Exodus cryptocurrency wallet review – November 2019

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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

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. 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)

Exodus has also announced plans to support, or explore supporting, the following altcoins: 0x (ZRX), Bancor (BNT), DigixDAO (DGD), Factom (FCT), FirstBlood (1ST), ICONOMI (ICN), IOTA (MIOTA), Maidsafe (MAID), Metal (MTL), Monero (XMR), NEM (XEM), NEO (NEO), Omni (OMNI), Qtum Mainnet (QTUM), Ripple (XRP), Siacoin (SC), SingularDTV (SNGLS), Status (SNT), Storj (STORJ), TenX (PAY), Tether (USDT), Wings (WINGS) and ZCash (ZEC).

How do I add currency to my wallet?

Table: shows partner brands and other brands, sorted by popularity

The easiest way to add cryptocurrency assets to your Exodus wallet is to first purchase them with your national currency (eg, GBP). 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 Supported Cryptocurrencies
BC Bitcoin Cryptocurrency Broker
Cryptocurrency
Bank transfer (SEPA)
SWIFT
Wire transfer
Faster Payments Service
GBP, EUR, USD, CAD, SGD, AUD, JPY, MXN
BTC, ETH, BCH, XRP, LTC, EOS, XLM, USDT, ADA, XMR, TRX and 50+ more
BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Kraken Cryptocurrency Exchange
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP, JPY, CAD
BTC, ETH, XRP, BCH, EOS, LTC, ADA, XLM, DASH, XMR & 15+ more
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.
eToro Cryptocurrency Trading & CFDs
Credit card
Debit card
PayPal
Wire transfer
Local Online Banking
EUR, GBP, NZD, USD, AUD, CAD, HKD, SGD, CHF, NOK, ZAR, JPY, SEK, CNH, TRY, RUB, HUF, MXN, PLN
BTC, ETH, BCH, XRP, DASH, LTC, ETC, ADA, MIOTA, XLM, EOS, NEO, TRX, ZEC, BNB, XTZ
Disclaimer: Highly volatile investment product. Your capital is at risk. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Copy the trades of leading cryptocurrency investors on this unique social investment platform.
Bitcoin UK Cryptocurrency Exchange
Bank transfer
Credit card
GBP
BTC
Buy bitcoin via online bank transfer or credit card with this UK exchange.
Binance Cryptocurrency Exchange - UK
Cryptocurrency
BTC, XRP, USDT, ETH, NEB, XVG, TRX, NEBL, ETH, NEO, FUN, ETC, BCC, POE, DASH, ELF, & 80+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

UK residents: In addition to normal crypto trading, 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.
CoinCorner Bitcoin Exchange
Bank transfer
Credit card
Debit card
GBP, EUR
BTC, ETH, LTC, XRP
Buy and sell bitcoin in GBP or EUR with credit card, debit card and bank transfer payment options.
Coinbase Digital Currency Exchange
Credit card
Debit card
PayPal
USD, EUR, GBP
BTC, ETH, XRP, BCH, EOS, LTC, XLM, ETC, ZEC, ZRX & 5+ more
Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Binance Jersey Cryptocurrency Exchange
Bank transfer
Cryptocurrency
EUR, GBP
BTC, ETH
Use your GBP or EUR to buy bitcoin and Ethereum through a platform launched by Binance.
Terrexa Crypto Marketplace
Credit card
Wire transfer
USD, EUR
BTC, ETH
A global exchange where users buy and sell cryptocurrency in exchange for USD or EUR.
Bitpanda Cryptocurrency Exchange
Bank transfer
Credit card
Cryptocurrency
Debit card
Neteller
Bank transfer (SEPA)
SOFORT
EUR, GBP, CHF, USD
BTC, LTC, ETH, DASH, XRP, BCH, KMD, MIOTA, EOS, PAN & 20+ more
A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.

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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

Table: shows partner brands and other brands, sorted by popularity
Name Product Wallet type Supported Cryptocurrencies
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
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, BNB, XMR, DASH, NEO, ETC, ZEC, XTZ, WAVES, DOGE, VET & 1,000+ more
Securely store some of the world's leading cryptocurrencies on the Ledger Nano S hardware wallet.
TREZOR One Wallet
TREZOR One Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
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, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
The next generation of hardware wallet from TREZOR, the Model T includes a host of new features including a touchscreen and improved processing.
Atomic Wallet
Atomic Wallet
Desktop Client
BTC, LTC, ETH, TRX, XMR, DGB, QTUM, XLM, ZEC, XRP, BCH, ETC, DASH, AWC, BTG, DOGE, TPAY, VET, VTHO, DCR, and 280+ more
Store, buy and sell 300+ cryptocurrencies using Atomic Wallet's in-built atomic swap exchange.
Corazon Wallet
Corazon Wallet
Hardware
BTC, BCH, BTG, LTC, DASH, DOGE, ETC, ETH, ERC20, NEM, NMC, ZEC, EXP, UBQ
Designed by GRAY, the Corazon is a luxury Trezor Model T hardware wallet with an aerospace-grade titanium finish.
Abra Cryptocurrency App
Abra Cryptocurrency App
Mobile
BTC, BCH, ETH, XRP, ETC, LTC, XLM, ADA, BTG, TRX, REP, BAT, DASH, DGB, DOGE, GNT, LSK, XMR, XEM, NEO, OMG, QTUM, SNT, STRAT, TRX, XVG, VTC, ZEC, ZRX
Buy and hold 28+ cryptocurrencies and more than 50 different fiat currencies in this all-in-one wallet and exchange app.
CoolWallet S Wallet
CoolWallet S Wallet
Hardware
Mobile
BTC, ETC, XRP, LTC, BCH, ICX, ERC20 Tokens
A mobile hardware wallet for iPhone or Android designed to offer wireless bluetooth transactions and cold storage.
Sugi Wallet
Sugi Wallet
Hardware
Mobile
BTC, ETH, LTC, XRP, BCH, ERC20
A NFC cryptocurrency wallet card with a mobile app that supports major cryptos and select ERC20 tokens.
Altcoin.io Wallet
Altcoin.io Wallet
Desktop Client
Web
BTC, ETH, REP, ANT, BAT, EOS, SALT, CVC, DNT, SNT, SUB, TRX, OMG, BTM, DENT, PPT, MKR, DGD, QASH, ETHOS & 10+ more
Along with being a decentralised cryptocurrency exchange, Altcoin.io offers users access to its beta release atomic swap wallet.

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