Exodus Wallet: How the app works [year
The popularity of the Exodus Wallet was never in question. With its user-friendly interface and beginner-friendly software, it helps more people get started and use cryptocurrencies like Bitcoin. This is something that has been appreciated by the community and made it one of the most downloaded digital wallets for Bitcoin accounts - worldwide!
In that In this post, you will learn what an Exodus Wallet is and how it works. why many people prefer it to other Bitcoin wallets.
Exodus Crypto Wallet
The Exodus Wallet is a great wallet for beginners starting out in crypto. It has easy navigation, an intuitive interface, and helpful tutorials to quickly get you started with your first purchase or trade!
One of the better features of this app is that you can use it with a wide range of cryptocurrencies (and there are actually quite a few). For example, you can use Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Litecoin (LTC), etc. They have done a very good job of integrating these for both transactions and storage.
Why use the Exodus Wallet?
There are many cryptocurrency wallets on the market, but Exodus stands out because it offers a number of features that make trading easier. Here are some key reasons:
A wide range of cryptocurrencies
At Exodus you can choose more than 180 different cryptocurrencies which is much more than what is normally offered by digital crypto wallets. They also offer their own DEX (Decentralised Exchange) so that you can easily exchange different cryptocurrencies between each other.
Below are some available cryptocurrencies:
- Binance Coin
You can also exchange between Stablecoins such as:
It is available to most people
The accessibility for both Android users and those using iOS devices is fantastic. Most people today have either of these two and they can enjoy using their app whenever they want. In addition, they have an intuitive interface that makes navigation quick and easy - you'll be able to send crypto in no time without any problems. or delays thanks to how user-friendly this app is.!
Integrated crypto exchange
You can trade different cryptocurrencies on the Shapeshift exchange which is integrated directly into their app. A disadvantage is that an experienced trader will quickly realise that there are isn't as affordable or convenient as some other crypto exchanges, but if you're new or just want to trade quickly, it's perfect!
A very good support department
Exodus Wallet may be the only cryptocurrency wallet that offers 24/7 customer support. They have a team of professional advisors who are ready to answer any question you might ask them, whether it's about how Exodus works or what your next steps should be after creating an account!
Why they can offer support, unlike many other crypto wallets, is precisely because they have a crypto exchange integrated into their software. Whether it's chat or email, they are often available!
Why the Exodus app is a smart investment
The Exodus App offers an easy way to send, receive and store cryptocurrency. It is a computer wallet that can be used with Windows, Mac and Linux operating systems. Exodus App is a popular choice for those looking for an easy-to-use wallet with a built-in exchange.
Exodus App is a smart investment for the following reasons: Exodus App is a smart investment for the following reasons:
- The team behind Exodus App has a proven track record. CEO and co-founder Daniel Castagnoli was formerly chief designer at Apple. Chief technology officer and co-founder JP Richardson was previously chief information officer at bitcoin.com.
- Exodus App has integrations with ShapeShift and Trezor. This means that users can easily switch between different cryptocurrencies in the app.
- The Exodus App has a beautiful design and an intuitive user interface.
- The Exodus App is constantly adding new features and improving the overall user experience.
If you are looking for a cryptocurrency wallet that is easy to use and has a built-in exchange, Exodus App is a great option. The team behind Exodus App has a proven track record in the industry, and the app itself is constantly evolving to meet user needs. For these reasons, the Exodus App is a smart investment.
Disadvantages of the Exodus Wallet
As with most things, there are also less good features of this digital crypto wallet. For example, they do not support fiat currencies, which means that it is not possible to exchange e.g. BTC for SEK. You must instead exchange to a stable coin such as USDT.
How safe is it to use the Exodus Wallet?
It's no secret that crypto is volatile. With prices fluctuating every day, it can be easy to lose your cryptocurrencies, especially if you are inexperienced. Furthermore, it is important to keep in mind that they are actually online, and therefore can never be safer than a cold storage such as Trezor or Ledger.
Despite this, Exodus Wallet has some security features that are important to point out. For example, you can restore your wallet if your device such as a computer or mobile phone breaks down. You can do this as long as you have saved your 12 security words that were uniquely generated for your wallet when you created it.
It is also possible to restore your wallet via e-mail, as the wallet is linked to a unique e-mail address when it is created. This is very controversial among the community as it alone can be a security risk, but for many, this security feature has been beneficial.
Support for hardware wallets
Exodus Wallet allows you to combine your online wallet with offline as they support hardware wallets. They allow anyone to manage their digital assets easily and securely. Unfortunately, you can connect Trezor for now but in time you will be able to install several other brands.
Once you have integrated your hardware wallet, it means you can exchange assets between Exodus and Trezor. The cryptocurrencies you own are stored securely, without an internet connection, on your Trezor. If you also have several different Trezors, you can connect them all - without any problems!
Exodus Wallet Step by Step
To create and use the Exodus Wallet app, you need to complete a few simple steps. It does not take more than a few minutes and is essential to you should get started. You start by doing the following:
- Start by download their app from their website. It is important to download it from their official website so that you do not risk downloading a copy.
- Once downloaded, follow the instructions to install it.
- Once installed and ready, you have access to tabs such as "Portfolio", "Wallet" and "Exchange". The app is now installed and ready for full use.
With the Exodus Wallet, you can of course receive cryptocurrencies, and you do so in a few simple steps. To receive Bitcoin, you first click on "Wallet" and then the "Bitcoin" tab. Next, select "Receive" and you will see your recipient address. You then give the sender your address so that you can receive the BTC.
In the same way as when we receive crypto currency to the Exodus Wallet, you can we send. To send Bitcoin from your wallet click on "Wallet" and then the "Bitcoin" tab. Click on "Send" and fill in the address and amount you want to send. As soon as you have clicked "Send" again, your BTC will be forwarded to the recipient's address.
It doesn't get any harder than that!
The Exodus Wallet is one of the most popular crypto wallets available on desktop and mobile. It is characterised by its simple design, with superb online support that makes it easy for users to get started quickly without needing any prior knowledge of blockchain technology or the basics of cryptocurrencies! The only downside I found was when compared to other software wallet options like Coinomi - which offers customised network fees depending on your preferences (although still configurable) AND open source. If security is paramount then this may not matter at all as Exodus offers private keys that are stored locally rather than remotely as many competitors do.