The Exodus wallet is a multicurrency cryptocurrency wallet. It is packed with numerous features such as an option that allows users to stake assets directly within the wallet to earn passive income, and users can even exchange cryptocurrencies within the wallet. Exodus wallet supports thousands of assets, and their instant exchange integration feature allows users to swap over 100 supported digital currencies, meaning the coins never have to leave the safety and security of the user’s own wallet.
Here's what the process looks like for desktop:
Download the Exodus Wallet, which is available for Windows, Mac and Linux. It's best to download the wallet from the company's website.
Once the wallet has been downloaded and installed, you need to secure your wallet. This isn't something that's part of the installation process by default. To do that, you need to click on the gear icon to bring up settings.
Then, click on either the security tab to create a strong password.
Now, Exodus will automatically generate custom recovery phrases. It's important that you keep them safe because they will be required to access your wallet.
Exodus will then ask you to verify the recovery phrase.
Once that's done, you're good to go.
Yes, Exodus is one of the most well-established, reputable, and secure crypto wallets available. The team behind Exodus are completely public and the company itself went public in 2021. The founders of Exodus are highly respected within the crypto community and the team are dedicated to the betterment of the entire crypto industry. The company ensures that the wallet passes multiple audits and as the wallet is non-custodial, the user remains in full control over their crypto assets and the company does not collect any personal information on behalf of the user.
Exodus reviews online are also overall positive, with high rankings in both the IOS and Google Play stores. There is also a lot of positive sentiment regarding Exodus reviews on the Exodus Reddit forum.
Exodus is 100% free for users looking to download the app and send/receive crypto. Almost all blockchain transactions incur network or miner fees (with a few exceptions). Other than these transaction fees, 100% of which go to the network, Exodus does not charge fees for sending. You will never pay transaction fees when receiving in Exodus.
Users will experience fees if they choose to exchange assets within the wallet. Exodus charges a small fee in the form of an exchange spread on swaps made in the wallet, you can find out more on the Exodus Fees page.
Exodus Wallet, as a company, has never been hacked. The wallet undergoes regular security updates and audits to ensure it remains as secure as possible. It is important to understand that as a non-custodial wallet, much of the responsibility with security is in the hands of the user. Cryptocurrency wallets are only as secure as the devices that they are installed on. If a user’s computer is full of malware and viruses, any non-custodial wallet is at risk of being breached.
No, Exodus is a self custodial wallet with build in exchange functionality. Exodus users can exchange assets from directly within the wallet thanks to third party exchange processors.