Exodus wallet is among the best crypto digital wallets that can help users manage their digital assets efficiently and securely. So, why is Exodus wallet seen among the best crypto wallets? In this article, which we have created based on this question, we will examine this wallet.
Exodus Digital Wallet Review – 2023
Digital wallets are a must-have for every person in the cryptocurrency industry and are designed to help users manage their assets comfortably and securely. There are many software wallets available today, but it is necessary to be able to choose the best among these wallets. To help users in this regard, in this article, we will talk about what Exodus wallet is, how it works, its features, and all the pros and cons.
Warning
This review does not contain any investment advice for users. Cryptocurrency markets are very volatile. For this reason, users should do their own research and consult a financial advisor before making financial decisions.
What is Exodus Digital Wallet?
Exodus is a project started in 2015 by JP Richardson and Daniel Castagnoli with the mission of securely storing digital assets. Founded in 2015 as Exodus Movement INC., it is a multi-currency wallet that supports over 100 cryptocurrencies. When Exodus first launched, it was a desktop-only service. However, today the digital asset custodian is available for both Android and iOS platforms.
In addition, users can make swaps on this wallet without any registration, and Exodus uses Simplified Payment Verification as a light wallet.
How Exodus Works?
In order to understand how the Exodus digital wallet works, it is useful to mention three basic components. These three basic components are as follows:
- Wallet
- Portfolio
- Integrated with ShapeShift
For the Wallet side: Exodus works through a set of codes that help users manage and link their cryptocurrencies across different blockchains. With this coding method, instead of storing the crypto asset, it stores a set of 3 codes.
For the Portfolio side: Exodus has designed a portfolio page that displays relevant information, including a breakdown of the cryptocurrencies that users hold and their updated value in fiat currencies.
Integrated with ShapeShift: The integration between Exodus and ShapeShift makes Exodus even more useful. As one of the best crypto exchanges, ShapeShift is praised for its trading, security, user interface, and privacy features. Exodus users can trade on this crypto exchange directly from the Exodus wallet with extra speed and privacy.
Key Features of Exodus
Exodus Wallet is available for free download. It is both mobile and web compatible and does not require any registration or information for some transactions. Exodus offers a one-click, easy-to-use layout, private keys, hardware wallet support, a 24/7 customer support team, and easy transaction data storage.
The wallet has a nice design and a simple user interface. In terms of security, Exodus offers high security and privacy as users do not have any knowledge of blockchain assets (all transaction data and private keys are stored on the device). In addition, this digital wallet supports the Trezor Model T and Trezor One hardware wallet.
Cryptocurrencies Supported by Exodus
Exodus supports more than 100 cryptocurrencies, including Ethereum, Bitcoin, and Litecoin. Here are a few notable cryptocurrencies that users can use to store in Exodus wallets:
- BTC – Bitcoin
- ETH – Ethereum
- XLM – Star
- BTG – Bitcoin Gold
- USDT – Tether USD
- BCH – Bitcoin Cash
- LTC – Litecoin
- EOS – EOS
- XMR – Monero
- BSV – Bitcoin SV
- DASH – Dash Money
- BNB – Binance Coin
The list of supported cryptocurrencies is not exhaustive and includes more cryptocurrencies. Users who are curious about the entire list of supported cryptocurrencies can visit the following link: (https://www.exodus.com/status/)
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