Review of the Exodus cryptocurrency wallet: features, installation and configuration, reviews
The Exodus cryptocurrency wallet allows you to store and make transactions with cryptocurrency, without accessing crypto exchanges, while maintaining anonymity. To use Exodus wallet, you need to install a desktop application on a personal computer with Windows, macOS or Linux, or a mobile version for iOS and Android.
Exodus Wallet Features: Pros and cons
Of the advantages of Exodus wallet , the following can be distinguished:
- there is no registration and verification;
- storage and exchange of more than 100 types of coins;
- there is no internal wallet commission for transactions;
- round-the-clock support service.
The wallet is “thin”, so it does not require a large amount of computer or mobile device memory.
But there are also disadvantages: closed source code, no support for the Russian language. To save a secret phrase, you need to top up your wallet first. Users do not have the ability to withdraw the crypt to fiat.
Installation and Configuration
To install the crypto wallet, you need to go to the official Exodus website. com and download the application in the Download section. Then you should run the installation file. After the installation process is completed, the wallet icon will appear on the desktop.
Main sections of the application:
- Portfolio;
- Wallet;
- Exchange;
- Backup (to restore the seed phrase);
- Settings.
Private keys in the wallet are created locally and can be viewed in the application in the Wallet section. To do this, select the type of crypt, click on the colon and confirm the operation.
The application has integration with the Trezor cold wallet. After integration, the cryptocurrency funds in the wallet will be completely safe.
How to top up your wallet and withdraw cryptocurrency
The wallet supports more than 100 types of cryptocurrencies. Constantly updated information about the types of crypts can be found in the “Status” section. The list can be sorted alphabetically and by the annual rate of return.
To replenish the wallet, you need to perform the following actions:
- go to the Wallet section;
- on the left sidebar, select the type of crypt;
- press the Receive button on the screen;
- copy the address or QR code to receive.
You can transfer currency from another cryptocurrency wallet to the copied address.
The withdrawal process is similar to the one described, but instead of the Receive button, you need to press the Send button. When transferring, the network commission (not the wallet) will be deducted. This commission is dynamic and constantly changes depending on the network load.
Reviews of Exodus wallet
In positive reviews of Exodus wallet, users note the ease of creating a wallet, and a wide variety of coins. Also a user-friendly function is the creation of a barcode for sending tokens.
In negative reviews, users complain about high network fees, lack of help from technical support to solve emerging issues related to wallet security.
Therefore, wallet owners do not recommend storing large amounts in Exodus wallet if there is no synchronization with a hardware wallet. It is better to use Exotus wallet only for temporary storage of small funds.
Published: 1 December, 2022
