My New Best Bitcoin and altcoin Wallet – Exodus Wallet Review

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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.

Ofir Beigel

Owner at 99 Coins ltd.
Blogger and owner of 99Bitcoins. I've been dealing with Bitcoin since the beginning of 2013 and it taught me a lesson in finance that I couldn't get anywhere else on the planet. I'm not a techie, I don't understand "Hashes" and "Protocols", I designed this website with people like myself in mind. My expertise is online marketing and I've dedicated a large portion of 99Bitcoins to Bitcoin marketing.

Exodus Wallet

Free
Exodus Wallet
9.02

Design

10/10

    Ease of use

    10/10

      Support

      10/10

        Security

        9/10

          Reputation

          8/10

            Pros

            • Great design
            • Intuitive interface
            • Multiple support channels

            Cons

            • New company = low reputation
            • Not open source

            Leave a Reply

            66 Comments on "My New Best Bitcoin and altcoin Wallet – Exodus Wallet Review"

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            Adelle Nothnagel
            Guest
            Member
            Adelle Nothnagel

            Hi,
            Thank you for a very informative review. I am new to Crypto and bought a few coins which is currently still in my wallet on the exchange.
            Can I use Exodus for all my coins i.e.. ETH,PAY,OMG,CVC,NEO,BQX? or do I have to store my coins in more than one wallet.
            MyEtherWallet seems to be one where I can store most coins but I like the look of Exodus.
            Thanks.

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hi Adelle, you can store several altcoins in Exodus, here is the list on their website: http://support.exodus.io/article/96-exodus-wallet-roadmap

            Adelle
            Guest
            Member
            Adelle

            Thank you so much for the info.

            hal
            Guest
            Member
            hal

            I am a fairly new to the crypto world…i have purchased coins using coinbase and have now moved all my currency to Exodus for better safety…..now my question is….if i want to remove my currency from Exodus to “cash out”, how do i do that….in coinable, i has a bank account attached to it, so that was easy to convert back over, but i do not see anything like that here…..thx.

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hi Hal, Exodus is a Bitcoin wallet while you can buy and sell Bitcoins on exchanges, like on Coinbase. You just need to send your Bitcoins from Exodus to Coinbase and then you can sell them there.

            hal
            Guest
            Member
            hal

            sorry, i failed to proof….in coinbase , i have a bank account attached to my currency, so it is easy to convert back to cash

            David
            Guest
            Member
            David
            Exodus was the first desktop wallet I ever downloaded. It’s beautiful, intuitive, and functional, as you have said. The one fatal flaw, however, are it’s fees. I can send hundreds in Bitcoin from exchange to exchange for literally pennies, but every time I attempt to send money with Exodus, I am slapped with $5 to $8 fees! It’s outrageous as I can actually send cash via Western Union more cheaply. As a result, it’s now just a pretty picture on my desktop when I open it up. I’ve only got $10 left in it and it’s not even worth retrieving.… Read more »
            ProbablyDrunk
            Guest
            Member
            ProbablyDrunk

            Seriously? That is not good. Guess I won’t be using it then.

            David
            Guest
            Member
            David

            Yep. Whenever you go to send a small amount of coin (possibly even a larger amount as well>) they slep you with an unusually karge fee, and the claim that it’s to “discourage frivolous transactions.”

            ProbablyDrunk
            Guest
            Member
            ProbablyDrunk

            Weird. What’s wrong with frivolous transactions?

            bill
            Guest
            Member
            bill

            A pretty, easy wallet to use until you send your wallet money elsewhere. I transferred $ 32 elsewhere I had to pay over $ 7 a transfer fee !! ie 39 and thighs, I can not recommend the use of this wallet!

            Craig
            Guest
            Member
            Craig

            I have a question:

            If, for some or any reason, the Exodus company disappeared from the world, would my Exodus bitcoin wallet still operated correctly? Would my alt-currency still be held safe and transferrable to various recipients and exchanges? I surely do hope the answer is: yes … no problem

            Charlie Bass
            Guest
            Member
            Charlie Bass

            Maybe a foolish question , however, is it possible to bring funds in USD from a credit card or a bank into this wallet to convert to BTC to move into various programs? Amounts from a couple of hundred dollars up to a couple of thousand dollars? If yes, how do the fees compare to CoinBase in particular?

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hi Charlie, Exodus is a wallet which stores your Bitcoins. You can buy Bitcoins on exchanges then you can transfer the coins into Exodus wallet. Here you can read more about the different wallet types: https://99bitcoins.com/what-is-bitcoin-wallet-bwbt-3/ and here where to buy Bitcoin with credit card: https://99bitcoins.com/how-to-buy-bitcoin-with-a-credit-card/

            Brian
            Guest
            Member
            Brian
            Like many commenters here I’ve been very pleased with Exodus. I have little time for those that don’t try it but still express a hostile opinion. The wallet is perfect for my needs. I feel obliged to add my experience of Exodus support. Quite simply, on the two occasions I’ve needed it it’s been brilliant. I hasten to add that the need for support has been mainly down to my own ignorance, and the people who have responded have been very patient and very helpful. I hope that they manage to maintain this aspect of their performance as they scale… Read more »
            Andy
            Guest
            Member
            Andy

            ANTIVIRUS PROBLEMS

            Hi
            with my windows 10 and Panda antivirus Exodus is blocked and removed as is considered a virus. Someone is experiencing the same problem?

            John
            Guest
            Member
            John

            The most friendly user wallet i have encounter. Nice and lovely design and the best support team.
            The only thing that failed in my opinion was that with one click on the Exodus, anyone can open the it.
            Wish they would have a password or a pop-up screen asking for pin combination 2x like that of trezor.
            Other than that everything is 10/10 for Exodus

            Sean T
            Guest
            Member
            Sean T

            Hey John,
            If you click on “BackUp”, after your first deposit. you can setup a password for yourself and emailbackup + Private Key. I’m not sure about a 2 step authentication setup yet though.

            Joey
            Guest
            Member
            Joey

            CONS
            New company = low reputation
            Not open source

            No Thanks.

            don
            Guest
            Member
            don

            I read a lot of good and bad comment about exodus…related to exchange fee is too high even they said they don’t take any fee…i think this is misleading and make user confuse of their statement..scam to me btw..be careful.

            Moses
            Guest
            Member
            Moses

            I am happy with exodus. I opened an account about a month now. Every thing is going fine. After reading the comments of some of the users, I am in agreement with them that security of the wallet needs to be improved. I look forward to that.

            Dave
            Guest
            Member
            Dave

            I just installed this and have a question. I can go right into the wallet without it asking for any password or authentication. Couldn’t someone just hack my machine and open this app and send my stuff?

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hi Dave, I think the best if you contact Exodus support (http://support.exodus.io/help_center) if you are unsure whether your account is safe or not. On there site they have a video about how to protect you assets, the security function is available once you have transfered funds to the account http://support.exodus.io/knowledge_base/topics/how-can-i-password-protect-my-assets

            chris
            Guest
            Member
            chris

            you need to recieve crypto (even a tiny amount) before you can use the backup & password feature

            Abhijit Saha
            Guest
            Member
            Abhijit Saha

            Just more than awesome for me! I’m in Love with Exodus, though Exodus isn’t a girl unfortunately!
            Yes, there are few lacking (which are gonna be fix in a near future I believe) about the security, but their super-sonic fast & very attentive supporting level makes me feel very much secured. Without any doubt, Exodus will go many a mile ahead than many other popular wallets available now a days.

            Love You Exodus.

            ray van
            Guest
            Member
            ray van

            make this work with ledger Nano S for security and you can corner the entire market. Everything looks fantastic, but security is my #1 concern.

            George
            Guest
            Member
            George

            SECURITY…

            Is this wallet a secure place to keep large amounts of different currencies?

            I can only hope this works with Windows 7 as it will make my life so easy.

            George
            Guest
            Member
            George

            I have downloaded and installed Exodus on my computer running Windows 7/64. I LOVE the layout!!

            Is Exodus going to work just fie on Windows 7? I ask because when I was installing it said something about Windows 10 and higher. I hate Windows 10 and pray this will work with Windows 7.

            Thanks in advance for any help you can offer!!

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hi George, it should be working fine, not sure what was the message you saw, might be that Microsoft will not support Windows 7 in the future which makes your PC more vulnerable to threats.

            Mike
            Guest
            Member
            Mike

            Can I transfer from Exodus into a Bitcoin paper wallet and out back into Exodus again
            keeping the bulk of Bitcoins in a paper wallet sealed in a fireproof safe.

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hi Mike, yes you can send the coins to the paper wallet, here is an article for you that might be useful: https://99bitcoins.com/know-more-send-from-paper-wallet/

            Dave
            Guest
            Member
            Dave

            Recent user, 100% recommend, really like, urgently needs mobile interface

            Wilkin
            Guest
            Member
            Wilkin

            It keep disconnecting!
            Whenever I start the wallet, about 2 minutes later it show me a disconnected error on the top, I do not have this problem with Jaxx or other wallets i have used!
            I wish they fix it, because I truly LOVE this interface!!!

            Chase
            Guest
            Member
            Chase
            I had an issue with doing 2 exchanges yesterday. When I called the support number (Good Friday) not only did the phone only have to ring once or twice, a human picked up. Not just any human though it was one of the cofounders. He was polite, thoughtful and accommodating to my needs. I’m new to the crypto world. He could have easily brushed off the issue, the company could’ve sent my call straight to voice mail and or many other brush offs. I understand their transaction fees will be higher than most but that is to insure the quickest… Read more »
            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hey Chase, thanks for the detailed feedback, it is good to see the Exodus customer support is that responsive even during holiday season.

            Georeg
            Guest
            Member
            Georeg

            Have been using Exodus for about a week now. Very easy to setup and use. Great look and design. exchange of digital coins is very fast and costs are acceptable. Am concerned alittle about security would hope for 2FA to added in near future. Not that worried about open source now. Will be using it this weekend to move btc/eth from us exchange making alot of new changes very fast. also impresseikd with the founders customer service.
            I like Exodus alot.

            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Thanks for the feedback Georeg, hopefully they will add 2FA in the future.

            Luke Parker
            Guest
            Member
            Luke Parker
            I love the UX on this wallet and wish all wallet developers would look into upgrading their design to be more like it… Noobs can easily understand it and the ability to trade inside of it shouldn’t be overlooked. Very cool feature. Sadly, There are several security flaws; not the least it not being open source. The email restore system simply cannot be hacker proof. Email is the worst medium on earth to send passwords/seeds over; No matter how encrypted or incomplete they are, hackers will see them as a major head start to hacking an account. I wouldn’t recommend… Read more »
            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hey Luke, thanks for the feedback. You are right, security is always one of the most important feature of a wallet.

            Karin
            Guest
            Member
            Karin
            As a non-nerd owner of Ether and Litecoin, I was sick of having to download the whole Ether blockchain several times from scratch. Looking for a simpeler wallet I found Exodus and was surprised by the possibility to also store Litecoins. I also imagine that the more coins you have, the more annoying it will be to have a different wallet for each of them. At the first glimpse after opening I was struck by it´s logic, beauty and easy to use interface. Before moving my assets I had some noob questions, that where quickly responded by JP. This friendly… Read more »
            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Thanks for the feedback Karin, indeed Exodus is an easy to use wallet.

            Bitedge
            Guest
            Member
            Bitedge

            Exodus wallet has bad privacy and security. The main problems with Exodus are

            * Enforces address reuse.
            * Accepts weak passwords.
            * Closed source.
            * No 2FA.

            These would all be pretty easy to fix and have minimal effect on ease of use. 99 bitcoins why are you rating i5 8.5 for security? FWIW Exodus is the most beautiful wallet I have seen.

            JP Richardson
            Guest
            Member
            JP Richardson
            Before I copy and paste my response to your multiple Reddit posts, I’d like to add an addendum regarding the passwords. While I agree our UI with the passwords could be better, it’s very hard to brute-force Scrypt-stretched passwords. (my response copied from Reddit) Hey James, Exodus co-founder here… Thank you for writing this and sharing your thoughts and perspectives with everyone. Positive and negative feedback is what helps us to improve and to build a better product. Without feedback like this, we’d be blind to our own problems. I’ll take each on of your criticisms one-by-one… > Exodus forces… Read more »
            FunnyGuy
            Guest
            Member
            FunnyGuy
            Have been dabbling in CC since 2012. Started with BTC, now own (“part owner”) of an Ethereum farm. I have been spreading my digital fortune across the internets with regard to scandalous businesses such as “Genesis-Mining”, to the notorious Mt. Gox and everything in-between) since then with the hopes of better rallying the troops in the CC-scene. My takeaway on Exodus.io; The Pro’s: – Ridiculously simple to comprehend interface. (“User Friendly”) – Just as ‘user-friendly’ on my laptops RAM. (Uses low amounts of memory, have not had a single hang/freeze since first download). – They don’t take/charge any “fees” if… Read more »
            Zsofia Elek
            Admin
            Member
            Zsofia Elek

            Hey, thank you for your detailed feedback. We really appreciate this useful review on Exodus.io.

            Arnost
            Guest
            Member
            Arnost

            Thanks for these articles, I appreciate that for all your enthusiasm you did not forget to include the part about it not being open source. For other readers, if the complete code is not open to scrutiny, it multiplies potential risk, and with Bitcoin it is more relevant since it is you who is solely and only responsible for your assets.

            Francis Baker
            Guest
            Member
            Francis Baker
            So I had an issue with Exodus when it first launched I made sure I had 10 words backed up, I ended up losing the recovery email and I had to restore my computer. So I was trying to restore my wallet and I couldn’t figure it out, so I thought well why not give Exodus a call, (I was personally didn’t expect them to answer as I thought it was a Google Voice, we will call you back etc) but no JP answered I explained what happened, and well he told me currently it wasnt implemented I was think… Read more »
            yeahright
            Guest
            Member
            yeahright

            Doesn’t allow you to install it where you want. If Windows gets corrupted you’re SOL. If you don’t install Bitcoin apps to the C drive then tough luck.

            Anonymous
            Guest
            Member
            Anonymous

            Is there only the 4-5 currencies or is there more

            burningserenity
            Guest
            Member
            burningserenity

            That UI looks fabulous, but the wallet lacks certain features I can’t live without. I’ll stick with Armory.

            Buckarooz
            Guest
            Member
            Buckarooz

            Thanks for this article, this is exactly what I have been looking for since having problems with an online wallet.

            Jorryl Jaucian
            Guest
            Member
            Jorryl Jaucian

            This Exodus Wallet made me lose a fortune! Thanks to its shitty programming the wallet became corrupted for no reason! Any help would be appreciated.

            Adam
            Guest
            Member
            Adam

            I love this wallet. Its fast and organized like non other. I’ve sent all of my currencies back and fourth with no problems. Also, did I mention it was fast? Just a great wallet.

            Col
            Guest
            Member
            Col

            Hiya, Having read about Bank To The Future’s involvement, and being a shareholder there I thought I’d give it a try. I was also a little concerned about holding bitcoins in Coinbase, just because I don’t use them a lot. Anyway, upshot is installation and transfer of funds was a breeze. The Exodus app looks gorgeous too, so thanks for the link:-).

            carp
            Guest
            Member
            carp

            how can u recommend a wallet not open source…when your readers get stolen from its on you…….

            CryptoReporter
            Guest
            Member
            CryptoReporter

            Excellent wallet! Developers are great to talk to and this is just a great app all around. Works flawlessly on Ubuntu linux.

            Ron
            Guest
            Member
            Ron

            I have been using Exodus since the release. It’s a wonderful assets wallet for sure. And I will continue to use it. I agree that they need a mobile app to link Exodus to, it would make exchanges and transfers much easier on the go. I love the app the company and the devs, I can’t wait to see what they can do in the near future.

            wpDiscuz
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