Large imcoming in Exodus wallet
- Thread starter CyprusLawyer101
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First make sure the Exodus Wallet you have downloaded is in fact the real Exodus wallet and not a clone designed to steal your keys (should have been downloaded from exodus.io now exodus.com). If you are receiving coins that are not coming from an exchange there is the risk of receiving "tainted" coins - these are coins that are associated with gambling, darknet markets, mixers, and various cyber heists. If you get these coins you will have a hard time getting them onto some of the big exchanges because they all use Chainalysis/Elliptic/TRM Labs to flag this kind of thing. And moving them to another︀ address a couple times won't make a difference - they see right through that. So︁ to dispose of these coins you would have to use a p2p exchanger that charges︂ a higher fee.
Thank you for your valuable input. I︃ have the real Exodus wallet.
Any more input would be appreciated guys. I need to︄ have a clear and solid understanding of applicable risks and hurdles.
Any more input would be appreciated guys. I need to︄ have a clear and solid understanding of applicable risks and hurdles.
I am not expert....But Why do not First create paper wallet...receive money on it and than import to any wallet you want to using secret key....
This will eliminate all third party risk when you receive the money...
This will eliminate all third party risk when you receive the money...
https://paperwallet.bitcoin.com/
You can generate your own private and public key without depending on any third party...back to basics.....
Download it in local machine and Generate Wallet address offline....(disconnect your pc/laptop from any internet connection)....
You can generate your own private and public key without depending on any third party...back to basics.....
Download it in local machine and Generate Wallet address offline....(disconnect your pc/laptop from any internet connection)....
Also if the amount is large enough, may want to have them send a small amount first, make sure you get it, then have them send the full amount. Fees are pretty low (~$1-2 transaction on BTC/ETH for transfers) so might as well eliminate any chance of typos or copy pasting wrong address.
That is the wrong Bitcoin you quote. Do not use Roger Ver stuff.
Sorry to say and be so blunt but that is terrible advice.
Do not try to outsmart the best practice security-wise.
OP should try to learn to use a hardware wallet and not mess around︀ with paper wallets and e.g. mport the keys afterwards, whose process doe not increase security︁ at all. The more one tries to run own security practice and "improvements", the higher︂ the risk to mess stuff up.
You can use Exodus wallet on Desktop with a︃ hardware wallet as well.
Get a trezor or ledger.
Sorry to say and be so blunt but that is terrible advice.
Do not try to outsmart the best practice security-wise.
OP should try to learn to use a hardware wallet and not mess around︀ with paper wallets and e.g. mport the keys afterwards, whose process doe not increase security︁ at all. The more one tries to run own security practice and "improvements", the higher︂ the risk to mess stuff up.
You can use Exodus wallet on Desktop with a︃ hardware wallet as well.
Get a trezor or ledger.
Please for god's sake never use paper wallets, that's one of the worst solutions we have thought in the crypto space. I'm a developer and I even created my own wallet because I needed to manage hundreds of accounts and current wallets are not good for that and believe me a paper wallet is not what you should do, get a hardware wallet and learn to use it. Ledgers are easy to use these days and please backup your mnemonic phrase properly
If it comes from criminal activity, blacklisted address or has U.S nexus risk.
Then do not provide them your wallet address until they confirm this beforehand. Any sniff of any connection with U.S or grey area activity and just run. Extradition to U.S is not fun if things go wrong with what ever your involved with.
Then do not provide them your wallet address until they confirm this beforehand. Any sniff of any connection with U.S or grey area activity and just run. Extradition to U.S is not fun if things go wrong with what ever your involved with.
the only risk is that if the origin of the coins is not clean, that might dirt your wallet. If you are using btc, then you are reasonably safe thanks to how the btc addresses are generated by Exodus. You might however want to go through a regulated exchange, leave to the exchange to do the analysis and create a proper paper trail.
That's assuming you consider your payer trusted.
Totally different story if you know that the coins you will receive are compromised (for example, you are dealing with someone from FTX), but in this case you wouldn't be posting here, right? 😉
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Since Bitcoin cannot be tainted inherently, all the fugazi around it depends largely with who you deal with. Some entities might want to have 100 hops "clean", others only 1 or none even. There is no real definition for it.
You could also equally spray random wallets (all addresses are public) with dirty coins and hence make everything tainted etc.
Like with cash.
Not worth to stress overly over this (regardless of this source being Roger Vers side 😉
https://news.bitcoin.com/theres-no-such-thing-as-tainted-bitcoins/
You could also equally spray random wallets (all addresses are public) with dirty coins and hence make everything tainted etc.
Like with cash.
Not worth to stress overly over this (regardless of this source being Roger Vers side 😉
https://news.bitcoin.com/theres-no-such-thing-as-tainted-bitcoins/
This is an interesting distinction. Something becomes tainted at the eyes of those who want to control or impose a regime︀ on something and those who follow them; it is therefore a subjective inference.
You can equally use coinjoin. xmr is anyway tainted by default.
Or bypass this whole charade by exiting via lightning.
This just highlights the whole futile exercise this whole spying on people under the disguise of aml/kyc has become.
Or bypass this whole charade by exiting via lightning.
This just highlights the whole futile exercise this whole spying on people under the disguise of aml/kyc has become.
It seems that an exchange or an OTC / Escrow arrangement, where︁ KYC is done, provides a good risk filtering.
No, nothing dodgy here
No, nothing dodgy here
1. Make sure you receive a small amount first and then go for the big one.
2. Exodus is a safe wallet, your keys, your crypto.
Exodus is safe and Exodus will not freeze your coins, however, depending on where the coins are coming from and how long they stay in your wallet they might be marked by a 3rd party. Act fast.
2. Exodus is a safe wallet, your keys, your crypto.
Exodus is safe and Exodus will not freeze your coins, however, depending on where the coins are coming from and how long they stay in your wallet they might be marked by a 3rd party. Act fast.
Have been using Exodus wallet for many years and I must say that so far I have never had a single issue also not to receive 600K euro worth in BTC in the wallet. The coins stayed there for a year or so.
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