Use the Exodus wallet to store, buy, or sell 138 cryptocurrencies. With the help of an intuitive desktop application, customers of the Exodus Desktop Wallet can securely store, manage, and exchange their cryptocurrency. Every trade prompts this action within seconds, and users can exchange their crypto assets. The ability to swap a range makes it feasible to have an incredibly diverse portfolio. Using a QR code or address, users can send and receive cryptocurrency, and Exodus has an auto-check feature that scans transactions for mistakes and fraud.
For simple trading, exodus exchange also offers a mobile app with nearly all of the capabilities of its desktop version. The app gets protected via face or fingerprint scanning. The mobile app is as quick as the desktop software, depending on your Internet and mobile device’s processing speeds. The mobile app instantly syncs with the desktop software, and no additional registration is needed. You only need to create an account on Exodus’ website and download the desktop and mobile applications to get started using the service. This article will help you learn about, Is Exodus Wallet Safe and Things to Consider Before Choosing the Exodus Wallet.
Is Exodus Wallet Safe?
Online wallets will never compare to hardware or cold wallets in terms of security. The exodus exchange perform a better job of safeguarding your cryptocurrency than most other online wallets. In addition to its security feature, the Exodus wallet provides two ways to restore data:
- Passphrase Recovery
- Email Recovery
Use a 12-word secret passphrase as part of the usual passphrase recovery process to assist your crypto in the event of theft or hacking. The email restoration option is the second recovery strategy. In this scenario, you’ll receive an email containing the backup link necessary to recover your wallet. Additionally, the Exodus wallet lacks more sophisticated security measures, like,
- Two-factor authentication
- Multi-signature addresses
Things to think about before choosing the Exodus wallet:
Before deciding on a cryptocurrency wallet, you should consider and be aware of the following factors:
Exodus is a hot wallet, which means it is always online, but it is also non-custodial, meaning you are in charge of safeguarding your private keys or recovery phrases. For those searching for an easily accessible cryptocurrency wallet, an Exodus is a good option.
It is simple to use and offers high levels of security for your coins. However, those looking for a long-term storage option might prefer to think about a cold wallet. You will need to provide your address and other personal information.
The number of apps and dapps is constrained. There is only one way to gain access to an exchange (FTX), an NFT market (internal Solana market), and a platform for decentralized finance (DeFi).
Users find Exodus’ several appealing characteristics, which include the following:
- 225+ different types of cryptocurrencies are supported.
- A portable app that enables users to manage their resources while on the go.
- The option of setting a personalized gas fee maximum.
- The ability to purchase cryptocurrencies using the American dollar, euro, or British pound.
- 24-hour client service.