How should you store digital money properly? What can you do to save on fees and have convenient access to your coins? How can you easily withdraw assets to a bank card? There are many ways, but one of the most convenient and straightforward is the Exodus wallet. Let’s explore its features, advantages, and usage methods.
What is the Exodus Wallet?
Exodus is one of the most popular non-custodial hot crypto wallets. Although it requires an internet connection to use, the keys are stored on the user’s device (computer or smartphone) and are only accessible to them.
One of the main advantages of this crypto wallet is its multi-platform availability. It’s accessible in various formats:
- Desktop Version. This is the full version of the app, allowing you to receive, store, send, and exchange cryptocurrency, as well as access decentralized apps (DApps). It’s compatible with Windows, Ubuntu, Fedora, and Debian.
- Mobile Version. The app for Android and iOS offers basic functions like currency transactions and exchanges.
- Browser Extension for Google Chrome and Brave. Provides access to DApps with easy navigation.
To enhance security, Exodus wallet can be synchronized with hardware solutions like Trezor.
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How to Use the Exodus Wallet
Starting to use the Exodus wallet is very easy – even a beginner who has never encountered such tools before can handle it. There’s no need for registration or providing any personal data, making the setup very quick. Additionally, both the mobile and desktop app interfaces are simple and intuitive.
To create a crypto wallet:
- Go to the official developer’s website and find the download button in the top right corner.
- Click it to go to the page for selecting the version for your platform.
- Choose the needed version and download it.
- Once installed, a welcome screen will appear where you can click “Create New Wallet.”
That’s all. After creating a new wallet, the main interface of the app will open. Here, you can view information about your account status, asset dynamics, and main tools. All icons are intuitive, making it very easy to understand.
It’s essential to set up backup and recovery immediately. This way, if access to the wallet or device is lost, it can be restored without problems. The key is to write down and store the 12-word seed phrase in a secure place.
Features of the Exodus Wallet
Exodus wallet offers a wide range of features. A very convenient function is the ability to trade cryptocurrencies within the app. There’s also the option to exchange currencies, and it happens very quickly. If desired, you can use external exchanges for buying and exchanging.
To purchase crypto, you can use:
- Bank transfer.
- Funding from a bank card.
Within the wallet, you can also engage in staking. However, to participate in investor programs, you will need to undergo verification. This helps protect users’ deposits.
How to Withdraw Funds from Exodus wallet?
Exodus wallet allows you to easily and quickly withdraw money to a bank card. You must add the card in advance. Then the process is straightforward:
- In the Exodus app, click on the dollar icon.
- Select “Sell Crypto.”
- Choose the coin you want to sell.
- Enter the amount and select the added card where the funds will be credited.
- If the card isn’t added, enter the full payment information.
That’s it. Within seconds, the money will be on the card. Similarly, buying currency is simple: just click “Buy Crypto” in the menu, select the amount and card, and confirm the payment. For exchanges, there’s a “Change” button in the “Exchange” section.
Is the Exodus Wallet Legal and Safe?
The legality of the Exodus wallet depends on the cryptocurrency regulations of the country where you plan to use it. If using digital money is not prohibited or is legalized, wallets for them are either legal or not banned.
The security issue is more complex. Exodus is a non-custodial wallet, meaning only the owner has access to their funds and data. The developer company strives to make their product as secure as possible, but the final security depends on the user. Therefore, ensure the safety of your devices and use strong passwords.
Exodus wallet doesn’t have two-factor authentication, but you can protect your data with a password and fingerprint in the mobile app. By following all internet security rules, your funds will be safe.
Exodus Wallet Review – Video
To visually see how to use the Exodus wallet, watch this video:
Conclusions
Exodus wallet is a convenient hot non-custodial multi-currency crypto wallet with a simple interface. It’s an ideal solution for beginners and those who dislike cluttered designs. It’s quite secure and enjoys deserved popularity worldwide.
Frequently Asked Questions About the Exodus Wallet
No, there have been no hacks in the history of this crypto wallet.
It’s completely free. You only need to download the appropriate solution from the official website and install it on your device.
Using the crypto wallet and storing money in it are free. You only need to pay transaction fees.
Open the app or program, select “Restore Wallet,” and enter your 12-word seed phrase.