The Exodus wallet is a multi-currency crypto wallet I usually recommend as an entry wallet for beginners. In this Exodus crypto wallet review, I will discuss the different wallet features and explain why I think it’s one of the best crypto wallets around.
Key Takeaways
- Exodus is a beginner-friendly crypto wallet available on desktop and mobile.
- The wallet supports 115+ cryptocurrencies, including BTC, ETH, XRP, LTC, XMR, and more, with built-in exchange and portfolio tracking.
- Security features include a 12-word recovery phrase, password/PIN, and auto-lock, but it lacks two-factor authentication (2FA).
- Exodus integrates with TREZOR hardware wallets, combining hot wallet convenience with cold wallet security.
Exodus Review Summary
Exodus is an easy-to-use crypto wallet available for desktop and mobile. The wallet excels in its simple design and superb online support. The main downsides of Exodus are its lack of custom network fees for Ethereum and other altcoins and the fact that it is not completely open source. That’s the Exodus wallet in a nutshell.
So, is Exodus a good wallet? What are the key Exodus Wallet features? Keep reading this Exodus Wallet Review to find out.
Don’t like to read? Watch this video overview instead
Exodus Overview
Exodus Movement INC. was founded in 2015 by JP Richardson and Daniel Castagnoli and is headquartered in Nebraska. The company hasn’t reported any outside funding throughout the years and is currently actively seeking to expand.
Exodus wallet review: What is Exodus Wallet?
My acquaintance with Exodus started out by accident, when one of our subscribers told me he didn’t like my choice for the best Bitcoin wallet I recommended at that time, and that he used Exodus instead. That subscriber got my attention, so I decided to take a look into Exodus as well.
Exodus is a crypto wallet for desktop, and now also for mobile (iOS and Android). That makes Exodus a great choice for people looking for both mobile and desktop wallets. The Exodus team emphasized design and user interface, making it, in my opinion, the most appealing and easy-to-use wallet around.
Even if you’re just starting with Bitcoin or cryptocurrencies, you would still be able to use this wallet effortlessly. Exodus is the kind of product you “fall in love with” the first time you use it, and that’s quite rare in the cryptocurrency world.
In terms of the Exodus Crypto wallet safety review, the wallet provides a 12-word secret recovery phrase, which can be used in case you lose access to your wallet. The secret recovery phrase can be stored on your iCloud or Google Drive account for safekeeping. Other security features include PIN, password, and an auto-lock feature. Exodus Wallet, however, does not support two-factor authentication (2FA).
Exodus navigation is pretty simple and easy to understand. The mobile app has only 3 categories:
- Portfolio – See an overview of all of the digital currencies you’re holding (as seen in the picture above). Also shows price graphs for different assets.
- Wallet – Send or receive specific coins.
- Exchange – Exodus has a built-in exchange that allows you to trade between crypto assets without ever leaving the wallet.
The desktop app includes all of the above, plus these additional Exodus Wallet features:
- Backup – Allows you to restore your wallet password or your wallet’s seed phrase.
- Settings – Security and design tweaks to your Exodus wallet.
- Help – Watch videos, FAQ, join a Slack chat, or email support.
- App Explorer – The app explorer has a featured app section that makes it easy to find and use crypto apps within the Exodus wallet. These apps can be used for earning interest on your coins, betting, and more.
When you use Exodus, the private keys to your cryptocurrencies are stored on your device (desktop or mobile). Additionally, Exodus is a lite wallet, so you won’t need to download the whole Blockchain to your device, making the initial setup pretty quick.
Exodus is currently compatible with Mac, Windows, Linux, iOS, and Android. You can also pair your desktop and mobile wallets together so you’ll have control over your funds from both devices.
The wallet is also compatible with TREZOR hardware wallets, allowing you to use the sleek Exodus interface with the robust security of a hardware wallet. So while Exodus is a hot wallet, you can still pair it up with a cold wallet for even better security.
Pro Tip: Never give out your private key or your recovery phrase to anybody. Companies like Exodus will never email you asking about your private key or recovery phrase; you will only ever need those if you are recovering a wallet. Exodus supports more than 115 cryptoassets in total (coins and tokens). The most notable coins supported by the wallet are: I think what got my attention the most with Exodus is the genuine interest the founders have in their users’ opinions. JP and Daniel (the founders) are showing that they’re here to stay. You can see it in the simple-to-understand support videos they’ve uploaded, the multiple communication channels they supply on their site, and the direct messaging platform to the founders via Slack. Support can also be reached directly from within the wallet (not just from the site). Here are all of the support options: Checking out online Exodus Wallet reviews, I found out that Exodus receives a “Great” rating on Trustpilot. This includes very polarized reviews, either applauding the wallet for being easy and enjoyable to use, or complaining about one of two issues: As an Exodus user, I can say that I never had a major issue with the wallet, and whenever I did have a request or question, I always got a prompt reply. While Exodus excels in its user-friendly design, some users may seek features that Exodus does not fully offer. Best Wallet, a non-custodial, multichain wallet, shines as a top alternative for users who want a combination of advanced tools and complete ownership of their private keys with more crypto pair options. Here’s what makes it stand out: Getting started with Best Wallet is quick and simple. Download the app from your iOS or Android store and launch it. Follow the prompts to either create a new wallet or restore an existing one using your recovery phrase. Once this is done, set up a secure PIN or enable biometric authentication for added protection. You can now start adding funds, purchasing crypto, or managing your assets—all within its intuitive interface. I review a lot of Bitcoin wallets, and rarely do I stumble upon a wallet that is truly outstanding like Exodus. For my personal needs, this wallet is almost perfect – “almost” and not “perfect” due to the lack of fee management for altcoins. The addition of custom fees management for Bitcoin is a step in the right direction. There’s no doubt that if you’re new to the crypto space, Exodus is an excellent choice for you. As always, make sure to take your own precautions for wallet safety and always protect your private keys. See Also: How to Buy Dash – A Beginner’s Guide The Exodus wallet should be as secure as any software wallet can get. The two main security features the wallet offers are Password protection for your wallet. Automatic wallet lock after a selected period of time. Exodus also states it’s important to verify you’re downloading the wallet only from a trusted source (i.e. their website). You can verify your Exodus download is authentic using this process. Additionally, Exodus does not require any registration and the company does not have any access to your private key or information. One thing to keep in mind is that Although Exodus is built on many open source components, there are components of Exodus that are not open source. When exchanging assets through the Exodus wallet, Exodus gets a small commission from the trade. Exodus Wallet is a cryptocurrency wallet that is known for its user-friendly interface, multi-blockchain support, and strong security features, making it ideal for both beginners and experienced users. The Exodus wallet provides a 12-word secret recovery phrase, which can be used in case you lose access to your wallet. The secret recovery phrase can be stored on your iCloud or Google Drive account for safekeeping. Other security features include PIN, password, and an auto-lock feature. Exodus Wallet, however, does not support two-factor authentication (2FA). Users can follow best security practices such as using VPN, securing secret recovery phrases, and using 2FA in their iCloud and Google Drive accounts. Exodus Wallet is free to download and use. Exodus is a software wallet that is known for its ease of use and free-to-download nature. It is available as an Android/iOS smartphone app and a desktop wallet. To withdraw cryptos from your Exodus Wallet, simply add the correct wallet address in the recipient’s address bar. Ensure that you have enough tokens to pay for gas fees. Established in 2013, 99Bitcoin’s team members have been crypto experts since Bitcoin’s Early days. Weekly Research Monthly readers Expert contributors Crypto Projects Reviewed
Supported Coins
Customer Support and Reviews
Exodus Wallet’s Competitor: Best Wallet
Features
Pros
Cons
Simple Sign Up
Conclusion
Exodus Wallet
Free
Pros
Cons
FAQs:
Is Exodus Wallet Safe?
How Does Exodus Make Money?
What is Exodus Wallet?
How safe is Exodus Wallet?
How much does Exodus Wallet cost?
What kind of wallet is Exodus?
How to withdraw from Exodus Wallet?
References:
Why you can trust 99Bitcoins
