Is exodus wallet safe 2020?

Exodus gives you a relatively-safe cryptocurrency wallet for daily use . Since it is an online wallet, it will never be as secure as leaving digital currency in cold storage (such as a paper wallet). It also lacks some features which make it less secure than other, more complex software wallets.

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How does cold wallet work?

With cold storage, the digital wallet is stored on a platform that is not connected to the internet , thereby protecting the wallet from unauthorized access, cyber hacks and other vulnerabilities to which a system that is connected to the internet is susceptible.

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Which is better wallet or cold wallet?

A hot wallet is connected to the internet and could be vulnerable to online attacks — which could lead to stolen funds — but it’s faster and makes it easier to trade or spend crypto. A cold wallet is typically not connected to the internet, so while it may be more secure, it’s less convenient .

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