Exodus Wallet Review – Cryptocurrency Storage Made Simple
Having secure storage to manage your digital cryptocurrency assets is an important part of your crypto journey. Among the many crypto wallets out there, Exodus stands out as an excellent option for many crypto enthusiasts and beginners. In this Exodus wallet review, I’ll be highlighting its key features and benefits.
What is Exodus?
As a blockchain wallet app, the Exodus wallet works as a lite client with 11 top cryptocurrency blockchains. This means that Exodus connects live to Bitcoin and other coin networks, facilitating near-instant transactions and always up to date coin price data.
The Exodus wallet is also widely regarded as the world’s easiest to get to grips with, especially for cryptocurrency market newcomers. Exodus is also available cross-platform to help manage your assets on your computer, mobile device and also integrates with the Trezor hardware wallet should you have one.
Download the Exodus: Click here to visit their official website.
Exodus wallet key features & benefits
The Exodus crypto wallet allows users to send, receive, and exchange digital cryptocurrency coins and tokens with ease and security. Incorporating advanced security features and supporting over 100+ cryptocurrency assets, Exodus is an excellent choice for anyone to start their crypto journey. Additionally, the user interface of its software are some of the best-looking and intuitively designed in the industry.
Below are just an overview of its features.
- The Exodus cryptocurrency wallet is a multi-coin blockchain wallet app available on Windows, Mac, and Linux.
- Exodus wallet supported coins include all top market cap cryptocurrencies, hundreds of altcoins, and all ETH ERC20 tokens.
- The Exodus wallet app is designed to be easy to use, even for newcomers to the cryptocurrency market.
For New Zealanders especially, it can be challenging learning how to store digital currency 100% safely. Many popular exchange and app wallets, effectively put coin private keys in the hands of overseas corporations like Coinbase. Thankfully, the Exodus wallet application changes this.
Ease of use
The Exodus wallet application makes it easy to store coins and track coin values, via an intuitive portfolio page. Several easy to read charts and graphs also allow users to monitor the performance of different digital assets. Most importantly of all, cryptocurrency users can store several different forms of cryptocurrency, without having to set up different wallets for each.
Supports many cryptocurrency assets
By default, Exodus supports all top market cap coins like Bitcoin, Litecoin, Digibyte, and Ethereum. As well as these, Exodus also supports hundreds of altcoins and ETH ERC20 tokens, with support for new coins added on a near-weekly basis.
Secure backup & coin private key access
With any cryptocurrency wallet, it is imperative to backup wallets in case of storage devices are lost or become corrupted. Exodus makes this process easy by allowing users to generate a 12-word recovery passphrase.
- Exodus users are recommended to back up their wallets using a recovery passphrase immediately after installation.
- In the event of an emergency, a passphrase can be entered into new Exodus wallet installations.
- When the correct passphrase is used, coin balances are instantly restored, regardless of how many different coins users had secured in their previous wallets.
As well as using recovery passphrases, Exodus wallet users can also backup coin private keys individually. By clicking on the ‘Developer’ tab, followed by ‘Assets,’ users can view and export private keys easily. However, it should be noted that users must secure these safely after export.
Built-in cryptocurrency exchange
By default, Exodus wallet installations link to instant cryptocurrency exchange Shapeshift.io. Thanks to this feature, wallet users can buy and sell coins from inside Exodus itself.
As we prefaced above, Exodus offers cross-platform support for its wallet. Exodus is available on Windows, Mac, and Linux to manage and control your crypto assets securely. Additionally, users can also manage crypto on-the-go with a mobile application that synchronizes with the desktop client.
Receiving crypto on your Exodus wallet
Once you’ve installed Exodus on your computer, you can send coins straight to your Exodus address in less than 2 minutes.
I’ll use Bitcoin in this example.
Click on Receive:
Click the copy button to copy the address:
Paste the address into our order form:
And it’s as easy as that! 🙂
To summarize, the ease of use, cross-platform integration and user-friendly design of Exodus makes it an excellent crypto wallet especially for those just starting out on their crypto journey.
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Last updated on January 13th, 2021.