The Exodus software wallet is a beautifully designed and feature-rich cryptocurrency wallet. The wallet has generated a lot of hype and excitement since it’s release in July of 2016. Now, the Exodus wallet is one of the most highly sought after crypto software wallets. This is due to a variety of reasons and largely because it is packed with innovative and advanced features. See below, a list of Exodus’s most prominent features.
The Exodus wallet supports far more than just Bitcoin. The wallet supports all the major cryptocurrencies as well as an extensive array of altcoins including all ERC20 tokens and others.
The entire wallet interface is one of the most beautifully designed wallets we have seen. It is very intuitive and easy to use with a visual representation of your crypto assets via a pie chart. This allows users to more easily manage their portfolio and keep track of their crypto assets and their values from within the wallet. As well, all of the available features are clearly shown in a menu stretching down the left of the screen. The wallet is extremely easy to use and understand.
Users of the Exodus wallet can trade their cryptocurrencies from within the wallet using the wallet’s built-in cryptocurrency exchange. The in-wallet crypto exchange is made possible due to ShapeShift API integration.
Exodus is a litewallet which means the user does not need to download the entire blockchain to their computer. Therefore, the wallet is very fast, responsive and convenient.
The Exodus wallet is built for the mainstream cryptocurrency user and is thus very easy to setup and use. The entire installation and setup process can be completed in minutes and walks the users through step by step. See below, just how easy it is to start using the Exodus cryptocurrency wallet.
Using your desktop computer, navigate to the official Exodus website and download the Exodus wallet for your operating system (Windows, Mac, Linux). Be sure you are on the correct website and not a phishing site. Once downloaded, install the wallet and open it up.
Once the wallet is opened, you will need to fund the wallet with some cryptocurrency to get started with the rest of the setup process. So, click the wallet tab on the left-hand side of the screen and then select a cryptocurrency you would like to deposit into the wallet, (you must already own a supported cryptocurrency as the Exodus wallet doesn’t support fiat currency for buying cryptos).
Click the receive button under the cryptocurrency you selected in the previous step and your receiving address and QR code will show up. Send an amount of cryptocurrency to this address, (it must be the same kind of crypto as the receiving address).
Once the cryptocurrency is deposited click the Backup tab on the left-hand side of the screen. You will then be prompted to create a secure password that will be used for accessing your account. Once you create and verify your password, you will be shown a 12-word recovery phrase. Write this phrase down on a piece of paper in sequential order and store it offline in a safe and secure place. Then you will be required to type in an email address for the email recovery link.
Your account is now successfully backed up and complete. Users can now click the portfolio tab to see their account holdings, click the wallet tab to send and receive funds, and click the exchange tab to exchange between cryptocurrency assets via the ShapeShift exchange integration.
The support offered by the Exodus wallet is phenomenal. On the Exodus website, users have access to an extensive knowledge base that features over 100 articles explain features, troubleshooting, fees, and other general topics. As well, users can browse an extensive FAQ list with a built-in search function. If for some reason you can not find what you’re looking for, support representatives can be reached via email or through various social media channels. All in all, the customer support is exceptional for the Exodus wallet.
The Exodus cryptocurrency wallet is an excellent crypto wallet for users with a wide variety of cryptocurrencies in smaller amounts. The wallet is very easy to use and beautifully designed with a built-in cryptocurrency exchange. The Exodus wallet is best for users who want a convenient and versatile crypto wallet where they can easily manage their portfolio and make trades in an instant. However, the Exodus wallet is only a software wallet and does not feature nearly as many security features as hardware wallets and some other software wallets. Therefore, the Exodus wallet is best used for mainstream users who do not hold a significant amount of cryptocurrency.