Exodus provides a range of options to crypto owners looking to store, trade and spend crypto across multiple devices. Although Exodus does not store as many cryptocurrency types as other competitors, it provides users with the best digital assets and a fully-featured experience.
Pros & Cons
Advantages: Uses desktop, mobile, and browser apps. Simple interface for trading, tracking, and taking stakes.
Con: Does not offer security options. Some other wallets can support more cryptocurrencies.
Table Of Contents
Accessibility: Your crypto can be accessed via browser extension, desktop, or mobile without the need to keep assets in custody.
Accessibility Exodus’s simple interface makes it easy to move money into a cryptocurrency wallet.
Where Exodus falls short
Security upgrades: Exodus doesn’t have open-source software to allow third parties access it in the event of any problems. It does not support multisignature transaction approvals and doesn’t offer 2-factor authentication.
Choice: Although Exodus supports a fair number of cryptocurrencies it is not possible to store them all.
Exodus: What is the best for?
* Crypto owners looking for easy access to a wide range of platforms.
Exodus at the glance
More information about Exodus’ ratings
Security: 1 of 5 stars
Exodus, a self-custody cryptocurrency wallet, has some advantages over storing your cryptocurrency on a centralized exchange. The technology works in a way that only the developers of the wallet software have access to your cryptocurrency. This means they won’t be able to lose your money if they fail to make their business profitable or suffer from a data breach.
You should also consider the possible downsides to self-custody wallets. If your password or recovery information is lost, it may be very difficult or impossible for you to retrieve your crypto. Exodus, a hot wallet that can be used on any internet-connected device, could make you vulnerable to an individual hack that could impact your assets.
Exodus is not among the most secure wallets.
This software is not open-source.
Multisignature approvals are not supported by . This means that more than one wallet must sign off on transactions.
Exodus does not have two-factor authentication. However, it isn’t the only wallet maker that doesn’t offer this feature.
Selection: 4 of 5 stars
Exodus supports more 260 cryptocurrencies.
Integration 5 out of 5 stars
Exodus can be used to perform most types of cryptocurrency transactions including swaps and purchases. Exodus offers staking for a few cryptocurrencies, and it has Web3 connectivity to decentralized apps through its browser extension. Exodus can be used to store NFTs.
Storage 5 out of 5 stars
Exodus is an online hot wallet that allows you to access your keys to your cryptocurrency on any internet-connected device. A cold wallet is a device that stores your crypto offline, and offers additional protection against data breaches.
Exodus can be used in conjunction with a cold wallet. Exodus is compatible with Trezor devices.
Functionality: 5/5 stars
Exodus users can access their wallets via desktop, mobile, and browser-based apps. You will need to enter your recovery/security phrase every time you create a new wallet.
Tools: 5 of 5 stars
Exodus offers a wealth of educational content on crypto security and digital assets for those who are new to crypto storage. Exodus’ mobile and desktop apps offer tools to help you track your investments.
Additional information about Exodus
Pricing: Exodus can be used for free, but you will need to pay to make certain transactions. Transaction fees are a common practice in cryptocurrency networks, regardless of the wallet you use.
Exodus is a service that allows you to exchange crypto. There are additional fees. These types of transactions are subject to a spread by the wallet’s partners, while the wallet maker takes a portion of the profits. These spreads and fees are also common on centralized cryptocurrency exchanges. However, Exodus’ rates can vary according to market conditions so make sure to verify the cost at the time.
Exodus is right for you?
Exodus might be a good choice for users who want to migrate their crypto portfolios from major exchanges, but still have easy access to their assets.
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