π₯ Exodus wallet put to the test: our experiences in 2021!
About this guide: Our Exodus guide shows you how to set up and use one of the most popular free cryptocurrency wallets. We'll show you which crypto currencies You can save how you use Exodus and how to set it up in it.
Exodus is a popular wallet and for good reasons, as we're going to show you in this article. Even so, at BC1 we believe that eToro still offers the best overall package and especially for beginners with an interest in multiple cryptocurrencies is very attractive.
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What is exodus
Officially launched on July 29, 2016, Exodus is one Cryptocurrency wallet Solution that allows you to store and manage your crypto. As a software solution, you should be aware that it is not as secure as a Hardware Wallet. However, there is now an exciting cooperation that we will go into in more detail later. With this in mind, we believe Exodus is one of the best free wallets out there. Around 400 people on CryptoCompare have already rated it 4,2 out of 5 stars.
What sets Exodus apart from its competitors is its beautiful, simple design, as well as the removal of confusing cryptocurrency jargons. The Exodus Wallet is the perfect option for people who are new to the cryptocurrency market.
Public address: The public address is essentially the same as your bank account number. If someone wants to send you money, give them your public address to complete the transaction.
Private key: Think of the βprivate keyβ as a complex password. It is extremely important that you never share this key with anyone. If someone finds out your private key, he or she can access your crypto wallet. A private key is essentially the same as your bank account PIN - you should treat it the same way. If, for whatever reason, you lose your key, you will likely lose access to your wallet.
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Which cryptocurrencies are supported?
The number of supported cryptocurrencies is probably the most important factor when choosing a wallet. Exodus actually supports a significant number of different ones crypto currencies and adds more regularly.
Exodus supports numerous cryptocurrencies - more than 130 to be precise (as of March 31, 2021).
In addition to the familiar faces - Bitcoin, Ethereum, Ripple like polkadot - there are also a few exotic ones. So you can work with serum, with SushiSwap or with Solana and longing for finances. If you choose Exodus, you can look forward to a true diversity.
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More than just a wallet - Exodus functions at a glance
The main function of Exodus is the wallet function. However, many will find that the Portfolio function is extremely useful to keep track of theirs Cryptocurrency investments to keep. The design is very simple but effective.
Exodus also has an integration with the Shapeshift exchange. This means that within Exodus you can exchange any stored cryptocurrency for another and not your coins to one Exchange need to send to trade.
Exodus scores with a new user interface, which stands out above all with a very beautiful design. Exodus took great care here to create a coherent picture. Whereby, of course, emphasis was placed on addressing beginners - that is, the design may be new, but the operation has not become more difficult or complicated.
With Exodus it is possible to work with cryptocurrencies - regardless of whether they are known digital currencies or not. It's much more than just an ordinary wallet, it's about a wide range of many digital currencies. This will especially appeal to true crypto fans.
In addition, Exodus also convinces as a function of an exchange - i.e. stock exchange. That said, it's not just about that Storage of coinsbut also about purchasing digital coins. You won't have any problems when it comes to using the app.
You only have to search for the desired crypto currency in the search field, then specify the amount of coins that should be bought and then the price to be calculated is calculated and communicated. But you can also specify the price to be invested and then the coins are transferred to the wallet. The process does not take long and will not pose any difficulty even to a beginner.
Exodus scores with a wide range, so that not only investors are addressed, but also all those who want to keep their coins safe for a longer period of time. Because in this case the wallet, i.e. the digital wallet, is used.
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Desktop Wallet
With the desktop wallet from Exodus it is possible to save your crypto inventory directly on your computer. Simply download and install from the Exodus website - the entire process takes less than five minutes. With the desktop wallet you can easily send and receive coins or keep them safe.
It should be noted that the desktop wallet is only available on the computer on which the digital wallet has then been installed. Access via another computer is therefore not possible.
It is important that you work with the latest safety precautions. That means, if you use a desktop wallet, you should use an appropriately secure antivirus software or make sure that it is up to date - i.e. download updates!
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Mobile Wallet
The Exodus mobile wallet has the advantage that the crypto inventory can also be accessed on the go. So if you want to buy or sell coins in the subway, on your way to work or in a taxi, you are well advised to opt for the mobile wallet. However, it should be noted that the mobile wallet is only available on the mobile device on which the download took place or on which the digital wallet was installed.
In other words, if the mobile wallet was installed on the tablet, access via the smartphone is not possible. It is therefore advisable to install the wallet on the mobile device that is usually carried with you - and that is almost always the smartphone.
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Trezor Exodus Wallet
With Trezor a hardware version is available in order to get the greatest possible security with regard to crypto currencies. The hardware wallet has the advantage that cybercriminals can only attack when there is a connection to the Internet. And this Internet connection takes place significantly less with the hardware wallet than with the desktop or mobile wallet.
Due to the fact that Exodus is working with one of the best-known providers in the field of wallets, it is primarily aimed at those crypto fans who want their coins to be 100 percent secured. The combination or integration of the Trezor Wallet into the Exodus Wallet is easy and will not pose any challenges even for beginners.
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How do I set up the Exodus wallet?
The first thing you should be on the official Exodus site go and download the latest Exodus Wallet version.
Once you are on the website, click the "Download Now" button.
Fortunately, the team made a Windows, MAC, and Linux version. Simply select the download suitable for your operating system - in this example we are using MAC.
Once the download is complete, you need to make sure that the wallet is installed properly. For MAC, just move Exodus to the Applications folder. Then open the application.
You will then see a welcome screen. Your Exodus wallet is ready to use. It's kept very simple.
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How do I use the wallet?
Make sure the cryptocurrency you want to send is supported and activated. If you click on 'Settings' you can then activate or deactivate various cryptocurrencies.
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How do I receive and send coins with Exodus?
Just click on the "Wallet" tab and then scroll through the different cryptocurrencies until you find the one you want. If you wanted to receive Bitcoin, you would simply click on Bitcoin and the "Receive" button.
You will then receive your Bitcoin address. Share this address with whoever wants to send you Bitcoin.
If you want to send money to someone, just hit the "Send" button and enter the public address of the wallet you want to send the coins to. Then enter the desired amount. As soon as you click Submit on Exodus, the transaction will be sent.
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I have coins on Coinbase. How do I send you to Exodus?
We showed you how to find your public address for Bitcoin in the section above. You should follow these steps for each individual cryptocurrency. The reason for this is that the public address can be different for each cryptocurrency. For example, your Ethereum address from her Bitcoin address distinguish.
contact Coinbase and go to the Accounts tab. Click the Submit button. Choose the currency you want.
Paste your Exodus address into the recipient address field of the wallet and enter the amount you want to withdraw. In this example we used Bitcoin.
Click "Next" and complete the transaction. Your money will be displayed in the Exodus shortly.
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The Exodus Exchange
To use the Exodus exchange, click on the βExchangeβ tab. A drop-down list with digital currencies will appear. As I said - Exodus scores with a true diversity. Ultimately, more than 130 cryptocurrencies are available.
Once you have found the right digital currency for you, you can click on it and purchase it. Simply enter the desired amount or the desired number of coins that should then be transferred.
Due to the fact that a very easy-to-understand user interface is used here, you can easily buy coins or have it transferred to the integrated Exodus wallet. So even beginners who come into contact with the crypto market for the first time will not have difficulties here.
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Summary
You should now be ready to store, receive, or send cryptocurrencies. We are positively surprised with the Exodus user experience and dashboard. Customer service is also excellent. We have no problem with this wallet den Bitcoin-News.One Recommended to readers.
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