Exodus wallet review

Exodus wallet review

Exodus
Intuitive Ease of use,  High Privacy,  User Private Keys Stored

Exodus is best known for its great design and user interface. The developers of this desktop cryptocurrency wallet wanted above all to make it smooth and simple for new users. It's very straightforward, intuitive, and uncluttered. It supports a relatively broad base of coins and is a great tool for those looking to diversify their investment.

The main purpose of Exodus is to store and exchange cryptocurrencies. They have no support for traditional currencies so you can't buy here. It is super easy and straightforward to send funds to your account. The exchange functionality is managed through integration with ShapeShift.

Company / organization behind the wallets

Exodus was started in 2016. The company is still small and managed by co-founders Daniel Castagnoli and JP Richardson. They are currently developing Eden, a version of Exodus for advanced traders. They are also rapidly adding new crytocurrencies to their exchange.

Crypto Currencies Support

Language Support

  • English

Supported Systems

  • Windows
  • OSX
  • Linux

Partners and integrated software

  • Shapeshift

Exodus doesn't recommend storing large quantities of blockchain assets in your account. Though they have extensive security features, your private keys are stored on your computer and so, in theory, available to hackers. They are criticized for not offering 2FA. They are working to create a hardware solution or alternative.

Summary:

Security
Low
2 Factor Authentication
Yes
Multi-Signature
No
Private Keys Stored On
User
Storage Type
Hot storage
Transactions Validation
SPV or Lightweight client
Hierarchical Deterministic
No

What happens in the event of a disaster/theft/loss?

The user has a 'root key', 'recovery phrase' or 'word seed' that can be used to regenerate private keys.

Exodus's design and user-friendly UI is its best known feature. It's probably the simplest to use blockchain asset wallet you'll come across. It is very much geared toward new or casual traders who want easy desktop storage of their cryptocurrencies. Style-wise, they're bang on, with lots of customization features for each user. Advanced users may want to check out Eden, the new Exodus product.

Summary:

Exodus allows users to store multiple cryptocurrencies in a desktop wallet. They have a great design and user experience. Security is reasonable, but the lack of 2 factor authentication and cold storage option means user's may be vulnerable to attacks. It's a good solution for beginners with a low investment volume.

Ease of use
Intuitive
Suitable For
Millennials
Account activation process
Simple
Transaction fees
Dynamic Transaction fees
Setup fee
$0.00

Functionality:

  • Exchange coins crypto to crypto

The main purpose of Exodus is to store and exchange cryptocurrencies. They have no support for traditional currencies so you can't buy here. It is super easy and straightforward to send funds to your account. The exchange functionality is managed through integration with ShapeShift.

The wallet platform has developed a partnership with a 3rd party and integrated the 3rd party services into their software

Help and
support:

  • FAQ section
  • Email
  • Live chat

Personal information for activation account:

  • Email Address

Most common
customer complaint:

lack of 2 factor authentication