Exodus is a self – custody crypto wallet with a sleek and intuitive interface, best for beginners as well as for experts. The wallet is available for both desktop and mobile supporting more than 1000+ assets and is available free of cost to the users.
Quick Overview – Exodus Wallet
| Wallet Issuer | Exodus Movement, Inc. |
| Wallet Type | Software |
| Asset supported | 1000+ assets |
| Price | $0 ( free download) |
| How to apply for the wallet? | Exodus.com |
| Multi-platform compatibility | Desktop – Mac & Windows Mobile App – iOS & Android Browser Extension |
| Addon Services | Staking & Swapping |
| Backup and Recovery | 12- word secret recovery phase |
| Security Features | Offline storage Encrypted meta data Biometric authentication |
| Best Suited | Beginners |
What Is Exodus Wallet?
Exodus is a multi-chain cryptocurrency wallet that supports more than 1,000 assets. It enables users to store tokens from all supported networks in one seamless wallet.
Exodus offers storage, cross-chain swaps, and staking while also allowing users to interact with Web3-enabled sites. It provides apps for Android and iOS mobile devices, a browser plug-in, and a desktop client. The desktop and mobile applications are excellent for managing wallets, making swaps, and purchasing cryptocurrency with fiat.
However, if you wish to connect to web3-enabled sites and other decentralized applications (apps), you’ll need to use the browser extension or access them via mobile devices through WalletConnect. The extension also offers the same features available in the Exodus apps. Users can link their Exodus apps and the browser extension, granting access to the same wallets from either platform.
Why is Exodus Beginner-Friendly?
The Exodus Crypto Wallet is beginner-friendly because of various features such as:
| Built-in Exchange: | Users can easily swap cryptocurrencies with the best built-in exchange features. |
| Customer Support: | The wallet offers in-app support and resources for beginners. |
| User-friendly Interface: | The wallet interface is user-friendly and easy to use. |
| Multi-Currency Support: | The wallet supports a wide range of cryptocurrencies. |
Features of Exodus Crypto Wallet
- Easy of Use: The Exodus wallet offers a user-friendly interface that is best for beginners to store and track their coins without any hassle. The wallet’s visually appealing layout helps users monitor the performance of their assets.
- Secure backup and private key access: The Exodus wallet keeps digital assets with utmost security using a 12-word passphrase and password. The user creates a strong and unique password to unlock their assets. Once the installation is done successfully, users are advised to back up their wallets using the 12-word passphrase.
- Support many cryptocurrency assets: The Exodus wallet supports more than 1000+ assets, including Dogecoin, Bitcoin, Polygon, Kava, Solana, XRP, Cosmos, USDC, and many more.
- Cross-platform integration: The Exodus wallet supports cross-platform integration, which means that it is available on Linux, Android, iOS, and Mac. Users can manage their crypto assets on their mobile phones, which automatically sync with the desktop client.
- Live tracking: The Exodus wallet has a live tracking option on the desktop app and website, so users get access to real-time asset transactions.
Advantages of Exodus Crypto Wallet
- Staking: The Exodus Crypto Wallet allows users to “stake” their assets without leaving the wallet’s interface.
- User-Friendly Interface: The Exodus Crypto Wallet provides a visually appealing dashboard that clearly shows your portfolio, complete with pie charts and real-time updates.
- Multi-Platform Accessibility: The Exodus Crypto Wallet is available on desktop (Windows, macOS, Linux), mobile (iOS and Android), and as a browser extension, ensuring users can manage their assets from anywhere.
- Built-in Exchange Feature: The Exodus Crypto Wallet allows users to swap cryptocurrencies directly within the wallet, without needing to register on external platforms.
- Portfolio Tracker: The Exodus Crypto Wallet allows users to track digital asset performance in real time, showing gains, losses, and value trends in an easy-to-read format.
- Security and Privacy: The Exodus Crypto Wallet is not open-source, but it ensures that private keys are stored locally on your device, giving users complete control over their assets. The wallet does not require KYC (Know Your Customer) verification, allowing users to maintain their privacy when using the platform.
Challenges of Exodus Crypto Wallet
Limited Security Features
The Exodus Wallet Exodus Offers limited advanced security features to the users like two-factor authentication (2FA) and multisignature transaction approvals.
Transaction Fees on Built-in Exchange
The Exodus Wallet Charges higher fees for in-wallet transactions. The convenience of swapping cryptocurrencies within the wallet comes at a cost.
Vulnerability on Hot Devices
Exodus stores private keys locally on the user’s device, making it vulnerable to malware and phishing attacks. Users should secure their devices by using antivirus software and avoiding suspicious downloads.
How to Download Exodus Crypto Wallet ?
Steps to download and install Exodus Crypto Wallet
Step 1: Click on the link .
Step 2: Once the website is open, you will see options to download the wallet for your Desktop / Browser / Mobile.
Step 3: Click on “DOWNLOAD EXODUS”.
Step 4: Once you click on that, a prompt will appear regarding the latest desktop version. The desktop version will include – Windows, Mac and Linux.
Step 5: Choose the preferred version.
Step 6: The download begins and will be visible in the download section of the browser.
| Direct link to download the Exodus Wallet | |
| Laptop or desktop computer, | Exodus Desktop |
| Mobile phone or tablet | Exodus Mobile |
| Web3 from a Chrome-based browser | Exodus Web3 Wallet |
How to Set Up Exodus Crypto Wallet?
Steps on how to setup the Exodus Crypto Wallet
Step 1: Go to the download section of your browser and open the app for the first time.
Step 2: Carefully read the onboarding slides
Step 3: On the screen, select the “Get started” or “I already have a wallet” option.
- Case 1: If you choose “I already have a wallet”, you can restore from an existing secret phrase or sync an existing Exodus wallet
- Case 2: If you choose “Get started”, you can learn how to send and receive crypto.
Step 4: Make sure to create a passkey to unlock your secret recovery phrase.
Step 5: Now, store your passkey in your iCloud or Google account.
How to Buy Crypto in Exodus Wallet?
For Mobile Users
Step 1: In Exodus Mobile, tap the Buy & Sell icon.
Step 2: On the Buy tab:
a) Select the currency you want to pay with.
b) Enter the amount.
c) Select your cryptocurrency.
Step 3: Choose:
a) A payment method.
b) A third-party fiat API provider (if available).
c) Tap Buy.
Step 4: Follow the instructions from the third-party fiat API provider to complete your purchase. Depending on network traffic, your cryptocurrency should generally arrive within 5-20 minutes.
For Desktop Users
Step 1: In Exodus Desktop, click the Buy & Sell icon.
Step 2: On the Buy Crypto tab:
- Select the fiat currency you want to pay with.
- Select the cryptocurrency you want to buy.
- Enter an amount or choose $100, $500, or Max.
- Choose your payment method.
- Select a third-party fiat API provider (if available).
- Click Continue.
Step 3: Follow the instructions from the third-party fiat API provider to complete your purchase. Depending on network traffic, your cryptocurrency should generally arrive within 5-20 minutes.
For Web3 Wallet Users
Step 1: In Exodus Web3 Wallet, click the Buy & Sell icon.
Step 2: SelectBuy.
Step 3: Enter an amount. [ The amount you enter should be in the same fiat currency as your portfolio.]
Step 4: Select the cryptocurrency you want to buy.
Step 5: Next, choose:
a) A payment method.
b) A third-party fiat API provider (if available).
c) Click Continue.
Step 7: Follow the instructions from the third-party fiat API provider to complete your purchase. Depending on network traffic, your cryptocurrency should generally arrive within 5-20 minutes.
How to Receive Crypto in Exodus Wallet?
Step 1: You will see the “Assets” option on the top of your screen.
Step 2: Click on “Assets”.
Step 3: A list of assets will display on your screen.
Step 4: Click on the checkmark ( to the asset you want to receive, let’s say it as Bitcoin) to enable it.
Step 5: After enabling it, you can click on Bitcoin (selected assets).
Step 6: This will direct you to the wallet specifically for Bitcoin. Now, you can press the “Receive” button.
Step 7: You can either copy the address or scan the QR code to transfer your Bitcoin.
How to Swap Crypto in Exodus Crypto Wallet?
For Mobile Users
Step 1: Open the app on your phone and click on the Swap icon.
Step 2: Choose the asset from the dropdown menu that you want to swap at the top.
Step 3: Now, select the asset you want to receive at the bottom.
Step 4: After that, enter the amount of crypto you want to swap by tapping 0.00. You have a few ways to do this:
a )MIN: the minimum amount you can swap.
b) HALF: swap half of your balance.
c) MAX: swap all of your balance.
d) Enter an exact amount of crypto or fiat currency.
The network fee shows the same fiat currency value set for your wallet. If you wish to view the network fee in the asset you are swapping, tap on the network fee.
Step 5: Once you confirm the amount of crypto you will send and receive, tap Swap.
Note: Make sure that you do not close your wallet during the Starting screen, or your Swap will not finish initiating.
Step 6: After your wallet display shows “Receiving…”, you don’t need to do anything else.
Step 7: Tap “Continue” to return to your wallet or close Exodus. Your new crypto will arrive in your wallet soon!
Step 8: To receive a push notification when your swap completes, enable wallet activity notifications.
For Desktop Users
Step 1: In Exodus Desktop, click on the “Swap” tab at the top of the interface.
Step 2: If you are using multiple portfolios in your wallet, you can toggle their visibility by clicking on “Show” or “Hide Portfolios.”
Step 3: When you choose “Show Portfolios,” you can select a portfolio for each asset in the swap pair.
Step 4: From the dropdown menu, select the asset you want to swap on the top and the asset you want to receive on the bottom.
Step 5: If you have multiple portfolios, you can choose the specific portfolio for both the asset you want to swap and the asset you want to receive.
Step 6: Next, enter the amount of cryptocurrency you wish to swap. You can do this in several ways:
- Enter a specific value in either cryptocurrency or fiat currency.
- Select MIN: This will be the minimum amount you can swap.
- Select HALF: This option will allow you to swap half of your balance.
- Select ALL: This will swap your entire balance.
Step 7: After entering an amount, take a moment to review the network fee associated with sending your asset for the swap.
Step 8: Once you are satisfied with the amounts of cryptocurrency you will send and receive, as well as the network fee, click “Swap Now.”
Note: Be cautious not to close your wallet while on the “Starting Your Swap…” screen, as this may prevent your swap from completing successfully.
Step 9: When you see the message “Swap in Progress!”, you have nothing else to do on your end. You can safely close Exodus, and your new cryptocurrency will arrive in your wallet shortly!
For Web3 Wallet Users
In the Web3 Wallet, you can swap cryptocurrency using both decentralized exchanges (DEX) and centralized exchanges (CEX) through third-party exchange API providers.
Exodus Swap integrates a DEX aggregator for each supported blockchain and facilitates cross-chain swaps using the same third-party exchange API providers available in both Desktop and Mobile versions.
Step 1: To initiate a swap in the Web3 Wallet, click on the Swap icon.
Step 2: Select the Asset to Swap From:
- Click on the “I have” dropdown menu.
- You can:
a) Search for the token by name or ticker symbol.
b) Click “Filter” to display tokens on a specific network.
c) Select from the list of all available tokens.
Step 3: Select the Token to Receive:
- Click on the “I want” dropdown menu.
- Here, you can:
a) Search for the token by name or ticker symbol.
b) Click “Filter” to display tokens on a specific network.
c) Choose from the list of all available tokens.
Step 4: Enter the Amount to Swap: Enter the amount of cryptocurrency you want to swap. You can choose from the following options:
a) MIN: the minimum amount you can swap.
b) HALF: half of your current balance.
c) MAX: all of your current balance.
d) Enter an exact amount of cryptocurrency.
Step 5: Review Swap Details:
- Click on “Network Fee” to see your swap details.
- After reviewing, click “X” to return to your swap settings.
Step 6: Complete the Swap:
- When you are ready, click “Swap.”
- A new tab will open in your browser to display the swap’s progress. You can leave the tab open to monitor the swap, or:
a) Close the tab and continue using Exodus by clicking the Web3 Wallet icon.
b) Your swap progress can also be checked by navigating to the swap history page.
Step 7: Once your swap is complete, you can:
a) Click “Open Explorer” to view the swap transaction on a block explorer, or
b) Click the Web3 Wallet icon to continue using Exodus.
Step 8: Your swap is complete.
How to Stake Crypto in Exodus Crypto Wallet ?
- Step 1: Open the app and go to your profile.
- Step 2: Select “Staking,” then choose the cryptocurrency you want to stake.
- Step 3: Enter the amount you wish to stake and click “Stake.”
- Step 4: The staking option is found on the asset details page for the selected cryptocurrency.
Conclusion
Exodus Wallet is ideal for beginners who value a user-friendly interface and wish to use both mobile and desktop versions. Its built-in exchange and portfolio tracking features make it particularly advantageous for users who want to trade and monitor their assets with ease.
FAQs
Is the Exodus Wallet Safe?
To protect your assets and data Exodus platform comes with built-in security features. Exodus preserves essential wallet information only within your machine where the keys and data remain under your sole control.
What Coins Does Exodus Wallet Support?
Users can store more than 100 types of digital assets through the Exodus Wallet, including popular cryptocurrencies.
What Does Exodus Wallet Charge?
No, Exodus does not charge any fees. Still, users need to pay the transaction fee, as the fee you provide in Exodus goes directly to the network. Exodus does not claim any portion of this money for Bitcoin, Ethereum, or any crypto withdrawals.