Review on Exodus by Joseph Bello
The wallet with an in-built exchange that prepares newbies ahead for the blockchain trading
Exodus came into limelight as a close source hot storage wallet for Bitcoins and other crypto currencies(altcoin). As a beginners in crypto transactions and trade the wallet was recommended to me by a friend on the basis of its simplicity and amazing user interface for mos all beginners.
The wallet's in-built exchange was a huge bonus to me allowing me to convert my altcoin and tokens to any currency,in just one platform. I got to know how the wallet and its inbuilt exchange work with the help I got from the customer support deck together with the menu on wallet the showing the functions of all the features on the wallet. This wallets customizable and clean designs were awesome magnificent and breathing this also has attracted the attention of many beginners to try out the wallet.
Being a closed source wallet is huge disadvantage of exodus presently,this has reduced its security competence as a nice storage wallet for crypto tokens since it can be vulnerable to hacks and malware's at anytime ,this is why I won't recommend this wallet for any advanced trader or advice anyone to leave huge crypto token on the wallet
The wallet still remains a nice start for any newbie or beginner who doesn't have a first hand knowledge of how a virtual wallet and exchange work,but I will still advice u trade with caution and with just a small amount of cryptocurrency.
Pros
- I love the fact that I can be used to store up an hundred variety of crypto currency
- The customer support deck and the wallets feature is a top notch.
- an available and compatible android mobile app
- The transaction speed is fast
- It is a nice start for all beginners
Cons
- high transaction fees
- Low level of security and vulnerability
- it doesn't offer two factor authentication and multi signature
