Most Popular Wallets – Competition for the Exodus crypto UK
So what does it take to be among the best crypto wallets? All wallets will be designed to allow you to store the private keys for your cryptocurrencies. They should give you a user-friendly way to send cryptocurrencies to other people and businesses. Plus you should obviously be able to receive crypto payments too.
But security is a key part of how these crypto wallets function. After all, your wallet could be holding cryptocurrencies that are worth a lot of money. This means that your wallet should be able to withstand everything from hacking attempts to viruses and malware.
As a result, many brands have come up with a variety of weird and wonderful ways to keep your cryptos safe. There has been the evolution of hardwallets that keep your private keys separate from the internet. Check out our Trezor wallet review for a good example of this. But the Exodus crypto wallet works differently. Keep reading to find out how.
Pros & Cons of Using the Exodus Crypto Wallet
Here are the main reasons why you should consider downloading he Exodus cryptocurrency wallet:
- Simple wallet interface works great for crypto beginners
- Excellent app makes it easy to use on a smartphone or tablet
- Features well over 100 different kinds of cryptocurrency
- Excellent exchange features lets you trade Bitcoin and more
- Download without having to use an Exodus promo code
However, it’s not a perfect crypto wallet. Here are the key things that could cause you to check out other wallets for your cryptocurrencies:
- Security could be improved in comparison with hardwallets
- Some Exodus fees on some crypto trading and network transactions
Cryptocurrencies and Technology – 100+ cryptos on the Exodus crypto wallet
This Exodus wallet has the capacity to handle way more cryptocurrencies than you’re ever likely to use. Obviously, you’ll get to send and receive Bitcoin here. You can also store major cryptos like LiteCoin, Ethereum, Ripple, Monero, Tether, DogeCoin and so on. In fact, the overall number of cryptocurrencies supported by Exodus is in excess of 100, and you can do anything from send Tron to receiving Cardano payments here.
But it’s the fact that Exodus features an awesome exchange that could be your biggest reason for downloading this software. Basically, you’ll be able to trade well over 70 different cryptos. All without having to use any kind of Exodus promo code 2021.
Not finding coverage for your preferred cryptocurrency? Don’t worry as Exodus has regular updates of its software to ensure that your favoured crypto will be featured soon. However, check out our Ledger wallet review to see whether this brand has your cryptocurrency.
Usability & Store – Using the Exodus crypto UK
The Exodus wallet is seriously easy to use. No need to waste time in buying a hardware wallet and no need to use any kind of Exodus coupon code either. Just go to the Exodus website and download the wallet software directly to your computer.
There’s also an excellent Exodus app for iOS and Android devices that can be downloaded from the Apple App Store or Google Play. Did we mention the fact that the Exodus software can be downloaded for free? This is more than can be said for some hardwallets.
Once you’ve downloaded the software, there’s no need to even bother making an account. All of the crypto wallet activity will take place on your computer, and Exodus has included a decent how-to guide that shows you how you can back up your wallet, create a password and so on.
Funding your wallet is pretty simple as you can simply scan the QR code or set up the address. The same process can be used for making any crypto payments. Just remember that Exodus is a crypto-only affair, so you can’t receive FIAT deposits.
All basic functions of the wallet like making an Exodus withdrawal can be done in a simple and intuitive way. There’s no need to use a promo code for Exodus wallet use at any point, and this even includes the excellent crypto exchange. Just tap on the Exchange tab, pick which crypto you want to sell and which you want to buy. Exodus will reveal the exchange rate and then it’s your call whether you make the exchange.
Don’t forget that Exodus also features 24/7 customer support. This is great news as customer service can be hard to find on some web-based crypto wallets. The inclusion of customer support might raise some fees, but it’s a small price to pay knowing that you’ll be well taken care of.
Security & Support – The most important part of our Exodus wallet review
Some people are perfectly happy hosting their crypto funds on a web-based wallet. However, such a habit can be pretty risky. After all, your personal data will be stored on the wallet brand’s servers. This gives you very little idea about how safe your cryptocurrencies will be.
But the Exodus wallet works a little differently. This is because the private keys for your cryptos will be stored on your computer or mobile device. As a result, it’ll be much harder for any hackers to be able to access your cryptocurrencies.
The only way that a hacker is going to be able to reach your private keys is by knowing your password. You’ll get to set up the password when you first install the Exodus software. Make sure that it is a high-quality password that you don’t use on other websites, and don’t get it confused with any Exodus Wallet promo code that you may be using.
It’s worth noting that some crypto fans will want more security. After all, there’s nothing in the way of two-factor authentication with the Exodus crypto wallet. So this is probably the reason why Exodus has partnered up with Trezor to create its own hardwallet. This gives you the quality of the Exodus wallet software with an extra level of protection that only comes from having your private keys completely disconnected from the internet. It’ll cost extra, but it could be worth it.
Conclusion – Highlights from our Exodus wallet review
This Exodus wallet is perfect for anybody who is new to cryptocurrencies. It offers you an easy way to move your Bitcoin around, and there’s full coverage of all major cryptos. The software is stylish and simple to use. Plus the fact that you can get your Exodus software for free isn’t bad, although there might be are few fees included later on.
While there aren’t the highest levels of security, Exodus limits the way in which anybody could reach your cryptos without authorisation. The brand has made the wise move to include 24/7 customer support, and it’s clear that this is a high-quality crypto wallet.
But it’s the fact that Exodus have gone the extra mile to include an awesome crypto exchange that really impressed us. So download the Exodus app for a great way to get into cryptocurrencies.