Exodus cryptocurrency wallet review – October 2022

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.

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.

This wallet isn’t currently available via the finder website right now. Please see our comparison of other crypto wallets for options to consider.

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. Because 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 all the bells and whistles 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.

Because Exodus prioritises 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, Hong Kong 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
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

268
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets.
Binance Cryptocurrency Exchange
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

370
cryptocurrencies

Finder Exclusive: Get 10% discount on your fees when signing up through Finder. T&Cs apply.
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.
Kraken Cryptocurrency Exchange
Kraken Cryptocurrency Exchange
Bank transfer, Cryptocurrency, Wire transfer, Osko, SEPA, Apple Pay, Google Pay, SWIFT
USD, EUR, GBP, JPY, CAD, CHF, AUD

211
cryptocurrencies

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

29
cryptocurrencies

Bit.com is a full-suite crypto exchange, offering spot, futures, perpetual contract, options and savings. New users can enjoy up to 200% APY on savings, $245 trading coupons and earn free Bitcoin by only checking in on the mobile app daily.
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

661
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Gate.io Cryptocurrency Exchange
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

1188
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 1,100 tokens including derivatives, yield farming and lending products. Eligible countries only.
OKX Cryptocurrency Exchange
OKX Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP

320
cryptocurrencies

Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 300 cryptocurrencies, OKX offers its users a variety of payment methods and coins to choose from.
Changelly Crypto-to-Crypto Exchange
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Okcoin Cryptocurrency Exchange
Okcoin Cryptocurrency Exchange
Bank transfer (ACH), Epay, Credit or Debit Card, SEPA, Prime X
USD, EUR, SGD

79
cryptocurrencies

Get $50 worth of BTC when you buy $3000 or more in crypto. T&Cs apply.
Buy, sell and earn cryptocurrency with this user-friendly exchange and smartphone app.
Coinmama Cryptocurrency Marketplace
Coinmama Cryptocurrency Marketplace
Fedwire, SEPA, Google Pay, SWIFT, Bank card
USD, EUR, AUD, CAD, GBP, JPY

16
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
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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 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 criticised 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 wallet
BTC, ETH, XRP, BCH, ADA, LTC, BNB, EOS, XTZ, XLM & 5,000+ more
$149
The Ledger Nano X comes with added Bluetooth functionality, more memory and a higher quality screen than the original Nano S.
TREZOR Model T Wallet
TREZOR Model T Wallet
Hardware wallet
BTC, ETH, XRP, USDT, BCH, LTC, EOS, XTZ, LINK, XLM & 1380+ more
$250
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
ZenGo Cryptocurrency App
ZenGo Cryptocurrency App
Mobile wallet
BTC, ETH, BNB, DOGE, USDT, MATIC, LINK, CHZ, XTZ & 60+ more
Free download
Take advantage of ZenGo’s unique biometrics setup to buy, sell and spend and earn 70+ cryptocurrencies in your own wallet.
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Frequently asked questions

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