What platform does exodus use
Both Coinbase and Exodus offer mobile apps, but Coinbase also functions on a web browser. Exodus users must download a desktop or mobile app to access the service. Its apps and wallets work on Android and iOS devices. The Exodus desktop app also works on Linux, Windows, and Mac computers.
Is Exodus safe from hackers
Exodus is very safe. Exodus was never hacked and is a closed source, meaning that nobody can inspect their code. However, unlike Coinbase or Kraken, or most of the other crypto exchanges, Exodus users have complete control over their assets. …
How private is Exodus wallet
Exodus does not have any access to the funds stored in your wallet. You are completely in control over your funds, your 12-word secret recovery phrase, and your private keys. You can encrypt this data with a password, only known to you, to keep this information private and secure.
Is Exodus a platform
Exodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds.
What kind of network is Exodus wallet
Your Exodus wallet is capable of receiving any token on the Ethereum, Solana, BNB Smart Chain, Polygon, Avalanche, and Fantom networks. If you have sent a token to your Exodus wallet on one of these networks, you can access it by adding it as a custom token.
Does Exodus wallet report to IRS
Like most wallets, Exodus does not report your transactions to the IRS and is not required to do so. However, it's important to understand that your crypto transactions are always subject to capital gains and income tax.
Has Exodus wallet been hacked
To date, Exodus wallet itself has not been hacked, but the platform takes additional steps to protect your digital assets. For example, the company cannot access your personal crypto or your wallet.
Can exodus wallet be traced
Yes, Bitcoin can be traced. All transactions on the Bitcoin blockchain are public, and anyone can review them. However, you can only trace the Bitcoin wallet that the transaction stems from, not the person who owns the wallet.
Is Exodus wallet legal in US
Yes. Exodus will respond to valid law enforcement agency requests. Exodus reviews each law enforcement request to determine that it has valid legal basis and that any response is tailored to provide the data requested.
What kind of network is exodus wallet
Your Exodus wallet is capable of receiving any token on the Ethereum, Solana, BNB Smart Chain, Polygon, Avalanche, and Fantom networks. If you have sent a token to your Exodus wallet on one of these networks, you can access it by adding it as a custom token.
Does Exodus wallet work in USA
You can buy crypto in Exodus using Sardine in over 80 countries and most of the US. With Sardine, you can complete your purchase using a debit card (US, and international) or bank transfer (US only).
Can the IRS see my crypto wallet
Yes, the IRS can track cryptocurrency, including Bitcoin, Ether and a huge variety of other cryptocurrencies. The IRS does this by collecting KYC data from centralized exchanges.
Is Exodus wallet available in USA
You can buy crypto in Exodus using Sardine in over 80 countries and most of the US. With Sardine, you can complete your purchase using a debit card (US, and international) or bank transfer (US only).
What happens if I lose my phone with Exodus wallet
What should I do if my device was lost or stolen If your device has been lost or stolen, then we also encourage you to change your secret recovery phrase by creating a new wallet. This way, your funds will be in a new wallet with new addresses.
Does Exodus report to IRS
Like most wallets, Exodus does not report your transactions to the IRS and is not required to do so. However, it's important to understand that your crypto transactions are always subject to capital gains and income tax.
What network is Exodus wallet
Your Exodus wallet is capable of receiving any token on the Ethereum, Solana, BNB Smart Chain, Polygon, Avalanche, and Fantom networks. If you have sent a token to your Exodus wallet on one of these networks, you can access it by adding it as a custom token.
How does IRS know if I sold crypto
Yes, the IRS can track crypto as the agency has ordered crypto exchanges and trading platforms to report tax forms such as 1099-B and 1099-K to them. Also, in recent years, several exchanges have received several subpoenas directing them to reveal some of the user accounts.
Can I withdraw USD from Exodus
How do I withdraw USD to my bank account In Portfolio click on Transfer Funds. a) In From, select tZERO and b) in To, select your bank account. c) In Amount, select the amount in USD you would like to send, and d) click on Review Transfer.
Can USA use Exodus wallet
If you're a US customer, you can buy crypto in Exodus using Sardine. Sardine is available in Exodus Web3 Wallet and Mobile, throughout most of the US.
Can the IRS track crypto wallets
Major exchanges that operate within the United States are required by law to collect this information due to Know Your Customer (KYC) regulations. The IRS can and has requested these records from exchanges. In the past, the IRS has issued John Doe Summons to exchanges like Coinbase and Kraken.
Can I transfer from my Exodus wallet to my bank account
Exodus offers several options for sending funds, including bank transfers and wire transfers. You can also use cryptocurrency exchanges or third-party payment providers. 1. Open your Exodus Web3 Wallet and a) click on the Wallet icon, then b) click Send.
What happens if Exodus wallet goes out of business
If we go out of business you will still have access to your coins because you control the private keys for your wallet that lives on your computer. In the scenario of no more Exodus, you would simply need to start another wallet with another company by using your 12 word secret phrase to restore all your balances.
How do you get money out of Exodus
In Exodus Web3 Wallet, click the Buy & Sell icon. a) Click Sell. b) Select the crypto you want to sell, the fiat currency you want to receive, and enter the amount you wish to sell. When you are ready, c) click Sell.
Do you need ID for Exodus
Exodus wallet users remain anonymous as no identification information is required of them. Their personal data and private keys remain private, unlike many online cryptocurrency wallets.
How do I get my money out of Exodus
How do I withdraw USD to my bank account In Portfolio click on Transfer Funds. a) In From, select tZERO and b) in To, select your bank account. c) In Amount, select the amount in USD you would like to send, and d) click on Review Transfer.
