Exodus is one of the best cryptocurrency software wallets for desktop users. The best part being that it’s 100% free to use!
Exodus can store over 100+ cryptocurrencies. Some of the more popular ones you may know include:
- Bitcoin Cash
- Ethereum Classic
- XRP (Ripple)
Some benefits Exodus include:
- Beautiful, user-friendly interface
- Great customer support
- Over 35+ support cryptocurrencies. Click here for full list.
Some features of Exodus aside from being a cryptocurrency wallet include:
- Portfolio management
- Built-in exchange
- Wallet backup features
Installing Exodus is stupid simple just go to their website, click
Download then choose your operating system.
After installing, the Exodus icon will appear on your desktop screen.
There’s five main tabs that you’ll see in Exodus.
This tab shows an aggregate of your chosen coins. You can add/remove coins by scrolling down and clicking
+ Add More
Very simple overview of your Exodus wallet. Here you have the ability to send/receive coins.
The exchange feature is super useful, it’s pretty self-explanatory. You can exchange between different coins available through Exodus.
The back up feature allows you to back up your account in the event your computer gets damaged. In order to activate the back-up feature you’ll need to send some crypto to the wallet. As soon as you make a deposit, you can begin the back-up procedure.
The settings tab allows you to switch skins, set a localized currency, as well as show/hide assets.
Final Thoughts, Conclusions
Exodus looks to be a very solid software wallet choice for desktop users. I can see using this specifically as a means to quickly move cryptocurrency off the exchanges. As we’ve discussed before in this blog, you should never leave cryptocurrency on an exchange as you risk not only your account getting hacked the exchange itself. (or even your account getting randomly suspended).
Exodus also seems to support a lot of coins that the Ledger Nano S does not yet, so Exodus will definitely be my wallet of choice for said coins until Ledger Live adds more support.
I think Exodus could be good for active traders who need to exchange cryptocurrencies very quick. I’m interested to test whether or not it’s better to make simple exchanges using Binance or through Exodus in terms of cost effectiveness. My hunch tells me probably Binance, but I guess I’ll never know until I try.
On the subject of trading, I think your best bet in terms of security would be to have the majority of your crypto on a hardware wallet like the Ledger Nano S and keep a smaller amount on Exodus as to use for trading or perhaps purchases.
Thanks for reading!