Exodus Wallet is one of the newest desktop cryptocurrency wallets on the market. Since its official launch in July 2016, it has constantly been increasing its user base, not surprising considering the compelling feature package it provides for its users.
To start with, it’s important to note that Exodus Wallet has three main components: the wallet itself, the portfolio section, and exchange integration. Exodus is available for Windows, macOS, as well as Linux and can be downloaded from the app’s official website.
What makes Exodus so unique
Above everything, Exodus is a cryptocurrency wallet which means it needs to offer users a quick and efficient way of accessing their funds, to monitor transactions, as well as to send or receive coins. In this respect, Exodus has everything covered and, it also allows the user to filter transactions.
Exodus can be easily described as being a multi-asset wallet since it comes with support for a plethora of coins and tokens, including some of the most popular ones such as Bitcoin, Ethereum, EOS, BNB, XRP, LTC. A full list of the supported coins can be found on the wallet’s website.
The Portfolio section
The portfolio section is one of the most simple yet advanced. It offers a broad-level overview of holdings. It makes it easy to manage digital assets as well as track the value of your asset portfolio as market conditions change, and it does so in the most stylish possible way via pie-charts.
The built-in exchange
Exodus boasts integration with ShapeShift, allowing user to swap coins directly within the wallet’s interface. This also shortens the whole process as there is no need to send them to exchange. This feature is perfect for traders who specialize in trading on a day-to-day basis.
What about security?
For starters, it’s worth noting that this is a desktop wallet, so it can’t live up to the security levels provided by hardware wallets. However, the team behind Exodus have been hard at work on ensuring that the wallet is as secure as it can be. For instance, Exodus has a system which allows the user to recover funds via a 12-word recovery phrase. This means that even if one happens to lose the laptop one can reinstall it and link it back to account. Furthermore, all the assets are fully encrypted, but only with the help of a password. Sadly, Exodus does not have two-factor authentication, a feature that should eventually and hopefully find its way into the wallet’s kit.
Another aspect worth knowing is the fact that the wallet is not 100% open-source , meaning that by using Exodus you are basically putting your trust (more or less) on the development team. It is a centralized wallet and keeping funds on Exodus is same as keeping them with a centralized exchange like binance.