Exodus Wallet ▷ Our experience with the all-rounder!
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 cryptocurrencies you can store in it, how to use Exodus and how to set it up.
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What is exodus
Exodus was officially launched on Jan. Introduced July 29 and is a cryptocurrency wallet solution that enables 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. With this in mind, we believe Exodus is one of the best free wallets out there. Around 2016 people on CryptoCompare have already rated it 400 out of 4,2 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 “private key” as a complex password. It is extremely important that you never share this key with anyone. If someone finds out your private key, they can access your crypto wallet. A private key is essentially the same as the PIN on your bank account; You should treat him the same way.
You will receive a private key. Do not lose him. If you lose your key, you will likely lose access to your wallet.
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 cryptocurrencies, adding new keys frequently.
More than just a wallet:
The main function of Exodus is the wallet function. However, many will find that the Portfolio function is extremely useful for keeping track of your cryptocurrency investments. 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 you don't have to send your coins to an exchange to trade.
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 application folder.
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.
How do you receive and send coins?
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. Send the desired address to the money sender.
If you want to send money to someone, just click the Send button and enter the public address of the wallet you want to send the coins to.
Then enter the amount you want. Once 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 in the section above how to find your public address for Bitcoin. 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 will be different from your Bitcoin address.
Log into 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 exchange, simply click on the "Exchange" tab. You can select the cryptocurrencies to be traded from the drop-down lists. Then they enter the amount of cryptocurrency that you want to exchange. When you are satisfied with the trade, simply click on 'Exchange' and your coins will be credited to the respective Exodus wallet.
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.