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Exodus Wallet Review: What is Exodus?
The Exodus wallet is a relatively new software wallet. It was created by JP Richardson and Daniel Castagnoli. Richardson has written the code for many cryptocurrency products previously and Castagnoli has worked as a designer for huge companies like Apple, BMW, and Nike.
Exodus has been designed to be a user-friendly, multi-cryptocurrency wallet. You can use many different crypto assets with it. I have listed the coins you can use with it below (there are a lot!):
0X (ZRX), Aragon (ANT), Augur (REP), Bancor (BNT), BAT (BAT), Bitcoin (BTC), Bitcoin Cash (BCH), Bitcoin Gold (BTG), Civic (CVC), Dash (DASH), Decred (DCR), District0x (DNT), Edgeless (EDG), EOS (EOS), ETH Classic (ETC), Ethereum (ETH), FirstBlood (1ST), FunFair (FUN), Gnosis (GNO), Golem (GNT), iExec RLC (RLC), Litecoin (LTC), Matchpool (GUP), Numeraire (NMR), OmiseGo (OMG), SALT (SALT), Status (SNT), WeTrust (TRST), Wings (WINGS)
You can also store any currently unsupported and custom ERC20 tokens using the Exodus software wallet. Which I’ll show you how later.
Created?
There are a lot of software wallets already available. Examples of competitors are Jaxx, Green Address, and Bread Wallet. So, why did the Exodus team want to make another one?
The designers of Exodus wanted to make a user-friendly wallet that could do everything a basic cryptocurrency user would want it to. This, they hoped, would make the crypto experience easier for people that aren’t used to using the technology. And if these beginners have a pleasant experience using crypto, then they’re more likely to recommend it to their friends. This is how widespread adoption happens!
For this reason, the Exodus team included an easy to read portfolio section to help organize assets and check their value against different fiat currencies. They also include a built-in trading function. This lets users swap one currency for another. It’s also how the Exodus team make money since the software itself is free to use.
Note: Fiat currencies refer to central bank issued currencies. Examples of these include the US Dollar, the Euro, and the Korean Won.
Exodus Wallet Review: What Makes Exodus Wallet Different?
Design
The Exodus Wallet team have worked hard to create a piece of software that is as easy to use as possible. The user interface (the bit that you can see!) is clean and has features that basic users are likely to want to use. This includes each asset’s send and receive functions, a complete portfolio view, the trading feature, and back up/recovery options.
The design was clearly very important to the creators of the Exodus Bitcoin wallet. In the options menu, you can change the look of the software. There are multiple themes to choose from. None of them are too crazy though and they all give the software a professional look. You can also change the color of the backgrounds on the wallet. This option is quite funny because you can only pick different shades of dark blue, dark purple, and black.
Support
One thing that’s lacking from most wallets and cryptocurrency services is good customer support. Since most wallets are open source and free, they can’t offer support because they would need to pay people to answer customer’s questions. Exodus is different though. They make money by charging fees on trades made with the built-in exchange. This means they can offer proper email support.
I haven’t personally used the customer support on Exodus. However, the internet is full of people’s stories of using it. They are mostly very positive, and it sounds like Exodus are doing a great job of keeping their customers happy.
As well as the customer support, Exodus customers can look at over 100 articles on the website. These fully explain the features of the wallet. They also have information about fees and advice for users with problems. Lots of the articles have videos too. These show you how to use the features on the wallet.
Trading
The Exodus wallet has a built-in trading feature. This is provided by the exchange platform Shapeshift. It makes swapping one currency for another very quick and easy. It might not offer as low prices as you will find on exchanges like CoinBase and Bittrex, but it is great for non-professional traders wanting to buy different cryptos
