Testing out the Exodus Wallet

After the debacle of my Ethereum node wallet, I decided that I needed to try out some new wallets:

  1. To spread out my coins across different locations, so that if one failed for whatever reason (node not syncing, getting hacked, forgetting password and seeds), then at least it wouldn’t be as bad as if I’d had all my coins in that basket.
  2. To see which wallets have a better user experience (speed of syncing, ease of receiving and sending, user interface etc)

I’d heard from a video by CoinFOMO on YouTube that the Exodus wallet from exodus.io was worth checking out.

Its main USP is its good-looking design and its ability to hold different coins in the same interface.

Up until now, I’ve had Electrum wallet for my Bitcoin, Ethereum node wallet for my Ethereum (ETH) and MyMonero wallet for my Monero.

I’ve bought a Trezor hardware but I’m yet to unbox it and set it up.

Today, I downloaded the Exodus wallet and it was very easy to set up.

Exodus wallet

The interface is very intuitive. The screenshot below is after I sent a test amount of 0.001 BTC to the Exodus wallet from my Electrum wallet. It took about 20 minutes for the BTC to show. The view below is of the wallets available: Bitcoin, Electrum and Litecoin. You could see more coins like Dash and Augur and Golem, but I’ve chosen to hide them from view.

Exodus wallet

In the next screenshot below, I’ve switched to the Portfolio view, which is like a pie chart (although in this case, it’s all in BTC and so all in one colour.)

Exodus wallet

As soon as you’ve added some assets into the Exodus wallet, you’ll be prompted to back up your wallet. This means adding a password to open the wallet next time, and also for you to write down your 12 word seed recovery.

The screen below is after I’ve sent more Bitcoin (0.05 BTC) and also some test Ether (0.1 ETH). You can see that it’s more like a pie chart now.

Exodus wallet

All in all, it’s really easy and the rich, graphical interface is a joy to look at, particularly after using very functional wallets so far.

The next very valuable and interesting feature of Exodus, which I’m yet to try is the inbuilt integration with Shapeshift.io. This allows you to exchange coins for other coins (as long as the Exodus wallet supports those coins).

All in all, I’m very impressed with the Exodus wallet. It looks great and it’s really easy to use.

I haven’t read anything negative about the safety element of it, but for now, no news is good news. And for added peace of mind, I won’t be putting in large amounts of cryptocurrency. Yet.

I’m definitely going to be spreading my coins around and I recommend that you do too.

Let me know your experiences of Exodus in the comments below!

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