Thank you for attending the lecture in Steemit-Crypto-Academy & doing the homework task-4.

Excellent.

This is one of the comprehensive Tutorials with Exodus as the Wallet(and Trust Wallet also for sub-part(6)) in line with the task requirement.

Exodus is really having some unique and excellent features. Nonetheless, we can any time switch to any Multichain wallet(of a different service) and entirely import the wallet into a new one using the seed key.

These wallets give you complete access to your private keys. Consequently, meaning that you have complete access to your funds.

With great power, comes great responsibility. You need to make sure that the private key/mnemonic keys are kept safe and secure, preferably offline. That key is the sole recovery method.

Suppose you use all the 115 cryptocurrencies on Exodus wallet, Backing up 115 individual private keys safely is not a viable solution. This is why these non-custodial multi-currency wallets come with a 12-24 word mnemonic seed phrase that backs up all the private keys.

You can always derive the private keys of the individual coins using the seed key. That's the beauty of a Multichain wallet.

Thank you.

Homework Task -4 successfully accomplished.
[9]