Exodus Wallet is a young cryptocurrency wallet that came onto the market in 2015. It is currently a very popular software wallet among investors. In this Exodus Wallet review, we share our opinion and all the details about this wallet.
What Is Exodus Wallet?
Exodus is a desktop wallet for digital assets, founded in 2015. It offers a good-quality service. As a desktop wallet, it is only available after downloading it to a computer or mobile device. Thanks to its popularity and rapid development, UIX drew heavily on it to create its own wallet.
The wallet was created by JP Richardson and Daniel Castagnoli with the goal of building a wallet with excellent design. They release more than 200 updates a week to develop their desktop wallet quickly. It also lets you store more than 100 digital assets.
However, this wallet’s security level does not work in its favor, as a software wallet cannot compete with a hardware wallet on security. In addition, its fees are sometimes very high and do not match the level of security offered. Even so, it can still suit novice investors.
If this topic interests you, also check out “Freewallet” and “What Is MetaMask?“.
How Does an Exodus Wallet Work?
Like all cryptocurrency wallets, it works with the two essential keys. Its accessible, easy-to-use interface lets you receive and send funds while storing your cryptocurrencies.
The key to this wallet is therefore its ease of use and its highly rated interface. The app installs on your computer or mobile device and takes up 110 MB. Installation should not be a problem, as it is quick and the wallet runs only locally.
Exodus requires no account, and your crypto is stored and encrypted on your hard drive, since the software runs locally. Exodus also lets you remain completely anonymous, unlike some wallets that ask for ID documents that could attract scammers. This is one of the security strengths of this software wallet.
Once all this is in place, you can start making transactions and storing and managing your cryptocurrencies. Another advantage of this wallet is the ability to make quick exchanges with more than 70 blockchain assets. The wallet is also available on iOS, Windows, macOS and Linux.
Cryptocurrencies Available on Exodus Wallet in 2026
Exodus Wallet supports more than 100 cryptocurrencies in its app. These digital currencies include popular cryptos such as:
- Bitcoin (BTC)
- Ethereum (ETH)
- Ripple (XRP)
- Litecoin (LTC)
- Cosmos (ATOM)
It also supports the very popular ERC-20 tokens, as well as Polkadot, Uniswap and Bitcoin Cash. In terms of the cryptos available in the wallet, it can compete with trading platforms such as eToro.
But the competition stops there. In terms of security, and as regulated brokers, these platforms remain a very good way to store your virtual currencies. They also let you use CFDs to benefit from leverage.
How to Install and Set Up Exodus Wallet: Tutorial
Here are the steps to follow to install and set up your software wallet:
- Download Exodus
- Back up your new wallet
- Create a password
Receive your first crypto deposit
We will now go through each step to get your wallet up and running.
How to Store Your Crypto with Exodus Wallet in November 2026
To store cryptocurrency in your Exodus wallet, you first need to own some virtual currency. You can buy crypto directly through this wallet, but currently the only cryptocurrency you can buy through it is Bitcoin. To get other cryptos, you will need to exchange them or use a platform.
Once you have your cryptocurrency, you can move on to storing it. Simply receive the crypto and make a backup. Once the backup is complete, you can close your wallet. To use it again, just open the software and enter your password.
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To get an Exodus wallet, first download the app or software to your device. Once the download is complete, install the wallet on your computer or mobile device. After installation, set a password for your wallet and create a backup. Then all you need to do is receive or transfer your crypto into the wallet, and it is officially yours.
How to Protect Your Crypto on Exodus Wallet
To protect your crypto in this wallet, you keep your private key on a computer or mobile device. This gives you full control over your cryptocurrencies, unlike some online wallets. But to protect your crypto in this software wallet, you also need to keep your computer or device secure. As we all know, using internet-connected devices can expose you to viruses and hacking. It is therefore essential to install updates and stay vigilant about your device. You must also avoid revealing or losing your password to prevent the total loss of your cryptocurrencies.
Exodus Wallet: Pros and Cons
Although it has many advantages, there is no denying that it also has drawbacks as a wallet. Here are the pros and cons of this software wallet.
Pros
- Complete anonymity
- User-friendly interface
- Easy and simple to use
- 132 cryptos available
- Premium customer support across multiple channels
Cons
- No 2FA
- Higher fees than other wallets
- No option to buy altcoins directly
- A service geared toward beginners
Conclusion: Should You Use Exodus Wallet in 2026?
As a desktop wallet, Exodus is an excellent wallet for those who want to invest in cryptocurrency. However, we don’t recommend it if you are still new to investing in virtual currency, as security remains one of the most important criteria when choosing a wallet.
In addition, its high fees leave something to be desired given the options it offers. Exchanging and buying virtual currency should be an opportunity to maximize profit, but high fees prevent you from achieving the expected returns.
So it is a good software wallet, but it does not yet measure up to other wallets. As a hot wallet, it cannot compete with online platforms that offer users the most benefits. For this type of wallet, we recommend turning to eToro. You can also find wallets with stronger security in other categories; in that category, we suggest the Ledger Nano hardware wallet.
Read also: Edge Wallet Review