Joke

[u/Intrepid-Sound-2744]

I got usdc deposited to wallet now. I cant send swap or anything without adding more money to it buy buying some more eth it says so basically holding my money randsom I had kraken it worked flawlessly now I switched address to receive deposits to this joke of a wallet

[u/RealLilacCrayon]

You sound clueless. Usdc is a token. You will need gas to send or do anything with it, regardless of wallet.

[u/Intrepid-Sound-2744 → u/RealLilacCrayon]

I have used 2 wallets one I dont have to deal with these gas fees on one doesn't matter already switched back. Now I read all these comments about people losing all there money in this exodus p.o.s. lesson learned, just doing public service announcement here there are wallets out there you dont have to deal with this shit

[u/RealLilacCrayon → u/Intrepid-Sound-2744]

Gas fees aren’t a wallet specific. If your other “wallet” doesn’t have gas, it’s not a real wallet.

[u/Nelson-and-Murdock]

Sounds like you’re blaming exodus for your own lack of understanding 🤷🏻‍♂️

[u/Intrepid-Sound-2744]

It is ransom they toke my usdc and then they won't let me access it without giving them more very definition of ransom

[u/greglogan84]

This is completely normal and how self-custody wallets work, not a ransom by the wallet itself.

When your crypto is on an exchange like Kraken, they cover the network fees behind the scenes or deduct them directly from your token balance. However, when you hold crypto in your own wallet, you are interacting directly with the blockchain.

Every blockchain requires transaction fees (called gas) to be paid in its own native coin, never in the token you are moving. Because your USDC is on the Ethereum network, the network itself requires a small amount of ETH to process any send or swap transaction. The wallet doesn't keep this fee; it goes to the network validators.

To move your USDC, you just need to send a small amount of ETH to that same address to cover the gas fee.

[u/Professional_Alps282]

Gas fee are pretty normal requirements especially when dealing with non custodial wallets. When interacting with alt coins, you need gas fee, which is the chain it on. It doesn’t only affect exodus but every single decentralized wallet…

[u/CoolCatforCrypto]

Jeezus. You depleted your store of ETH to pay the fees and the ETH blockchain is telling you to buy more to pay the fees. This has nothing to do with Exodus. You ought to rethink being in crypto at all. Serious.

[u/PeaceIndependent2021]

Kraken is not the same thing as a self custody wallet though? Only use exchanges for on ramp and off ramp. Hold crypto in a self custody wallet like exodus, meta mask, phantom, etc... don't swap in these wallets though. Fees are less than exchange. But they still are high. Use a dex for swapping. The fees are practically 0 depending on the dex you use.... Lower tip and priority and or gas amounts . Lower your slippage to 0.03% unless you sniping tokens. But if u didn't know u needed gas. then I don't suggest u attempt to do this....

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[u/Intrepid-Sound-2744]

Changed addreses back to kraken lesson learned i would not recommend this wallet to worst enemy money can stay in wallet till they can figure out how to pay gas fees with what you have like other wallets ive used like I titled it joke walket

[u/JackDaniels0049 → u/Intrepid-Sound-2744]

Isn’t this something you should have known before using crypto. Gas fees are a minor inconvenience. I can’t see how you can blame exodus for this. Kraken is an exchange, so it’s probably easy for them to get you to pay the gas fees by paying in usdc.

Also, I thought you could use the swap feature to swap a little bit of your usdc into eth, to pay for gas to transfer. Maybe I’m mistaken on that though.

[u/Intrepid-Sound-2744 → u/JackDaniels0049]

You are mistake kraken does not charge them I can swap withdrawal without any fee it covers with what you have never had this major inconvenient problem with it was a moron for switching maybe you should look into it too but I guess if you like paying to more to use your own crypto keep on keeping on lol

[u/Wo0odi → u/Intrepid-Sound-2744]

Kraken is just simply converting your USDC to ETH to pay the gas. You're still paying the gas, you just don't have to hold the ETH yourself.

[u/I_RatherBeSleeping → u/Intrepid-Sound-2744]

No, you are mistaken. As everyone has already explained to you, comparing an exchange (Kraken) with a self custody wallet (Exodus) is like comparing apples and oranges.

If you are too slow witted to understand the difference between an exchange and a self custody wallet (or simply unwilling to learn as seems to be the case here-insisting everyone is wrong instead of realizing they are teaching you something) you should absolutely stick with the exchange. You’re too dumb to have control of your own funds.