Exodus Wallet Review – Is This Crypto Wallet Worth Using?

About Exodus Wallet

Exodus Wallet is one of the leading desktop and mobile crypto wallets where you can send, receive, exchange, stake, and manage all your crypto assets. It is perhaps the most beautifully designed wallet you will find and goes way beyond simply storing assets with background customization, app integrations, and plenty more. Exodus Wallet is a decentralized, non-custodial wallet compatible with hardware wallets such as Trezor, so your private keys are always in your hands, and there is no KYC or AML verification to use any of the services within the application. Some app services are location restricted, but this is easily avoided with a VPN.

Exodus Portfolio

The portfolio section in Exodus Wallet is essentially the homepage of the wallet app, where you can visualize all your assets in a color-coordinated circle chart at the very top of the page. The total value of your portfolio is outlined in the center, and, if you click on that value, you can toggle between a BTC denomination and a denomination in your fiat currency of choice. You also have the option to create multiple portfolios if you have a specific way of organizing your assets or want to manage and track the performance of portfolios separately. Below that circle of all your assets, you’ll see basic stats like 24h change, highest balance, portfolio age, best 24h asset, and worst 24h asset.

Scrolling below those stats, you will see a list of all the supported assets you can filter to just your favorites or your specific holdings. Next to each asset is their price, 24h change, balance, and portfolio weighting. Despite not offering performance statistics to quite the extent as platforms like Shrimpy or Quadency, the design is arguably better and still very impressive.

Wallet

The wallet tab will be right next to the portfolio tab at the top of the Exodus app, but you can also reach it by clicking on assets from the portfolio section. This is another place where you can view all your holdings, but it’s where you’ll need to go to actually send and receive assets. It’s also where you can view your private keys, previous transaction history, asset-specific videos/blog posts, and line charts with 1D to 1Y timeframes.

You can even stake certain assets directly from the wallet section. Like every element of the Exodus app, it’s beautifully designed and intuitive to ensure a much simpler transaction experience than most exchanges or crypto wallets.

Exodus Wallet Exchange

One of the coolest features of the Exodus Wallet is it has an exchange built into it that supports over 150 assets. There aren’t any trading fees, but the spread costs can be a bit much (as high as 6%), which is hardly comparable to DeFi exchanges like Uniswap (0.3%) or even high-fee centralized exchanges like Coinbase (0.5%). The Exodus exchange also doesn’t have any advanced order options, though most DeFi exchanges don’t, but it’s incredibly convenient and easy to use. The exchange order panel is minimalistic and set up like most DeFi exchanges, perhaps mirroring the aesthetic of SushiSwap’s the most. Given the high spread costs (fees) that make trading on Exodus far less appealing than other DeFi platforms like Uniswap or SushiSwap, an amazing feature recently integrated into Exodus is the ability to link your FTX account. Once you’ve created and linked your account through the app integration section, you’ll be able to trade through FTX directly from Exodus via the same order panel layout. What’s more, you can easily toggle back and forth between your Exodus Wallet and FTX portfolio and take advantage of FTX’s low trading fees. Exodus is always adding updates, so it’s possible additional exchanges will be added in the future, but this alone could make getting an FTX account worth it.

Exodus Wallet Rewards

As previously mentioned, you can stake certain assets directly from the Exodus Wallet to earn an additional yield. There are seven supported assets: SOL, ALGO, ATOM, ADA, XTZ, ONT, and VET with APYs ranging from 1-20%, and you can un-stake at any time. The whole process is incredibly simple, and they even have a profit calculator built in to see what kind of return you can expect to earn based on your asset and staking duration. It would be nice to see additional stake-able assets added, but it has to be one of the smoothest staking experiences out there, and it’s all done directly from your wallet, which is hard to beat.

Apps

As alluded to, Exodus Wallet allows you to integrate applications that offer users additional services without ever actually leaving Exodus. In addition to the FTX exchange integration, you can add a Solana-based NFT gallery to view and deposit NFTs, install a Compound Finance integration to earn interest on assets, and even add a sports betting application. The app integrations really set Exodus apart from competitors and are largely the reason why it is so much more than a wallet. In a lot of ways, they’ve turned Exodus into an early-stage crypto app store that also acts as your wallet and portfolio. To see all the apps they have available, click the settings icon in the top right of the Exodus app and then go to the ‘Apps’ tab. The current list of supported apps is a bit small, but Exodus Wallet is always looking to add more integrations, so keep a close eye on updates to see what comes next.

Exodus Wallet Mobile App

The Exodus Wallet mobile app is virtually identical to the desktop version and affords you all the same features and capabilities aside from some of the app integrations.

It includes Face ID for quick access, has easy-to-use QR code scanning for payments, and includes a lightning wallet integration for quicker and cheaper BTC payments.

Exodus Customer Support

Exodus has one of the most comprehensive and well-designed support centers I’ve ever seen, and everything is written in a way to appeal to beginners and veterans alike by avoiding any unnecessary jargon. In addition to general categories that help you find specific information, each of those categories has its own list of FAQs to help you hone in on exactly what you’re looking for.

Once you click on one of those FAQs, you’ll be taken to a page with an outline of everything that will be discussed in the article. Each section of that outline, when clicked, will take you directly to that section in the article, which is extremely convenient. These smaller touches aside, the content of each article is beautifully organized and full of pictures, videos, and links to ensure there are no questions left unanswered.

And if, for some reason, you really can’t find what you’re looking for or simply prefer to speak with a representative, there is a help pop-up window to do just that. 

Conclusion: Exodus Wallet Review 

When it comes to crypto wallets, there really isn’t anything better looking or more beginner-friendly than Exodus Wallet. Its design alone makes it a top contender, but its all-in-one approach to wallet, portfolio, exchange, and app integrations is what has it stealing the show. An important thing to note, too, is they haven’t spread themselves too thin by venturing into all these different areas, and everything from the wallet to the apps has been executed extraordinarily well and sacrifice neither features nor usability. The biggest drawback to Exodus Wallet is easily their exchange spreads, which make trades very unappealing, but the FTX integration solves that concern, so it’s hard to point that out as any significant critique of the application.

It would be nice to see them add more stake-able assets and app integrations, but they already have more stake-able assets than most exchanges, including Coinbase and eToro, and you’d be hard-pressed to find any platform offering crypto apps or service integrations. If you’re purely a trader, there might not be much of a reason to use Exodus Wallet because they lack charts and advanced oder options, but if you have a portfolio of crypto assets or find value in any of their app integrations, it’s an absolute must consider and undoubtedly one of the top two or three crypto wallets available.