Exodus wallet allows you to send, receive, & exchange Bitcoin and 100+ cryptocurrencies across different platforms. While the app was initially just available on desktop platforms, Exodus has since expanded to include Exodus Wallet on Android and Exodus Wallet IOS. Their interface is designed for ease of use, making it simple enough for beginners looking to start investing in cryptocurrencies.
In addition to just dealing with Bitcoin, Exodus also allows users to trade altcoins, as well as providing them a means to trade one cryptocurrency for another without needing to register. However, Exodus does use a Simplified Payment Verification, meaning you can’t download complete blockchains with the app. Instead, they use a series of servers to track balances.
Exodus Wallet is easy to use. You simply need to download the app and install it in order to get started, no registration required. Its interface is very intuitive, offering both crypto exchange and portfolio management services, allowing you to store, manage, and trade on just one platform.
Do note however, that while Exodus takes the appropriate steps to secure their services, the app doesn’t have two-factor authentication support, relying more on passwords for security.
Another feature Exodus offers is their ‘Apps’, which you can think of as plug-ins to help make your trading activities even more simple and convenient by adding different functionalities. Using apps, users are able to:
Earn Crypto Rewards - Exodus makes it easy to set up a crypto passive income with just a tap of a button. The app will help you stake out your coins and earn interest, letting you earn even more the more coins you stable out.
Compound Finance - Grow your crypto wealth by depositing DAI into the Exodus Compound Finance app. Get higher interest rates than traditional banks when you invest into your DAI savings.
Featuring over 135+ crypto assets, Exodus Desktop Wallet allows you to easily secure, manage, and exchange cryptocurrency in one application, helping you build a diverse portfolio of investments in the long run.
Exchange and trade your currencies anywhere while on the go with the help of Exodus Mobile Wallet. Get a secure platform for trading with both face and fingerprint scanning, adding an extra layer of security whether you use Exodus Wallet for Android or Exodus Wallet IOS.
As part of their partnership, Exodus works closely with Trezor’s Hardware Wallet in order to advance the hardware experience. Link your accounts in just 3 simple steps:
Get the following benefits when you use Exodus and Trezor together:
While all blockchain transactions incur network or miner fees, Exodus itself does not charge fees for sending or receiving, nor does it keep any of the transaction fees charged for withdrawing any cryptocurrency.
These are fees paid to cryptocurrency miners when sending a transaction. Exodus does not keep any of these fees. They’re always paid in full to miners on the network.
As long as you have your 12-word secret phrase password, you’ll be able to restore all your funds in a new wallet. You should get the phrase whenever you go through the backup process in the Exodus app. Of course, upon restoring your funds, Exodus encourages customers to change their 12-word secret phrase for better security.
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