Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Exodus cryptocurrency wallet review – August 2020

Last updated:  

There’s a lot of hype surrounding bitcoin wallet newcomer Exodus, with its versatile design and multi-currency features.

The growth and widespread adoption of cryptocurrency has attracted a dynamic mix of wallet platforms to the market. Exodus, which was founded in July 2016, is one of the market’s newest entrants.

This wallet isn’t available through finder right now, but there are plenty of other cryptocurrency wallets for you to consider.

Details

Product Name Exodus Wallet
Wallet Type Desktop Client
Supported Cryptocurrencies BTC, BCH, BTG, LTC, ETH, DASH, ETC, VTC, FUN, DCR, EOS, ANT, GNO, OMG, BAT & 15+ more
Price (USD)

Pros

  • Good interface with powerful charting tools
  • Ideal for the cryptocurrency trader or portfolio builder
  • Access to nearly a dozen cryptocurrency assets
  • Tutorials and videos to guide you through setup and use
  • Engineered for beginners

Cons

  • New company means lower reputation, especially since it is not open source
  • Lack of two-factor authentication, which has raised some security concerns
Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Exodus?

Exodus is a desktop wallet designed to give you complete control over your cryptocurrency assets.

For starters, it’s the first desktop wallet that offers full compatibility with ShapeShift – a popular instant cryptocurrency exchange supporting dozens of tokens. This means Exodus users have access to nearly a dozen cryptocurrencies.

Like other desktop wallets, Exodus stores cryptocurrency assets directly on your machine. Since Exodus is a lite wallet, you never have to download the whole blockchain to your computer.

Exodus’s biggest claim to fame is its intuitive, user-friendly platform. The Exodus desktop wallet aims to give you plenty of features to control an entire cryptocurrency portfolio, but it is designed for people who have never actually used an exchange.

Compatibility

  • Windows (64-bit), Mac OS and Linux. Users can also join the Exodus Movement on Slack, a popular messaging platform.
  • First desktop wallet with full ShapeShift functionality.

How much does it cost?

As a service provider, Exodus charges transaction fees each time your payment is processed. The fees themselves are paid to each blockchain network (bitcoin, Ethereum, Litecoin, etc.) and are not kept by Exodus.

Since Exodus prioritizes speed and reliability over lower fees, it tracks changes on the blockchain network and adjusts fees accordingly. As such, fees cannot be set manually.

You might be thinking: How does Exodus make money? It does so by taking a small portion of the spread on the major asset exchanges. Typical spreads range between 1-3%.

Which cryptocurrencies can I store?

  • Bitcoin (BTC)
  • Bitcoin Cash (BCH)
  • Bitcoin Gold (BTG)
  • Dash (DASH)
  • Decred (DCR)
  • Digibyte (DGB)
  • Ethereum (ETH)
  • Ethereum Classic (ETC)
  • Litecoin (LTC)
  • Vertcoin (VTC)
  • Zcash (ZEC)
  • 0x (ZRX)
  • Aragon (ANT)
  • Augur (REP)
  • Basic Attention Token (BAT)
  • Bancor (BNT)
  • Civic (CVC)
  • District0x (DNT)
  • EOS (EOS)
  • Edgeless (ENG)
  • FirstBlood (1ST)
  • FunFair (FUN)
  • Gnosis (GNO)
  • Golem (GNT)
  • iExec RLC (RLC)
  • Matchpool (GUP)
  • Metal (MTL)
  • Numeraire (NMR)
  • OmiseGo (OMG)
  • SALT (SALT)
  • SingularDTV (SNGLS)
  • Storj (STORJ)
  • Status (SNT)
  • WeTrust (TRST)
  • Wings (WINGS)

How do I add currency to my wallet?

The easiest way to add cryptocurrency assets to your Exodus wallet is to first purchase them with your national currency (eg, Canadian dollars). You can then transfer them to your Exodus wallet for safe storage.

Exodus recommends that you buy cryptocurrency from established exchanges, such as Coinbase. The Coinbase platform is available in over 32 countries.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Credit card,Debit card,Interac e-Transfer,Wire transfer
CAD

6
cryptocurrencies

Get a $20 bonus when you buy or sell at least CAD$50 in digital currency. T&Cs apply.
Buy and sell cryptocurrency with Canadian dollars on this beginner-friendly Canadian exchange.
Cryptocurrency,Interac e-Transfer,Wire transfer
CAD

8
cryptocurrencies

Get a $20 bonus when you open an account and deposit at least CAD$250. T&Cs apply.
At this Canada-based cryptocurrency exchange, you can pay in CAD through bank wire, Interac e-Transfer or Flexepin.
Coinsmart Cryptocurrency Exchange
Credit card,Debit card,Interac e-Transfer,Bank Wire,Bank Draft
CAD

10
cryptocurrencies

Get a $20 bonus in BTC when you open an account and deposit at least CAD$100. T&Cs apply.
Buy and sell cryptocurrency quickly and easily, with instant verification and 24/7 customer support, on this Canadian exchange.
Bank transfer (ACH),PayPal,Bank transfer (SEPA),SWIFT,Xfers,Credit or Debit Card
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

64
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Interac e-Transfer,Wire transfer,Wealth Wire,Rushed Wire,Direct Bank Deposit
CAD, USD, EUR, GBP, CHF

10
cryptocurrencies

Finder exclusive: Get a $10 bonus when you deposit at least CAD$100. T&Cs apply.
Trade some of the most popular cryptocurrencies with competitive fees on this intuitively designed Canadian exchange.
Credit card,Cryptocurrency,Debit card,Bank transfer (via third party)
USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 23+ more

202
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card,Bank transfer (SEPA),SOFORT,SWIFT,Fedwire
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
AdvCash,Credit card,Debit card,Neteller,Payeer
USD, EUR, GBP, CAD, JPY

9
cryptocurrencies

Buy Bitcoin and other popular cryptocurrencies with credit card or debit card on this digital cryptocurrency exchange.

US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.
Electronic Funds Transfer,Wire transfer,Osko,PayID,Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF, AUD

34
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Cryptocurrency,Debit card,Interac e-Transfer,Bank transfer (SEPA),Wire transfer
CAD

8
cryptocurrencies

NDAX is a Canada-based digital asset exchange with CAD currency pairs and with options for advanced traders.
Flexepin,Interac e-Transfer,Bank Wire,Credit or Debit Card,Cash or Debit at Canada Post
CAD

1
cryptocurrency

A cryptocurrency platform where Canadians can simply use their CAD to buy BTC through a variety of deposit methods.
Bank transfer (ACH),Credit card,Bank transfer (SEPA), Faster Payments Service,Skrill
USD, EUR, GBP, RUB

23
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Use your USD, EUR or RUB to buy and sell cryptocurrency at competitive exchange rates and with high maximums for verified accounts.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Cryptocurrency
USD, EUR, GBP, JPY

165
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
AdvCash,Cryptocurrency,Payeer,Perfect Money,Capitalist
USD, RUB

1427
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Credit card,Cryptocurrency,Debit card
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

210
cryptocurrencies

Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Cryptocurrency,Express Polish Post Office 24/7,Wire transfer,GBP bank transfers
USD, EUR, PLN, GBP

40
cryptocurrencies

This Polish-based exchange offers a variety of accessible payment methods, including Express Polish Post Office 24/7 service and Express DotPay.
Bank transfer,Credit card,Debit card,Neteller
GBP, EUR

4
cryptocurrencies

Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Cash,Credit card,Cryptocurrency,PayPal,Western Union
DZD, XCD, ARS, AMD, AWG, AUD, AZN, BSD, BHD, BDT & 140+ more

1
cryptocurrency

Connect with bitcoin buyers and sellers through this peer-to-peer marketplace that accepts cash, credit and more than 300 other payment methods.
Cryptocurrency
EUR, GBP

111
cryptocurrencies

Trade crypto to crypto with a choice of over 100 currencies on this global exchange based in China.
Indacoin Cryptocurrency Exchange
Credit card,Debit card
USD, EUR, RUB

158
cryptocurrencies

Use your credit or debit card to buy bitcoin and other cryptocurrency without having to verify your identity.
OKEx Cryptocurrency Exchange
Bank transfer,Cryptocurrency,WeChat
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

269
cryptocurrencies

Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Bithumb Cryptocurrency Exchange
Cryptocurrency,Wire transfer
KRW

103
cryptocurrencies

A global platform where users can make KRW and cryptocurrency deposits to purchase up to 15 popular cryptocurrencies.
Coinbase Pro
Bank transfer (ACH),Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bitstamp Cryptocurrency Exchange
Credit card,Cryptocurrency,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR

5
cryptocurrencies

A global cryptocurrency exchange that facilitates crypto to fiat transactions, where you can use EUR or USD to buy bitcoin and popular altcoins.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
USD

278
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Gemini Cryptocurrency Exchange
Cryptocurrency,Wire transfer,Bank transfer (USA only)
USD

24
cryptocurrencies

Trade bitcoin, Ethereum and more at a US-based exchange where payments can be made in USD.
xCoins P2P Bitcoin Lending
Bank transfer,Credit card,Debit card,eCheck,PayPal
USD

1
cryptocurrency

Buy bitcoin instantly with credit card, PayPal or bank account on this peer-to-peer lending platform.
Bitit Cryptocurrency Marketplace
Cash,Credit card,Debit card,Neosurf,Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Gate.io Cryptocurrency Exchange
Cryptocurrency
-

36
cryptocurrencies

IDEX Cryptocurrency Exchange
IDEX Cryptocurrency Exchange
Cryptocurrency
-

257
cryptocurrencies

A decentralised cryptocurrency exchange where you can trade over 250 ERC20 tokens.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

loading

Compare up to 4 providers

How do I make or receive payments with Exodus?

Transactions over a cryptocurrency network can be made directly through your Exodus wallet. The network charges a transaction fee, which is paid to the network itself and not Exodus.

To send cryptocurrency funds, click the “Wallet” button on the left sidebar and select the asset you want to send. Enter the address of the recipient and click “Send.”

To receive cryptocurrency assets with Exodus, click the “Wallet” button and select the asset you want to receive. For example, if you want to receive bitcoin, your bitcoin address will automatically appear. You can copy this address and give it to another person to receive bitcoin payment from them.

Exodus wallet interface

How secure is Exodus?

As a desktop wallet, Exodus encrypts all of your blockchain assets and stores them directly on your computer. This means they are 100% in your control at all times.

The wallet also runs a back-up system, but never stores any of your keys on its servers. This back-up system is helpful in the event your computer breaks down.

In addition to the backup, the Exodus team will email you a secure link to reactivate your wallet. The link is protected by a 12-word passphrase and Exodus “key”.

Earlier this year, Exodus introduced a new feature where you can restore your 12-word passphrase by clicking a button on the password screen.

However, Exodus has been criticized for not offering two-factor authentication, which many other wallets possess. This is something you should keep in mind when securing your wallet.

Where can I get Exodus?

Exodus can be accessed directly on the company’s main website and you’ll be given a link to download the wallet directly to your computer.

Exodus: The good and the bad

Pros

  • Good interface with powerful charting tools
  • Ideal for the cryptocurrency trader or portfolio builder
  • Access to nearly a dozen cryptocurrency assets
  • Tutorials and videos to guide you through setup and use
  • Engineered for beginners

Cons

  • New company means lower reputation, especially since it is not open source
  • Lack of two-factor authentication, which has raised some security concerns

Next steps

Getting started with Exodus is a few clicks away. By navigating to the main website, you can download the wallet directly to your desktop and begin setting up your account. If you already possess cryptocurrency, you can start transferring them into your Exodus wallet right away.

If you ever run into issues, Exodus operates a Vimeo page (available directly to the site) with tutorials that can help you get started.

Compare Exodus to other crypto wallets

Name Product Wallet type Supported Cryptocurrencies Price (USD) Disclaimer
Ledger Nano X Wallet
Ledger Nano X Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
$119
NEW – The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than its big brother, the Nano S.
Ledger Nano S Wallet
Ledger Nano S Wallet
Hardware
BTC, XRP, ETH, BCH, EOS, XLM, LTC, TRX, ADA, MIOTA & 1,330+ more
$59
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
Guarda Wallet
Guarda Wallet
Desktop Client, Mobile, Web
BTC, ETH, XRP, BCH, EOS, XVG, LTC, ADA, XLM, DASH & 70+ more
Free download
A multi-platform wallet with a user-friendly interface designed to store, manage, transfer and receive digital assets.
Atomic Wallet
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, DGB, QTUM, XLM, ZEC, XRP, BCH and 150+ more
Free download
Store, buy and sell 130+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
TREZOR One Wallet
TREZOR One Wallet
Hardware
BTC, ETH, XRP, BCH, LTC, LINK, XLM, HT, USDC, DASH & 1280+ more
$55
TREZOR hardware wallet is a secure way to keep your cryptocurrency safe from hackers and malware.
TREZOR Model T Wallet
TREZOR Model T Wallet
Hardware
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$170
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Sugi Wallet
Sugi Wallet
Hardware, Mobile
BTC, ETH, LTC, XRP, BCH, ERC20
$71
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
CoolWallet S Wallet
CoolWallet S Wallet
Hardware, Mobile
BTC, BCH, XRP, ETH, LTC, ZEN, ICX, JOY, ZPR, LEO & 30+ more
$99
A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
KeepKey Wallet
KeepKey Wallet
Hardware
BTC, BCH , DASH, DOGE, ETH, LTC, NMC
$49
Protect your digital assets from hackers with the virus- and malware-proof KeepKey hardware wallet.
Jaxx Liberty wallet
Jaxx Liberty wallet
Desktop Client, Mobile, Web
BTC, ETH, DASH, ETC, BCH, REP, LTC, ZEC, RSK, DGE, ICN, GNT, GNO, DGD, BCAP, CVC, STX, POE, MCI, QTUM, CFI, ART, PAY & 55+ more
Free download
A relatively new wallet on the market, Jaxx offers multi-platform support for seven different cryptocurrency assets.
loading

Compare up to 4 providers

Frequently asked questions

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Ask an expert

You must be logged in to post a comment.

Go to site