Exodus is a very beautiful, non-custodial, wallet. It is a general, one, which means that can store coins from various blockchains. This makes it very good for newbies, but most of the time, wallets that are oriented in a particular blockchain, serve best the DeFi ecocystems in this particular blockchain.
So, to answer your question. Is it safe?
First, because it is a non-custodial wallet, you hold the keys to your Crypto. So, if you lose your recovery phrase, or someone else has access to it, your funds will be lost.
Also, Exodus (if not used with a Trezor), is a hot wallet. This means that your keys are stored locally (encrypted) on your PC. So, if your PC is remotely hacked, and the hacker can decrypt your private keys, he can steal your Crypto. So, if you have over an amount of Crypto, I would highly recommend you buy a Hardware wallet, such as Ledger or Trezor.
Lastly, unfortunately, something that makes it less safe than other hot wallets, is that it isn’t open-source. So, even though you hold the keys to your Crypto, you can’t be 100% sure that they are stored only on your behalf. The recent hacks on Atomic, MyAlgo, and Solana’s Slope wallets, show you, that there is a possibility of not open-sourced wallet hacks. But, Exodus has top-notch security, so this seems improbable, but you can never be sure.
Lastly, you talk about the fees. Exodus is a wallet, not an Exchange. You should always exchange tokens, on Centralized Exchanges, on their Spot Markets, to get the best rates. Every “swap” functions in wallets, aren’t cheap and should be avoided. If you talk about the “fees” when you withdraw Crypto from Exodus, then there are no “Exodus fees”. The fees are calculated based on the Blockchain you use, and how loaded its network is at the current moment. So, Solana is nearly fee-free to use, while Ethereum is very pricey, especially under high load.
Good luck finding the best way to store your Crypto.
Exodus is a very beautiful, non-custodial, wallet. It is a general, one, which means that can store coins from various blockchains. This makes it very good for newbies, but most of the time, wallets that are oriented in a particular blockchain, serve best the DeFi ecocystems in this particular blockchain.
So, to answer your question. Is it safe?
First, because it is a non-custodial wallet, you hold the keys to your Crypto. So, if you lose your recovery phrase, or someone else has access to it, your funds will be lost.
Also, Exodus (if not used with a Trezor), is a hot wallet. This means that your keys are stored locally (encrypted) on your PC. So, if your PC is remotely hacked, and the hacker can decrypt your private keys, he can steal your Crypto. So, if you have over an amount of Crypto, I would highly recommend you buy a Hardware wallet, such as Ledger or Trezor.
Lastly, unfortunately, something that makes it less safe than other hot wallets, is that it isn’t open-source. So, even though you hold the keys to your Crypto, you can’t be 100% sure that they are stored only on your behalf. The recent hacks on Atomic, MyAlgo, and Solana’s Slope wallets, show you, that there is a possibility of not open-sourced wallet hacks. But, Exodus has top-notch security, so this seems improbable, but you can never be sure.
Lastly, you talk about the fees. Exodus is a wallet, not an Exchange. You should always exchange tokens, on Centralized Exchanges, on their Spot Markets, to get the best rates. Every “swap” functions in wallets, aren’t cheap and should be avoided. If you talk about the “fees” when you withdraw Crypto from Exodus, then there are no “Exodus fees”. The fees are calculated based on the Blockchain you use, and how loaded its network is at the current moment. So, Solana is nearly fee-free to use, while Ethereum is very pricey, especially under high load.
Good luck finding the best way to store your Crypto.