Exodus Wallet – Our Ultimate Guide For Storing Bitcoin & Other Cryptos

About this guide: Our Exodus guide will show you how to set up and use one of the most popular free cryptocurrency wallets. We will show you what cryptocurrencies you can store in it, how to use Exodus and how to set it up. A significant number of cryptocurrency investors would rather spend their hard earned money on crypto, rather than expensive hardware devices. This is where the Exodus wallet comes in.

What Is Exodus?

Exodus was officially launched on 29th July 2016 and is a cryptocurrency wallet solution which enables you to store and manage your crypto. As a software solution, you should be aware that it is not as secure as a hardware device. This being said, we believe that Exodus is one of the best free wallets on the market right now. Around 400 people on CryptoCompare have already rated it 4.2 stars out of 5.

What sets Exodus apart from competitors is it’s beautiful, simple design and that fact that the team have also gone out of their way to remove confusing cryptocurrency jargon. We think this makes it the perfect option for those just beginning to dip their toes in the cryptocurrency market.

Exodus portfolio screen on Macbook pro

TotalCrypto.io Important Terminology
Public address: A public key is essentially the same as your bank account number. It is required for another person to send funds to you. If you have a friend who wants to send you funds, you would give them your public address to process the transaction.

Private Key: Think of this as a complex password that proves you own the tokens and are authorised to access them. It’s exceptionally important you never share this with anyone. If anyone finds out your private key they can access your crypto and do whatever they choose. A private key is essentially the same as the PIN to your bank account; you should treat it the same way.

You get one private key. Do not lose it. If you do, you will likely lose access to your cryptocurrency.

What Cryptocurrencies Does It Support?

The number and variety of cryptocurrencies supported by a wallet is probably the most important factor for people when choosing one. After all, what is the point in having a wallet if it doesn’t support the cryptocurrency you wish to store?

The good news is that Exodus actually supports a significant number of different cryptocurrencies and they do add support for new coins frequently.

Supported cryptocurrencies on Exodus wallet graphic

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More Than Just A Wallet…

The main function of Exodus is their wallet feature. However, many will find the portfolio feature exceptionally useful for keeping track of their cryptocurrency investments. The design is very simple, but we think it’s beautifully laid out and is perfect for getting that quick snapshot of your portfolio.

Exodus cryptocurrency wallet portfolio view

Exodus also has integration with the Shapeshift exchange. This means that within Exodus you can swap any cryptocurrency stored for a different one and don’t have to deal with the hassle of sending your crypto to an exchange to trade it.

Exodus cryptocurrency wallet exchange

How Do I Setup Exodus?

The first thing you want to do is to go to the official Exodus site and download the latest version.

Want an all in one cryptocurrency wallet, portfolio tracker and exchange? Get your FREE Exodus wallet now!

  • Once on the site, just smash the ‘download now’ button.
    Downloading the Exodus cryptocurrency wallet
  • Fortunately the team have created a Windows, MAC and Linux versions. Simply select the download compatible with your operating system – in this example we will use MAC.
    Exodus cryptocurrency wallet download for Windows, MAC and Linux
  • Once the download is complete, we need to make sure it’s installed properly. With MAC, we just move Exodus to our applications folder.
    Installing the Exodus cryptocurrency wallet on MAC
  • Open the application, you will then be prompted to open Exodus. Just click ‘open’.
    Launching the Exodus cryptocurrency wallet on MAC
  • You will then see a welcome screen. Your Exodus wallet is ready to use. It’s honestly that simple.
    Welcome to exodus screen - cryptocurrency wallet

How Do I Use The Wallet?

To send your coins to Exodus, just make sure that the cryptocurrency you want to send is supported and enabled. If you click ‘Settings’, you will then be able to enable or disable different cryptocurrency assets.

Enabling and disabling cryptocurrency assets in the Exodus wallet

How To Receive & Send Coins Using Exodus?

Simply click the wallet tab and then scroll through the different cryptocurrencies until you find the one you need. If we wanted to receive Bitcoin we would just click Bitcoin and the ‘Receive’ button.

How to receive Bitcoin in the Exodus cryptocurrency wallet

We will then be given our Bitcoin public address. We just copy and paste this address to send Bitcoin to Exodus.

example of Bitcoin public address in Exodus wallet

If you want to send funds to someone, just hit the send button and enter the public address of the wallet you wish to send to and enter the amount. Once you hit send on Exodus, the transaction will be sent.

How to send bitcoin in Exodus wallet

I Have Cryptocurrency On Coinbase. How Do I Send It To Exodus?

We have shown you how to find your public address for Bitcoin in the section above. You should go through these steps mentioned for each different cryptocurrency. The reason is that the public address can be different for each cryptocurrency. For example, your Ethereum public address will be different from your Bitcoin one.

  • Login to Coinbase and go to the ‘Accounts’ tab.
  • Click the send button for whatever cryptocurrency you hold.
    How to send cryptocurrency from Coinbase
  • Paste your Exodus public address into the ‘Recipient’ wallet address box and enter the amount you want to withdraw. In this example we have used Bitcoin.
    How to enter your Bitcoin wallet address to send funds off Coinbase
  • Hit continue and finalise the transaction. Your funds will show up in Exodus shortly.

The Exchange

ShapeShift cryptocurrency exchange logo

To use the exchange, just hit the ‘Exchange’ tab. You can select the cryptocurrency you wish to trade and the one you want to receive from the dropdowns. Then enter the amount of crypto you wish to exchange and you will be shown what you will receive. If you are happy with the trade just hit ‘Exchange’ and your crypto will be credited to the necessary Exodus wallet.

Bitcoin to BAT exchange in Exodus cryptocurrency wallet

Conclusion

You should now be good to go and ready to store all your cryptocurrency. We believe the user experience and layout of Exodus is truly amazing and they also provide excellent customer support. We have no problem with recommending this wallet to Total Crypto users.

Further Reading At TotalCrypto.io
1) Thinking About Upgrading Your Cryptocurrency Security To A Hardware Wallet? Check out our Trezor Vs Ledger comparison guide.

2) Dipping Your Toes Into The Cryptocurrency Market? We Show You How To Get Involved In Cryptocurrency With Coinbase.

Resources

📈 Best Apps To Track Your Cryptocurrency Investments

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