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In this unregulated cryptocurrency landscape, finding a reliable and secure digital wallet is paramount. Exodus has proven to be a viable choice. It prides itself on supporting hundreds of cryptocurrencies inside its products. It is a multi-cryptocurrency digital wallet that has been serving global clients since 2015. Plus, the wallet has an in-built NFT marketplace and allows users to stake their cryptos to earn rewards.
Our Exodus crypto wallet review below aims to answer a question many traders and investors ask: is Exodus a good wallet? We visited and tested its services to share our opinions and reviews. Our aim is to educate you accordingly so you can decide whether Exodus suits your preferences.
In This Guide
Why Exodus
Based on our experience with Exodus, it is user-friendly and perfect for newbies and professional crypto investors. We had seamless activity management via desktop and mobile devices. Overall, we noted many positive features that made us prepare this review. However, there are also a few drawbacks we thought were worth sharing for easier decision-making.
That being said, take a look below at Exodus wallet pros and cons.
Exodus
✔Allows you to connect to over 50 networks
✔Regular update schedules
Pros & Cons
Pros
- User-friendly with a modern-design interface
- Supports over 300 cryptocurrencies and ERC-20 tokens
- Works seamlessly on desktop and mobile devices
- Exceptional support service
- It features proof of stake networks, allowing users to stake their cryptos within the wallet
- Allows you to connect to over 50 networks
- Regular update schedules
Cons
- No phone support
- No altcoin custom network fees
- No two-factor authentication security protocol
Supported Assets
Exodus wallet connects to over 50 networks. While using it, we had an opportunity to send and receive hundreds of cryptocurrencies at low fees. Overall, the wallet supports over 300 cryptocurrencies, including popular options like:
- Bitcoin (BTC)
- Ethereum (ETH)
- Litecoin (LTC)
- Tether USD (USDT)
- Solana (SOL)
- USD Coin (USDC)
- Ripple (XRP)
- Dogecoin (DOGE)
- Cardano (ADA)
- Shiba Inu (SHIB)
Keep in mind that you can use Exodus to sell your cryptocurrencies for fiat currencies. Some of the supported fiats for this transaction include the USD, EUR, and GBP. The exchange also allows you to transact using multiple payment methods like credit/debit cards, bank accounts, Google Pay, and Apple Pay. You simply need to identify what suits your preference.
Security
We only review and recommend cryptocurrency investment platforms with superior security measures. Fortunately, Exodus does not disappoint in this category. We discovered that it is a non-custodial wallet without access to users’ personal data.
Although the wallet has no two-factor authentication, it encourages users to secure their accounts using private keys. The good news is that these keys are only accessible to you, meaning that not even Exodus will have access to your account.
In addition, Exodus is integrated with security measures like face and touch ID. Its ability to release new software every two weeks removes possible vulnerabilities, thus making it stand out. Moreover, the wallet supports Trezor Model T and Trezor One hardware wallets. This allows users to secure their tokens offline, and not worry about their safety.
Fees
Exodus is among the digital wallets that have no fees for downloading and setting up accounts. From our exploitation, the wallet does not charge any fees when you receive and store cryptocurrencies. However, expect to incur network or gas fees when you send cryptocurrencies. The best part is that this Exodus wallet fee can be customized, although this option is limited to Bitcoin, Ethereum, and ERC20 transactions.
Cryptocurrency sending charges vary based on the blockchain network you use. Therefore, always understand applicable charges to plan accordingly. Exodus automatically checks all addresses to ensure seamless transactions with no errors.
Privacy and Anonymity
Exodus Wallet does not engage its clients in the Know Your Customer verification procedures. It doesn’t request any personal information, and all activities are kept anonymous. Therefore, do not expect to share any details during setup or while using the wallet.
Exodus understands that wallet transactions can easily be scanned using blockchain scanners. For this reason, it omits the on-chain anonymity to ensure your online transactions are highly protected. Moreover, there are no multiple transactions at the same time with Exodus. It aims to promote transparency, thus understanding the identity of all cryptocurrency senders and receivers.
Customer Service
One thing that Exodus is known for is its excellent support service. We tried reaching out to the team, but unfortunately, there is no phone support. You can only contact Exodus via email, live chat, and social media channels like X, Instagram, Facebook, Reddit, and more.
We like Exodus’s live chat, as it operates 24/7 with human support. The email response was also impressive, and we got quality assistance with relevant solutions that helped us throughout our time there. Furthermore, Exodus has an excellent collection of guides and articles that explain various elements regarding its usage.
Besides being responsive and available round the clock, this wallet has a comprehensive FAQ section. Use it to find answers to common questions about cryptocurrency transactions and more.
How to Start With Exodus Wallet
Exodus comes in three versions. There is the desktop wallet with optional Trezor integration. This wallet supports thousands of cryptocurrencies, and you can use it to swap tokens in seconds.
In addition, there is the mobile wallet, which allows you to easily transact anywhere, even while on the move. It enables you to sync your desktop and mobile devices and swap cryptocurrencies at your free will. The mobile wallet is secured with face and fingerprint scanning to avoid unauthorized access.
Last is the Web3 wallet, which you can use on your phone or computer. With it, you can connect to popular web3 networks like Polygon, Solana, Ethereum, and more.
Regardless of the version you select, you must create an account to start enjoying Exodus services. We participated in this process and guide you below on how to get started on a good note.
Step 1: Visit Exodus website
Step 2: Choose your wallet
Step 3: Start using Exodus
To create an account and start storing, sending, and receiving cryptocurrencies, visit Exodus’s official website. We help you have quick access to the site by sharing a few links you can click. Before you start using your wallet, ensure you understand Exodus’ terms of service. The last thing you want is to run into problems with the provider once you are fully invested.
For the majority of us, we chose Exodus’ Web3 wallet and added it as a browser extension. Once you download it, click “Create New Wallet” and create a unique and strong password. Remember, you cannot recover your password once you lose it. Therefore, ensure you keep it safe and accessible only to you.
Once you complete step 3 above, your account is set up and complete. Fund it to start receiving and buying cryptos on supported networks. You can use Exodus to buy crypto and pay using a card or bank account. You can also swap your tokens and manage NFT collections using this Web3 wallet.
Furthermore, Exodus offers its users an opportunity to earn crypto rewards for staking various assets. And if you want to sync your desktop and mobile platform, the wallet allows you to do so using a QR code.
Overall, cryptocurrency investments come with increased risks, and if you are not strategic, you may end up losing money. Before using the Exodus wallet, especially for making purchases and sales, understand the performance of a crypto token. Analyze an asset’s price performance to know when to make a potentially profitable move.
Final Thoughts
Exodus’ impressive interface and support service make us highly recommend it, especially to newbies. The fact that you can also integrate it with Trevor hardware wallet gives traders and investors an opportunity to choose between cold and hot storage. Moreover, the wallet is mobile and desktop-friendly. This means that regardless of where you might be, Exodus ensures you never miss out on any potentially profitable opportunity in the financial landscape.
We can’t go without mentioning Exodus’ support for dApps and NTFs on its web browser extension. Although it lacks two-factor authentication, you can still secure your account using face and fingerprint ID. Overall, ensure Exodus fits your cryptocurrency investment requirements for an exciting and worthwhile experience.
Invezty Rating:
✔Allows you to connect to over 50 networks
✔Regular update schedules
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Risk Warning
Exodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds.
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