What is Exodus Cryptocurrency Wallet (Full Review)

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An Easy-to-Use, Multi-Asset Wallet For Desktop, Mobile, and Hardware Devices

Exodus, our top pick for beginners, is a straightforward and easy-to-use crypto wallet, enabling access to over 150 assets. While the wallet’s wide range of features make it a viable option for anyone, it’s especially suited for crypto investors.

Pros & Cons

Pros

  • Easy-to-use interface
  • Supports over 150 cryptocurrencies
  • Seamless linkage to exchanges and decentralized finance (Defi)

Cons

  • Lack of custom network fees for altcoins

KEY TAKEAWAYS

COMPANY OVERVIEW

Exodus become based in 2015 via way of means of Daniel Castagnoli and JP Richardson, the pockets has applied over two hundred product updates on account that launch. On average, Exodus releases a brand new software program replace each weeks, and presently helps belongings at the Ethereum, Algorand, Solana, Polygon, and Binance chains.

In addition to being a multi-asset pockets, Exodus enables operations on a couple of structures with computer, mobile, and hardware pockets options. Mobile capability is to be had on each Android and iOS, whilst its computer providing works on Windows, Linux and Mac. In addition to the present integrated trade, Exodus these days delivered FTX integration that lets in customers to trade one asset for every other in the platform. This lets in customers to view their FTX stability along their Exodus stability, and lets in them to ship belongings to and from every platform. Users can both hyperlink their current FTX account, or create a brand new one. It have to be mentioned that Exodus absolutely states that customers might also additionally revel in better prices the usage of their trade feature. It have to additionally be mentioned that those prices could be absolutely disclosed earlier than the transaction is completed. In the cutting-edge model of Exodus, customers are capable of set custom prices unique to Bitcoin and Ethereum transactions.

To supply customers complete manipulate over their belongings and personal keys, Exodus acts as a non-custodial pockets via way of means of encrypting their information locally on their very own devices. Registration and/or disclosure of consumer non-public statistics isn’t required, and it have to be mentioned that Exodus makes use of simplified charge verification, because of this that they do now no longer down load complete blockchains to verify payments. Instead, Exodus makes use of a sequence of servers to tune and confirm customers’ balances. Two-element authorization (2FA) isn’t presently supported via way of means of Exodus, and because of the shape of the service, Exodus has made it clean that 2FA integration is not going to ever be applied. Exodus’ method to assuaging this is thru compatibility with Trezor’s hardware wallets. Exodus is appropriate for brand spanking new and skilled crypto investors, specially the ones seeking out a big selection of virtual assets, and is to be had for computer, mobile, and hardware platforms.