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Exodus wallet review

Exodus is a hot crypto wallet that allows storing, exchanging and staking cryptocurrencies. It's got browser extensions, a desktop wallet and standalone apps for smartphones on iOS or Android.

Short History of Exodus wallet

This wallet for Ethereum, Bitcoin, Dogecoin, Tether and a slew of other cryptocurrencies was introduced in 2015. The creators, developers and crypto-traders John Richardson and Daniel Castagnoli aimed to develop a user-friendly multicurrency wallet with high-speed performance and adherence to advanced security standards.

Over the seven years of Exodus wallet existence, 200 updates have been released, approximately one every two weeks. This reflects the continuous improvement of the product, making it better with each passing day. Bitcoin and 150 altcoins are supported and the number of supported coins constantly increases.

Exodus has integration with the Trezor hardware wallet. It was introduced recently. This device is not mandatory. Furthermore, the Exodus software wallet includes:

1. A built-in exchange.
2. Live charts.
3. The ability to configure investment portfolios for passive earnings and round-the-clock technical support.

Exodus wallet Features

Exodus Web3 Wallet is a browser extension wallet that lets you plug into decentralized apps. Exodus supports over 150 coins. Some of the most well-known currencies on Exodus include Bitcoin (BTC), Dogecoin (DOGE), Litecoin (LTC), Ethereum (ETH), Tether (USDT) and Shiba Inu (SHIB). This wallet is constantly adding support for new coins. So, if you don't see the coins you want, - you should wait. The crypto wallet will likely support them soon.

Key features of the wallet:

1. The Exodus crypto wallet doesn't charge any fees for transactions and holding funds. At the same time, there is a commission for replenishing the balance and exchanging cryptocurrencies in the wallet;
2. Integrated feature - asset swapping. If you need, you can exchange one cryptocurrency for another at the current exchange rate. Just click "Exchange" next to the desired one;
3. Passive earnings. You do not need to install additional modules or register anywhere. The wallet's already synced up with the staking services. You just gotta hit that "APY" button next to the crypto you're into.

Wallet Benefits 

A wallet comes with a bunch of real nice perks, including:

1. Built-in wallet and trading features. With Exodus, it's a breeze to swap one crypto for another and keep tabs on your daily gains or losses;
2. Support for multiple cryptocurrencies. You can stash over 100 digital and niche coins in one spot, making crypto wallet handling a whole lot easier;
3. User-friendly and intuitive interface. Exodus stands out as one of the most user-friendly and straightforward wallets, suitable for both newbies and seasoned traders;
4. Automatically adjusted fees. This Exodus advantage is designed for beginners still figuring out the correct network transaction fee;
5. Integration with ShapeShift. Exodus partners up with ShapeShift, making exchanges anonymous and hassle-free.

Exodus wallet weak points

Among the downsides of the platform, you can pinpoint:

1. The wallet lacks essential security features like multi-signature support or two-factor authentication;
2. Absence of crypto-to-fiat transactions. The service doesn't support crypto-to-fiat transactions.

Conclusion

Wrappin' up the review on Exodus wallet, gotta say with confidence that Exodus is one of the top hot wallets, especially for the newbies. Its user-friendly setup makes it the first and solid choice for users compared to other wallets.