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Your questions about cryptocurrency answered

Wallet on multiple computers

Wallet on multiple computers

There is no limit to the number of mobile and desktop devices you can access your wallet from, however each will use a separate PIN (unless you intentionally set them to be the same). To use your wallet on an additional device, simply restore your wallet on that device using your recovery phrase backup.

Can you have the same wallet on 2 devices?

Yes, it’s possible to run your wallet on multiple devices as long as each app is on the latest version.

Can I have my Daedalus wallet on 2 computers?

Yes. The only file you need to worry about is wallet. dat (location dependent on operating system). If you copy that one file to another computer (or to a secure backup), you will have access to your money and address book.

How do I access my exodus wallet from another computer?

a) Open your funded Exodus wallet on your mobile device, tap the M enu icon, then b) tap Settings. Tap Sync Devices. Tap on the option Computer. Enter your wallet’s password then you will see a QR code on the screen.

What is a multi asset wallet?

A multi-coin wallet, also known as a multi-chain wallet, allows users to keep more than one crypto asset belonging to multiple blockchain networks.

Can I login my blockchain on two devices?

There is no limit to the number of mobile and desktop devices you can access your wallet from, however each will use a separate PIN (unless you intentionally set them to be the same). To use your wallet on an additional device, simply restore your wallet on that device using your recovery phrase backup.

Is Daedalus a hot wallet?

A cold wallet is not connected to the internet, like a paper wallet. Daedalus can create such paper wallets. On the other hand, a hot wallet is connected to the Internet, i.e. any software wallet such as Daedalus or Yoroi. Hardware wallets are special types of cold wallets.

What happens if exodus wallet goes out of business?

Even if Exodus as a company were to shut down, you’d still be able to open your Exodus wallet since it runs locally on your device. However, the wallet wouldn’t have full functionality – the in-built exchange feature would cease to work, and you might not be able to send certain assets with our servers down.

How do I synchronize my wallet?

Quote from video: Phone there your locating your backup file that you've downloaded on your phone. And you input your password that you're using for your backup. And that's it easy as 1-2-3.

Can exodus wallet be hacked?

Cons: Easily Hacked – The Exodus software wallets can be easily hacked, and most users may lose funds if the device gets attacked by keyloggers or malware. Lacks Important Security Support – It does not include necessary security features like multi-signature support or two-factor authentication.

What is the best multi chain wallet?

List of Best Multi-Cryptocurrency Wallets in 2022

  • Exodus. A free desktop wallet featured with an intuitive interface, Exodus is an appealing platform to many beginner traders. …
  • Coinomi. …
  • Ledger Nano S. …
  • Trezor. …
  • StormGain. …
  • Coinbase. …
  • Binance.

Is there a multi crypto wallet?

Enjoy Multi Crypto Wallet on any platform

Crypto Wallet is a cross-platform app available for iPhone, Android mobile phones and desktop devices on Mac, Windows and Linux. Manage your coins on iOS, Android and the web or use our multi wallet application on all platforms simultaneously.

How does a MultiSig wallet work?

A MultiSig wallet is a digital wallet that operates with multisignature addresses. This means that it requires more than one private key to sign and authorize a crypto transaction or, in some cases, that several different keys can be used to generate a signature.

Is exodus safer than Coinbase?

The Exodus Wallet is safer than the Coinbase web wallet because the user holds their private keys and maintains complete control over their assets. On the other hand, Coinbase’s wallet is a custodial wallet, and they manage your private keys.

Is exodus safer than Binance?

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.

What is the safest crypto wallet?

Our Top Picks for the Best Crypto Wallets of July 2022

  • Coinbase Wallet – Best for beginners.
  • Electrum – Best for Bitcoin.
  • Mycelium – Best for mobile.
  • Ledger Nano X – Best for offline crypto wallet.
  • Exodus – Best for desktop.
  • MetaMask – Best for Ethereum.
  • Crypto.com – Best deFi wallet.

Which is better exodus wallet or trust wallet?

Exodus Wallet vs Trust Wallet: Compatible Cryptocurrencies Comparision. Exodus is compatible with over 100 cryptocurrencies and tokens, including: Trust wallet provides access to 160K+ Assets and Blockchain with all most all the countries in the world.

Is exodus wallet still safe?

Exodus, being a software wallet, is only as secure as the device it’s installed on and your security practices, and that’s what we are addressing in this article. But still, even after Tier 4, you’ll only be 99.9% protected, because no device can ever reach 100%.

Does exodus wallet report to IRS?

Quote from video: Похожие запросы

What happens to my exodus wallet if I lost my phone?

What does your wallet’s backup do? In case something happens to your computer or phone (you lose it, it breaks, etc.), your wallet’s 12-word secret recovery phrase allows you to restore your wallet on another device. For this reason, only you should ever have access to your backup.

How do I use exodus wallet on desktop?

Quote from video: If you're restoring from a backup you'll be prompted to enter your secret recovery phrase which is the 12 words that you're provided with for your wallet.

How do I log into exodus desktop?

Quote from video: Simply click it open now in order to log into your account you'll need to type in your password for your exodus. Make sure to type in a valid password. In order to double check your password.

How do I transfer my bitcoin wallet to another computer?

Copy the wallet. dat onto another machine, put it in the appropriate folder and either sync your Bitcoin from the Genesis Block with the network, or run it with -rescan option.

Can I access my crypto wallet from anywhere?

Do I Need a Wallet for Cryptocurrency? Yes. You cannot access your cryptocurrency without your private keys and an interface that accesses a blockchain. All wallets can store keys, but only hot wallets can access the blockchain, so it’s important to keep your keys off your hot wallet until you need them.

Can I backup my crypto wallet?

You can back up this crypto wallet file by copying the master key to a text file and backing it up to a separate device. Alternatively, you can create a unique QR code to store your master key and then print it, making it a form of physical backup (which we’ll discuss next).

How do I export my bitcoin wallet?

In the wallet you want to export, click “wallet” to open a dropdown menu, choose “private keys” and then select “export.” Choose where you want to save your private keys and click “export.”

How do I get a private key for my wallet?

You can pick your private keys randomly using just a coin, pencil, and paper: toss a coin 256 times and you have the binary digits of a random private key you can use in a bitcoin wallet. The public key can then be generated from the private key.

What happens if your cold storage wallet breaks?

If your hardware wallet is lost or damaged, as long as your recovery seed is intact, it is all good. You will just need a new hardware wallet or a compatible software wallet/app to access your coins.

How do I access my BTC wallet with a private key?

Quote from video: Here we are in the exodus mobile app tap bitcoin to enter the bitcoin wallet and tap the gear icon in the top right corner.

Can you access wallet with only private key?

You just need some software that can accept a private key. Note that in some cases, you may have to create a new wallet, and then import the private key to it— there may not be an option to create a new wallet by importing the private key alone.

What happens when you import a wallet?

Sweep and Import are ways of transferring a private key onto a software wallet. Import keeps the Bitcoins on the original private key, while Sweep sends the Bitcoins to a whole new private key connected to the software wallet.

What a Bitcoin private key looks like?

In Bitcoin and many other cryptocurrencies, a private key is a 256-bit number, however, this is not the format that it is displayed in. The 256-bit number is represented in hexadecimal- a simpler form. In the early days of Bitcoin you would have one private key that was associated with one public key and one address.

What is a hot wallet?

A hot wallet is a wallet that is always connected to the internet; they allow you to store, send, and receive tokens. Hot wallets are linked with public and private keys that help facilitate transactions and act as security measures.

Can Bitcoin private keys be hacked?

Because private keys are stored in application and device wallets, hackers can access them and steal your cryptocurrency.