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Exodus Wallet Review

7.3

Secure Wallet

7.5/10

Easy To Setup

7.0/10

Support

7.5/10

Pros

  • Hierarchical Deterministic
  • Great Design

Cons

  • New Company
  • Open Source
  • 2 Factor Authentication
  • Multi-Signature

Exodus is a multi-cryptocurrency wallet that boasts an easy-to-use UI. You can keep your 0x, Aragon, Augur, Basic Attention Token (BAT), Bancor, Civic, District0x, EOS, Edgeless, FirstBlood, FunFair, Gnosis, Golem, iExec RLC, Matchpool, Metal, Numeraire, OmiseGo, SALT, SingularDTV, Storj, Status, WeTrust and Wings all in one place and easily calculate and organize your savings with their pie chart portfolio. 

About Exodus Wallet

Exodus Wallet is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own, and for all your decisions as to whether to exchange blockchain assets with Exodus. In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value.

Similarly, blockchain assets you exchange on the basis of your research may increase in value after your exchange. Exodus gives you a relatively-safe cryptocurrency wallet for daily use. Since it is an online wallet, it will never be as secure as leaving digital currency in cold storage (such as a paper wallet). It also lacks some features which make it less secure than other, more complex software wallets.

Exodus Wallet Key Details

KeyDetails
Vendor NameExodus Wallet
Supported Currency86+ Coins
Wallet Features Hierarchical Deterministic
Platforms (Google Play)
Validation TypeFull Node
Ease of UseEasy
Anonymity High
Wallet HQ LocationMalaysia
Listed At Altwow21/09/2020
Official Wallet WebsiteClick Here To Visit Wallet Website

How To Install Exodus Wallet?

Exodus Wallet Step 1

First Download Exodus Wallet Wallet App From App Store For Example ( Google Play, Or Apple Store. You Get Official Download Wallet Link At Exodus Wallet Website.

Exodus Step 2

Once You Successfully Installed Wallet.Than Start Creating Wallet By Filling Necessary Data Which Required By Wallet Like – Name , Email, Password Etc.

Exodus Step 3

Download The Keystore File. This File Enable Or Allow You To Decrypt Your Wallet Just Alike Private Key Does, So If You Lose It Or Someone Gains Access To It, Your Coins Are Locked. Save This File On A USB Stick, Put It In A Ziploc Bag Or Waterproof Container, And Store It In A Safe Place .

Exodus Step 4

Many Wallet Offer Private Key Features. If Kriptomat Offer Private Ket Features Than Follow This Guide – Snap “I Get, Proceed” And You Will See Your Private Key. Spare This Key By Printing Your Paper Wallet. Store This In A Safe Place For Example In Almira Or Any Zip Locker.

Exodus Step 5

Once You Follow All Above Guidelines Than Your Wallet Successfully Setup. Now It Is Time To Store Coin.

Leadership

Exodus Wallet was founded in 2015 by JP Richardson and Daniel Castagnoli. JP brings the technical magic behind the scenes to Exodus. JP has published over 200 open source libraries and has written code in use by most Bitcoin and cryptocurrency software on the web today. On the creative side, from subtle sounds to smooth animations, Daniel oversees each detail of the Exodus creative process. Daniel is a master of emotional design and has designed experiences for Apple, BMW, Disney, Louis Vuitton and Nike.

Is Exodus Safe to Use?

No Exodus wallet review would be complete without looking at the security of the software. Exodus gives you a relatively-safe cryptocurrency wallet for daily use. Since it is an online wallet, it will never be as secure as leaving digital currency in cold storage (such as a paper wallet). It also lacks some features which make it less secure than other, more complex software wallets. Before we look at these, though, let’s talk about some of the safety features Exodus does have.

VS Paper or Hardware Wallets

The Exodus wallet is much less secure than either a paper or hardware wallet. Neither of these are always connected to the internet like most software wallets are. This reduces the chances of them being hacked. If your software wallet is on a computer that you use every day, the chances of you downloading malware or keyloggers are much higher.

Exodus Secure?

Exodus Wallet is as secure as any software wallet can get. The two main security features the wallet offers are Password protection for your wallet. Automatic wallet lock after a selected period of time. Exodus also states it’s important to verify you’re downloading the wallet only from a trusted source (i.e. their website). You can verify your Exodus download is authentic using this process. Additionally, Exodus does not require any registration and the company does not have any access to your private key or information. One thing to keep in mind is that Although Exodus is built on many open source components, there are components of Exodus that are not open source.

How To Secure Your Exodus Wallet?

There Are A Number Of Ways To Keep The “Bad Guys” Away From Exodus Wallet . And Although Cryptocurrency, As A Technology, Has Increased Anonymity And Encryption, The Devices On Which These Funds Are Stored (Phone, Pc, Tablet) Are Much More Susceptible To Hacking. Below Are A Number Of Simple Tips That Can Improve The Security Of Your “Crypto Wallet”.

Step 1 : Store Your Token Pocket Wallet Private Keys Offline: Print Them Out On Paper

The “Hunt” For Your Data Does Not Stop For A Minute, Regardless Of What Gadget You Use, Or What Network You Are Connected To. A Good Idea To Solve Some Of The Problems Associated With The Possibility Of Theft Of Personal Data Is Printed On Paper Keys For The Wallet — A Variant Of Replacing The Software “Assistant”. In This Case, You Will Only Need Paper And A Printer — No Additional Devices Or Gadgets. The Output Will Be A Kind Of Offline Wallet, Represented By A Pair Of Printed Keys. Some Enthusiasts Refer To This Approach As “Cold Wallets”, Because In The End, The Storage Process Takes Place Offline.Paper Wallets Are In Regular Demand, And You Can Test Their Functionality Yourself:

The Main Difference: The Creation Of Unique Addresses And Keys Through The Use Of Client-side Js Scripts. In Other Words, Keys Are Created Immediately On Your Pc, Without Requiring Data Transfer Over The Internet. And To Make This Process More Fun, The Developers Suggest That You Move The Mouse And Fill In Text Fields, Thus Obtaining Unique Data For Generating The Necessary Tools.

Step 2 : Setup Second Step Verification

Two-factor Authentication Requires The User To Enter An Additional Code From Another Source – Such As A Text Message Or Email. However, The Most Common Method Is Through The Google Authenticator App. Just Install It On Your Phone And It Will Generate A New 6-digit Access Code To Log In To Your Wallet Or Make Transfers.

We Recommend Using Only Those Web Wallets That Do Not Support Two-factor Verification. In Particular, The Exodus Wallet Offers To Activate 2fa Already At The Registration Stage.

Step 3 : Create A Strong Password For Your Exodus Wallet

If You Decide To Use A Web Wallet, Which Is Recommended Only For Small Transactions, Always Make Sure That Your Password Is Secure. Never Enter Your Date Of Birth Or Credit Card Pin As Your Password. Use Alphanumeric Combinations, Combine Cases, Use Underscores, And So On. But It’s Best To Use An Strong Online Password Maker Website.

Step 4 : Learn To Recognize Phishing Sites

Phishing Sites And Apps Mimic The Design Of Popular Crypto Wallets In The Smallest Detail — Only The Page Address Is Slightly Different. Before Entering Your Private Key Or Secret Phrase In Your Wallet, Make Sure That The Page Address Is Correct.

The Chrome Store Library Is Known For Its Abundance Of Phishing Extensions, Especially For Cold Wallets Like Ledger. Although Google Removes Dozens Of Such Fraudulent Products Every Month, New Ones Are Coming In Their Place. In March 2020, Fraudsters Stole More Than $ 250,000 In Ripple Coins From Their Wallets Using A Fake Extension, And In June 2020, Crypto Podcast Host Eric Savix Lost All Of His 12 Bitcoins By Entering A Secret Phrase In A Phishing Extension For Ledger.

Step 5 : Don’t Click On Links In Emails

Phishers Often Send Emails From An Address That Is Almost Identical To The Real Address Of The Wallet Support Service. For Example, If You Use A XYZ Wallet From xyz.cxom Then You May Receive An Email From A Fake Address Like [email protected] Instead Of The Present [email protected] These Emails Try To Scare The User Or Create The Illusion Of Urgency — For Example, You Will Be Informed That Your Account Has Been Hacked/Blocked And That You Need To Update Your Security, Change Your Password, And So On. The Link Leads To A Fraudulent Page That Will Either Steal Any Data You Enter Or Install A Virus On Your Device.

This Also Applies To Ads Above Google Search Results That Often Advertise Phishing Pages. Here Is An Example – Note The Difference In Just One Letter Between A Real Address And A Fraudulent One:

Step 6 : Install Or Use Trusted Antivirus

The First Thing You Should Do After Installing A Exodus Wallet Is Install A Reliable Antivirus And Update It. Most Cyber Attacks Attempt To Send Important Information From Your Computer, You Should Make Sure That Your Pc Or Mobile Is Protected From A Virus Threat. Regularly Update Your Antivirus To Minimize The Risks Associated With The Appearance Of New Virus Threats That The Old Version Did Not Protect Against.

Step 7 : Never Disclose Your Private Keys

Private Keys Are Intended Exclusively For You. You Should Not Disclose Them For Transactions Or Cryptocurrency Purchases

Final Thought

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