Exodus Wallet Review: With free access and convenient design
Introduction: What Is EXODUS Wallet?
EXODUS is a multi-currency wallet, and we usually recommend beginners to use it as an entry wallet. In this article, we will review the different wallet features and why we think it is one of the best wallets.
EXODUS is an easy-to-use multi-currency software wallet that can be used on desktops and mobile devices. This wallet is known for its simple design and excellent online support. The main disadvantage of Exodus is the lack of custom network fees for Ethereum and other altcoins, and the fact that it is not completely open source.
Is EXODUS Safe To Use?
Yes, EXODUS is safe for you to use.
The security of EXODUS should be as secure as any software wallet can get. The two main security features provided by the wallet are:
- Password protection for your wallet.
- Automatic wallet lock after a selected period of time.
EXODUS additionally expresses it’s essential to confirm you’re downloading the wallet just from a trusted source (for example their site).
Can You Make Money With EXODUS
Staking inside of EXODUS is as simple as finding the crypto you want to stake and start earning rewards!
Each cryptocurrency works differently, so please read the following options carefully to understand which cryptocurrency you want to start earning rewards for on their website support.
EXODUS now has a convenient way to keep track of all your assets that are generating you passive income!
A supplement to some passive income is compound finance.
Compound Finance is a protocol built on the Ethereum blockchain that allows users to lend their Ethereum assets to the asset pool.
Once you lend your assets to the “Composite Finance” agreement, interest will be accrued every time you mine an Ethereum block. You can also choose to withdraw assets at any time, so you can freely choose whether you want to lend and withdraw income.
Although this is different from the aforementioned cryptocurrencies, it is definitely another simple way for EXODUS to allow you to earn passive income!
Which Cryptocurrencies Are Available On The Platform?
EXODUS supports more than 115 Crypto assets in total (coins and tokens).
The most notable coins supported by the wallet are:
- Bitcoin Cash
- Binance Coin
- Ethereum Classic
Ratings For EXODUS wallet
We give the EXODUS wallet 4 out of 5 stars.