What happens if Exodus goes out of business?
This is a hot box question for all of us that hold cryptocurrencies. There is a bit of information that should reinforce your belief in using the services of EXODUS WALLET for your holdings. I myself have used their services since 2021 and have not had one problem at all.
In the highly unlikely event that Exodus as a company were to shut down, you would not lose access to your crypto.
This is because Exodus is a self-custody wallet that gives you 100% control over your funds.
Exodus provides you with the software (the Exodus app) needed to transact with your assets which all exist on their respective blockchains.
If Exodus were to shut down, you could access your crypto on the blockchain by importing your 12-word secret recovery phrase or private key into another self-custodial wallet.