1 Level
10 Review
17 Karma
Review on Exodus by Tomek Klys
Exodus the most beautiful wallet
Exodus wallet is a great product designed to help onboard people into the crypto revolution. It brings a clean and beautiful user interface. Users can view their account holdings in a ‘ring/pie chart’ format and can see their crypto holdings in fiat equivalents of their choice. While it makes transactions slightly more expensive, it takes away the headache to decide manual fees which is great for new users.
The problem with Exodus lies in its security flaws and its lack of advanced features. The absence of two-factor authentication and the complex process of operating the wallet on multiple machines simultaneously create several hurdles for an average user. It lets users add multiple ERC20 based tokens, but fails to list them all. Wallets like MetaMask and eToro steer clear of such issues and allow users to retain some control over the fee they intend to pay for a transaction.
Overall, Exodus wallet is a good product. It is not one of the best in the market in terms of security but provides a highly intuitive way to manage multiple crypto assets.
Pros
- Allows users to retain their private keys
- Supports multiple cryptocurrencies
- Allows in-app crypto-to-crypto exchange
- Beautiful user interface
- Easy to use, beginner friendly
- Available as a mobile application too
Cons
- High transaction fee
- Doesn’t allow manual transaction fee decision
- Doesn’t offer two-factor authentication
- Does not support multi-signature addresses
- Is not a highly secure wallet
