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That's odd that the direct version worked, but not via the online installer. Unfortunately, I don't think Chromium will continue to support Windows 7 for very long, so you'll likely have to use an older version of Epic as long as you use Win 7. It's possible to use Epic via WINE on Linux btw.
Correct, that the direct installation process misses automatic updates. So every few months you can manually update Epic -- but keep the older versions in case any new version doesn't open then you can install an older version which does work on Win 7.
Also, periodically back up bookmarks & passwords just to be safe.
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