Exodus Wallet Analysis: Desktop Wallet Supporting Multiple Cryptocurrencies

Within a relatively short span, Exodus has carved out a niche as a preferred desktop wallet among cryptocurrency aficionados. Its intuitive and user-friendly interface has made it a popular choice for those diving into the world of digital currencies.

The Exodus crew has dedicated themselves to crafting a wallet that's not only visually appealing but incredibly easy to use, especially for newcomers to digital currencies. The simplicity of the interface ensures that transferring or swapping assets is as hassle-free as possible, minimizing any chances of getting lost.

Visit Exodus

Exodus Overview

Daniel Castagnoli and JP Richardson are the masterminds behind Exodus, which made its official debut in July of 2016. Serving as a multi-currency, 'hot' software wallet, it facilitates receiving, storing, and sending of digital assets.

Exodus enjoys widespread acclaim for its intuitive design and broad currency compatibility. Supporting over 100 cryptocurrencies, it also displays portfolio balances in more than 30 fiat currencies. Notable digital assets like Bitcoin , Bitcoin Cash , Binance Coin , Litecoin , EOS , and Monero are all supported, as well as Ethereum and a wide-ranging selection of ERC-20 tokens, including Augur, are covered too. ChainLink , and True USD.

Compatible with an array of operating systems, Exodus provides versions for Windows, Mac, and Linux platforms. Additionally, they've recently launched a mobile version of their app.

The Exodus desktop application features three chief components: a multi-currency wallet, portfolio tracker, and an in-built cryptocurrency exchange. The team has even announced integration with the Trezor hardware wallet which lets you manage funds held on a hardware wallet via the Exodus platform.

Key Features

• Functionality – Exodus seamlessly blends a visually appealing layout with an intuitive user experience. Offering a wallet, portfolio tracker, and exchange facilities, users can seamlessly monitor and handle a multitude of cryptocurrencies around the clock.
• Flexibility – Accessible to Windows, Mac, and Linux users, Exodus extends its features with a user-friendly mobile app currently available for iOS, with Android support on the horizon. It supports over 100 digital currencies, including major players like Bitcoin (BTC), Binance Coin (BNB), Litecoin (LTC), EOS, and Monero (XMR). Both Ethereum (ETH) and a slew of ERC-20 tokens are also supported.
• Security – As a 'hot' wallet, Exodus mandates secure password creation by its users. When setting up, users also receive a 12-word recovery phrase for wallet restoration in emergencies. Exodus integrates seamlessly with Trezor hardware wallets without needing personal data, as private keys and transactions remain encrypted locally.
• Customer Support – Even though Exodus isn't an exchange, it offers comprehensive support, including a LinkedIn section featuring FAQs and over 100 articles. Their Email Email Telegram offers quick updates on any occurring issues, and users can contact them via Telegram WhatsApp WhatsApp Exodus Wallet Review Visit Exodus Exodus Overview Table of Contents Toggle Table of Content

Toggle

Exodus Overview

Visit the official website and hit the ' Exodus Overview ' at the top right to download the version suitable for your operating system.

Key Features

On wallet installation, you'll be asked to set up a secure password. A lengthy password combining upper and lowercase letters, numbers, and symbols is advisable. Alongside this, you'll receive a 12-word recovery seed phrase, essential for restoring the wallet in case of technical difficulties. Store this seed phrase securely offline. If needed, uninstalling and then reinstalling the wallet allows restoration through the 'Restore Wallet' option.

Key Features

Post-installation, you can customize the wallet's appearance through the Settings tab by selecting a preferred theme. In the Localization tab, choose your desired fiat currency for viewing your portfolio, and under Assets, you can select the digital currencies to be shown.

How to Get Started with Exodus

Upon choosing an asset after setting up the wallet, an address will be available for receiving payments. Click 'Wallet' on the left sidebar and select your chosen asset. The receive option will display the address (e.g., Bitcoin).

You can use this Bitcoin address to transfer funds to yourself or give it to another person to receive payments. The QR code lets you transfer Bitcoin with ease by scanning it to complete the transaction from a mobile device. Additionally, the address can be copied, printed, emailed, or viewed on the blockchain using the four action buttons beneath.

How to Get Started with Exodus

Inside the wallet, up to 70 assets can be exchanged by following these steps:

Navigate to the Exchange tab on your wallet's left side.

Select your desired trading assets via the two drop-downs at each side of the exchange window.

Input the exact amount you wish to exchange or use the All, Half, or Min buttons. After confirming details, hit Exchange . Exodus employs live rates, offering a 3-second window to cancel before the transaction is sent. Once executed, the outgoing asset leaves its wallet for exchange, and the incoming asset is deposited in its respective wallet. 1) Download the correct version Exchanges may take anywhere from mere minutes to over an hour based on the state of the corresponding blockchain networks. In case of delays, the status of any transfer can be verified via wallet addresses.

Numerous measures are in place to uphold wallet security, with users' private keys generated and encrypted locally on their computer or device. These keys are stored securely under user control, never on a cloud, and can be accessed from the Settings tab as necessary. Backups protect metadata or transaction data, accessible only via password, ensuring data privacy.

1) Download the correct version

Also, if you're locked out or need to reinstall your wallet, a 12-word phrase given at account setup enables asset recovery. This serves as a fallback for password recovery and severe technical faults.

While Exodus garners a solid reputation, its hot wallet nature necessitates an internet connection, making it less secure than cold, hardware wallets. 2) Create a secure password and backup Moreover, since it's not entirely open-source, a higher degree of trust is needed, though available repositories can be found on Github by the co-founders. Lacking two-factor authentication (2FA), wallet security hinges upon the user's password. Consequently, your computer's security directly impacts the wallet's security.

To address these security considerations, Exodus has partnered with the Trezor wallet, permitting the interface to manage and transfer funds securely on a hardware device.

Transactions via Exodus adhere to the fees of each blockchain network's transactions or miner fees, passed on without markup. Exodus earns no revenue from network fees, which are automatically calculated and adjusted.

This calculation can sometimes result in high exchange fees, as Exodus profits from asset exchange spreads, typically between 2% – 5%, clearly shown in the wallet's exchange section.

2) Create a secure password and backup

Fewer buyers or sellers translate to broader spreads in any market, while liquid pairs like Bitcoin and Ethereum exhibit tighter spreads. Presently, Exodus covers over 100 cryptocurrencies with around 70 digital assets exchanged directly in the wallet. Exodus caters especially to novice users, simplifying wallet setup. Operating as a light node, it sidesteps downloading a currency's entire blockchain by pulling data from full nodes. .

Navigating your wallet address, portfolio, and exchange on Exodus is straightforward, especially when compared to similar wallets. The well-crafted dashboard allows you to monitor market trends, portfolio shifts, and coin metrics conveniently within the wallet.

Exodus Wallet 2019: An In-Depth Look at Safety, Fees, and the Ups and Downs

3) Personalize your wallet

Dive into our comprehensive assessment of the Exodus Crypto Wallet. We unravel its safety levels, fee structures, and all the essential points you should grasp.

Exodus Wallet Overview: Your Multi-Crypto Companion for Desktop Use

In a short span, Exodus has emerged as a highly favored choice among desktop cryptocurrency wallets. Its combination of essential features with a user-friendly interface appeals to both new and seasoned digital currency aficionados, continually growing its loyal base.

The architects of Exodus have aimed to craft a wallet that not only functions seamlessly but also looks good, particularly for those venturing newly into digital assets. Tasks within the wallet are generally executable through clear, guided steps, while the sleek interface makes navigating through and exchanging assets quite intuitive.

Daniel Castagnoli and JP Richardson co-founded Exodus, officially launching in July 2016. This multi-currency, 'hot' software wallet facilitates the receiving, storing, and transferring of cryptocurrencies.

3) Personalize your wallet

• 4) Transfer cryptos to your wallet
• 4) Transfer cryptos to your wallet
• Known for simplicity and a user-centric design, the wallet is favored for accommodating a broad spectrum of currencies. Currently, Exodus extends support to over 100 digital types, with portfolio balances viewable in more than 30 fiat options. It endorses major cryptocurrencies,
• How to exchange assets in Exodus
• including a variety of ERC-20 tokens like Augur,

How to exchange assets in Exodus

• How Secure is Exodus?
• How Secure is Exodus?
• Does Exodus Charge Fees?

Does Exodus Charge Fees?

The wallet is adaptable across multiple operating systems, with versions ready for Windows, Mac, and Linux, alongside a newly announced mobile app.

The desktop client encompasses three key elements: a multi-currency wallet, a portfolio tracker, and an integrated cryptocurrency exchange. Recently, there's also integration with the

allowing users to manage hardware wallet funds through the Exodus interface.

Usability – Exodus ensures an exceptional user journey by blending an attractive interface with intuitive design. Its desktop software offers a wallet, a portfolio tracker, and a crypto exchange, facilitating 24/7 monitoring of assets and transactions, along with supporting a vast array of digital currencies.

Versatility – Available to Windows, Mac, and Linux users, Exodus also presents a straightforward mobile app, currently for iOS, with Android on the horizon. It backs over 100 cryptocurrencies, including top assets like Bitcoin (BTC), Binance Coin (BNB), Litecoin (LTC), EOS, and Monero (XMR). Ethereum (ETH) and a multitude of ERC-20 tokens are supported.

Safety Features – As a 'hot' wallet, Exodus requires users to create strong passwords. Upon initial setup, a 12-word recovery phrase is supplied for wallet retrieval during emergencies. The wallet also integrates with Trezor hardware for enhanced security; personal information needs are minimal since users' private keys and transactions remain encrypted and device-bound.

Is Exodus Suitable for Beginners?