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Exodus Wallet Review 2018 – Features, Fees & Security

Introduction – Exodus Wallet

Exodus wallet is a desktop cryptocurrency wallet that was co-founded by JP Richard and Daniel Castagnoli in July 2016. It is a cryptocurrency wallet where you can store, send or receive supported cryptocurrencies. Exodus charges a transaction fee for each payment; these fees cannot be set manually are fluctuating.  The fees are not kept by Exodus but instead are paid to each blockchain network instead. They, however, make their money by taking a portion of the spread on some cryptocurrency exchanges.

Related: WHAT SHOULD YOU KNOW ABOUT BITCOIN WALLETS?

Features of Exodus Wallet

  1. Multi-asset wallet

Exodus wallet is a multi-asset wallet that supports several cryptocurrencies like Bitcoin, Dash, Litecoin, Ethereum, Eos and so much more. It is a blockchain wallet that allows you store several cryptocurrencies together.

  1. Beautiful design and easy user interface

Exodus wallet has a beautiful design that is easy on the eyes. It is also very easy to use even if a user has never used a cryptocurrency wallet before. It has no technical talk or confusing steps instead it makes it easy to learn how to use blockchain assets. There are also support videos uploaded on the site that is easy to understand, very simple and serve as a user guide. It also has powerful charting tools that allow you to track the value of your blockchain asset and it has Icons that make it easy to navigate the wallet.

Related: BEST BITCOIN WALLET (10 ONLINE, HARDWARE & SOFTWARE WALLETS)

  1. In-built Exchange powered by ShapeShift

Exodus wallet has an in-built exchange that allows users trade cryptocurrencies. Users can trade bitcoin for altcoins or altcoins for Bitcoin with this wallet. It is the first desktop wallet to be powered by ShapeShift. You cannot, however, buy altcoins or Bitcoin with fiat currency (for example USD, GBP OR EUR) via this wallet but only trade altcoins for bitcoins and vice versa. Even if you have never used an exchange before, you can easily learn how to use Exodus’ exchange because it hides all complex details thereby making it very useful.

  1. Desktop cryptocurrency Lite wallet

Exodus wallet is a desktop wallet that is available for Mac, Windows, and Linux. It is also a lite wallet, which means that the whole blockchain does not have to be downloaded to your computer.

Related: TOP 5 BITCOIN DESKTOP WALLETS (REVIEWED)

  1. Online helpdesk

Exodus wallet provides 24/7 support resources and an online help desk to ensure that problems are resolved very fast. This feature can be seen on their website.

  1. Key control and Security

Exodus wallet encrypts private keys and never stores them on its servers instead it stores them on your desktop so that they are in your control and so that your data remains private. The wallet does not require any account set up. It also offers a good back up system so that you do not lose your wallet even if something bad happens to your system.

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Expert’s Opinion

Despite all the features of this wallet, before you can add cryptocurrencies to it, you have to purchase cryptocurrencies from somewhere else and then transfer them to your wallet.

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best-bitcoin-altcoin-wallet-exodus-review

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About Tayyab M

I love to talk about global tech-happenings, startups, industry, education and economy.

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