My New Best Bitcoin and altcoin Wallet – Exodus Wallet Review

It’s been a while since I reviewed Bitcoin wallets. The reason for this is that most Bitcoin wallets are basically the same so rarely do you stumble upon a wallet that is innovative.

Until today…

A few days ago I got an email from one of my subscribers telling me he didn’t take my advice for the best Bitcoin wallet and used the Exodus wallet instead. He then went on to glorify the wallet’s interface and ease of use. I wasn’t aware of such a wallet so I looked it up online and apparently Exodus is indeed a new Bitcoin wallet.

Before going any further watch this video and see for yourself why it’s so unique.

Exodus wallet review

Exodus seemed to have been launched a month ago (July 2016) and still hasn’t gained enough reputation in the Bitcoin community. Actually Exodus is not just a Bitcoin wallet, it’s a “Blockchain assets wallet”. This means you can store Bitcoins, Litecoins, Dash, Ether and Dogecoins on Exodus all together.

But this is not all that makes Exodus so unique, here are the main things that I found so appealing:

Beautiful and intuitive design

Probably the strongest suite Exodus has is its user interface. Even if I didn’t know nothing at all about Bitcoin or cryptocurrencies I would still be able to use this wallet. It reminds me of Circle in the simplicity. 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.

Here’s how an overview of your blockchain assets looks like:

exodus bitcoin wallet

Nice huh? :)

Information is stored on your computer

Since Exodus is a desktop wallet navigation is fast and the private keys to your cryptocurrencies are stored on your machine. Exodus is a litewallet so you don’t need to download the whole Blockchain to your computer like you do with Bitcoin Core. Exodus is currently compatible with Mac, Windows and Linux. If you need to back up your wallet there’s a VERY simple step by step wizard built in inside the wallet that will help you do so.

You will also receive a backup link via email if you want to install Exodus on a another machine (say your computer gets destroyed). It’s all very secure through the use of a password and a mnemonic phrase (in case you forget your password).

You can trade cryptocurrencies from inside the wallet

One of the best features of Exodus in my opinion is the ability to trade your altcoins for Bitcoin and vice versa. Exodus has a built in exchange (powered by Shapeshift) that allows you to trade cryptocurrencies in seconds. You can’t buy coins with fiat, but since the whole idea of Exodus is to move away from any verification processes and dealing with banks I think that fits in perfectly.

The founders seem genuinely interested in their users’ opinion

It’s OK to make a crappy product, it’s not OK to leave it that way. I think what got my attention the most is the genuine interest Exodus’ founders had in their users opinion. Of course they are only about a month into running this project but something tells me JP and Daniel (the founders) are here to stay. You can see it in the simple to understand support videos they’ve uploaded, the multiple communication channels they’ve supplied on their site and the direct messaging platform to the founders via Slack.

Is the Exodus Wallet here to stay?

To sum things up, Exodus looks like a complete hit. The only downside I can see at the moment is the fact that the company and wallet haven’t gained enough reputation yet. Combine that with the fact that the Exodus code isn’t open source and you will always arouse some suspicion from the crypto community. Also, in order to become a true killer app the developer will have to continue and expand to mobile as well in my opinion.

But I believe that as time goes by and more early adopters come on board Exodus will quickly gain its loyal user base.

Click here to check out Exodus for yourself

If you’ve had any experience with the Exodus wallet I’d love to hear about it in the comment section below.

Exodus Wallet

Free
Exodus Wallet
9

Design

9.5 /10

Ease of use

9.5 /10

Support

9.8 /10

Security

8.5 /10

Reputation

7.8 /10

Pros

  • Great design
  • Intuitive interface
  • Multiple support channels

Cons

  • New company = low reputation
  • Not open source

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shane
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shane

Hi I have just got coinbase and made my first ever purchase of bitcoin!! now i have the Exodis Wallet, Can you tell me how i take my bitcoin and put it into my Exodis Wallet plz? I would like to make a purchase eventually and This is my first time buying my Bitcoin and its a lot of money that I am playing with! Kind Regards Shane

Templarknight
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Templarknight

The wallet itself is really excellent in nearly every way. The only problem I see with it ( other than a few security issues ), is that the folks behind it’s design and implementation are most probably engaged in a conspiracy with the IRS and God knows what other agencies. You will notice that whenever you do a transaction like sending to another wallet or exchanging one coin type for another, the last stage of the transfer is delayed for a pointed question. That question, presented just before you press the SEND button, asks you to confirm that you are… Read more »

dee
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dee

I have some LCC in my LCC wallet which is compromised since I had to enter my private key in order to receive them. Does Exodus support LCC, or is there some other wallet where I could put them?

JustMeeh
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JustMeeh

I have been obsessively researching the safest wallet, with the lowest fees, with the BEST variety of cryptocurrencies accepted, and the easiest UI to use. In my searches and research, barring external hard drives like Trezor and Ledger Nano S, I whittled my list down to CoinBase for an EXCHANGE, and 3 wallets that I still can’t decide on. Coinomi Binance Exodus They all work with CoinBase and Coinbase is compatible with Trezor and Ledger Nano S, but reading your website’s articles on all 3 of these companies, you gave Exodus a 9, Coinomi an 8.5, and Binance an 8.7… Read more »

Michael Lasota
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Michael Lasota

I signed up to Exodus wallet because it looked pretty and efficient. The funds grow and drink with the market and that’s nice. PROBLEM: The fees to send money. I have 0.00067132 BTC in my wallet. I want to send it to another wallet, or even pay for an item, the TOTAL COST to empty my wallet is 0.00150893. That’s more than twice the money I even have in my wallet. How does this make sense? I would never recommend a wallet that has such high fees. In Taiwan, $360twd is a lot of money, and I want to use… Read more »

Chris
Guest
Chris

Hi Ofir,

just took your advice and tried Exodus.

The result: I transferred 100 EUR as test to Exodus. 86 EUR arrived. I know the service I used takes 4 EUR, but the other 10? No clue.

Can you help? Do you know where those 10% could have gone?

Thanks!

Chris

Philip
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Philip

I’d be interested to hear from any security buffs regarding Exodus operating on a Macbook Pro with FileVault & Firewall running; i.e.,is it less vulnerable to keystroke hackers; can spoof keys be installed . . .? than macs & PCs without additional security; are we closer to cold wallet security?

Gary
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Gary

Will I received my new coins from the hard forks if my money is in Exodus?

Hymer
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Hymer

why does the screenshot show Monero in the portfolio, when Exodus does not support this coin?

Marco
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Marco

Very expensives fees!!, they are thieves. I sent 1 U$S in BTC and I paid almost 2 U$S fees!!. I prefer Mycelium