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Exodus Wallet Review

Exodus Wallet Review 2020

Written by LouiseElizabeth

7th June 2020

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Exodus is a multi-cryptocurrency wallet, which is incredibly easy to use with its slick and intuitive design. In this Exodus wallet review, I will go through all the features of the desktop & mobile wallet, also taking you through the Trezor hardware wallet integration. Exodus is a fantastic cryptocurrency wallet that has been created for the newbie in mind. I have actually downloaded Exodus wallet for my 80-year-old grandad so he can manage and store his crypto easily.

Exodus was founded in 2015 by JP Richardson and Daniel Castagnoli. Their desktop wallet currently supports over 110 types of cryptocurrencies and is continuously growing. Another key feature is its built-in ShapeShift, very similar to Changelly ShapeShift is an instant crypto exchange, supporting dozens of cryptocurrency tokens.

Exodus Desktop Wallet

Exodus desktop wallet allows users to easily download and manage their crypto assets on Windows, Mac, and Linux. The wallet supports over 100+ different cryptocurrencies, including Ethereum based ERC20 tokens.

Exodus Desktop Cryptocurrency Wallet

How to Send Funds on Exodus Desktop

If you want to send your funds outside of your wallet, to cryptocurrency exchange or another wallet, you can do so easily from within Exodus.

Firstly, you’ll need to select ‘Wallet‘ from the navigation pane on the left. Then select the cryptocurrency you would like to Send from the list on the left and choose “Send

Send Bitcoin from Exodus Desktop Wallet

Enter the recipient crypto address, or scan the QR code

Then enter the amount of Bitcoin you would like to send and click “Send” after checking your network fee and remaining balance.

How to Receive Funds on Exodus Desktop

When sending funds to your wallet, you’ll first need to know your public address for them to be sent to. This is your “Receive” address and is specific to the type of cryptocurrency you want to receive.

From the navigation pane, select “Wallet” and then select the cryptocurrency you would like to receive.

Click “Receive“. You can then copy the address, print it, email it or view it on Blockchain and pass it onto your recipient.

Receiving funds into your Exodus Desktop Wallet

How to Exchange Crypto on Exodus

Go to “Exchange” on the navigation pane on the left.

Choose the cryptocurrency that you would like to exchange, from the dropdown on the left.

Click on the cryptocurrency that you would like to receive, from the dropdown on the right.

Enter the amount you would like to exchange

Click on the “Exchange” button

Exchanging Cryptocurrency using Exodus

To download the latest version of Exodus, check out their website https://www.exodus.io/releases/

Exodus Mobile Wallet Review

Exodus released their mobile app on the 1st July 2019. The great news is that for those of you who have Exodus installed on your desktop is that you can now sync that with their new mobile app. The mobile app allows you to send, receive and exchange your crypto on the go.

Plus one of the great things about having this available on a mobile app is that you can use the security from your mobile phone such as a face or fingerprinting technology as an extra level of security. The mobile app is available from either Google Play or the App Store

Exodus Mobile App Sync with your Desktop Wallet

How to Sync Your Exodus Desktop Wallet with the Mobile App

You can sync your Exodus desktop wallet initially when you install the mobile app by providing your 12-word recovery phrase. However, if you have already skipped this, you can restore your desktop wallet within the app.

Click onto the profile icon in the bottom right of your screen

Choose “Settings“, “Restore Wallet

Enter your 12-word recovery phrase and the funds will sync across into your mobile app.

Exodus Mobile App Restoring your desktop wallet

Tip: Make sure you back up your current wallet first to avoid any loss of funds.

How To Send Funds on Exodus Mobile

From the “Wallet” tab

Select the cryptocurrency you wish to send.

Click onto the arrow on the left (pointed upwards), besides the cryptocurrency price.

Send Bitcoin from your Exodus Mobile App

Enter the Amount you wish to send.

Paste or scan the recipient’s QR code/receiving address

The Network fee and remaining balance will then show.

Click “Next

How to Receive Funds on Exodus Mobile

From the “Wallet” tab

Select the cryptocurrency you wish to receive.

When the receive screen appears you can click onto the arrow on the right (pointed downwards), besides the cryptocurrency price.

Click onto the address to copy the address and once copied you can click “Share” to send your code. Alternatively, you can share your QR code.

Receive Crypto into your Exodus Mobile Wallet

How to Exchange Crypto on Exodus Mobile

Click onto the middle icon at the bottom of your Exodus Mobile App

You can select the cryptocurrency you would like to exchange from, from the dropdown list.

Enter the amount you wish to exchange

Select the cryptocurrency you wish to exchange to

Click “Exchange

Exchange your crypto with Exodus Mobile

Exodus Private Keys

With access to your private keys, the Exodus wallet gives you complete control over your cryptocurrency assets. However, please remember to always keep your private keys, private. Do not share them with others, unless you want them to have access to your funds.

How to View Your Private Keys on Exodus

There are 2 ways you can view your private keys, previously you would need to navigate to the “Developer” menu at the top of the screen. Then select “Assets“, followed by the cryptocurrency you and finally “View Private Keys”

In later versions of Exodus, this is more easily accessible from within the wallet. Click onto the 3 vertical dots in the right-hand side of the screen and select “View Private Keys“.

view exodus private keys

Just be aware exposing your private keys is extremely harmful, as someone with access to these will have full access over your funds. When you are sure you are in a private location and that no one can see you screen, you can click onto “Yes I’m sure“.

Exodus Private Keys Warning

Exodus & Trezor Partnership

Exodus have partnered with Trezor hardware wallet so that you can secure and manage your assets. With Trezor being connected to your Exodus desktop wallet you can send, receive and exchange your assets directly from the security of your hardware wallet.

You can also track your Trezor portfolio performance with charts and market details. When you exchange the funds from your Trezor you don’t have to move your funds to a different wallet or exchange. Plus you won’t have to wait whilst your sending funds from (or to) an exchange, or pay any additional fees.

What is a Trezor Hardware Wallet?

Trezor is a hardware wallet which was launched back in August 2014 and was the first Bitcoin hardware wallet. With a Trezor your private keys are stored offline within the device and therefore one of the safest ways to store your assets.

There are 2 different types of hardware wallet offerings by Trezor which are the Trezor Model T and the Trezor One. The Trezor One is considered the Gold standard, whereas the newer Trezor Model T model is their Premium Choice with a full-color touchscreen.

Connecting Trezor and Exodus
Secure your crypto assets with a Trezor Hardware wallet

Connecting Your Trezor Hardware with Exodus Wallet

Connecting up your Trezor hardware wallet with Exodus is simple to do and involves a few steps as shown below;

Within Exodus, go to “Settings” on the left hand, navigator pane.

Then select “Hardware Wallets” from the tabs on the top of the screen.

Installing Trezor Bridge

If this is the first time you are connecting your Trezor wallet you will need to install the “Trezor Bridge“. This can only be installed on a chromium browser such as Google Chrome, Firefox or Brave Browser, unfortunately, this is not available on safari. You will need to select your associated operating system and install the latest version of the Trezor bridge. Once the bridge has been downloaded you will need to follow a simple installation wizard to complete the setup.

Downloading the Trezor Bridge

If you have not already set up and created your Trezor hardware wallet you will need to go to https://trezor.io/start/ to set this up, but from Hardware Wallets you will need to ensure that the “Detect my Trezor” is switched to “On“.

Trezor Updates

If your device requires a firmware update, you will be prompted within Exodus to “Update Now”, you will then need to confirm on your Trezor by clicking onto the green tick. The Trezor will then update and restart and you will be prompted on-screen when the update is complete.

Exodus will then ask if you would like to pair your Trezor, click “Connect“.

Your pairing will then initiate and Exodus will fetch and load your Trezor balances and transactions history. This can take a few minutes to complete.

Once the device has successfully paired you will receive a notification on-screen and you will be able to view any balances and remaining assets. Click “Continue to Portfolio”.

Trezor Pairing Successful

Sending & Receiving Crypto with Trezor Hardware Wallet

To send or receive funds to, or from your Trezor wallet, you simply follow the usual steps for sending and receiving your crypto in Exodus. However, when sending transactions you will be required to confirm on your Trezor device as an extra level of security.

Trezor Confirm Transaction

Exodus Wallet Apps

Exodus has released a new layout for the desktop wallet, to allow users to explore and discover ways to do more with their crypto inside the Exodus wallet. This new layout can be turned on within settings.

Compound Finance App

Exodus are growing their platform to become more than just another crypto wallet and instead aim to become a portal to access the new Decentralized internet.  For those of you using the Exodus wallet, you may be interested to hear that you can earn interest on DAI with the Compound Finance app from right inside your wallet.

Within Exodus, users are only able to lend (or deposit) DAI into Compound Finance but within a couple of clicks you can start earning interest on the DAI stable coin through Compound. Once you’ve have lent your assets to the Compound Finance protocol, you accrue interest every time an Ethereum block is mined. 

SportX App

SportX is a sports betting platform that can now be used within the Exodus Wallet Apps. Place bets on sport and esports with your Dai tokens. There is no account setup to access SportX but access is dependant on your location.

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2 Comments

  1. Calator Roman

    Exodus Desktop & Mobile Crypto Wallet (Also How to Connect
    with Trezor) –
    Thanks designed for sharing such a nice thought, post is good, thats why i have
    read it fully- calator.tel

    Reply
  2. D-Day

    Louise –

    Thanks so much for the videos and write-ups. We really appreciate it!

    One thing to note though – Exodus does not use ShapeShift for exchanges. We have several different exchange partners which we use to try to offer the most assets for exchange as well as leverage to try to obtain better rates for our customers.
    You’ll probably want to make this change to your videos and articles.

    Thanks again,
    D-Day

    Reply

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