Review on Exodus by Temitope Babatunde
A Multicurrency Wallet That Can Be Use Accross Many Devices.
Exodus Movement Inc which is founded in 2015, by JP Richardson and Daniel Castagnoli with its headquarter in Nebraska is the brain behind Exodus wallet. It is a software wallet with which you can store many coins, which saves the user from the hassle of operating so many wallets for each different coin.
It does not required any registration before one can use it, what one need to do is just download the software and installed it, then input your password and backup your seed phrase in case you lost your device or it has a problem.
Apart from network fees no fees for deposit and withdrawal. But the wallet generates commissions through the shapeshift swapping mechanism that is inbuilt into it, so that when a user use the exchange certain fee will be charged.
The founders of the wallet take the relationship between it and the wallet users very seriously by establishing various ways of communication channels so that they can be easily reached. In addition, there is a video uploaded on it which gave the detailed explanation on how to use the wallet effectively.
Various security measures are also in place so that users fund can remain secured. Although the wallet has no 2Factors authentication nor does it a multisignature wallet, however since it has be launched no report of any compromisation has been reported.
So when thinking about a multicurrency wallet that is user friendly and secure you can try exodus wallet.
Pros
- It has the capacity of storing multiple currencies.
- There are desktop and mobile version available, which means you access it on both 2 devices.
- Your private keys is stored on your computer or devices.
- You can use it with certain hardware wallet like Trezor.
- It has several securities measures, for example if you don't use it for some predetermined minutes after having open the account, it lock by itself.
- Users do enjoy anonymity because you don't need to do any registration before using it.
Cons
- You can not customize your fees, which means that the wallet determines the fees it feels is good for you.
- No 2Factors authentication.
