What is Exodus Wallet?

Exodus is a decentralized exchange and wallet founded in 2015 by J.P. Richardson and Daniel Castagnoni. Exodus’s custodial wallet allows users to conduct peer-to-peer transactions in more than a hundred cryptocurrencies. The wallet is currently available on mobile and desktop devices.

Exodus and Coinbase are cryptocurrency exchanges offering digital wallets, staking, and a variety of cryptocurrencies. Exodus was founded in 2015 with headquarters in Nebraska, and the U.S. Securities and Exchange Commission (SEC) approved its offering of Class A common stock in April 2021 (OTCBB: EXOD). Coinbase launched in 2012 and was previously headquartered in California. However, in 2020, it announced Coinbase would be a remote-first company and plans to close its San Francisco headquarters by 2022. It went public via a direct listing in April 2021 (Nasdaq: COIN).

How To Use Exodus Wallet?

Exodus is available on two platforms, desktop, and mobile. In order to use the wallet, you must decide which device you want to use it on. Then follow the few instructions given below to seamlessly make transactions using your Exodus wallet.

1. Installation

On your smartphone

• Visit the official website of Exodus and open the Download section.
• Click on the link next to the OS option of your smartphone (iOS or Android) to download the application.
• Once the download and installation are complete, you’re done. There is no need to create an account or set a username and password. It’s that simple!

On your desktop

• Visit the official website of Exodus and open the Download section.
• Click on the link next to the OS option of your desktop (macOS, Windows, or Linux) to download the application.
• Once the download and installation are complete, you’re done. Just as with its installation in smartphones, there’s no need to create an account, or set a username and password.

2. Receiving Crypto

On smartphone

• When you open that app, your home screen will show the wallet.
• You’ll be shown a list of crypto that you might want to receive. Tap the crypto who will receive and it’ll determine the address you’ll have to know.
• You’ll be shown the current price, the amount you have, and its value in dollars.
• Tap the down-arrow on the right side to get your address to receive the crypto you just selected.
• You’ll see your public key or your address, as well as a QR code. You can easily copy-paste your address with your sender over message or by email.

On desktop

• Tap on the “Wallet” option from the left panel.
• You’ll be shown a list of crypto that you might want to receive. Tap the crypto who will receive and it’ll determine the address you’ll have to know.
• You’ll be shown the current price, the amount you have, and its value in dollars. Next to this, there’ll be a “Send” and a “Receive” button.
• Tap the down-arrow on the right side to get your address to receive the crypto you just selected.
• You’ll see your public key or your address, as well as a QR code. You can easily copy-paste your address with your sender over message or by email.

3. Sending Crypto

On smartphone

• When you open that app, your home screen will show the wallet.
• You’ll be shown a list of crypto that you might want to receive. Tap the crypto who will receive and it’ll determine the address you’ll have to know.
• You’ll be shown the current price, the amount you have, and its value in dollars.
• Tap the up-arrow on the left side to get your address to receive the crypto you just selected.
• You can manually enter the amount you want to send, or click on “Half” or “All” to send 50% or 100% of your available crypto.
• Tap on “Done” to confirm.
• Next, enter the recipient’s address. In order to avoid errors, copy the address and paste it on the bottom field. Click ‘Next’.
• Validate the transaction by sliding your finger as shown on your screen.

On desktop

• Tap on the “Wallet” option from the left panel.
• You’ll be shown a list of crypto that you might want to receive. Tap the crypto who will receive and it’ll determine the address you’ll have to know.
• You’ll be shown the current price, the amount you have, and its value in dollars. Next to this, there’ll be a “Send” and a “Receive” button. Click the “Send” button.
• Next, enter the recipient’s address. In order to avoid errors, copy the address and paste it on the bottom field. Click ‘Next’.
• You can manually enter the amount you want to send, or click on “Half” or “All” to send 50% or 100% of your available crypto.
• Tap on “Send” to confirm.

Is Exodus Wallet Safe?

An online wallet is never as good as cold wallets or hardware wallets. But in comparison to other online wallets, Exodus does a pretty good job of keeping your crypto safe. Apart from its security measure, the Exodus wallet offers two modes of recovery:

• Passphrase Recovery
• Email Recovery

The standard passphrase recovery requires you to use a 12-word secret passphrase which will help you restore your crypto in case of theft or hack. The second recovery option is the email restore option. In this case, you’ll be sent an email with the backup link that can restore your wallet.

• Two-factor authentication
• Multi-signature addresses

The Bottom Line: Why Choose Exodus Wallet?

In conclusion, we can see that Exodus wallet is a good choice for beginners, owing to its ease of use and basic functionality. But due to the absence of advanced security features, it is not recommended to add large amounts of crypto to your wallet.

Overall, if you’re looking for a decent day-to-day wallet, Exodus is a clear winner. Here’s why you should choose the Exodus wallet:

• Excellent customer service
• User-friendly interface
• Built-in exchange
• 100+ crypto support

exodus 101

exodus uses decentralized exchanges and operates on the Ethereum blockchain. Unlike a traditional trading platform, P2P crypto transactions can be performed in any currency without orders.

The exodus wallet solution combines a liquidity pool structure which leverages automatic smart contracts and enables prospective trade partners to use user-funded tokens as a source of market liquidity in real time.

Anyone can exchange tokens, share tokens, in their pools or earn tokens.

Because exodus wallet is built on Ethereum, most ERC-20 tokens can easily be exchanged through exodus wallet.

Constant product formula

Is it safe to use exodus wallet exchange?

Can US citizens use exodus wallet?

American investors can naturally enter the market in this area given its reliance on US technology. American investors should also do an independent assessment of the problem that relates to their residency.

This exchange is also wholly open-source. Therefore it is easy for users to copy the code to create their decentralised exchanges. Users can also quickly enlist the tokens on the exchange for free.

The street, only one block in length, was shaded by century-old elm trees. Except for a single house hidden behind high hedges, the block was empty. No parked cars, no people strolling the sidewalks. He threw his radio down, and clambered over the fence opposite the house.

On the other side the shrubbery was thick, and the ground fell off steeply, but he slid away through the darkness not caring if he reached the other side of the Hill in tatters, simply wanting to be as far from the house when the mob reached the gate as he could get. Where are the passengers' quarters?

Netwrok Fees

Compared to DEXs in general, these fees are above industry average. exodus wallet access Withdrawal fees To our understanding, exodus wallet does - like most decentralized exchanges - not charge any transfer fees or withdrawal fees other than the network fees. The network fees are fees paid to the miners of the relevant crypto/blockchain, and not fees paid to the exchange itself. Network fees vary from day to day depending on the network pressure.

Exodus wallet FAQs

• What is the Exodus wallet?

Exodus is a beginner-friendly desktop and mobile wallet with an exchange built into its system which allows you to swap almost 100+ cryptocurrencies. Being a beginnerr friendly crypto wallet, it has a very simple user interface and all the basic features that a crypto newbie might require.

• How to use Exodus wallet?

Exodus is available on two platforms, desktop, and mobile. In order to use the wallet, you must decide which device you want to use it on. All you need to do is install the Exodus wallet from the official website and send or receive crypto without even having to create an account or password.

• Is Exodus wallet safe?

Exodus does a pretty good job of keeping your crypto safe. Apart from its security measures, the Exodus wallet offers two modes of recovery- passphrase recovery and email recovery. The standard passphrase recovery requires you to use a 12-word secret passphrase which will help you restore your crypto in case of theft or hack. The second recovery option is the email restore option. In this case, you’ll be sent an email with the backup link that can restore your wallet.