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What is Exodus software Wallet and Exchange?

About Exodus.io

New to wallets? Please read this article first.

Exodus wraps solid engineering inside beautiful design. We poured our hearts into every detail, from pixel-perfect icons to subtle sounds, making a blockchain asset experience that “just works for normal people”.

Exodus home

 

Exodus: Our goal is to remove the geek requirement to use cryptocurrency and make design a priority – we think it shows.

 

FRIENDLY, ONE-CLICK EXCHANGE

Exodus is designed for people who have never used an exchange. Ready to exchange Bitcoin for Ethereum? Exodus hides the complex details; in seconds, assets are exchanged behind the scenes.

LOVE YOUR BLOCKCHAIN ASSETS

Exodus makes it fun and easy to learn and use blockchain assets. No technical talk. No messy wallets. No confusing steps.


 

The Problem With Blockchain Assets

Blockchain assets (also called digital currency or cryptocurrency) are a young, fragmented new frontier. New people buy bitcoin and miss out on exciting, new opportunities. Diversifying means learning about keys, seeds, wallets, blockchains, mining fees, cold storage, and more.

Not only do you give up control of your identity, privacy and money; everything quickly turns overwhelming with too much to learn.

Exodus was created to shift power back to you to control your assets – with no banks, no brokers or institutional oversight. 

Exodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds. You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own, and for all your decisions as to whether to exchange blockchain assets with Exodus. In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. Similarly, blockchain assets you exchange on the basis of your research may increase in value after your exchange.

Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks. DH

Exodus is available for Mac, Windows & Linux


Exodus Wallet Review

Pro:

  • Wide range of currency options
  • User friendly design
  • 2FA Security
  • 24/7 Support
  • Shares state & developments of it’s software
  • available for Mac, Windows & Linux

Contra:

  • Focusses on non tech users and ease to use security features
  • Uses third party software for its exchange
For better security use hard wallets like:    Trezor, KeepKey, Ledger (check our article)

 

Exo

 

 


Exodus:  three benefits & three products

Three benefits

  1. All assets remain in your control. When exchanging assets on a traditional exchange your assets are exposed to a counterparty risk. In Exodus your assets are sent directly from your wallet and delivered directly back to your wallet – this structure gives users greater control.
  2. Privacy. Exodus values user privacy and has no accounts and does not associate any personal data to your financial transactions.
  3. Speed and Convenience – Exchanging assets on a traditional exchange requires users to send the assets to the exchange and wait for confirmations. Users then must post orders on the exchange and have those orders filled. Finally if a user wants assets back the user initiates a withdrawal from the exchange. These three steps are a manual process. Exodus automatically handles all of this work behind the scenes.

Three Products

1

Software Wallet

For better security use hard wallets like:    Trezor, KeepKey, Ledger (check our article)

exodus wallet

1

Portfolio

exodus portfolio

Other portfolio tools:    CryptoCompare
1

Integrated Exchange

Check our articles on exchanges & how to use:    KuCoin, Binance, Bittrex.

Exodus Exchange

 


Exodus Wallet Roadmap & Supporting Currencies

Exodus is always on the lookout to support more assets. In order for an asset to be considered, the following criteria must be met:

  1. Asset availability on ShapeShift.
  2. Asset has developer resources and documentation.
  3. Asset has specialized API servers with load balancing setup for private use by Exodus. This is much easier if the API is based upon Bitpay Insight.
  4. Marketcap and 24-hr volumes are considered. Top-50 or perceived potential to enter the top-50.

SUPPORTED ASSETS

ASSET
DATE SUPPORTED
Bitcoin (BTC) Dec. 9, 2015
Litecoin (LTC) Dec. 9, 2015
Ethereum (ETH) Feb. 12, 2016
Dash (DASH) Apr. 8, 2016
Golem (GNT) Apr. 14, 2017
Augur (REP) Apr. 27, 2017
Decred (DCR) Jun. 22, 2017
EOS (EOS) Jul. 6, 2017
Aragon (ANT) Jul. 6, 2017
Gnosis (GNO) Jul. 20, 2017
OmiseGo (OMG) Aug. 17, 2017
Qtum (QTUM) (ERC20) Aug. 31, 2017
Basic Attention Token (BAT) Aug. 31, 2017
Civic (CVC) Sep. 15, 2017
SALT(SALT) Sep. 25, 2017
Bitcoin Cash (BCH) Oct. 12, 2017
Ethereum Classic (ETC) Oct. 12, 2017
FunFair (FUN) Oct. 26, 2017
District0x (DNT) Oct. 26, 2017

 

FUTURE DEVELOPMENT

Assets listed in alphabetical order.

Legend:

  • In Beta – It’s actively being tested and will be moved to Exodus when it’s ready for general release.
  • Under Evaluation – We are actively looking at the requirements to integrate this into our Beta platform
  • Planned – It’s on our radar but we have not actively started development on it yet.
ASSET OR FEATURE STATUS
0x (ZRX) In Beta
Bancor (BNT) In Beta
DigixDAO (DGD) In Beta
Factom (FCT) In Beta
FirstBlood (1ST) In Beta
ICONOMI (ICN) Planned
IOTA (MIOTA) Not Planned
Maidsafe (MAID) Planned
Metal (MTL) In Beta
Monero (XMR) Planned
NEM (XEM) Under Evaluation
NEO (NEO) Planned
Omni (OMNI) Planned
Qtum Mainnet (QTUM) Planned
Ripple (XRP) In Beta
Siacoin (SC) Under Evaluation
SingularDTV (SNGLS) Under Evaluation
Status (SNT) In Beta
Storj (STORJ) In Beta
TenX (PAY) Under Evaluation
Tether (USDT) Planned
Wings (WINGS) In Beta
ZCash (ZEC) In Beta
2-Factor Authentication Support Planned
Hardware Wallet Support Planned
Bitcoin SegWit Transactions Planned

 

 

Exodus Fees & Costs

Check our articles on exchanges & their fees:   KuCoin, Binance, Bittrex.

Exodus tracks changes in the Bitcoin network and adjusts the fees accordingly using the dynamic pricing model from:  https://bitcoinfees.earn.com/. These network fees are 100% paid to the bitcoin network to ensure Exodus transactions are fast and delivered promptly. Exodus does not keep any portion of this fee.

Ethereum has a different fee calculation, based on the type of transaction being sent: You will pay a larger fee if sending to a ‘smart contract’ address, or if sending an ERC20 (Ethereum based) token. More info on Ethereum and ERC20 token transaction fees can be found here:  http://support.exodus.io/article/67-how-do-i-send-or-exchange-an-ethereum-powered-asset

Exodus generates revenue from a small portion of the spread on asset exchanges. Although spreads can vary greatly based on market conditions, typical spreads range between 1% – 3% or less. The exact amount and rate you’re getting will be listed on the exchange section of the wallet. Exodus uses ShapeShift software for exchanging cryptocurrencies. The percentage that Shapeshift takes from these transaction are integrated.

In highly liquid markets spreads are tighter creating a lower cost. You can learn more about spreads here:

https://en.wikipedia.org/wiki/Spread_trade

Liquidity is created by the number of buyers and sellers in the market. Higher spreads are a result of low numbers of buyers and sellers. Today, market pairs Bitcoin / Ethereum are more liquid and have a lower spread than less popular market pairs.

Exodus is proud to have 100% transparency on all exchanges. Exodus is also one of the few exchanges that lists approximate asset values in local currency alongside the market pairs to give users an easy way to assess costs vs. manually calculating the final costs.

Exodus uses these funds to manage and maintain the Exodus wallet as well as add new features.

Although there is a network fee to send digital assets Exodus does not mark up this network fee and 100% is paid to the digital asset network. Exodus does not make any revenue off of network transaction fees.

If you are interested on how network fees are calculated in Exodus you can read more information as well as find out how network fees are calculated here:

http://support.exodus.io/knowledge_base/topics/how-does-exodus-calculate-fees

If being able to manually set a low fee is important to you, Exodus is not a good software choice and we encourage you to use other bitcoin wallets. The good news is there are a lot of highly technical BTC wallets much better than Exodus in this regard. Electrum is awesome for highly technical details like this. With the current market reach of Exodus, and the nature of our community’s user-base, this will not be a focus for our wallet anytime soon.


Check our articles on exchanges & their fees:    KuCoin, Binance, Bittrex.


Exodus Installation


Portfolio Start Screen

Exodus desktop portfolio


Wallet Start Screen

Exodus desktop wallet


Exchange Start Screen

Exodus desktop exchange


Settings Screen

Exodus desktop settings


Help Screen

Exodus desktop help


Exodus Security

It’s your crypto, best protect it.

 


FAQ & Support

Support can be reached via mail


Check their FAQ 

Exodus can be reached & followed via:

exodus contact

 


Exodus vs Other Wallets

Read this article on wallets:   https://one2crypto.com/wallets/

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In order to provide correct information on this cryptocurrency wallet most of the content comes directly from the particular supplier. Source:  exodus.io 

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