#EXODUS VS ELECTRUM SOFTWARE#
It means the Exodus developers could insert malicious code into the software without you knowing it. I guess the downside is that it is closed source. It is available for Windows, Mac, and Linux So if you find Electrum a bit daunting, then Exodus is a good alternative desktop wallet. The interface is very easy to understand, even total crypto noobs would fall in love. Exodus allows you to hold a variety of altcoins such as Ethereum, Dash, Litecoin and more. Since I am going to buy some tiny altcoins, then this is great to start. If you are new to cryptocurrencies and still trying to make sense of everything, I guess Exodus is for you. I told you this review is going to be pretty biased. Yeah I got a bit turned off straight away but I have nothing much to keep anyway. I like that it is pretty and easy, people love that, don't they? Since I got a bit of a start with Electrum, now I thought everything is the same. Electrum is available for Windows, Mac, and Linux. I heard the fees are lower compared to Exodus but it could also skyrocket when the Bitcoin network gets crowded. It also has integration with all major hardware wallets like Trezor and Ledger Nano. It means that people have taken their part in coding, which could reduce the chance of malicious stuff getting inside the software.
#EXODUS VS ELECTRUM PLUS#
And I heard it has been around for a while so I'm still keeping my feature-packed Bitcoin wallet.Įlectrum is also open source which is another plus point. Once you get over the ugliness and issues of the interface, it is still probably the most effective, robust and secure desktop wallets out there. Lose your laptop, lose the seed and you're done.Īlthough I still like all things pretty - colors, flowers, kitties and everything, I'm still keeping my tiny bitcoins in my Electrum. Unless I specifically wrote on paper "Electrum Bitcoin Wallet recovery seed + detailed instructions", I'm fine. Who knows? Mind you, I learned about cryptos so don't underestimate the burglars who would like to change their lives as well. Not that I'm assuming the burglars around here are not crypto holders, but they would probably sell my laptop for fiat instead. This hint of security is a plus point for me although I doubt that someone in the village would break into my place and steal my seed. I was asked to save this thing called 'seed' on a paper which made me a bit assured in case I lost my laptop.
Since I am new to Bitcoin, I got a bit lost due to its unfriendly interface. Electrum is ugly af, it looks like a Visual Basic app in the late 90s, but a little bit of nostalgia won't hurt me I guess (gosh I'm old). Fiat only gives me misery, so now I have desktop wallets for starters. Honestly, I really like holding cryptocurrencies because it makes me feel like I have something valuable for once in my life. Who knows if I would become a whale and change your lives too.
Steemit here is helping me fund my startup project so hopefully, I would be able to invest in Steem Power someday too. As you all know, I'm just a beach bum wannabe entrepreneur + crypto investor. Hopefully, I will always have money to use in the real world though. Now that I learned my lesson, I will try hard not to sell all of it. It even took me a couple of days to learn about Steemit's currencies, but thanks to this strong determination to change my life, I would be willing to learn everything. I should have known better since I'm not a fan of fiat all my life, but times were hard in paradise. Being new to Steemit and Cryptocurrencies, I changed all my bitcoins straight to fiat. I believe it is still safer than leaving your Cryptocurrencies in online exchanges or mobile wallets.įine, I will admit that I made a mistake in the past. A desktop wallet stores the private key on your desktop so it would be harder to steal. I will ambitiously move on to cold storage when I become a big-time bitcoin holder, but baby steps. But of course, for a small-time bitcoin holder like me, this would be a good solution for now. They are connected to the internet, making them a bit insecure. And now I see that this is a pretty wallet.Īs you all know, desktop wallets are still considered as 'hot wallets'. I'm thinking of buying altcoins and for that, I will take everyone's desktop wallet preference which is Exodus. But every day I try to learn something new, so now I am taking it to the next level. After a couple of months, I still consider myself fairly new to cryptocurrencies.
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