Exodus Wallet – The Ultimate Crypto Tool

By user April 1, 2023 How To 0 Comments

Evolution has not just affected our lifestyles, but also the services we turn to in our lives. For instance, cryptocurrencies are still a very new concept, however, it would be wrong to say that it has no proof of evolution in it, after all, it journeyed through challenges and went from being a source of entertainment to a source of investments and income.

Exodus Wallet

Tech evolution brought in the biggest boon of human history- the Internet and its flexibility but, it also brought in the biggest bane, which is now known to be the worst enemy of the digital age- cybercrime. And with crypto, suddenly, gaining such financial or expendable worth, ruling out cyber threats would have been delusional.

Therefore, an idea of the new service got conceptualized, which now, is referred to as the cryptocurrency wallets. These wallet services have been directed towards achieving a simple task- keeping crypto funds safe for all the crypto fanatics out there. Of course, the wallets went on to offer more services but, fund safety of crypto has always been their utmost concern.

We know that crypto has been offering perks that most of us cannot deny, which is resulting in the user base increase for all the wallet variants available out there. And that has been followed by users signing up on wallet services to be certain about the safety protocols they should be employing.

As soon as we noted it, we thought, why not share what we know? Therefore, we came across a wallet service that we decided on making the start of this informative read- the Exodus Wallet. Here, in the following read, we’ll be talking about exclusive details on Exodus- what it’s like, what it offers and so on. In addition, you’d also find some sets of steps that can help you with using the wallet service.

Key Features of Exodus Wallet

Multi-currency support: Exodus Wallet supports “https://www.exodus.com/contact-support/” more than 100 cryptocurrencies, including Bitcoin, Ethereum, Litecoin, and many more.
Intuitive interface: The wallet features a user-friendly and visually appealing interface that makes it easy for beginners to navigate and understand.
Built-in exchange: Exodus Wallet offers a built-in exchange service that allows users to swap one cryptocurrency for another without leaving the wallet.
Portfolio tracking: The wallet provides a portfolio tracking feature that enables users to monitor the value of their holdings in real-time and track their performance over time.
Hardware wallet integration: Exodus Wallet can be integrated with hardware wallets such as Trezor or Ledger for an added layer of security.

Pros and Cons of Exodus Wallet

Pros

User-friendly interface: Exodus Wallet’s interface is simple and easy to use, making it an ideal option for beginners.
Multi-currency support: The wallet supports a wide range of cryptocurrencies, making it a versatile option for investors with diverse portfolios.
Built-in exchange: The built-in exchange feature makes it easy for users to swap one cryptocurrency for another without having to leave the wallet.
Portfolio tracking: The portfolio tracking feature provides users with real-time insights into the value of their holdings and allows them to track their performance over time.
Strong security measures: Exodus Wallet employs various security measures, such as password protection, two-factor authentication, and backup options, to ensure the safety of users’ funds.

Cons

Hot wallet: As a hot wallet, Exodus Wallet carries a higher risk of hacking or malware attacks compared to hardware wallets.
Limited customization: While Exodus Wallet’s interface is visually appealing, users have limited options to customize the look and feel of the wallet.
Limited customer support: The wallet’s customer support options are somewhat limited, with no phone support and slow response times to email inquiries.
No mobile app for Android: At present, Exodus Wallet is only available as a mobile app for iOS, with no Android version currently available.

Know the wallet- the service along with its major features

All we can do is tell you the things that we found mesmerizing and hope that you decide in favor of the wallet service. So, let us begin with the fact that Exodus had a benefit that none of the wallet services had- its makers have always been a part of the crypto community.

To wit, you can say that the history of crypto members and connections with huge brand names really helped Exodus in spreading the word, which further helped in providing a distinctive increase in the slope when it came to the wallet’s user base. Now, let us take you through the traits that make the Exodus Wallet so special:

There are 150 crypto variants (approx.) that users are granted to invest or trade in along with storing them.
At the time of registering for the service, no user has been obligated or mandated to fill up personal data to begin.
An additional benefit to yield can be listed as making crypto-to-crypto and peer-to-peer transactions via the wallet account.
Wallet amounts for making trade transactions in crypto do not have any lower or upper limit standards set.
The wallet has been designed to be compatible with a few operating systems and they are Linux, Mac, Android, iOS, and Windows.
Users have access and authority to use special built-in tools to trade and convert cryptocurrencies.
The desktop version of Exodus Wallet can be synced with the app to carefully and constantly monitor the market movements.

What do you think are the Exodus benefits to yield from?

Well, features are important but, as human beings in the digital era, we still prefer benefits over any other thing when it comes to products or services to purchase. Therefore, when we ask you to be an active member of the Exodus community, we know you’d want to know the benefits it offers, and therefore, go through the enlisted:

There are no certain technical skill criteria to be met
All-day long customer service to help users overcome issues
With more crypto token exposure, market exploration is great
Deposit crypto and monitor prices in real-time with safety

How to get Exodus Wallet on your desktop for crypto safety?

As mentioned above, the crypto variety compatible with the wallet service is huge and it can work as one of the most efficient solutions to store multiple crypto variants without having to give up control of your funds to any third party. Here, we’ll help you with downloading the wallet service on your desktop, and to your surprise, there is no particular procedure that you need to follow. That’s right! You only get on the official download webpage made live by the Exodus wallet platform and download as you like (on desktop or mobile).

Steps involved in receiving crypto into the wallet account

As mentioned in the subject head, you can now learn the steps you’d have to undergo to receive crypto funds in your Exodus Wallet account:

Get the Exodus App downloaded.
Keep following the onscreen prompts.
As soon as the app is installed, choose “Wallet”.
Choose from the available crypto and “Receive”.

Steps that can help you send out funds through Exodus

This part of the read has been equipped with the explicit steps that can help you with sending out exclusive crypto funds from your account on Exodus Wallet:

Get into the mobile app or launch the desktop service.
On the menu you see, look for the “Wallet” app.
Choose the crypto variant you want to send out.
Hit “Send” and scan the QR code that appeared.
Now head to submit the wallet address.
Type in the amount to be sent, confirm to tap “Send”.

Using the “Exchange” feature of the wallet service

Here, we only intend to help you use the “Exchange” feature so that you can use the Exodus wallet account to its full potential and convert one crypto token to another token variant:

Launch the already installed wallet application.
Head into the menu panel and select “Exchange”.
On the left section of the screen, change the default.
And change the default token on the right as well.
Confirm every change that you submitted.
And to wrap it up, go on to place your hit on “Exchange”.

Conclusion

So, now that we’ve come to the end of this read, we know that the details probably might have impressed you in favor of the Exodus Wallet. And yet, we cannot stop telling you how great your experience would be, whenever you decide on choosing it.

Reading through the descriptive data piece above, we think you’ve learned about the basic idea behind the conceptualization of crypto wallets, which is then followed by extensive details on Exodus along with its features or characteristics that have been built into its design.

You don’t just understand what the service is all about but, you also got to know how you can join the wallet platform, how you can send and receive funds via your account on the platform and more. And to conclude the read, this is a one-stop guide to Exodus.