Exodus Wallet | Beginner Perspective of Exodus Crypto
Exodus is a very solid option for crypto newbies. It’s not quite as easy as the custodial options on exchanges like Coinbase and Gemini (where you essentially buy your coins and just let them sit on the exchange) but it’s definitely one of the simpler non-custodial options.
Using Exodus removes the need for registration, as done on an exchange, and provides an easy to use layout. The average person can expect to have a simple, headache-free experience with the built in exchange and storage of cryptocurrencies in the wallet. The top-notch security that Exodus offers its users is an added bonus.
With Exodus, the initial purchase of cryptocurrency must be done through another app or exchange. Those crypto assets can then be sent to Exodus. Although an extra task, it’s extremely important that beginners to cryptocurrency learn how to store their purchased crypto assets in a non-custodial wallet, like Exodus.
While security is always going to be the most important element of a cryptocurrency wallet it should be mentioned that Exodus’ killer app is its beautiful software. The software does an exemplary job of visualizing your crypto holdings and the thoughtful UI makes navigation a breeze. A good UI can actually save you from costly crypto mistakes so you shouldn’t underestimate the benefit of good software.
Exodus Wallet is also free to download, offers one-click exchanges, provides hardware wallet support. Private keys and transaction data are stored on the users’ device, and there is 24/7 human support available.
Its easy to use and aesthetically pleasing layout make one-click exchanges of cryptocurrency and tokens simple. Exodus doesn’t have any knowledge of users’ blockchain assets, and all keys and transaction data are stored on the users’ device, providing privacy and security. Perhaps the best overall feature of Exodus is that it supports Trezor One and Trezor Model T hardware wallets. Hardware wallets are the most secure way to store your cryptocurrency. Wallets such as Jaxx Liberty Wallet or Atomic Wallet do not support any type of hardware wallet.
Another huge advantage of Exodus is that it offer crypto rewards right in the wallet with no risk to the user. That means you can stake something like Cardano (ADA) and receive a percentage of yield back. Exodus takes a small percentage of the yield but it’s a great way to earn passive income on your crypto for essentially no risk.
Exodus wallet supports over 100 cryptocurrencies and tokens including all the heavyweights like Bitcoin, Ethereum and Litecoin but also some rising stars like Stellar, Dai, Lisk and more. Here’s a look at some Exodus Wallet supported coins: