1 Level
41 Review
50 Karma
Review on Exodus by Arun Kaul
Secure, Easy to Use Blockchain Wallet - Exodus Wallet
Exodus doesn’t have a great reputation since it has not been long since it arrived in the market. It isn’t an offline wallet which raises security concerns.
But Exodus tries to compensate for that by providing a good backup system which is accessible via a 12-word passphrase. It does store your keys offline on your computer but a 2-factor authentication would have made it trustworthy enough to be labelled as a good product.
Nonetheless, the C.T.O. J P Richardson has a good reputation in the development community and has a vast development experience of open libraries. The things that set Exodus apart from other wallets is its aesthetic user interface which not only looks good but is extremely easy and intuitive to use.
In a world where top wallets struggle to provide good customer support, Exodus goes against the grain and gives you documentation, videos and responsive email support.
In short, Exodus is good for beginners who want an intuitive wallet to store small amounts of cryptocurrencies and use the integrated ShapeShift to convert cryptocurrency.
Pros
- An extremely easy to use and intuitive interface sets it apart and makes it suitable for beginners with zero knowledge of cryptocurrency
- More aesthetically appealing than any other wallet you would encounter
- The founder J.P. Richardson has a good reputation in the development community and has developed over 190 open source libraries
- Supports over dozens kinds of cryptocurrencies
- Private keys are stored on your computer with a good backup option. Backup is accessible through a backup link which is further accessible through a 12-word passphrase
- Customer support is best in the industry with lots of support documentation and videos available online. Responsive email support and direct message to founders possible
- Integrates ShapeShifting for easy trade of cryptocurrencies which is a rare feature
- The wallet shows exemplary engineering skills and some users have praised the developers for the same
Cons
- Not very secure: doesn’t have 2-factor authentication despite functioning online
- The wallet isn’t open source, so you are leaving everything to the developers
