No I am not writing an article about this. I am genuinely asking my fellow Steemians to weigh in. I would like to create a desktop wallet and I've heard great things about both of these. From what I understand Electrum can be pointed to a private node (which I'll just say up front I wouldn't know how to do anyway. Do I even have a node?) so that transactions won't be traced back to you via ip address whereas Exodus cannot.
What other differences are there? Anyone highly recommend one and not the other? What about a third option?
Is it crazy to use desktop wallets instead of cold wallets?
Thanks for listening!
I'm interested to see the responses as well. I just switched from Electrum to Exodus because Exodus is a Multi-Coin wallet which currently holds up to about 12 different coins. You can also seamless trade between coins (something I like). That's about all I know so far. Looking forward to the responses.
Wow, those already sound like winning points for Exodus. That is what I want as well.
Oh well it doesn't look like anyone is going to answer...but from what you said I am leaning towards Exodus.
Exodus looks great, but I heard Exodus is closed source. That is a negative.
Not sure what that means. I have one of each of these wallets now, but I've mostly been using Exodus.
What's a closed source?
It is the opposite of open source. In other words; the source code is not open for anyone to see. Only the developers of the software have access to the source code. With open source, anyone can view the code, and then verify that the software does what the developers claim.
I just read this post (I reached it since I had the same doubt), but since Exodus is not 100% open source AFAIK, the choice for me at least is clear: Electrum.
If you wonder what open source is: In simple and practical terms, It's the availability that anyone can read the code, so there's 100% transparency and therefore you can be completely sure that no weird behavior is hidden from you.