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Exodus Wallet Test Is Exodus Wallet Recommended? VideoHow To Use Exodus Wallet Step by Step
If you are hardcore crypto-fanatic, you probably hold some of these coins as well. Here are the wallet solutions for them:. CaptainAltcoin's writers and guest post authors may or may not have a vested interest in any of the mentioned projects and businesses.
None of the content on CaptainAltcoin is investment advice nor is it a replacement for advice from a certified financial planner.
The views expressed in this article are those of the author and do not necessarily reflect the official policy or position of CaptainAltcoin.
Torsten Hartmann has been an editor in the CaptainAltcoin team since August He holds a degree in politics and economics. He gained professional experience as a PR for a local political party before moving to journalism.
Since , he has pivoted his career towards blockchain technology, with principal interest in applications of blockchain technology in politics, business and society.
The wallet itself is really excellent in nearly every way. You will notice that whenever you do a transaction like sending to another wallet or exchanging one coin type for another, the last stage of the transfer is delayed for a pointed question.
These sneaky, underhanded thieving bastards want to have YOUR cake and eat it too. Great pluses from trades go to expertoption trading! Not on many platforms now everything is so reliable and profitable.
For work, I now prefer this particular wallet. In my opinion, in terms of work, this is now a great option. I have been experimenting on online trading for two years now.
We have seen a strong need for better media coverage in the industry as the rise and popularity of digital currency is at an all-time high.
Journal Wallets. Torsten Hartmann January 25, Excellent reputation with beginner friendly interface. Supported coins.
User friendly. If you extract them, manage to keep them safe. Here are some additional tips to help you better know the security aspect.
Frequently update your wallet and stick to the most recent version available. Unfortunately, updating means basically preinstalling or removing the older version and starting from scratch.
For many of you, the possibility to execute safe and private online actions is a major concern. The team behind Exodus helps in that direction by adopting several privacy characteristics.
Developers are implementing and constantly updating Exodus to end up offering a safe product. To ease your mind, I want to show you how this wallet protects every action:.
It encrypts all your internet traffic and distinguishes it through several servers. This way the address from where you broadcast a transaction will be more or less hard to trace.
All this makes it hard to surveil your address in the public ledger. When making a transaction in the blockchain, it must be validated confirmed by the miners in the network and they choose which transaction to validate first, based on the transaction fee set.
The higher the transaction fee is, the higher the chance of getting validated as fast as possible. The software uses a dynamic pricing model, which chooses the transaction fees according to the network load statistics.
What is more, when you want to exchange assets there is additional fee, which is a bit higher with the Exodus in-built ShapeShift feature.
The amazing design organically leads the user at every click. The more than forty assets and the built-in exchange function are just a small overview of what Exodus wallet is about.
This is one of the top performants on the market for Never the less, there are some weak aspects. There are no privacy or security features, such as multi-signature or additional layer for protection — two-factor authentication 2FA.
It is the most preferred wallet for and offers similar and additional features such as a mobile version. Keep reading to get everything you need!
Here we come to the interesting part. All I want to ask you to keep in mind is to choose the right package from the download official page, depending on your operating system.
Let me take care for everything else — read the configuration and follow each step. Hint: It needs a. NET framework 4. Right after it, all coins are in a line with their name, percentage from the diagram and value in a fiat currency.
At the bottom of the sidebar, there are a and buttons, which are extremely helpful for beginners. One specific function is the tracking option.
Public keys and transactions made with the wallet are fully visible on the blockchain and there are no features for hiding your transactional trail.
While they do suppor privacy coins such as Zcash ZEC , they are unable to perform the fully shielded transactions.
If transaction privacy is a chief concern of yours then you may want to consider using the core wallets of ZCash or other well known privacy coins such as Monero XMR.
When first released the Exodus supported just a handful of cryptocurrency assets, but in it has support for nearly cryptocurrencies and more are being added all the time.
Multi-currency support is one of the strong features of Exodus. Instead you need to view the balances using an Ethereum blockchain explorer.
You can see a full list of the coins that they support on their website. While it is great that they have all this support for the ERC20 assets, they are still lacking support for a few coins that are in the top 50 in market cap.
Finally, if you want to keep up to date with the latest coin support and whether all of the functionality of these coins is operational then you can head on over to their status page.
If you are considering sending a large amount of coins to the wallet then you may want to check this before hand.
Something that is likely to greatly enhance the security of Exodus is their partnership with Trezor. This will see Exodus users getting hardware wallet level safety.
Essentially, what this means is that Trezor users no longer have to use default applications to manage their cryptocurrencies.
They can use the sleek and advanced Exodus interface as well as the numerous other features that come with Exodus. For example, the Exodus UX makes it a lot easier to manage over 90 of your Trezor supported coins right there on one wallet panel.
You can also use the in-built coin exchange option which is a first for any hardware wallet. One more benefit that you have with the Exodus integration over a standard Trezor is that you can manage multiple Trezor devices simultaneously.
No need to swap them out if you want to check on another wallet balance. Of course, the main benefit of this is the fact that current Exodus users now have the option of keeping their private keys offline.
Exodus is not the only multi-currency wallet available to the users. There are other popular wallets like eToro and Jaxx that pose significant challenges to Exodus.
Moreover, eToro provides unmatched support, social trading platform as well as multiple language support which is of great help to non-English speakers.
Thus, the eToro wallet is a much better wallet than Exodus. It is a popular desktop-based digital currency wallet available for mobile platforms as well.
Unlike Exodus, Jaxx can also be used as an online wallet. It supports over 66 digital currencies and can show crypto balances in fiat currency to the users.
While it is quite similar to Exodus in principle, Jaxx allows users to choose a transaction speed. It has three speed options- slow, medium and fast.
Therefore, users get to decide whether they want to send their transaction quickly or cheaply. Both Exodus and Jaxx allow in-app crypto-to-crypto exchange using ShapeShift.
Though Exodus provides a larger selection of coins, Jaxx offers more advanced features. The definitive wallet for high-end security , Ledger Nano S is the leader of cryptocurrency wallets on the market today.
It is a hardware wallet that allows users to store their cryptocurrencies offline. The USB shaped device can be connected to your computer to complete transactions or view balances.
It comes with state-of-the-art security features as well. Exodus, on the other hand, is a desktop-based online wallet. It cannot be considered the most secure storage option on the market because of the lack of crucial security features like two-factor authentication.
However, it is great to keep smaller sums of multiple coins at a single place while retaining all your private keys.
Exodus wallet is a great product designed to help onboard people into the crypto revolution. It brings a clean and beautiful user interface.
One of its disadvantages is that it makes transactions more expensive than wallets that we consider to be more trustworthy, such as eToro. Exodus in fact, also has security flaws and lacks advanced features.
The absence of two-factor authentication and the complex process of operating the wallet on multiple machines simultaneously also create several hurdles for an average user.
It lets users add multiple ERC20 based tokens, but fails to list them all. Wallets like eToro steer clear of such issues and allow users to retain some control over the fee they intend to pay for a transaction.
Overall, Exodus wallet is a good product. It is not one of the best in the market in terms of security but provides a highly intuitive way to manage multiple crypto assets.