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We analyze the variety of features Exodus wallet has to offer, plus their partnership with Trezor hardware wallet. We also take a look at Exodus’ security, fees, support, pros and cons. It was released as open-source software in 2009.cryptoexchange.com Crypto exchange and marketplace with escrow.
Exodus may be an attractive choice for users who are migrating crypto portfolios off major exchanges but still want relatively easy access to their assets. Our team of researchers gathered over 40 data points and conducted extensive research for each of the 19 companies we reviewed. Our team of writers, who are experts in this field, then test drove each wallet to lend their qualitative point of view. While sending and receiving crypto on Exodus is free, it charges a small fee in the form of an exchange spread should users want to exchange assets within the wallet.
One thing for safety reasons, copy the keys and do not disclose them to anybody. Go to Exodus website or Google Play store to download the app on your device . Email Restoration – This is yet another vital backup facility that allows you to restore your Bitcoin wallets through an email sent to your linked account.
- You can always redo and reverse it within your own wallet, but it will simply be a new transaction on the blockchain.
- For now, the Exodus wallet can only be downloaded for desktop computers from the Exodus website and GitHub page.
- The Desktop wallet has the advantage of a larger screen and you can choose to leave it in your home office, unlike your mobile phone.
- This means you can swap coins directly in the wallet without having to send them to an exchange.
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It also has built in features for the Trezor hard wallet which I like. I am interested in staking opportunities and Exodus has this too. This lack of support might discourage some users from instantly converting their crypto assets into fiat for everyday use. You can send your custom token as you would any other wallet. You will access all of your money and transfer it back to where you have stored it.
How to use Exodus wallet?
To buy funds, you’ll need to head to the extension itself, as shown below. Click on the small payment card icon at the bottom of the window, and you’ll be shown your wallet balance. Click on the download option, and you’ll be taken to the default extension download page used by your chosen browser. Click the Add to Chrome option and confirm in the popup window that you want to add the extension. The security level is relatively decent but not impressive at this magnitude of work offered. The best way to keep your wallet is to generate some 12-word phrase or script that will be useful for retrieving your wallet in case something fails or gets broken.
As well, all of the available features are clearly shown in a menu stretching down the left of the screen. Exodus is an easy to use multi-currency software wallet that is available for desktop and mobile. The wallet excels in its simple design and superb online support.
Tab Exchange allows you to exchange between cryptocurrencies by scanning a QR code, using wallet names, or sending and receiving wallet addresses. On the Exodus website, users have access to an extensive knowledge base that features over 100 articles explain features, troubleshooting, fees, and other general topics. As well, users can browse an extensive FAQ list with a built-in search function. If for some reason you can not find what you’re looking for, support representatives can be reached via email or through various social media channels.
Created in 2015, Exodus gives customers a way to depart the legacy system and join the crypto and decentralized web revolution. Need to send or receive Bitcoin, or simply store digital collectibles? Send and receive any of the 230+ supported blockchain assets or your favorite digital collectibles with the touch of a button using text addresses or QR codes.
To keep security simple for users, Exodus does not support 2FA or multi-sig security. Instead, it encourages users to transfer their funds to cold storage on a separate device. The cross-platform app provides a wide variety of service options for crypto exchange and portfolio management.
How Does Exodus Wallet Work?
Exodus offers a variety of options for crypto owners who want to store, spend and trade crypto across multiple devices. Though Exodus doesn’t store as many types of cryptocurrency as some competitors, it serves users of the most popular digital assets with a full-featured experience. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Unfortunately, Exodus has yet to include 2FA on their desktop or mobile wallets. I personally believe it would be a great addition to add something like a YubiKey to help increase security. If you were to suddenly forget your password or lose/damage your laptop or PC where Exodus is installed, these are the keys to restoring your wallet.
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You’ll then be provided with a QR code that can be scanned and a copy of your Bitcoin address. Fee calculation is excellent for primary users, but fees are typically much more significant than they need to be. Exodus wallet fees are arranged for transfer as rapidly as possible and not too cheap as possible with a wallet. To send crypto to your friend – use the Exodus wallet by scanning a QR code with the camera attached to the device or typing the address.
Of course anyone can send crypto to your Exodus wallet as long as you provide them the receiving address. They feature USD, EUR and GDP more prominently but scrolling through the complete list offers you most major currencies including CDN and AUD. As mentioned, the main reason to use the Exodus mobile wallet is so that you can access your crypto from anywhere . Once you’ve downloaded the desktop or mobile app, Exodus walks you through a simple step-by-step onboarding guide.
Therefore, users can connect their dApps to all the supported networks and collect NFTs within the wallet. It is also one of the few wallets with a built-in NFT marketplace, accessible only after installing the app from within the wallet. Exodus, our top choice for beginners, is an ideal choice for beginners. Its user-friendly features, high security, and cross-platform support make it an excellent wallet for those just starting their crypto journey. Plus, it offers quick chat services should users have doubts or face any issues. Exodus does not charge any fees for transactions made within the service, but blockchain networks do.
A network fee in Exodus Wallet is automatically calculated. Two-way method of restoring wallets, through a 12-words password or your email. Such features are greatly useful in the event that we lose access to our Exodus Bitcoin Wallet. TJP Richardson and Daniel Castagnoli created this wallet, having written the previous codes for Nike, Samsung, Apple, and others. With the rise of Cryptocurrency and a surge in digital wallets, Exodus too was created to join the race. Coinbase has been in crypto for awhile and is one of the more trusted exchanges.
Supported Cryptocurrencies
Connect your account by importing your data through the method discussed below. If you are having an issue using Exodus’ wallet, crypto exchange, staking functions, or anything else, you can get the help you need quickly with an online message. The site’s articles can help you troubleshoot technical problems, find answers to FAQs, and more. It is best to steer clear of any “Exodus support hotline” numbers seen on the internet.
Staking within Exodus Wallet
It should be OK if you use a reputable one like Coinbase, Kraken or Newton. It could go sideways, if you chose an FTX, Celsius or Gemini however. Therefore, this won’t be the cheapest way to exchange your crypto. We’d always recommend using external exchanges such as Binance or FTX to get the best trades, or check out our compare exchanges page to find the right exchange for you.
You can also trade the coins you earn right within Exodus to diversify your portfolio, while keeping it safe in your wallet. Exodus offers incredible functionality and charges no fees itself. Exodus does not acquire any of the profits from these transaction fees. Exodus is a beginner-friendly desktop and mobile wallet with an exchange built into its system which allows you to swap almost 100+ cryptocurrencies.
Hence, it is advisable to conduct your research and consult a financial advisor before making financial decisions. The https://coinbreakingnews.info/ is a desktop-based digital asset management system that allows users to store, manage and exchange cryptocurrencies. The software is free to download on Windows, macOS and Linux systems. It even features a searchable FAQ section for common queries. If users can’t find suitable answers or have any trouble with their wallets, they can always reach out to the support team through email or social media channels.
The Exodus exchange platform does not keep or charge any fees for sending or receiving cryptocurrency assets. Exodus is also a lite wallet which means it does not download the entire blockchains to the device, making the setup significantly faster. And this also makes Exodus Wallet responsive and convenient. Integrated With ShapeShift – An integration between Exodus and ShapeShift has led to a unique value position. ShapeShift, one of the best crypto exchanges is praised for its trading, security, user interface, and privacy features. Exodus users can trade on this crypto exchange directly from the Exodus wallet with extra speed and privacy.
Among hot wallets, Exodus lacks a few advanced security features that some competitors have. Though Exodus supports a decent number of cryptocurrencies, there are competitors that store more. That will require you to give your address and other personal information. Exodus is a solid choice for those looking for an easily accessible crypto wallet. Store your recovery phrases or private key in a safe place, because it cannot be recovered if lost or forgotten. Before you begin, you should be familiar with the assets Exodus supports, which you can find here.
Exodus is free to use, though you’ll pay to carry out some types of transactions using its software. Cryptocurrency networks tend to charge transaction fees, for starters, regardless of which wallet you’re using. However, when sending cryptocurrencies, users need to pay network fees for the transaction.
Tap the up-arrow on the left side to get your address to receive the crypto you just selected. Tap the down-arrow on the right side to get your address to receive the crypto you just selected. Click on the link next to the OS option of your smartphone to download the application. Your customer service hasn’t changed and it is swift as lightning 😉. We have lost $ with this platform and have to just accept it because they say that blockchain transaction are not reversible.