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+--- Thread: holding crypto for long term and Exodus (/showthread.php?tid=6137748)
holding crypto for long term and Exodus - BrainDD - Feb 2, 2021
Hello all im new to btc, i bought some on localbitcoins, my question is what is the best wallet to store my coins for long term storage??
Question 2: im thinking about storing them in exodus, can i use backup phrase in another software if something happened to exodus in the future?
is that possible?
RE: holding crypto for long term and Exodus - Blue Eye Samurai - Feb 2, 2021
(Feb 2, 2021 03:04 PM)BrainDD Wrote: Hello all im new to btc, i bought some on localbitcoins, my question is what is the best wallet to store my coins for long term storage??
Question 2: im thinking about storing them in exodus, can i use backup phrase in another software if something happened to exodus in the future?
is that possible?
Long Term = Hardware Wallet.
If you don't want to invest in such a cheap solution, use Exodus.
RE: holding crypto for long term and Exodus - BrainDD - Feb 3, 2021
(Feb 2, 2021 03:06 PM)The Queen's Gambit Wrote: Long Term = Hardware Wallet.
If you don't want to invest in such a cheap solution, use Exodus.
Thank you so much, about the backup codes i heard i can use them in another software is that possible?
RE: holding crypto for long term and Exodus - Blue Eye Samurai - Feb 3, 2021
(Feb 3, 2021 02:41 AM)BrainDD Wrote: Thank you so much, about the backup codes i heard i can use them in another software is that possible?
Yes, you can import and export private keys.
RE: holding crypto for long term and Exodus - BrainDD - Feb 3, 2021
thank you that explains it all
RE: holding crypto for long term and Exodus - Silence - Feb 3, 2021
Yes, Exodus is a good choice for holding crypto long term. I recently recovered some ETH which I bought 3 years ago with Exodus. Recovering was pretty smooth without a problem just make sure that you dont lose your seed phrase.