Whether you have just started in the world of cryptocurrencies or if you have been in it for a long time, you have entered a good place. Today we are going to talk about Exodus, one of the best wallets (virtual wallets) of cryptocurrencies in the world. It is relatively recent, since 2015, but its reliability and versatility have made it a well-deserved niche in the world of cryptoeconomics. In addition to not being a simple wallet, but a platform that serves as an exchange place for different cryptocurrencies.
We are going to comment on what it is exactly, how it works, the different possibilities it offers us, how to open an account, commissions, etc. Everything you need to know the most relevant things about this wallet, Exodus.
What is Exodus Wallet?
Exodus Wallet it is a virtual wallet in which to save cryptocurrencies. It is also designed as an exchange platform and it serves to be able to do operations with them. It is not very common to find wallets that additionally offer an Exchange. In addition, finding the cryptocurrency that interests us is very possible, since today it has almost 100 cryptocurrencies on its list. 95 to be exact. Sometimes they have to withdraw some of their assets, it may be due to regulatory issues or other issues. However, they have all the major cryptocurrencies.
Exodus is designed in an optimal and intuitive way, with a good graphical interface to offer its users an agile handling. Its creators are JP Richardson for the part of technical director, and Daniel Castagnoli for the part of creative director and visible face of this project. The beginning of Exodus Wallet was in 2015 and since then it has had a huge rise. This success has been strongly supported by its great security, possibilities and an unbeatable design.
It should be noted that both make a great duo due to their great career. On the one hand, Richardson has extensive experience creating blockchain and cryptocurrency software. Castagnoli for his creative part, collaborating with companies such as Apple, BMW and Disney.
Its platform is available for Windows, Linux and Mac. However, for mobile we can only find it in the Apple App Store. As time passes, they adapt to different devices, so it is possible that later we can find it in more places.
How to open an account with Exodus Wallet?
Opening an account with Exodus is very easy, just enter our personal data, and later send copies of our personal documents by e-mail for validation. The only problem we find if we do not own Bitcoin or any other cryptocurrency is that we will not be able to make a first deposit. You have to be a previously possessor of one, since the system does not support or support non-virtual currencies.
At this point, we can transfer assets that we have in another wallet, for example, and once deposited, many functions that were restricted will also be unlocked. I imagine that it goes with the politics they transmit and work, since even from what I have seen, salaries are paid in cryptocurrencies. Which I do not argue or see as wrong, taking into account the change they want to promote in the world.
Once our first funds have been deposited, they will give us some first keys that we will have to change later. Exodus does not save any password on its systems, for which they hold their owners directly responsible. They also do not recommend saving them on any digital device. The most convenient thing is to keep them in a physical medium, that is, a pen and paper.
Advantages and disadvantages of Exodus
Among the strong and weak points, in my opinion I would highlight the following
Advantages
- Wallet that additionally serves as place of exchange. Something unusual.
- La great variety of cryptocurrencies it offers. On rare occasions we will feel that something is missing.
- It does not store passwords and they have a clean record in terms of policies and good ethical functioning.
- They have a 24/7 customer service through different channels.
- the interface they have designed is one of the best there is, intuitive and very comfortable to use.
- Es one of the largest virtual wallets in the world. This leads us to think that the efforts they allocate to its security and functionality will increase.
Disadvantages
- How frequent, not absolutely hack free and there is some other rumor or thread on the internet about it.
- If a person is not careful, the security of their assets could suffer.
- Lack of an additional layer of security. That is, it can show more vulnerability to hacking attempts. Hackers using tools such as keyloggers, which are often used to obtain passwords or confidential information.
Is Exodus a scam or scam?
I put this section because of the general distrust that creates us trying new things. Above all, taking into account the proliferation of hoaxes that circulate and in the end out of fear we decided not to do or forget things that perhaps interested us. And it is that Exodus Wallet is not a scam. But it is good to make sure by looking for information, since it is a still new and exploding market. It reminds me of the beginnings of forex and when brokers began to expand and appear.
I always encourage everyone who reads me, to circulate a bit on forums or websites, in search of other opinions to contrast what I say. And it is that beyond some technical problem or small complaint from a user, I have not seen really bad comments, of the type ... that someone's funds have been kept, or they have usurped anything else, or similar. For this part, one can be calm. Exodus Wallet is serious.
Conclusion
After evaluating all the important points, we can see that we are facing a great platform. Where its creators have been so concerned about maintaining the quality of everything they offer, that its users are the main beneficiaries. This means that they have a marked future trajectory, and that they have come to stay and continue to stand out globally. Without a doubt, Exodus Wallet will continue to add satisfied customers.
