What is an Exodus Wallet?
An Exodus is a known multi-currency wallet and is built in with an easy-to-use user interface. This wallet was launched back in 2016 and it is definitely one of the well-designed wallets that has ever existed in the digital community today. It is aesthetically appealing and is known to have the best features that digital asset investors will surely benefit from.
If you are looking for a wallet that is secured and is very easy to use, then you should consider getting an Exodus wallet. It is definitely a good choice as it is capable of storing a variety of popular digital coins in the market today. It has been learned that the Exodus wallet supports nearly 100 different cryptocurrencies and more and more are being added over time.
The Exodus wallet is available for computers who are working under Windows, Linux, and the OSX operating systems. While it is true that this wallet is yet not available for the mobile users, it is believed that this will soon change and a newer mobile version of the Exodus wallet will be made available soon this year. Furthermore, it has been added that more and more available versions of the Exodus wallet for the iOS and Android users will be added into their website this 2019.
Compatibilities, Cost, and Currencies that work Best with Exodus
The Exodus is the first desktop wallet that is known to have a ShapeShift functionality feature. It also has a popular messaging platform feature that works into different desktops that are powered by compatible operating systems as well.
Being an Exodus wallet holder, you need to be aware that this wallet charges for a transaction fee. Therefore, each and every time you make payments, you have to expect a charge that is incurred with it. It has been said that these fees are used to pay to each of the blockchain networks including Bitcoin, Litecoin, and others, and are not kept by the Exodus alone.
This wallet is known to prioritize the speed and reliability of transactions more than having lower fees. One of the best things about Exodus is that fees can be set manually. It is through such charges that Exodus makes money by taking small portions of fees from the widespread of different asset exchanges.
In order for you to add your currency to your wallet, you need to first purchase it. Once done, you can simply transfer it to your Exodus wallet for safe-keeping. Meanwhile, this wallet is known to store multiple currencies including Bitcoin, Dash, Decred, Vertcoin, Digibyte, Ethereum, Litecoin, Zcash, 0x, Aragon, Augur, Basic Attention Token, Bancor, Civic, DistrictOx, EOS, Edgeless, FirstBlood, FunFair, Gnosis, Golem, Matchpool, Metal, SALT, Storj, Status, WeTrust, Wings, and a lot more!
How to Make Transactions with an Exodus Wallet?
Whenever you need to make transactions like receiving or making payments, it can simply be directly made through your Exodus wallet. Each network charges you with a transaction fee that will be paid directly to the network itself. In order for you to send funds, you only need to click the “Wallet” button on the left portion of the sidebar and just simply select that certain asset you wish to send. After that, you can enter the address of your recipient and just click “Send.”
Meanwhile, if you wish to receive digital assets through Exodus, you just click the “Wallet” button and simply select the digital asset you wish to receive. If you want a Bitcoin or Litecoin, its specific address will just automatically appear within the wallet. You can copy this address and give it to the person in order for you to receive the funds from them.
Apparently, making and receiving payments with this wallet is definitely easy. Its simple user interface has become one of the reasons why more and more investors have preferred using this wallet in keeping and storing their digital assets.
How Safe is the Exodus Wallet Security?
One of the best things about using Exodus wallet is it allows users to have full control of their assets all the time. Being known as a desktop wallet, the Exodus tends to encrypt all your digital assets and will store them directly to your computer. Hence, you have nothing to worry about its safety from hackers and theft.
Apart from that, this wallet has an efficient backup system and is very helpful in times when a particular computer crash accidentally. Further, the Exodus team is learned to have sent emails to its users that give you a secure link that will instantly activate your wallet. This link is usually protected by a 12-word password that is known as the Exodus key.
Despite some of the critics pointing out at the lack of two-factor authentication support for Exodus, this wallet is believed to be fully safe and secure. It has been said that using a desktop wallet is more secure compared to using the other ones.
As a user, you only need to make sure that you have an anti-virus installed on your computer. This will make your digital assets safe especially if you accidentally click on some untrusted links and have downloaded untrusted files online.
The Exodus wallet in itself is accessed only through with a secure password. That is sufficiently enough for the users to tell how safe the wallet is. If you have a large amount of cryptocurrency, it is always best for you to store it to the most reliable wallet you can use in this digital community.
To sum it all up, the Exodus wallet is secure and has certainly overtaken other wallets online. This is one of the desktop wallets wherein a user can have full control over their private keys and which is generated and store locally on your computer.
If you wish to get your own Exodus wallet, you can directly access the company’s main website and you will be simply given a link to download the wallet directly to your computer.