Custodial vs non-custodial (self-custodial) crypto wallets, and why it matters
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- Опубликовано: 18 сен 2024
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The need to distinguish between custodial and self-custodial or non-custodial wallets in crypto has never been more urgent. Recent events have shown that parking your funds in high-profile custodial wallets such as centralized exchanges (CeFi) is not as safe as it seems. Your crypto is not truly yours as it can be lent out, leveraged and locked out of your reach! Instead, a private non-custodial wallet option (like Exodus) gives you complete ownership and control over your crypto. We could never take your crypto, even if we tried. Are we the best non-custodial crypto wallet? You tell us!
Find out the difference between custodial and self-custodial wallets in this video and why it’s important that you choose the right service to hodl your precious crypto.
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Custodial vs non-custodial (self-custodial) crypto wallets, and why it matters with Layah Heilpern
#selfcustody #crypto #cryptosecurity
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Been loving your content. Looking forward to more use cases and comparison of exodus wallet with others. As a newbie, this would be super helpful, kinda like hand-holding :-D
Thanks for sharing the love, Sri 💙 We have so much more in store!
I've let the team know you'd like to see more use cases and comparisons of Exodus wallet with others. No promises, but keep an eye out 🙂 -BT
Exodus wallet... Riding the wave 🏄
🌊 🏄! -BT
Ledger, take notes.
Thanks for this video, I was actually wondering if I needed to be worried about my funds being on Exodus, but you confirmed it's a self-custodial wallet. However, I am still unclear exactly how I would get all of my various coins off of the Exodus wallet if the site/app went down or Exodus went out of business? Would my Exodus seed phrase work with another unrelated wallet and allow me to access all the same coins currently held with the Exodus wallet?
Hi Chris, we really appreciate your honest feedback here, and we realize that trust in crypto is being tested right now. We put together this article that outlines everything you need to know in the highly unlikely event Exodus closes: support.exodus.com/article/1683-what-happens-if-exodus-goes-extinct-gasp.
TL;DR: You can export your 12-word secret recovery phrase into another supported wallet. Let us know if you have further questions. We've got your back 24/7 🙏 -BT
Thanks again for the remaining , and I say it again: we will see a exodus hardware wallet in the future … think it 🤔
It may seem a dumb question but here it is:
If Bicoin is a very light code why can't it be stored in an ordinary usb stick or even in an email?
What if the hard wallet stop working?
This is a GREAT question, Udy! With a USB drive, you are leaving yourself vulnerable to attack. USB drives only serve as storage for your keys. Your private key is stored in a hardware wallet, never exposed, and transactions require physical confirmation.
If your hardware wallet stops working, you can restore your secret recovery phrase on a new hardware wallet! More details are posted on our guide: support.exodus.com/article/1102-i-lost-my-trezor-help.
That said, we're always happy to help! Feel free to ask us more questions if you have any 🙌 -BT
@@exodus Thank you for the explanation. I have one more question.
Is there any chart we can simulate investments throughout the years? Ex: how much you would have in 2022 if you invested $100 in 2017 and so forth. Such chart would be good to show other people simulations of any year and any some of money. I also want to know the reality of Bitcoin prices.
It makes sense why you'd like to use a crypto investment simulator chart, Udy 🦾. If you send us your questions via email at support[@]exodus.com, we'll respond as quickly as possible. -BT
Are there Exodus fees for moving in and out of Exodus wallets? Or just gas?
Great question. We'll never benefit in any way from your sending and receiving fees: support.exodus.com/article/68-does-exodus-have-fees-to-send-or-receive.
All sending and receiving fees go to the network. I'm standing by if you have more questions 🙏 -BT
Tengo una consulta, si tenia las 12 palabras en otra wallet (truswallet) y abro exodus con esas 12 palabras,en caso de que se pierda trust, sigue mi saldonen exodus o debo abrir desde cero en exodus con 12 palabras nuevas
Ah, esa es una gran pregunta. Mientras tú (y sólo tú) tengas acceso a tu frase secreta de recuperación de 12 palabras, podrás importarla a los monederos compatibles en cualquier momento porque los fondos de blockchain están vinculados a la frase secreta de recuperación de 12 palabras: support.exodus.com/article/1790-todo-acerca-de-tu-frase-de-recuperacion.
Para ser específicos en tu caso, si introduces tu frase secreta de recuperación de 12 palabras desde tu Cartera Fiduciaria a Exodus y pierdes tu Cartera Fiduciaria, seguirás teniendo todos tus fondos en Exodus.
Puedes recuperar tus fondos restaurando desde tu frase secreta de recuperación de 12 palabras o enviando todos tus fondos desde Exodus a través de transacciones: support.exodus.com/article/1742-como-envio-cripto-desde-exodus.
Espero que esto te ayude. Si tienes más preguntas al respecto, nos pondremos en contacto contigo lo antes posible en support[@]exodus.com. ¡Nuestros ingenieros de soporte estarán encantados de profundizar con usted de inmediato! 🤝 - BT
@@exodus muchas gracias por su pronta respuesta!!!, me preocupaba que cómo truswallet su creador es binance, depronto ocurra algo en el exchange y perjudique a la wallet trust de algún modo (no se ve que ocurra, pero mejor estar prevenido). Por eso no sabía si crear nueva billetera o enlazar a exodus la que ya tengo, pero me queda claro!! Ya mismo informo a mis conocidos para que descarguen exodus!!!! Sigan con sus mismas 12 palabras y estén tranquilos que tendrán en exodus el saldo en caso de algún problema con trust.
De nada. ¡Gracias por formar parte de la familia Exodus y por recomendarnos! 🙏
Para estar seguro, recomendamos crear una nueva frase de recuperación de 12 palabras con Exodus en algún momento. No podemos garantizar la seguridad de terceros. Para más detalles sobre nuestra seguridad, no dudes en consultar este enlace 👉 fal.cn/3uH6a.
Estamos aquí si necesitas algo más - ¡diles a tus amigos que también nos encantaría ayudarles! 🤝 - BT
If I move my USDT to a Trezor via my Exodus app,
Will that have a blockchain tail?
Hey Sam, you raise a great question. When you transfer USDT to a Trezor, you'll still be able to view your transaction on blockchain explorers like ➡️ etherscan.io/.
Does this help? We're happy to dive deeper with you at support[@]exodus.com. We'll reply ASAP. You have my word. 🙏 -BT
But with any wallet if a coin goes bankrupt your coins will still be worthless, right???
You're wise for asking this, John 🧠. You could say that 1 BTC = 1 BTC, so that applies to other assets as well. If the price of a coin plummets, then so does your holdings of that specific coin.
You will never have to worry about Exodus going extinct however because you can simply export your 12-word secret phrase into another supported wallet. You can learn more here if you wish: 🎉 support.exodus.com/article/1683-what-happens-if-exodus-goes-extinct-gasp.
We're here if you need any help! Never reveal your secret phrase to anyone though. -BT
This is a lie. BSV is down right now on exodus and you can’t send it or swap it.
Hi there! 👋 Currently, we're navigating a few bumps in the road with our BSV infrastructure. If you need any troubleshooting help, don't hesitate to reach out to us via email at support[@]exodus.com. We're more than eager to dive into this with you as soon as possible. Remember, we're here to lend a helping hand 🙏 -BT
Hey Exodus Guys, I have my criptos in Exodus mobile app but I want to transfer them to my Trezor T. Do you have any tutorial how to do it securely?
I would greatly appreciate it!!!
Way to go in keeping your assets super secure, Irving! 🔒 Here's a helpful guide on how to get the two connected quickly and safely ➡️ support.exodus.com/article/1114-getting-started-with-exodus-and-trezor#pair. Right now it's only possible to view your balance in the mobile app but Trezor is fully supported on desktop.
Rest assured, syncing your mobile wallet to desktop is easy to do ➡️ support.exodus.com/article/1481-how-do-i-sync-my-exodus-wallet-to-a-different-device#mobile-desktop.
Let me know if you have any questions or if you run into any issues. The team is here for you! 💪 -GR
Thanks!!!