If White knows what he is doing, he can easily obtain a safe edge, as follows:
The Bishop capture is safer than the Knight capture and less taxing to play, for White.
Traxler Gambit
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What if white just retreats his king to the backrown after Nxe4+ instead of bringing it out to e3?
Of course, there are many ways to play against the Traxler. Here's one I played a few years ago:
The Traxler is a very dangerous opening and is a wonderful opening to play, especially in rapid tournaments.