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Is exFat formatting the best choice for a 1T removable drive, both Windows and Mac?
ExFAT is recommended. It's the best choice.

Now Microsoft has provided a patch to make Windows XP support exFAT, so compatibility is very good. NTFS, on the other hand, doesn't have the feel of a mobile format.

And Macs can only read NTFS, so you have to install some software to write to NTFS, which is not as compatible as native support.

Please follow up.

For your information.