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

            63 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 »
            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.

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