What is OmiseGO & How To Set up Exodus Wallet for OmiseGO
OmiseGo is a company whose aim is to make the spending of digital currency very easy and quick.
OmiseGo is built and connected to Ethereum mainnet . Omisego is supported by the creator of Ethereum himself Vitalik Buterin, Joseph Poon (co-author of lightning network) and Roger Ver (CEO of bitcoin.com) etc :these guys are advisors to OmiseGo.
With OmiseGo you can go to a coffee shop, a restaurant or hotel and pay for the services you receive with any currency from OmiseGo SDK wallet, instead of logging into one wallet or the other to pay with cryptocurrency, you can spend any cryptocurrency from one wallet (OmiseGo SDK ) .
currently the SDK wallet for OMG (omisego) is not yet out , so the best place to store this coin right now is definitely not on exchanges but in a wallet that you have acces to your private keys and i will recommend EXODUS WALLET
What is exodus wallet ?
Exodus is a desktop multi wallet that can be used to store bitcoin,ethereum, argur ,decreed, eos ,salt, litecoin,Banccor BAt, 0x,Civic Dash, Decreed, eos,egdeless, bat ,litecoin omg etc
Exodus is also integrated with shapeshift: a platform that helps you change one crypto to another without the need of an exchange like bittrext or binance.
Exodus security
On Exodus, your funds are kept secured because you have your private keys, not Exodus.
your assets on exodus are stored on your computer , you don't need to trust a third-party for the safety of your assets.
Your password on exodus cannot be recovered , so do well to use password you can easily remember after backing up your account.
Transaction fees on Exodus
exodus is free to use wallet , but each cryptocurrecy network on exodus has their own fee which of course will be shown on exodus. exodus has no additional fees for their services.
Requirements for using Exodus wallet
exodus wallets runs on windows 64bit and MacOS so all you need is;
- A good laptop
- Good internet
- Good antivirus
Difficulty:
This tutorial is considered to be intermediate and easy for anyone to read/watch and understand. just read the write up and watch the video and your wallet will be up in no time.
Video Tutorial
In this Video tutorial i did a little calculation explaining how much gain you would have made if only you invested just $100 into buying omisego last year (2017), according to my calculations, $100 into omisego would have given you well over $3000 by bow, if and only if you didn't sell off.
i also gave a run down on how to use exodus wallet and where to buy omisego
Click here to buy omisego from binance
thanks for reading
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Not sure we understand Omisego. It doesn't have its own wallet, but is easier to pay with than other cryptos bc it has a wallet SDK??
What makes it better than Raiblocks?
Why doesn't Shapeshift or Exodus accept Steem?
Been hearing about exodus wallet for a while, blockchain has this discouraging thing of inflated transaction fees, I'll give it a try. Many thanks!
Just give it a trial
Very informative.. Keep up the good work
sure i will
Great one boss
Good evening steemian sam,
Does it mean that without these requirements : A good laptop,
Good internet,
Good antivirus one can't use exodus wallet?
Well, yes until I see something new
Thanks for this useful and valuable information.
I will open account with the wallet to see how it really works.
Thanks
OK, do and give me your feedback
Wao
Exodus?
Ahma try this out
Cheers!
ok dear, remember to back up
Your contribution cannot be approved because it does not follow the Utopian Rules.
RULE
Video Tutorials may only be about the technical aspects of the project or how-tos for the final users.
Your Contribution Is Not Technical
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[utopian-moderator]
In the tutorial I explained how to deposit, how to withdraw and on exodus, how to know where to backup
Hello @samstickkz , Your tutorial on how to deposit, withdraw and backup is not technical.
Those processes can easily be found on the web.
OK noted. Thanks anyways
Welcome. you should check Utopian Rules.
Paying with crypto in a coffee shop or any place is good but the fact that the exodus password is non retrivable is kind of a limitation
steemit password cannot be retrieved too, so you will have to get used to backing up things
I tried installing Exodus on my system once buh it wasn't compatible (32bit)...
Thanks for sharing this info.
OK 64bit
Mine is 32
Mine is 32