Post
Topic
Board Beginners & Help
Re: What’s the safest crypto wallet for beginners?
by
luckyspirit
on 10/07/2025, 16:05:12 UTC
Importantly dangerous, Exodus wallet is close source.
https://walletscrutiny.com/?platform=allPlatforms&page=0&query-string=exodus

That is not a good recommendation, Exodus wallet is farming data and selling it.
It's close source and it can not be reproducible from source code on user side.
Yes, this makes it very dangerous and most people that write about these topics don't understand really what this means. I would never use a closed source wallet, and there is no need for a wallet to be closed source.

There is a difference between the safest wallet and the safest wallet for beginners. Wallets that let you take custody of your coins (in other words, they are not managed by a custodian, platform or third party) are safest generally, because you have complete control. Though with great power, comes great responsibility. If you are a newbie, you will be subject to a variety of risks that custodians may prevent for you (address poisoning attacks, malware, hacks, incorrect usage or mistakes).
Yes but also if you use a custodian you are subject to new risks. How many people have lost money from exchange hacks or their exchange accounts being hacked?