Exodus Wallet Review
By: Josh MillerUpdated: Mon Mar 13 2023
Exodus Wallet at a glance
Exodus Wallet
Web3 Enabled?
✅ Yes
Browser Extension?
✅ Yes
Mobile?
✅ Yes
Desktop?
✅ Yes
Supports EVM?
✅ Yes
Supports Bitcoin?
✅ Yes
Supports IBC?
✅ Yes
Supports Polkadot?
✅ Yes
What is Exodus Wallet
Exodus Wallet is a multi-currency wallet that supports multiple assets. It has a beautiful, easy-to-use interface, and is designed for ease of use and security. As a software wallet, Exodus does not hold user funds—they are securely stored in the blockchain network. Users maintain control of their private keys, which give them ownership of their crypto assets.
Pros & Cons
Before we dive into the full review, lets get into the pros and cons of Exodus Wallet.
Pros
- Supports Bitcoin, Ethereum and EVM chains, the Cosmos ecosystem, the Polkadot ecosystem, Tron, Algorand.
- Web3 enabled, so you can use DeFi applications, staking tools, NFT marketplaces and more.
- Mobile applications for iOS, Android.
- Supports Desktop.
- Browser extension for Chrome, Firefox.
- Completely free to use/download.
Cons
- Closed source.
Table of Contents
- What chains does Exodus Wallet support?
- Is Exodus Wallet Web3 enabled?
- Does Exodus Wallet support Mobile?
- Does Exodus Wallet support Desktop?
- Is Exodus Wallet free?
- Is Exodus Wallet open source?
- Does Exodus Wallet support in-wallet staking?
- Does Exodus Wallet support in-wallet swaps?
- Does Exodus Wallet require you to run a node?
Full Review
What chains does Exodus Wallet support?
Exodus Wallet supports Bitcoin, Ethereum and EVM chains, the Cosmos ecosystem, the Polkadot ecosystem, Tron, Algorand. Because Exodus Wallet supports EVM chains, you get access to a wide range of different chains. Including, but not limited to, Avalanche, Arbitrum, Optimism, Fantom, Gnosis, and many more.
Is Exodus Wallet Web3 enabled?
Yes, Exodus Wallet is Web3 enabled. You can use it to access dApps, DeFi, NFT marketplaces, and more. This enables you to really access what blockchain has to offer, instead of simply storing your coins in your crypto wallet.
Does Exodus Wallet support mobile?
Yes, Exodus Wallet supports iOS, Android. Which is great if you own a mobile device with the relevant operating system.
Does Exodus Wallet support desktop?
Yes, Exodus Wallet is/has a standalone desktop application.The desktop application supports Windows, MacOS, Linux.
Is Exodus Wallet free?
Yes, Exodus Wallet is completely free. You don't have to pay a cent to get access to it. Although this is awesome, you have to bare in mind that free doesn't always mean it's the best option for your needs.
Is Exodus Wallet open source?
No, Exodus Wallet is closed source. This means you cannot get access to the code, and it is reserved only for the eyes of the developers. While this is a negative, it also makes it harder for hackers to reverse engineer the code.
Does Exodus Wallet support in-wallet staking?
Yes, Exodus Wallet allows you to stake in-wallet. This means you can earn passive income from your cryptocurrencies from within your crypto wallet!
Does Exodus Wallet support in-wallet swaps?
Yes, Exodus Wallet supports in-wallet swaps. This means you can exchange your coins/tokens for other tokens without going to an exchange. Be mindful that crypto wallets often charge fees for this service.
Does Metamask require you to run a node?
No, Exodus Wallet does not require you to run a node. This is great because running a node is often expensive, and requires lots of bandwidth and harddrive space. Running a node means you must download the full blockchain!