Pros:
Allows users to retain their private keys
Supports multiple cryptocurrencies
Beautiful user interface
Easy to use, beginner friendly
Available as a mobile application too
Cons:
Doesn’t allow manual transaction fee decision
Doesn’t offer two-factor authentication
Does not support multi-signature addresses
Not fully open source
What is exodus wallet?
Exodus is a desktop-based online multi-currency wallet that lets you hold Bitcoin, Bitcoin Cash, Ethereum and a host of ERC20 and other digital coins. It supports close to 100 digital currencies and offers users in-app trading via ShapeShift. It stores the user’s private key on his machine, making the wallet more secure than an exchange wallet. Though it cannot be considered as secure as a hardware or paper wallet, it lets users retain control of their private keys which is crucial in terms of development. It is also a lite wallet, which means that the users never have to download the entire blockchain on their systems to engage in transactions.
The wallet was founded by JP Richardson and Daniel Castagnoli. Richardson is the Chief Technical Officer of the project and has published over 200 open source libraries to date. His codes are being used in several Bitcoin and other crypto software. Castagnoli is the Chief Creative Officer has previously worked in the design teams of BMW, Disney, Apple, Nike, and Louis Vuitton. The wallet was launched in mid-2016 and quickly started getting attention from users from its user-friendly design and highly intuitive user interface.
What cryptocurrencies does Exodus Wallet support?
It includes popular coins like-
Bitcoin (BTC)
Ethereum (ETH)
Litecoin (LTC)
Tron (TRX)
Bitcoin Cash (BCHABC)
Dash (DASH)
Binance Coin (BNB)
Ethereum Classic (ETC)
EOS (EOS)
Zcash (ZEC)
Bitcoin SV (BSV)
Bitcoin Gold (BTG)
Ripple (XRP)
How to open an Exodus wallet account?
Exodus is a desktop based wallet account. Therefore, users must first download the application on their systems and then create an account. Here are the steps to creating your own Exodus wallet. Visit the official website of Exodus wallet. Double check if you are not using a phishing website. On the top right corner of the website, you will find the ‘Download’ button. Click on it. On the next page, choose your operating system. Exodus is available for Windows, Mac, and Linux. Run the downloaded file and install the wallet. Your wallet is now ready to use. No sign up necessary.
Key Features
- Functionality – Exodus provides a high quality user experience, and combines an aesthetically pleasing UI with an intuitive design. The desktop software client contains a wallet, portfolio tracker as well as store a wide range of digital currencies.
- Flexibility – Exodus is available to Windows, Mac, and Linux users, and in addition to its internal integrated features, Exodus also provides an easy to use mobile app that is currently available to iOS users with Android support planned for the future. It also supports over 100 cryptocurrencies including popular currencies such as Bitcoin (BTC), Binance Coin, (BNB), Litecoin (LTC), EOS, and Monero (XMR). Ethereum (ETH) and a host of ERC-20 tokens are also supported.
- Security – As a “hot” wallet, Exodus requires its users to create and use secure passwords, and when first installing the wallet, users are provided with a 12-word recovery seed phrase that is used to restore the wallet in the case of an emergency. The wallet also integrates with a Trezor hardware wallet and doesn’t require any personal information, and users’ private keys and transaction data are encrypted and stored locally on their devices.
- Customer Support – The team provide a good range of support.
Conclusion
Exodus has a lot going for it, and remains one of the most impressive services on offer in the cryptocurrency sector. Its core features and clean, modern design have brought the wallet a significant user base, and the team continue to innovate and improve on its functionalities.
The wallet currently incorporates a slick dashboard with live charts and multi-coin storage support. The team also provide top class customer support, constant updates, and educational resources that go a long way in helping to maintain the positive sentiment that surrounds the project.
