Exodus Wallet: Profit, Safety, and Comfort

Exodus

Exodus wallet for cryptocurrencies is among the most popular ones. Special attention is to be paid to the exodus app being extremely convenient and user-friendly. Read out an exclusive exodus.io review by Crypto-Auditor based on the strictest testing criteria.

More details about Exodus
Our rating 5 Users rating: based on 53 user reviews
Customer Support 24/7 Cryptocurrencies Variety 130+
Deposits Yes Private Key Access Yes
Author & Guarantor: Anton Yurchenko
Author's Social Media:
Exodus
Exodus Wallet: Profit, Safety, and Comfort
Our rating 7.6 Users rating: based on 53 user reviews
Customer Support 24/7 Cryptocurrencies Variety 130+
Deposits Yes Private Key Access Yes
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Exodus Details

Website https://www.exodus.io/
Wallet type/category Desktop, mobile
Private key access Yes
Bonuses No
Deposits Yes (Percentage varies)
Cryptocurrencies number 130+
Currencies available Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Tron (TRX), Bitcoin Cash (BCHABC), Dash (DASH), Binance Coin (BNB), Ethereum Classic (ETC), EOS (EOS), Zcash (ZEC), Bitcoin SV (BSV), Bitcoin Gold (BTG), Ripple (XRP)

Lisk (LSK), Loom (LOOM), 0x (ZRX), Waves (WAVES)

Aeron (ARN), AirSwap (AST), Appcoins (APPC), Aragon (ANT), Ark (ARK), Augur (REP), Bancor (BNT), Basic Attention Token (BAT), Bread (BRD), ChainLink (LINK), Cindicator (CND), Civic (CVC),

Crypto.com (MCO), Decentraland (MANA), Decred (DCR), DigiByte (DGB), DigixDAO (DGD), District0x (DNT), Edgeless (EDG), Ethos (ETHOS), FunFair (FUN), Genesis Vision (GVT), Gnosis (GNO), Golem (GNT), IExec RLC (RLC), Kyber Network (KNC), Loopring (LRC), Lunyr (LUN), Maker (MKR), Matchpool (GUP), Metal (MTL), Mithril (MITH), Neo (NEO), Numeraire (NMR), OmiseGo (OMG), Paxos (PAX), Po.et (POE), Polymath Network (POLY), Populous (PPT), Power Ledger (POWR), Quantstamp (QSP), Raider (RDN), Request (REQ), Ripio (RCN), SingularDTV (SNGLS), Status (SNT), Stellar Lumens (XLM), Storj (STORJ), Storm (STORM), TenX (PAY),

TrueUSD (TUSD), USD Coin (USDC), Viberate (VIB),

Wings (WINGS), Gemini Dollar (GUSD), Qtum (QTUM), AdToken (ADT), Amber (AMB), Dai (DAI),

Dent (DENT), Dentacoin (DCN), Dragonchain (DRGN), FirstBlood (1ST), Iconomi (ICN), Kin (KIN), Kucoin (KCS), MediShares (MDS), Melonport (MLN),

Pillr (PLR), Qash (QASH), Revain (R), Rivetz (RVT), Salt (SALT), Santiment (SAN), TAAS (TAAS), Tether (USDT), Time New Bank (TNB), Veritaseum (VERI), Waltonchain (WTC), Wax (WAX), WeTrust (TRST)

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Platforms supported Linux, Windows, Mac OS
Storage type Hot
App iOs, Android
Customer Support Yes 24/7
Fees Variable
Buy and sell Yes
Debit card No
Fiat No

2021 Exodus Wallet Review

Exodus is a multi-cryptocurrency wallet. This wallet’s peculiarity lies in its “subtlety” and desktop. Subtlety means that you download a small size program file (about 80 MB), which is synchronized via the Internet with the rest of the blockchain.

Exodus Exchange

Exodus wallet possesses plenty of very useful features. One of them is an internal conversion feature or a cryptocurrency exchange feature within the wallet.

The process of exchanging funds is very simple. On the left, the original coin and its amount are exhibited and selected. On the right, there’s the currency that the user wants to receive. The final amount of coins at the output is calculated automatically (minus the fee/commission) and depends on the exchange rate.

Exodus Wallet Fees

The exchange function has one small drawback: the commission charged by the resource itself. It is how the Exodus wallet is monetized.

But you won’t get surprised by the fees/commissions, for they are everywhere, and you have to pay them for everything.

Design

The Exodus Wallet design is its distinguishing feature, but it can also be changed through the setup menu section. Wallet owners can customize their view and, for example, determine the colors or background images themselves.

Is Exodus Wallet Safe

One of the main features of Exodus is encrypted storage of private keys from users’ wallets directly on a personal computer. The developers claim that they are not able to access clients’ funds, despite the presence of a backup system that allows you to restore the wallet remotely on another computer.

In addition, the three-year history of Exodus existence without incidents of hacking speaks of its high level of security. But this is the main quality that most users need, who choose a reliable option for storing cryptocurrency assets and are ready to pay slightly inflated fees for their fast transfer.

There are practically no negative reviews about the wallet. Basically, problems arise for those users who do not understand well the work of cryptocurrencies and blockchain, reproaching the Exodus wallet for this and leaving negative reviews.

Regulation

Since the Exodus Wallet is just a platform, supervisory authorities have no legal basis for regulation. For this reason, for example, there is no licensing by Cypriot or British financial supervisory authorities.

So, how safe is Exodus wallet? Its safety level would be medium, as Crypto-Auditor.com tests.

Pros and Cons

Comparing the wallet’s advantages and downsides is crucial to determine the Exodus ratings. Take a look at the essential points below.

Advantages

Exodus possesses many advantages that you should pay attention to when choosing a universal cryptocurrency wallet:

  • Intuitive and user-friendly interface that allows you to perform operations with cryptocurrencies, even for those who are new to this field.
  • Support for almost a hundred different cryptoassets eliminates the need to use many wallets sharpened for individual coins.
  • Trouble-free operation of the application
  • Reliable protection of stored cryptoassets (in the entire history of the existence of the wallet, there was not a single hack).

Along with these, there are even more positive and strong points about the wallet, namely:

  • Fast execution of transactions
  • Built-in crypto exchanger
  • Convenient portfolio
  • Regular expansion of the list of supported cryptocurrencies and the addition of new functionality
  • The developers are constantly working to improve the application, as evidenced by frequent updates (several times a month)
  • Responsive technical support that promptly resolves the difficulties faced by Exodus users.

We’re sure that it’ll be pretty complicated to find any other similar wallet having so many steeping perks!

Downsides

The disadvantages of the Exodus project are significantly fewer than the advantages. We can only highlight:

  • The lack of a 2-factor authentication function considered a norm in the crypto community to ensure the Exodus wallet safe usage
  • The impossibility of manually setting commissions for transactions, since the wallet calculates them automatically, taking into account the network bandwidth, in order to ensure a high speed of funds transfer
  • Closed source code of the application (considered by some as proof of the developers’ bad faith)
  • The inability to change the interface language.

In fact, the last listed points can hardly be called disadvantages. These are rather nuances that deliver only minor inconveniences to individual users, which are more than offset by the numerous advantages of the wallet.

Exodus App Review

More than 130 cryptocurrencies are available in the Exodus app. When withdrawing and replenishing an account, the program doesn’t charge any fee. Therefore, it is beneficial to open a bitcoin wallet and store other coins on Exodus.

When registering, you do not need to enter personal data. To start using the wallet, you just need to install the program on your computer or phone. To activate your account, you will need to transfer any amount of cryptocurrency to the assigned address.

Exodus app does not have a service for purchasing digital assets for fiat, so to get started, you need to buy cryptocurrency on another platform.

What Coins Does Exodus Support?

Exodus is a multi-currency wallet supporting over 130 crypto assets. Thus, the Exodus wallet coins include:

  • Bitcoin
  • Litecoin
  • Ethereum
  • Dash
  • EOS
  • Bitcoin Cash (BCH)
  • Ethereum Classic (ETC)
  • Zcash (ZEC), etc.

Also, there are many popular ERC-20 tokens like

  • Decred (DCR)
  • Augur (REP)
  • Bancor (BNT)
  • 0x (ZRX)
  • OmiseGo (OMG), etc.).

It is one of the most famous multi-currency wallets in the crypto community of the light type, i.e. it doesn’t require a full download of the blockchain.

Exodus Bitcoin Wallet

Literally, BTC wallet by Exodus is among the most popular ones—evidently, because of the crypto coin named.

Similarly to all of the other coins stored at Exodus, to make a transaction, you’ll have to pay a fee.

Besides, if you decide to make a deposit, the interest percentage is the most profitable compared to the other crypto coins available from the wallet.

Better than Exodus

If you’re not satisfied with Exodus wallet, feel absolutely free to consider some alternatives that may be considered better.

Blockchain.info

The Blockchain.info wallet was created by experts from the crypto company of the same name. It is available in browser and mobile versions. There are two types of wallets available in the system: for storing digital assets and for working on an exchange—one of the Blockchain.info projects.

Blockchain.info does not charge any fees for cryptocurrency transactions. According to the project website, when making a transaction, only the network collection of a digital asset is withheld from the user. Thus, Blockchain.info can be considered as a Bitcoin wallet with no fees.

StormGain

The multi currency crypto wallet StormGain is integrated into the exchange of the same name and supports a wide range of operations: sending, receiving, exchanging and buying cryptocurrencies with a bank card.

The StormGain wallet is one of the most lucrative options out there because it contains several advantages:

  • The first advantage of the project is the presence of a valid bonus system. When registering using the link, each user receives 25 USDT to replenish the deposit
  • The second advantage of StormGain is anonymity when working with digital assets. Due to the threat of total control over cryptocurrencies, confidential transactions are especially relevant
  • The third advantage of StormGain is easy registration via email. It will be easy for novice cryptocurrency owners to understand the platform thanks to intuitive navigation and prompts.

Coinomi

Coinomi’s multi-currency crypto wallet allows you to work with a large number of digital assets, including

  • Bitcoin
  • Ethereum
  • XRP and others.

The wallet runs on Android, IOS and a number of computer operating systems.

To get started, you need to select the cryptocurrencies of interest and agree to the terms of work in the application. After this registration procedure, the user can buy cryptocurrency by paying for the order with a credit or debit card.

How to Use Exodus

Exodus is a reliable and convenient multicurrency wallet that boasts a wide range of functionality. Crypto-Auditor.com will showcase all the stages to run the wallet within this crypto app review.

Wallet Registration

We’ll tell you more about Exodus, how to use the wallet after you have downloaded the required version from the official website of the developers. No registration is required to run the program. Just install the crypto wallet on your PC hard drive, smartphone or tablet and you can send currencies to Exodus.

But after all, you may say you need to create a password and an additional PIN code to enter, write down a mnemonic phrase. How to recover Exodus after an operating system crash and how can you neglect the security settings? And now it’s time to get acquainted with one more feature of Exodus wallet.

How to Install Exodus Crypto Wallet

Crypto-Auditor.com will show you how to install the Exodus wallet (using the desktop version as an example):

  1. Download the version of the wallet suitable for the OS
  2. Run the downloaded file
  3. Wait for installation
  4. Exodus is ready to use.

To install the application on a personal computer, you need to visit the official website exodus.io and download the version of the wallet suitable for the user’s OS.

Direct installation of Exodus is done in one click: you just need to run the file downloaded to the PC and wait for the notification of the completion of the operation and the readiness of the application to launch.

The mobile version of the wallet for iOS is installed from the official App Store and GooglePlay.

Further Actions

You must first transfer any number of blockchain coins to the wallet to activate it. If you do not have a crypto, you will need to purchase it.

Exodus is a crypto platform and does not interact with the traditional financial system. You will have to use a different service to buy altcoins. There are many services that can help you convert paper money such as US dollars, euros, etc. into cryptocurrencies.

When the first deposit is placed on the wallet, the backup procedure will be available, which includes creating a password and mnemonics.

Creating a Password and Mnemonics

Mnemonics is a 12-word phrase that serves as the master key for all of your assets. With these 12 words, you can restore your Exodus wallet and access your balance from anywhere in the world, or even transfer all your funds to another address.

Be advised to write down the mnemonic phrase on paper and store it offline. It is not recommended to create a digital copy of it. Once the password has been created, you will be manually entering it every time you want to log into your Exodus wallet.

To exit, simply close the application window. Once closed, the wallet’s assets and files will remain encrypted with a password.

Exodus Wallet Functionality

The main wallet settings menu contains several sections to be used for the advanced experience.

Assets

Here you can choose which of the supported Exodus cryptocurrencies will be displayed in the Portfolio section of the interface (by default, there are about 20 popular coins there). If you wish, you can hide all assets with zero balances, except for Bitcoin and Ethereum.

Localization

There is only one changeable parameter in this submenu of settings—the currency in which Exodus displays the total user balance and the value of cryptoassets. The ability to change the interface language, which logically should be present in this section, unfortunately is not provided.

Themes

Allows the user to partially personalize the design of the wallet application by choosing a background for the interface from a small list of prepared themes, divided into categories

  • Color
  • Texture, and
  • Skins.

Hardware Wallets

In this section of settings, you can connect Trezor to Exodus—so far the only supported hardware storage of cryptocurrencies.

After establishing a connection with the device, the “Portfolio” section of the application will begin to display the assets stored in Trezor, and it will also be possible to carry out operations with them through the Exodus interface and use the function of the internal exchange of cryptocurrencies.

Security

This item in the Settings appears only after setting the password and completing the backup. The only option in this section is to activate the automatic blocking of the wallet after the specified period.

Also in the Exodus wallet using the combination Ctrl + Shift + D, you can activate the advanced settings. The most useful item in them is the developer menu, where you can view the private keys.

Thus, you can access individual assets stored in Exodus using other crypto wallets. For example, through MyEtherWallet, if Ether is meant.

In the same menu, you can select various recovery options, export archived wallet data, specify the source of the cryptocurrency rate, launch developer tools, save the history of all transactions in csv format and some other useful functions.

Final Words

The Crypto-Auditor team considers the Exodus wallet to be quite reliable and convenient. In combination with the Trezor hardware safe, it is suitable for saving large amounts of digital money. If the creators decide to add other languages (not English only) to the interface and the support service will be perfect.

FAQ

There is currently no mobile application for smartphones or tablets. The Exodus Wallet is only available as software for Windows, Linux and Mac.

The Exodus Wallet is made available free of charge according to the experience. Only the transactions cause costs for the wallet holder. Their amount is based on the respective network and the amount of the transaction. However, these costs are not transferred to the Exodus Wallet, but directly to the network.

Due to the user-friendly menu navigation and the appealing design, the Exodus Wallet is quite uncomplicated to use. Installation is also comparatively easy and takes place directly via the download link on the website.

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Our scope 5/5
Security 5/5
Client Support 5/5
Coins Number 5/5
Fees 5/5
Pros
  • High security level
  • Convenient portfolio
  • User-friendly interface
  • Built-in crypto exchanger
  • Fast transactions
  • Trouble-free operation
Cons
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