're buying from a reseller then you have to be cautious.

[Ujok]

Currently im holding 11k usdc in my exodus wallet. As a defi wallet, it is good

If the Exodus wallet is not safe, don't use it, sir, so that you don't lose your assets. It's better to use a wallet that is truly safe from other people so that our assets are stored safely. Don't take the wrong steps in taking action and end up regretting it, but I don't forbid you from using this wallet.

[Kemarit]

Another thing that I don't like about Exodus, besides it's close source is that you don't have control of the fees or at least they are charging higher than usual. That's why I totally abandoned them for years and never used it again. Maybe it has improved already, but then for Bitcoin, it's better to used Electrum.

Metamask as well has gained some grounds throughout the years. But we all know that a hardware wallet is best, specially if we are going to keep a lot of crypto or save them for long term hold.