• Exodus Wallet Review : Is It a Safe Wallet or Not?

    A crypto wallet is a digital wallet for managing and safely storing digital coins. There are many software wallets available today, but one of the best options is the Exodus cryptocurrency wallet.

    Exodus wallet holds the first position among all the crypto wallets by authentic websites such as Finder.com and Bitcoin Exchange Guide.

    Learn more about Exodus, how it works, its features, products, pros and cons, supported currencies, and many more in this Exodus wallet review.

    However, here note that this review does not provide users any kind of investment advice. Cryptocurrency markets are highly volatile. Hence, it is advisable to conduct your research and consult a financial advisor before making financial decisions.

    How Does Exodus Work?

    The main objective of the Exodus platform is to simplify the access, management, and use of digital coins.

    To explain how the wallet works, you have to understand the three essential components:-

    • Wallet – Like any other cryptocurrency wallets, Exodus also functions through a series of codes that assist users in managing and linking their crypto coins in different blockchains. So, instead of storing crypto, it stores a set of 3 codes – primary keys, seed phrase, and public address. Primary keys offer access to the crypto coin in blockchains, whereas a public key works as an address to the wallet. However, the seed phrase is a recovery phrase code that helps in regenerating the private keys if they are lost.
    • Portfolio – Exodus team designed a portfolio page that shows relevant all the information, including the breakdown of the crypto coin owned and their updated values against fiat currencies.
    • Integrated With ShapeShift – An integration between Exodus and ShapeShift has led to a unique value position. ShapeShift, one of the best crypto exchanges, is praised for its trading, security, user interface, and privacy features. Exodus users can trade on this crypto exchange directly from the Exodus wallet with extra speed and privacy.

    Features of Exodus Wallet

    • The effort of the Exodus development team has brought about many impressive features. In this Exodus wallet review, a few of the features have been mentioned below:-
    • Users can download Exodus Wallet for free and there is no registration and personal information required. Exodus offers a one-click, easy-to-use layout, private keys, hardware wallet support, 24*7 customers support team, and easy transaction data storage.
    • The layout is aesthetically pleasing, and with just one click, you can make easy cryptocurrency token exchanges. Since Exodus does not possess any knowledge relating to its users’ blockchain assets, all the transaction data and private keys are stored on its device. This offers robust security and privacy.
    • Exodus supports Trezor Model T and Trezor One hardware wallet where cryptocurrencies can be safely stored.
    • In addition, Exodus also offers two methods of restoring a wallet. This is a vital built-in exchange feature that comes in handy if you suddenly lose your Exodus Bitcoin wallet or if it gets damaged or stolen. There are two ways of restoring your wallet:-
      1. 12-words Passphrase – A 12-word passphrase is given to the users while creating an account. For instance, if your computer breaks down, you can use this passphrase to access the cryptocurrency wallets.
      2. Email Restoration – This is yet another vital backup facility that allows you to restore your Bitcoin wallets through an email sent to your linked account.

    What Kind of a Wallet Is Exodus?

    Exodus is a non-custodial wallet that offers great support and extensive more control over crypto assets. It does not directly manage or take custody of your wallet but allows you to full control it. Users can apply many different crypto assets with it.

    Exodus supports TREZOR wallets that provide a sleek interface and robust security for a hardware wallet.

    Exodus is also a lite wallet which means it does not download the entire blockchains to the device, making the setup significantly faster. And this also make Exodus Wallet responsive and convenient.

    Moreover, both the mobile wallet and desktop wallets versions are available so that the platform can be used on any device, including Windows, Mac OS, Linux, Android and iOS platforms. In the Exodus wallet, crypto exchanging assets feature works extremely very well and is simple to use for beginners and experienced users.