Exodus Wallet Review: The Pros and Cons

Exodus Wallet Review The Pros and Cons

Exodus is a multi-asset cryptocurrency wallet with built-in exchange features. It was launched in 2016. And it is one of the most popular bitcoin wallets, with over 2 million users.

In this Exodus wallet review, we’ll take a look at the features that make this wallet stand out, as well as some of the potential drawbacks.

What is the Exodus Wallet?

What is the Exodus Wallet?

The Exodus Wallet is a digital currency wallet that allows you to store and use various cryptocurrencies. It was created in 2015 by Richardson and Daniel Castagnoli.

The Exodus wallet makes it easy to access your coins and make transactions, and it provides users with security features such as two-factor authentication.
Additionally, the team is constantly working on new features and updates that improve its usability.

How to use the Exodus Wallet

Exodus is a web3.0 and software-based wallet, in other to use this wallet, you will need to download and install the wallet on your computer or mobile device or set it up via the chrome extension. The wallet is available for Windows, Mac, Linux, Android, and iPhone users.

Once you have downloaded the wallet, you will need to create an account and keep your login details safe.

After your account has been created, you will be able to access your wallet and start using the auto-generated passphrase.

Exodus Wallet review [the benefits ]

Exodus Wallet review [the benefits ]

Here’s everything you know about your new Exodus wallet benefits.

1). Easy-to-use interface

The Exodus wallet is a user-friendly, one-stop shop for all your cryptocurrency needs. It supports over 150 cryptocurrencies. You can even use it to send or receive payments from other users.

2). Supports multiple devices

Unlike Trust wallet, Exodus wallet supports multiple devices and you’ll be able to access your account from anywhere at any time by using the same login details you already have.
Easy integration with decentralized finance (Defi) Platforms.

The Exodus wallet can seamlessly be linked with decentralized finance systems such as Ethereum, Solana, and Uniswap. It offers an extensive array of tools for managing your cryptocurrency portfolio.

The drawbacks of the Exodus Wallet

Exodus Wallet has a number of features that make it a popular choice for those looking for a digital currency wallet.
However, there are also some drawbacks to using the Exodus Wallet that should be considered before deciding whether or not it is the right choice for you.

One of such drawbacks of the Exodus Wallet is that it is not an open-source wallet. This means that the code for the Exodus Wallet is not available for anyone to review or audit.

This can be a problem for some users because there is no way to know for sure if the Exodus Wallet is secure or not.

Exodus wallet-supported currencies

Exodus wallet-supported currencies

The Exodus wallet supports a long list of cryptocurrencies, including the following:

  • Bitcoin
  • Ethereum
  • Litecoin
  • Dogecoin
  • Ripple
  • Dash
  • Zcash
  • Bitcoin Cash
  • Ethereum Classic
  • Augur
  • ICON
  • NEO
  • Stellar, and more!

Each cryptocurrency supported by Exodus has its own unique features and benefits. So if you’re looking for a wallet that supports a specific coin, be sure to check and see if Exodus is the right fit for you.

How secure is Exodus as a crypto wallet?

Exodus is a software base wallet and it is secure, nevertheless, the buck of its security is dependent on you. The device it is installed on and your security practices can help to increase the already builtin security features.

As an added security, Exodus wallet also supports Trezor hardware wallet integration.
Here are several things you can do to protect yourself and your funds:

  1. Never download any software from an untrusted website or email attachment.
  2. Do not click on links in emails or social media messages unless they come from people you trust.
  3. Use two-factor authentication whenever possible (e.g., Google Authenticator).

Features of Exodus Wallet

Some of the features that Exodus Wallet offers are:

  • Multi-currency support: Exodus Wallet supports over 150 different cryptocurrencies.
  • Easy to use: The Exodus Wallet is designed with a simple and user-friendly interface.
  • Security: Exodus Wallet offers a number of security features, such as two-factor authentication and a security lock.
  • NFT support: Exodus wallet allows for easy integration with web3.0 platforms. With Exodus wallet, you can access your favorite NFT marketplaces.
  • Privacy: Exodus Wallet does not require KYC (Know Your Customer) or AML (Anti-Money Laundering) verification.
  • Exodus Wallet is a free wallet, with no monthly or yearly fees.

Bottom line

Exodus is a popular cryptocurrency wallet that offers a variety of features, including a built-in exchange. While it has many positive aspects, there are also some potential drawbacks to consider.

Overall, Exodus is a good choice for those looking for a multi-asset wallet with built-in exchange features and an NFT gallery.