Exodus. Is it safe?

[Mia Chloe]

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.

That's a nice suggestion for the op paying just a few dollars like about 1% of your hodlings to get a hardware wallet just to keep your coins safer is definitely a nice move. If the OP uses those coins for something like a business or something related where he has to transact constantly then there is no problem with home making use of a hot wallet only he has to be very careful with it so he doesn't lose his coins to some phishing or hack.
However if op strictly wants to HODL those coins then he should simply proceed to moving them to an airgapped device or hardware wallet preferably a new wallet.

[Mia Chloe]

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.

That's a nice suggestion for the op paying just a few dollars like about 1% of your hodlings to get a hardware wallet just to keep your coins safer is definitely a nice move. If the OP uses those coins for something like a business or something related where he has to transact constantly then there is no problem with home making use of a hot wallet only he has to be very careful with it so he doesn't lose his coins to some phishing or hack.
However if op strictly wants to HODL those coins then he should simply proceed to moving them to an airgapped device or hardware wallet preferably a new wallet.

[bayu7adi]

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.

Even that is a decent amount to start using a more secure hardware wallet... I myself have never used Exodus to store altcoins, seeing some posts above informing that Exodus is a wallet with closed source code, so that might be more convincing for me to choose another wallet. Indeed, sometimes something still looks safe when there are no incidents, but everything will be chaotic if we have become victims of cyber crime. My advice is to remain careful with the way we store assets, because hackers and fraudsters are always improving their intelligence.

[Z-tight]

Exodus wallet is a closed source wallet, i don't like closed source wallets, especially when i remember what happened to Atomic wallet users. Op i know you are looking for a multcoin wallet, but take note that it is probably better that you use a BTC wallet for BTC and an altcoin wallet for altcoins, i.e. Electrum or BlueWallet for BTC and unstoppable wallet for altcoins.

[hugeblack]

Exodus wallet is a closed source wallet, i don't like closed source wallets, especially when i remember what happened to Atomic wallet users. Op i know you are looking for a multcoin wallet, but take note that it is probably better that you use a BTC wallet for BTC and an altcoin wallet for altcoins, i.e. Electrum or BlueWallet for BTC and unstoppable wallet for altcoins.

In addition to hardware wallets, there is the Unstoppable wallet, which is good for a multi-currency wallet. Also, if you exclude Bitcoin and Ethereum, your need for a wallet that supports all cryptocurrencies will not be great. It is better to sell the token that does not have an open source wallet or buy a hardware wallet.

[bitterguy28]

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

it is safe so far i have not encountered any challenges when it came to security and privacy i also have not heard anyone share stories where they magically lost their funds while is it stored in that wallet

i would say tho that it has incredibly high fees but if you are not really going to be transferring a lot of coins to another and just going to store them there then i guess it is no problem

i would say that it is very user friendly since it’s easy to navigate through but quite laggy

[Cantsay]

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

it is safe so far i have not encountered any challenges when it came to security and privacy i also have not heard anyone share stories where they magically lost their funds while is it stored in that wallet

i would say tho that it has incredibly high fees but if you are not really going to be transferring a lot of coins to another and just going to store them there then i guess it is no problem

i would say that it is very user friendly since it’s easy to navigate through but quite laggy

It might not have displayed any kind of issue as of now but the fact that it is closed sourced makes it a bit risky to use to store coins for long term period.

We have other options that are open sourced and are way more secured than Exodus so that should be better than using Exodus.

If it’s just for daily transactions that are not large than I’d have no issue with using Exodus but since it has to do with long period then opting for Hardware or an very good open source wallet would be way better - we don’t even know how they generate their private key if there are any backdoors in the wallet for them to get access to those private keys.

[Z-tight]

if you exclude Bitcoin and Ethereum, your need for a wallet that supports all cryptocurrencies will not be great. It is better to sell the token that does not have an open source wallet or buy a hardware wallet.

That is very true, and buying a hardware wallet may be a good solution in this case, but most people who store tokens like this do not even have the intentions of storing it for a very long time. Their plan is to make money from it as soon as possible and sell it, so they may not even consider the option of spending their money on a hardware wallet.

[robelneo]

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 used to trust this wallet and have used it for almost five years , eventhough they are a close source wallet but after many users reported issues with their chose in wallet exchange I take out all my coins and dump it for Electrum, they should have used a more trusted third party exchange so they will not compromised their users funds and many users have reported that it took them months before the funds was returned.
There are other better wallet in the market so its worth looking on those trusted close source wallet than Exodus.

[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

Exodus is good to use, easy to learn and comprehend with, but the cons are that its a close source and also a newbie kind of wallet, which if you think to be a pro user, you may have to consider more other advanced wallets than exodus, but as for a beginner, its a very recommendable wallet to start with, because of it easy usability, its not complex at all for one to grab on it use.

[Celph]

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

Yes,my comrade.Exodus is considered a relatively safe software wallet for storing cryptocurrency but generally,as with any common software wallet,it also has it'sown risk. Exodus is a non custodial wallet itswlf,and pertaining this,you have full control over ypur wallet without the intrusion of exodus itself.
One notable future that is commendable about the security of Exodus is it's homeginization with the trezor hardware wallet,which provides an additional layer of protection which allows users to keep their private keys offline which is particularly intriguing.This adds an extra layer of security .
What are your thoughts on this?

[CyrusBlanke]

Nothing is 100% safe because your PC or smartphone can be hacked easily....but Exodus is a good wallet in general, I use it for a while.

[emmybd]

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 a good wallet. I have been using it for a long time without any problem. I think there are other good options such as trust wallet, metamask.

[dkbit98]

Warning to everyone who is using Exodus wallet!
If you have any Monero coins there move them asap because Exodus team is delisting XMR, and last deadline is August 2025.
Exodus is closed source and I suggest everyone to stop using this wallet and switch to better open source alternatives like Cake or Stack wallet, even better is hardware wallets Trezor or Keystone.

[KryptoBull]

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

You can totally find this info on ChatGPT! I really think user reviews are super trustworthy and can give you way more valuable insights to check out and help you make your decision.

Personally, Exodus isn't my go-to. It's not really a big name in my circle. TrustWallet, Phantom, Coinbase, and Metamask have totally stolen the spotlight, and new investors tend to pick them over Exodus. They're pretty similar to use, and we can find tutorials all over the internet. We just need to pick the wallet app we vibe with the most!