In this article, we will be doing our own Exodus wallet review. We hope that it will help the readers to get a complete, total, and dispassionate idea about the cryptocurrency wallet.
When we refer to a cryptocurrency wallet, we are referring to a device, a software program or a physical medium, or even a personalized service. The main objective of these wallets is to ensure that the cryptocurrency holder can store the keys. Hence, it would not be wrong to mention here that a cryptocurrency wallet also helps in acting as the storage space for sign-in-related information and encryption of the confidential information of the customers’ cryptocurrency account.
A Comprehensive Exodus Wallet Review
However, with so many options available, making the correct choice of a cryptocurrency wallet is not easy. It can happen only when the buyers do the right research and go through the desired due diligence process. Those who conduct such reviews have reasons to believe that there are many things positive as far as Exodus wallet review is concerned. In other words, they have many positive things to say as far as the Exodus wallet is concerned.
This particular Exodus review will also help readers to compare this crypto wallet with other such wallets in the market and get to know whether this particular wallet is worth being put to use.
The Exodus wallet review that the readers are going to come across over the next few lines is an honest attempt to cover almost all areas of operation. We hope this review will give you a reasonably good idea about the Exodus crypto wallet and help you to make a decision based on facts instead of opinions and hearsays.
What is Exodus All About?
When we refer to Exodus and based on various Exodus wallet review articles, there are a few things that come to our mind.
This is basically a crypto wallet where you can store cryptocurrencies. Further, it is unique and versatile because it supports more than a hundred different crypto coins. This is not only based on many Exodus wallet review articles but also based on inputs from experts who have a reasonably good idea about the various aspects of crypto wallets.
Though this crypto wallet was previously available only to desktops, it now is also available for Android and iOS. This is a big breakthrough and a milestone in more ways than one.
Further, if readers and prospective users of crypto wallets take some time off and concentrate on some reliable and trusted Exodus wallet review articles, a few more things will fall in place.
For example, Exodus is considered quite different from many other crypto wallets because it has an easy-to-use design feature. This is a boon for people who are not used to using cryptocurrencies. This is because the design features have been kept with new users in mind. Further, the developers also have spent a lot of effort and time taking care of the user interface. They make it customer-friendly as well as intuitive. Hence, irrespective of the positive Exodus wallet review articles, the fact of the matter is that the experts firmly believe that it has some of the best user-friendly design features.
The creators of Exodus
While the next few lines will deal with the Exodus wallet review in some depth, let us briefly explain a few things about the creators of this wallet for cryptocurrencies. These are Daniel Castagnoli and JP Richardson. Richardson has years of experience writing code for many of the cryptocurrency products that are available in the market now or even a few years back. On the other hand, Castagnoli has rich experience having worked in some big companies like Nike, BMW, and Apple in various capacities.
It supports various altcoins
There are a few more reasons that contribute to the growing popularity of the Exodus crypto wallet. Many independent crypto wallet reviews corroborate this. Yes, Exodus crypto wallet has the capability of supporting different types of altcoins and Bitcoin.
Additionally, this wallet can also be used for the purpose of exchanging one crypto for another and this can be done without the hassle of registration and other such problems. Many Exodus crypto wallet review articles that are popular for their impartiality and honesty point to this.
It also would be pertinent to mention here that Exodus has been using SPV or Simplified Payment Verification. In other words, this technology does not require the users to fully download the entire blockchains. Instead, they make a series of servers that help in tracking wallet balances and helping in other such things.
Interfaces and How Easy Are They to Use
If you scroll through more Exodus crypto wallet review articles, you also will come across a few more things. Many people who are contemplating trying out Exodus are happy with the fact that this is a cross-platform app. In other words, it can use it on Mac OS, Linux, and Windows. Further, there is no need for registration. You simply download and install the application and the wallet is ready for operation and use.
However, there is some expert Exodus crypto wallet review feedback that worths mention. The wallet does not have two-factor authentication. It relies on only one password and this is something you need to keep in mind.
It also stays away from using other new and technologically advanced authentication mechanisms. These are popular as multi-signature addresses. Many experts and those who are into Exodus crypto wallet review articles are also not very happy about it. When you have a multi-signature address feature, there is a need for permission from more than one device. Only after this permission, the wallet initiates the transfers. This certainly adds to the overall safety attributes of any cryptocurrency wallet. This again is a point that the creators of this wallet must keep in mind.
Intuitive and Inviting
However, based on many reliable and trustworthy Exodus crypto wallet review articles, there are a few more positives about this crypto wallet. Overall the app is extremely intuitive and inviting. This is no mean achievement because of a few reasons.
To begin with, the app offers both portfolio management services as well as a cryptocurrency exchange. Further, you can use it to manage, store, and trade various cryptocurrencies using one single interface. This feature also has won many positive mentions from the various Exodus crypto wallet review articles.
Navigation is Easy
Let us also have a look at a few more positive attributes as far as Exodus Crypto Wallet is concerned. The app comes with a number of icons and these are located at the top of the interface. These icons are clearly visible and they are comfortable and user-friendly. This is because they help the users to easily navigate through the various functions.
For example, if you look at some reliable Exodus crypto wallet review posts, you will find a mention of the Portfolio icon. It is useful for those who need a complete overview of the various cryptocurrencies and other relevant information. These include information about price movement over different time frames and time zones. This is again available for different assets.
The wallet section is also worth mention because of a number of other reasons. The wallet section is worth looking at from close quarters. It has many features and it also has facilities to receive and send cryptocurrencies. You can achieve this with the help of a QR code or by making use of various wallet addresses.
Easy Trading Between Cryptocurrencies
Further, the various Exodus crypto wallet review articles also outline the QR code scanning facility. This is achievable thanks to the various wallet addresses that are available. Another feature worth mentioning is the exchange tab that allows easy trading between cryptocurrencies.
The use of the apps also comes with some new features. These are popular as plugins. Exodus goes a long way in adding improved functionality to the entire crypto wallet. For example, they could come in handy when there is a need to calculate the interest that has been earned on the various cryptocurrencies that you own, trade, and use for making payments and also for receiving payment. Hence, as far as the icons are concerned, almost all Exodus crypto wallet review posts have given it a thumbs-up because of some obvious advantages and benefits.
Transfer of Funds
Let us now spend some time looking at the fund transfer facilities. To begin with, it comes with a default feature. The default feature does not lock the Exodus wallet. However, once a deposit into the wallet has been made the wallet automatically gets locked. It can be opened only by the wallet owner after signing in with the right keys and password. A look at a few more Exodus crypto wallet review articles will throw some more light on the ways in which you can receive crypto.
If you want to receive crypto, you have to switch over to a wallet tab. Once you select the tab, the next step is to select the particular cryptocurrency that you want to deposit in your account. This feature also allows the users to have a look at the price chart of the specific cryptocurrency. Once you are sure about the price and would like to go ahead with the transaction, all you have to do is to click copy. This will enable you to receive the specific address for the wallet. The wallet also allows the feature of emailing the address. Or take a screenshot of the QR code. Once done the sender will be able to scan it from their own devices. All these make receipt and transfer of funds easy. This is not based on any expert opinion but many Exodus crypto review articles also corroborate this.
Password Protection
Further, the wallet also has one more feature that sets it apart from many other such wallets. Once the wallet receives the first deposit, Exodus will ask the owner to ensure that the wallet has password protection. The app makes use of various videos and documentations and then suggests the use of a suitable password manager app. You can choose the right app to protect your password. This again is a prudent practice and most Exodus crypto review sites and other sources of information have spoken positively about this.
The technology also helps to display a 12-word phrase. This will help the users to recover the password in case there is a need. The developers also suggest that the users should make a note of this phrase in case they are keen on keeping it as a part of offline storage instead of having it stored on a computer. This could be helpful for those who still believe in storing the password externally. Many conventional Exodus crypto review posts have been quite impressed with this feature.
Exchange Various Cryptocurrencies
In the same way, the process of transferring funds is also quite easy, user-friendly, and intuitive. Let us have a look at this aspect based on product features. We will also take into account the various Exodus crypto review feedback posts. All that users have to do is to click on the send button. Additionally, the users have to enter the address of the wallet to which they would like to transfer the crypto. You also have one more option and many Exodus crypto review writers who have been able to identify this deserve a word of praise. They have found out the method of hovering around the QR code option. This helps them either scan the code using a webcam or doing it directly from your screen if you are using a personal computer or laptop.
Exodus also allows easy exchange of various types of cryptocurrencies. For exchanging you have to move to the exchange section and make use of the available Receive and Exchange Pull-Down menus. This helps you to zero in and then select the right cryptocurrencies that you wish to exchange. This feature is also quite interesting and user-friendly. Hence, when we have a close look at the transfer features of Exodus, we have to agree with most Exodus crypto review articles. They are smooth, they happen easily and they are intuitive.
Support Services
Support services are an important factor that one should keep in mind when choosing any good crypto wallets. Based on reliable Exodus crypto review posts and information, there are enough reasons to believe that this service provider has been able to offer the best possible services at all points in time.
When it comes to both types of transactions, i.e. receipts and payments, Exodus has some well-thought-out support services to offer. Let us look at what they offer. This information has been extracted based on various Exodus crypto review items and feedback available on the internet.
To begin with, Exodus has a system by which one can display the required information and they do this keeping in mind the need for utmost transparency. For example, when there is a need to receive or send crypto, the wallet has the facility of displaying the fees that will be charged for such transactions. The owners will have reasons to feel satisfied that the fee payable for both receipts and payments is perfectly transparent and in line with the best practices. Hence, we find that the various Exodus crypto review inputs on this subject matter to be true in most cases.
Well-Organized
Exodus also gives full details about the fee structure. We have come across some Exodus crypto review from first-timers who are quite happy about the various categories such as purchasing cryptocurrencies, selling, exchange, and much more. They also have provided a search bar in case you want to get some information quickly and speedily.
If you can’t find an answer to your question, you can escalate matters further and send it across to the support team. However, it would be pertinent to mention here that they do not have any telephonic support. Therefore, if you find any online information that talks about telephonic support from Exodus then you can be reasonably sure that it is from a scammer. If you look at a few quality Exodus wallet review Reddit posts you perhaps may be able to get more information about it.
Safety
Safety is another important point to keep in mind when it comes to choosing a crypto wallet. Though there are some issues with regard to the safety factors, many reviewers and experts believe that these are exaggerated and overstated. On the whole, the wallet offers safe and trouble-free buying and selling apart from receiving and sending cryptocurrencies across the board.
The security system is being upgraded regularly. There are enough reasons to believe that things will become even safer in the months and years to come. However, there is one thing that is clear about safety. There are enough Exodus wallet review articles on Reddit to prove that the safety aspects available in this wallet are up to the mark. There is no way that the interests and safety of the customers have been compromised under any circumstances or situations.
Backup features
Back features also form a part of the safety and security attributes of any crypto wallet. Hence, based on various Exodus wallet review Reddit articles it would be a good idea to know something more about this attribute.
If you fear that you can lose access to the Exodus Bitcoin wallet available on your computer, there are reasons to reassure you on this factor. Many Reddit posts are testimony to this. They will still be able to access the cryptocurrency. There are two ways of restoring and getting back your invested cryptocurrencies. While you will get a better picture of this while going through a good Exodus wallet review Reddit post, we are happy to share the ways by which you can achieve it.
The first method is to use a standard passphrase of 12 words. Clients receive it at the first instance when they create the account. They have to store securely this passphrase. Many quality Exodus wallet review Reddit articles talk about the importance of storing this 12-word passphrase securely and safely.
In case this option fails, then they have the email restore option. When the user opens an Exodus wallet account, he has to provide a valid email account. Exodus responds to the email and in the reply, they will send you a backup link in case you lose the password or if the wallet account gets locked. You can use this link to restore an account. This also has been very well explained and talked about in many Exodus wallet review Reddit posts and other such articles.
Hence, whether one goes through the design features or refers to the various Exodus wallet review Reddit posts, it is quite obvious that restoring an account is very much possible. The above two options should be good enough to make this possible.
Final Verdict
On the whole, there are enough reasons to believe that Exodus is a well-thought-out and constructed crypto wallet. It has been around for a few years now. The various Exodus wallet review Reddit inputs that we receive from various sources are more or less unanimous about one thing. This wallet scores are quite high on various vital aspects for customers.
However, there could be a few issues with regard to security and two-factor authentication that is missing. These are a highlight in many quality Exodus wallet review articles on Reddit. We are quite sure that the developers of this wallet must be aware of this and will certainly take steps to ensure that the twin-factor authentication system must be put in place. However, the security features available now are quite secure, safe, proven and time tested.