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.
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.
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 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.
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.
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- Once on the site, just smash the ‘download now’ button.
- 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.
- Once the download is complete, we need to make sure it’s installed properly. With MAC, we just move Exodus to our applications folder.
- Open the application, you will then be prompted to open Exodus. Just click ‘open’.
- You will then see a welcome screen. Your Exodus wallet is ready to use. It’s honestly that simple.
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.
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.
We will then be given our Bitcoin public address. We just copy and paste this address to send Bitcoin to Exodus.
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.
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.
- 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.
- Hit continue and finalise the transaction. Your funds will show up in Exodus shortly.
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.
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.