Exodus Wallet is a new entrant in the rising crypto economy. Its features have everyone excited and made life easier for all crypto currency traders. With a neat interface and vast display of information in an organized manner, Exodus Wallet is growing exponentially. We will take you through the service in our Exodus Wallet review and discuss its pros and cons in detail.
Some factors that make Exodus Wallet stand out are because of its versatile interface, amazing charts, and personalization options. Beyond its exciting design, it helps to speculate, exchange, and store top 11 cryptocurrencies globally.
So what is Exodus Wallet?
Exodus Wallet Review
Exodus is a very efficient desktop crypto wallet developed to provide you total control over your cryptocurrency activities.
For beginners, it is the first desktop crypto wallet that provides complete guidelines and handy features. It facilitates new investors with their crypto exchanges.
Similar to various desktop wallets, Exodus wallet also stores cryptocurrencies directly on your system and you do not have to download whole Blockchain mechanism.
Exodus wallet exists in the market for not more than 1.5 years. However, due to its user-friendly features and store capacity of large variety of cryptocurrencies, its popularity is increasing exponentially.
This crypto wallet is developed for the individuals who have basic knowledge about cryptocurrency exchange, but need a tool which can streamline all the information and help them in making an informed decision.
Therefore, Exodus wallet review contains all the features and options to control your entire cryptocurrency portfolio.
From where can Users get Exodus Wallet?
Users can access Exodus Wallet directly from their official website or download the setup directly to your system. The setup process is very simple as well, just download and install the software.
System Requirements for Exodus Wallet
Another standout feature that we include in our Exodus Wallet review is its compatibility. It is compatible with Windows (64 bit), Linux and Mac OS. This means that cryptocurrency users can use the Wallet on their preferred devices with ease.
Exodus Wallet Pros & Cons
Pros
- Ideal for beginners who are willing to invest in the crypto economy
- Customized tools and user-friendly interface
- Provide crypto exchange features for top 11 cryptocurrencies
- Featuring tutorial videos and extensive guides for download and setup
Cons
- Since it is a new entry in the market, Exodus Wallet has to build its reliability and reputation
- No two-factor authentication system
Which Cryptocurrencies Exodus Wallet can Store?
Here is a list of cryptocurrencies you can store on Exodus Wallet:
- Bitcoin (BTC)
- Litecoin (LTC)
- Ethereum (ETH)
- Dash (DASH)
- Golem (GNT)
- Augur (REP)
- Decred (DCR)
- EOS (EOS)
- Aragon (ANT)
- Gnosis (GNO)
- OmiseGo (OMG)
- Qtum (QTUM) (ERC20)
- Basic Attention Token (BAT)
- Civic (CVC)
- SALT(SALT)
- Bitcoin Cash (BCH)
- Ethereum Classic (ETC)
- FunFair (FUN)
- District0x (DNT)
Moreover, Exodus Wallet officials are also looking to support following cryptocurrencies in the future:
- 0x (ZRX)
- Bancor (BNT)
- DigixDAO (DGD),
- Factom (FCT)
- FirstBlood (1ST)
- ICONOMI (ICN)
- IOTA (MIOTA),
- Maidsafe (MAID),
- Metal (MTL)
- Monero (XMR)
- NEM (XEM)
- NEO (NEO)
- Omni (OMNI)
- Qtum Mainnet (QTUM)
- Ripple (XRP)
- Siacoin (SC)
- SingularDTV (SNGLS)
- Status (SNT)
- Storj (STORJ)
- TenX (PAY)
- Tether (USDT)
- Wings (WINGS)
- ZCash (ZEC)
Is Exodus Wallet Safe?
Exodus Wallet is 100% safe because it stores all your cryptocurrencies directly in your system. This means you have complete control over your cryptocurrency assets all the time.
To make your cryptocurrency asset more secure, it runs a backup system but never saves any key or password on its servers. The backup system helps you in case your system crashes.
If your system stops working, Exodus Wallet’s official team will provide 12-word passcode to reactivate your account safely.
Furthermore, for its users’ convenience, Exodus Wallet adds an option to restore your 12-word passcode by selecting or clicking a button on the password login page.
The only concern we face about the safety of Exodus Wallet is that it fails to offer two-factor authentication feature, which is available on other wallets.
How Can Users Add Cryptocurrency to Exodus Wallet?
The simplest way to add cryptocurrencies in your Exodus Wallet is to buy cryptocurrencies with your local currency (e.g. Pounds, Yuan, and Dollars etc.). Now you can then transfer them to your crypto wallet.
Exodus officials suggest its user’s to always exchange and buy cryptocurrencies from reknown crypto trade organizations. Following are the list of top five crypto-exchange services available globally.
How can Exodus Wallet Users Make Transactions?
The best thing about this wallet is that all your cryptocurrencies transactions can be done with your Exodus Wallet. The system charges a small fee, which you pay to the network itself and not to Exodus.
How can users send cryptocurrency funds through Exodus Wallet?
Click the “Wallet” symbol option from the left sidebar and choose the cryptocurrency you want to transfer. Now type the receipt address and Click “Send” option.
How can user receive cryptocurrency funds through Exodus Wallet?
Click “Wallet” symbol option and select the cryptocurrency you want to receive. For example, if you want to receive Ethereum, your Ethereum receipt link will automatically appear. Now copy this receipt link and give it to the person to get Ethereum payment.
FAQ’s Exodus Wallet Review
Exodus Wallet Fees
Exodus wallet fees vary based on which cryptocurrency you are using for a transaction with the help dynamic pricing model.
Like when you talk about Exodus Bitcoin, the transaction charges are 100% paid to bitcoin network to make sure transactions are prompt and timely delivered. However, Exodus doesn’t take a single penny from this fee.
On the other side, other cryptocurrencies have a different model to charge transaction fees while using Exodus Wallet. Like if you are going to make a transaction with Ethereum (cryptocurrency), then transaction or fees will be charged according to the different pricing model.
It is based on that whether you are making a transaction to a “Smart Contract” or to already generated Ethereum based token. However, it is a bit technical to understand that Exodus Wallet offers two types of transactions to its customers.
If you are choosing low fees for the Exodus Crypto exchange, it means the transaction will not be completed promptly, but it will take hours or sometimes maybe a whole day.
However, if you are not willing to pay expensive transaction fees, then Exodus Wallet is not a good choice for you, especially when you are trading only one type of cryptocurrencies such as Bitcoin, Ethereum, and much more.
Exodus Wallet is an excellent choice for those users who exchange multiple cryptocurrencies on a regular basis. And if you are the one who uses only one type of crypto, then there multi cryptocurrency wallet available in the market.
Exodus Wallet Download
You can download Exodus Wallet from their official website for Windows, Mac, and Linux.
Final Thoughts
By far, Exodus is one of the most secure and handy crypto wallets as compared to other brands available in the market. However, due to its late entry into the market, it will take time to list among the top crypto wallets.
The personalization features and supporting a large number of cryptocurrencies, Exodus Wallet is a great choice for most of the users, especially beginners.
The only thing that puts us in doubt about using Exodus Wallet is that it doesn’t provide two-factor authentication.
We hope that you would find this Exodus Wallet Review helpful and make an informed decision. If you have any confusion or want to add something, drop us a comment below.