Exodus wallet is one of the world’s most popular crypto storage companies. Its fame hinges on its simplicity and strong design language. For investors seeking a digital wallet or wondering what the wallet offers, this Exodus wallet review provides all the necessary information.
We will highlight key features of the Exodus Bitcoin wallet and how the platform works.
What Is Exodus Wallet?
Exodus is a cryptocurrency wallet founded in 2015 by JP Richardson and Daniel Castagnoli.
Exodus wallet supports seven blockchain networks, providing a multi-chain setup that lets users send, receive, and swap more than 200 cryptocurrencies, such as Bitcoin, Ethereum, and Ripple. Our review of the Exodus crypto wallet shows that it works on any platform, including desktops, mobile devices, and as a hardware option.
Exodus Wallet Pros & Cons
Every crypto wallet has benefits and weaknesses. Most Exodus wallet reviews have isolated a number of areas where the digital wallet excels and where it lags behind.
Pros
Cons
Exodus Wallet Features
As part of a complete Exodus crypto wallet review, investors should understand what it offers and how it could help them.
These are some of Exodus Wallet’s top features:
User Interface
With a sleek user interface, Exodus Wallet makes it incredibly easy for investors to move around. The platform is incredibly seamless, and even beginners would have no problem using it.
On the Exodus platform, investors can easily see their portfolios and real-time prices for all supported coins. Users can view the biggest gainers and losers, portfolios per coin, and price changes based on specific time frames.
The desktop platform also has a yield calculator that allows users to check possible staking yields based on current market trends.
For investors who need help, there are guides and support pages available on the wallet that help them with all the knowledge they require.
Altogether, Exodus scores top marks in terms of ease of use and functionality. Beginners will have no problems getting a hang of it.
Staking Service
Staking is one of the most exciting parts of the crypto market. With this activity, investors get to lock their assets in a protocol and earn yields. Staking is a low-risk activity that provides sizable returns, especially if the staking period is much longer.
Exodus wallet staking is one of the few wallet apps that allow users to stake their coins easily. The Exodus wallet staking service is available in seven cryptocurrencies: Cardano (ADA), Algorand (ALGO), VeChain (VET), Solana (SOL), Ontology (ONT), Cosmos (ATOM) and Tezos (XTZ).
Security
Have you ever wondered if the Exodus wallet is safe? As a renowned wallet application, Exodus prioritizes security and employs several security features to protect its users.
The first phase of the wallet’s security infrastructure is a password. Once investors set it up, they will need one to access the wallet.
Then, there’s a 12-word backup seed phrase that can be used to recover a wallet if it gets lost or stolen. All data stored on a device or sent via transactions is protected by encryption, and Exodus also doesn’t keep any track of investors’ data.
Exodus is non-custodial by default, meaning the platform does not store investors’ private keys. Users are solely responsible for the safety of their funds.
No KYC
Exodus Wallet does not require new users to provide personal details before interacting with the platform. All a user needs to do is create a new wallet and set a backup recovery phrase. This lack of information gathering means users can be assured of their privacy.
Ramp on Exodus
Ramp is a payment service available on Exodus that allows users to directly buy crypto from their wallets. With Ramp, investors can easily buy crypto directly from the Exodus app without having to go through an exchange or any other third party.
Buying crypto with Ramp is very simple, and it is great because there is no need to transfer funds anywhere. The product currently supports over 20 cryptocurrencies and accepts multiple payment methods, including Apple Pay, Mastercard, and Visa.
Hardware Wallet Integrations
Another great feature of the Exodus crypto wallet is that it offers integrations with hardware wallets like the Trezor One or Trezor Model T.
The Exodus hardware wallet integration makes it easier for users to enjoy enhanced security features. Hardware wallets are known to store coins offline, so they are perceived as being much more secure than the other wallet options.
The Exodus hardware wallet offers access to 100+ coins, and users can easily send, receive, exchange, and earn yields using cold storage. The Exodus hardware wallet is also privy to extra security measures and practices the Trezor platform offers users.
Supported Coins
So far, we have considered what the Exodus wallet is. We also explained some of its pros and cons in our Exodus wallet review. This section considers the cryptocurrencies supported by the Exodus wallet. Exodus supports storage for well above 200 digital assets. These are some of the popular names:
- Bitcoin
- Ethereum
- Algorand
- Cardano
- Solana
- Tether
- Vechain
- Cosmos
- Ripple
- Polkadot
- Aave
- EOS
- NEO
- Litecoin
- Dogecoin
- Dash
- Tron
- Bitcoin Cash
Exodus Wallet Fees
As we have mentioned earlier, Exodus wallet fees are streamlined to the network fees and its in-house exchange fees. The platform does not charge any fee for using its Exodus software wallet. Below, we itemize the Exodus wallet fees investors may incur using the service.
| Network Fees | Exchange Fees |
| Variable | Can rise to 10% or more |
Exodus Wallet Safety and Security
Many Exodus wallet reviews online overlook safety and security. Ours stands out. Regarding safety, Exodus operates fully decentralized. The crypto wallet does not control users’ funds since it is non-custodial. Users can only interact through wallet addresses, which are usually created at random using a mix of letters and numbers.
This feature adds much-needed security to the platform as users are responsible for the safety of their digital funds instead of the platform. Users can easily set up a wallet and a 12-word recovery phrase that is only accessible to them.
While creating this Exodus wallet review, we discovered that the non-custodial storage platform has since partnered with top hardware wallet manufacturer Trezor, pushing its security infrastructure even further. This allows users to quickly transfer, receive, and exchange tokens while also enabling them to explore cold or offline storage functionality.
With this hardware functionality, users still retain full control or access to their private keys and assets offline. The Exodus hardware wallet — the integration with Trezor — also supports hundreds of digital assets, enabling flexible token use.
Exodus Wallet User Experience
The Exodus wallet download can be completed in seconds. Users have the option to download the Exodus software wallet on their desktop — currently supported for Windows and Mac personal computers (PCs) — or on their mobile smartphones running Android and iOS operating systems.
The user experience on the Exodus software wallet is quite seamless, as users can easily buy and send their favorite digital assets in seconds. The portfolio balance is prominently displayed, and up-to-date market prices for each selected crypto coin are itemized. Users have the option of adding more to the four standard coins listed on the ‘Portfolio’ page.
The exchange functionality is also seamless, as users can easily swap one coin for another in a few steps. Once a swap command is initiated, the Exodus software wallet displays a dialogue box to confirm the transaction. Once confirmed, the token swap is completed in seconds.
A number of fiat currencies, including heavyweights like USD, GBP, and EUR, are available for deposits. Users can also buy NFTs using their local funds in the Exodus wallet.
How Does Exodus Wallet Work?
To transfer funds with the Exodus crypto wallet on your desktop, follow these steps:
- Click the ‘Wallet’ icon;
- Navigate to your Bitcoin wallet;
- Click on the “Receive” button;
- You can click on the “Copy” button to copy your wallet address. The button can be found on the right-hand side of your address bar;
- Note that you can also scan your wallet’s QR code;
- Once you have the wallet address, paste it on the eternal source from which you’re sending the funds, and proceed with your transfer.
For users whose Exodus software wallet is on mobile, funds can be transferred using these steps:
- Open the app and tap on the portfolio icon at the bottom of your screen;
- Tap on your desired coin wallet;
- Here, you can see the address as both plain text and a QR code;
- Copy the address or scan the code, and you can share it with the sender.
Exodus Wallet Contact and Customer Service
As a top wallet service provider, Exodus offers users help when they need it. The wallet is highly adaptable and helpful for customers, providing an extensive network of support and contact pages for customers who would like assistance with one thing or the other.
In addition to social media pages, users can contact Exodus Wallet via Slack and a help desk. They can also watch support videos on the platform’s extensive support page to find more help.
Exodus claims that its customer service system is available 24/7.
How to Use Exodus Wallet
After exploring the offerings of the Exodus crypto wallet, let’s examine how to use Exodus wallet:
1. Download Your Wallet
The first step on how to use the Exodus wallet is to download the Exodus wallet on mobile or desktop devices. Users with desktop devices also have access to the browser extension.
Find the wallet on the Google Play Store or Apple Store and complete the Exodus wallet download.
2. Create Your Portfolio
Once your Exodus wallet download is complete, you can proceed to the next step.
To use the Exodus wallet, there is no need to create an account. When a user first accesses the wallet, a few of the supported coins are displayed on the portfolio page. Click on any coin of your choice to learn how to use the Exodus wallet to send and receive the selected asset.
3. Write Your Seed Phrase
Using a seed phrase is a fundamental aspect of learning how to use the Exodus wallet. Investors creating a new wallet need to have their seed phrase ready.
Go to the profile page and tap Security. Tap on Backup and write down the secret backup phrase. Remember to keep the secret phrase carefully as it ensures access to investor funds — even if the wallet is lost. Users can also secure their wallets using biometric security if their device supports this feature.
Is Exodus the Best Crypto Wallet?
The Exodus hardware wallet comes with a lot of great features.
However, if you’re truly looking for the ideal crypto wallet, we recommend using the Best wallet.
An alternative cryptocurrency wallet to Exodus is Best Wallet — a non-custodial multi-chain wallet — offering access to a multitude of features. Unlike Exodus, Best Wallet will soon deploy a range of market and trading insight features. Best Wallet is compatible with Ethereum, Polygon, and the BSC mainnet but will soon connect with the Bitcoin network.
This non-custodial wallet lets users store all their wallets and assets on the same platform and access a decentralized exchange.
The Best DEX connects users with the best liquidity pools to offer cost-efficient trades. By holding $BEST, the native cryptocurrency, users can get discounts on their trades on the DEX.
On the cryptocurrency wallet, $BEST can be held to get exclusive access to new crypto projects. Furthermore, as per the project roadmap, Best Wallet will release a staking mechanism to generate passive income. Token holders can access voting power for new projects and get zero gas fees.
Stay updated with this crypto wallet by following the Twitter account and joining the Telegram channel.
The Verdict
The Exodus wallet is undoubtedly one of the best crypto wallet options. The service provides a well-laid-out user interface and an impressive set of features that allow investors to easily maximize their coins.
However, while this wallet is truly impressive, we believe that the Best wallet application is the top bet for most investors. Best Wallet is easy to use and highly functional, and it offers better security features than the Exodus wallet. Furthermore, users can access a decentralized exchange, NFT capabilities, discounts with the $BEST token, and trading insights.