Is exodus wallet safe 2020?

Binance vs Exodus Technical Comparison Results Another highly important aspect is the Security Level – it can tell you how safe your crypto assets will be if stored in a certain wallet. After doing Binance vs Exodus comparison, it’s evident that Binance has somewhat better security features than Exodus .

Yes Exodus Wallet is 100% safe because it stores all your cryptocurrencies directly in your system. This means you have complete control over your cryptocurrency assets all the time. To make your cryptocurrency asset more secure, it runs a backup system but never saves any key or password on its servers.

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.

Examples of hot wallets include exchange wallets, web wallets, and software wallets like Exodus . While Exodus puts you in control of your private keys, Exodus is installed on your device and requires Internet access to operate, which poses some risks depending on your security practices.