Exodus Wallet Review

Exodus Wallet is a simple crypto wallet that you can install on your computer. And if you wish, you can then also connect Exodus mobile app to your account.

Exodus Wallet at glance

Exodus Wallet was one of the first crypto wallets I ever installed and compared to the other five wallets I tried on my laptop, this one is the only one still there. And that’s already saying something.

Exodus is a multi-currency crypto wallet for desktop and mobile.

Exodus Wallet is probably one of the nicest looking crypto wallets out there and it stands out with its simplicity.  

They have clearly tried to make it a very easy to use crypto wallet and they have definitely succeeded.

In our opinion Exodus might be the best crypto wallet for beginners and you might want to keep using it even later on.

Exodus Wallet is a Desktop and mobile wallet – it’s not an online wallet like Trust Wallet or similar.  TO use it, you definitely need to download it and install it.

​Exodus Wallet navigation

On top of the desktop Exodus Wallet you have three main buttons – your Exodus portfolio, your Exodus wallet, and Exodus exchange.



Portfolio is the place which lists all the cryptos you currently own.

Wallet allows you to send and receive coins.

Exodus exchange allows you to trade between different cryptocurrencies.

Exodus Wallet security – securing your crypto wallet

When you create yourself an account after you have downloaded the wallet, you need to choose a password and also backup a 12-word recovery phrase. This recovery phase is the only way to recover your funds should you lose access to your computer.

This recovery phase can also be used to sync your Exodus mobile app with the desktop version.

Additionally it is possible to set up another passcode to your Exodus Wallet, making it even more secure.

Supported coins - which cryptocurrencies can Exodus store?

Exodus Wallet currently supports 148 coins and they are slowly adding new ones as well. The current list of coins Exodus Wallet support can be found below:

Exodus app

Exodus mobile app can be used together with your desktop application.

Exodus mobile app or mobile wallet is available for both Android and iOS.

Exodus fees

Exodus fees are definitely not the lowest ones, but we feel that’s ok. You want to HODL with Exodus, not make loads of transfers.

But at the same Exodus does not charge fees for sending or receiving cryptos.

The  busier networks are, the higher the transaction fees are. That’s sort of a downside and can raise the fees at times a lot. Although Exodus doesn’t take anything, almost all fees go 100% to networks and miners.

However, when you use Exodus exchange, you might pay roughly 4-5% spread. But before you make the exchange, you always see the exact fees, etc.

Customer support

Exodus customer support cares about your feedback. While many companies might be saying that, in case of Exodus this actually seems to be the case.

Get in touch with Exodus customer support via the following channels:
Please not that you never ever share your Exodus Recovery phrase with anyone, not even the customer support.

Exodus rewards – earn money with your crypto

If you own certain cryptos, such as ALGO, ADA, NEO, ATOM, ONT, XTZ or VET, you can put them to earn money for you. The APY ranges from 1% and 20% depending on the crypto and time.


4 things you might want to know about Exodus Wallet

If you have any other questions about Exodus Wallet or Exodus mobile app, feel free to get in touch and we can answer your questions about Exodus here as well.

1. Can you buy crypto using Exodus Wallet?

Yes. You can use Exodus exchange to buy cryptos for other cryptos.

2. Can you deposit fiat money to Exodus Wallet?

No. Exodus does not support deposits with fiat money, so on Exodus exchange you can only exchange your existing coins there.

3. Where are your cryptocurrencies stored with Exodus Wallet?

Your cryptocurrencies or rather the keys are stored on your computer or your Exodus mobile app.

4. Is Exodus compatible with hardware wallets?

Yes. For example it’s compatible with TREZOR hardware wallets .

Pros and cons of Exodus Wallet

Pros
Cons
Simple, but neat designate
High transaction fees
Simple to use
Can’t deposit or withdraw fiat currency
Desktop and mobile app
No advanced buying and selling options ​
Great customer support
Doesn’t offer two-factor authentication ​
Allows users to retain their private keys

Total control over your crypto assets

No personal data is collected

No registration required

No KYC is needed

Quick transactions

Possible to earn passive income with your crypto​

How to get started with Exodus?

  1. Go to Exodus official website. Don’t download Exodus from any random place.
  2. Click Download button
  3. Choose the operating system
  4. Download the file
  5. Install the wallet
  6. Set it up, and make sure to back up the recovery phase!
  7. And you’re ready to go, no actual sign up is needed

Exodus Wallet Review - Our rating

Exodus is a neat and simple crypto wallet that anyone can appreciate. But as with any hot wallet, don’t keep millions in it – that’s what cold wallets are for. So if you want to use Exodus as a cold wallet, connect it to your Trezor hardware wallet.

While Exodus doesn’t directly keep any crypto transaction fees, the fees here can be a lot higher than on crypto exchanges. So we recommend you use Exodus mainly as a wallet, but not as an exchange.
Jay Gory
Jay Gory
I became interested in cryptos only in 2021 when the crypto prices started taking off. Since then I have been in investing in cryptos myself and decided to launch with Cryptolorium.com as well.
Exodus Wallet quick overview
Exodus review logo
Wallet name:
Exodus
Established:
2015
Fees:
Just transaction fees, but they might be highest than elsewhere.
Features:
Wallet, Exchange, Earn
Crypto selection:
There are more than 130 cryptocurrencies available.
Fiat deposits:
No
Min Deposit:
No minimum.
Min Withdrawal:
No minimum, but you do need to have enough to also cover the transaction costs.
Online Wallet:
No
Desktop Wallet:
Yes
Mobile Wallet:
Yes
Cold Wallet:
No


Exodus ratings
  Clarity of info
90/100
  Ease of use
90/100
  Crypto selection
80/100
  Payments
74/100
  Trust
80/100
  Fees
40/100
  Features
74/100
  App
74/100
  Navigation
84/100
  Support
86/100
  Overall rating
83/100


More in wallets
Exodus Wallet Review 2021 – simple and secure crypto wallet
Exodus Wallet is a simple crypto wallet that you can install on your computer. And if you wish, you can then also connect Exodus mobile app to your account.
What are the different types of crypto wallets?
Crypto wallets come in many forms. There are software wallets and there are hardware wallets and even paper wallets.