Exodus Wallet

Software wallets in general have already been discussed on an earlier page. Here we take a closer look at one of the most widely used software wallets, namely the Exodus Wallet.

What is Exodus Wallet?

Exodus wallet is a multi-currency wallet launched in 2016. Since then, it has become one of the most widely used wallets. The wallet has an attractive design and many different functionalities. You can find the wallet on Mac, Linux and Windows. It can also be downloaded as an app in the app and google play store.

Exodus_wallet

The Exodus wallet supports more than 100 different cryptocurrencies and the value of your total portfolio can be displayed in 30 different currencies. The Exodus wallet has three main components that you can use, namely:

  • A multi currency wallet in which you can store more than 100 cryptocurrencies;
  • An exchange functionality with which you can easily exchange your cryptocurrencies with each other without leaving your wallet at any time;
  • A portfolio tracking functionality;


The team has also provided integration with the Trezor hardware wallet. As a user of the Exodus wallet you can have the value of your Trezor wallet displayed via Exodus and send cryptocurrencies from Exodus that are on your Trezor

Advantages and disadvantages

Every wallet has to store cryptocurrencies. However, there can be very large differences in the user-friendliness and functionalities of wallets. For this reason, the advantages and disadvantages of Exodus wallet are made clear in the table below.

Benefits

  • Support more than 100 types of cryptocurrencies
  • Exchange integration
  • Option for hardware wallet integration
  • Supported by many different operating systems
  • Available on desktop and as mobile integration
  • Good email support and live chat support via Slack
  • Very user-friendly


Disadvantages

  • User is responsible for security
  • No option for 2FA
  • High exchange fees

Conclusion

Exodus wallet has become one of the most popular software wallets since it was launched. Exodus wallet is very user-friendly and supports more than 100 cryptocurrencies. Exodus wallet also has a built-in exchange function and advanced functionality to keep track of your portfolio performance.
Exodus wallet is a very suitable software wallet for beginners. A disadvantage of Exodus wallet is that you can only protect your account with a password and no other security options such as 2fa or SMS security.