Exodus wallet review 2021 - Experiences and costs
In this Exodus review you will read all about the different Exodus wallets and learn how to use them. You will also find a step-by-step plan to help you buy crypto as quickly as possible.
Exodus wallet use roadmap
1 - Choose a broker: Find a good broker to trade crypto (we recommend eToro!)
2 - Deposit money on eToro: Simply deposit money and start right away.
3 - Choose the right crypto: Choose the right currency to start with.
4 - Buy your crypto currency: Start trading crypto and buy your coins.
5 - Save the crypto: Store your purchased crypto coins in the Exodus wallet.
Are you ready to start? Then open an account on eToro and start trading in virtual money.
What is the Exodus wallet?
If you have bought cryptocurrency, you need to store it safely so no one can access your supply. With money, you are used to store it at a bank, but the decentralized nature of coins makes it necessary to look for something else. In this Exodus review we will discuss the wallet Exodus.
To solve this problem, there are cryptocurrency wallets in which you can safely store various coins. Exodus is a company that designs crypto wallets and has brought them to the market in various forms.
The company has not focused on a single application such as a mobile application, but tries to come along on all fronts. It has wallets you can use on your computer, mobile applications but it also offers physical bitcoin wallets.
Exodus was founded in 2015 and has launched and updated over 200 different products in that time. The company says they release new software or software upgrades on average every fortnight.
With this software, they are not only trying to reach the seasoned crypto expert. Exodus is trying to make their software as easy as possible for all cryptocurrency users. In this Exodus review, we will find out if they succeeded in doing so.
How do I buy cryptocurrency?
If you are interested in an Exodus wallet, it is important that you are able to fill it. Before we start with the Exodus review, we will first explain how to obtain cryptocurrency. In this step-by-step plan you will find everything about the different ways to invest in cryptocurrency.
In addition, at the bottom you will find an explanation on how to send the purchased cryptocurrency to an Exodus wallet and how to store it there.
Step 1: Choose an online broker | Step 3: Deposit money on your account | Step 5: Store your newly purchased cryptocurrency |
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Step 1: Choose an online broker
If you are new to the world of cryptocurrency, you need to find a place where you can buy crypto. There are several brokers and crypto exchanges you can go to.
There are major differences between the brokers listed below in terms of how they offer the cryptocurrency, what they have to offer and how high the costs are that they charge.
Pay close attention to the above-mentioned aspects when you are going to make a choice for a broker. This way you can be sure that you have chosen a broker from the start that you can continue to invest with for a long time and that you do not have to be active on several platforms at the same time.
eToro
eToro is one of the most popular brokers among investors and has a lot of options for both beginners and advanced traders.
You trade here in crypto currencies, stocks, ETFs, CFDs, indices and currencies. What's more, shares and ETFs are traded at 0% commission!
This broker has established itself in Cyprus in order to obtain a European licence. For this purpose, it is under the supervision of the Cypriot CySEC (Cyprus Securities and Exchange Commission).
As a beginner, you can use a free demo account at eToro. For this account, you only need to provide an E-mail address and you get virtual money to get acquainted with the platform and to try out investments and get familiar with the platform.
At eToro, you can also participate in copy trading. This social way of trading bases your trades on those of other investors. You can choose who, and thus benefit from investors' experience and good trades.
You can start at eToro with a low deposit of at least €42.
Would you like to invest at the social broker eToro? Then use the green button!
Libertex
Libertex is a well-known broker with millions of users around the world.
Libertex is licensed by the Cypriot financial regulator CySEC. They supervise the broker's operations and ensure that your money and data are handled carefully and securely.
Investing is possible in CFDs of crypto currencies, shares, ETFs, commodities and forex. There is a (variable) low percentage of costs involved. In total there are over 250 tradable assets at Libertex.
You can start from a €100 euro deposit, which you can easily transfer via iDeal or credit card.
Investing at Libertex? Register now!
Bitvavo
There are also crypto exchanges where you can buy many different cryptocurrencies. Bitvavo has only been around for a few years, but already has a large supply of digital coins.
In addition to the major coins such as Bitcoin and Ethereum, Bitvavo also offers a wide range of lesser-known cryptocurrencies. In total, you can trade more than 50 different cryptocurrencies on Bitvavo's trading platform, and this number will probably increase in the coming years.
At Bitvavo, you invest directly in the currency and therefore you actually receive the cryptocurrency you invest in. This means that you need to store this coin, for example in a bitcoin wallet from Exodus or on the platform itself.
Bitvavo's platform is suitable for beginners because everything is in their own language and Bitvavo has chosen to add few extra features which make the platform more complicated. So you end up in a very user-friendly and clear environment.
Bitvavo is praised for its low transaction fees. You can easily deposit money at this exchange using a payment method such as iDeal.
Investing with a broker? Register quickly with Bitvavo!
Capital.com
Capital.com is a broker with branches in several countries in Europe. At this broker, you will find both cryptocurrencies and other trading products such as shares.
Capital.com is licensed by the Financial Conduct Authority (FCA) and the Cyprus Securities and Exchange Commission (CySEC). This makes it a safe platform which has developed strongly in recent years.
At Capital.com you trade cryptocurrency as a CFD. At Capital.com you do not invest directly in the currency itself, but you have contracts which you can close at any time.
Capital.com is a good choice for investors who want to invest in other products besides cryptocurrency. The broker offers more than 3,000 different markets that include indices, commodities, stocks and currencies.
At Capital.com you get access to more than 3000 different trading products! Register now with the green button.
Step 2: Create an account
Have you been able to choose a broker? Then it is now time to create an account at this broker.
This process is similar at most brokers, which is why we will choose eToro in this example. You go to the eToro website and click on 'Sign up now' to create an account.
After you have created the account, you have to confirm that the E-mail address you entered is correct. If this is successful, you can already start using eToro by using the free demo account.
But eventually you want to get started with real money at this broker. To do that, you must first go through a verification process.
In this verification, you have to send a copy of your ID, link your bank account and fill out a questionnaire. In the questionnaire, you indicate how much knowledge you have about investing and what your plans are for your newly created eToro account.
Step 3: Deposit money into your account
eToro will send you a message as soon as the verification has been approved. From that moment, you can use all functions, including real money, on the eToro platform.
However, you should first deposit money into your account. At eToro, this is done easily via a payment method such as PayPal, bank transfer or even iDeal. You have to deposit at least €42 the first time.
eToro immediately converts everything if necessary. Thus, you can also trade with your euros on a cryptocurrency market that is set off against US dollars.
Step 4: Choose and buy a cryptocurrency
This means that you can immediately start finding the crypto currency that you would like to invest in. At eToro, you can start this search in two ways.
If you already know which coin you would like to have, you can use the search bar to search for the name or abbreviation of this coin. You can also filter on crypto currencies and thus search the entire offer of eToro in search of a coin that fits your portfolio.
In the list of cryptocurrencies you can also choose to sort on the best performing coins over a certain period to get an even better understanding of the market.
Have you found the coin in this list you want to invest in? Then click on this coin and subsequently click on 'Open position' on the product page.
Step 5: Store your newly purchased cryptocurrency
How to store your cryptocurrency depends on where you bought this cryptocurrency. If you invested through the broker Capital.com, the closed CFDs will remain on this platform.
If you bought the crypto currency at an exchange where you did invest in the currency itself, you will need to find a place to safely store the crypto currency. This can often be done at the exchange itself, but you can also choose a wallet like the one from Exodus.
If you want to use another wallet, you will have to find the address in that wallet and use that address when you send cryptocurrency from the exchange. Always make sure you copy the address correctly, if you send the coins to a wrong address you will lose them.
Are you convinced of cryptocurrency? Then create an account at eToro and get started today!
Exodus review: how do I use the Exodus Wallet?
Exodus has developed a number of different wallets that can be used on different devices. There is a wallet specifically for desktop users, mobile users and there are physical hardware wallets.
It all depends on your own wishes and usage which wallet is the most convenient for you to use. Besides wallets, Exodus also develops applications for cryptocurrencies.
We will also take a closer look at these in this Exodus review.
Desktop wallet
A desktop wallet is used on a computer or laptop. You can download and install the wallet free of charge and easily via the Exodus website.
You can use the desktop wallet to store all your cryptocurrency, but the wallet offers a number of additional possibilities. You can also use the wallet to buy and sell cryptocurrency.
This can be done through the Exodus wallet without even having to register at this website. For example, you can choose to initially buy Bitcoin from an exchange, send it to your Exodus wallet and convert your Bitcoin to smaller coins from this wallet.
Of course, you can also use your crypto wallet to store, send and receive cryptocurrency.
Mobile Wallet
The Exodus mobile bitcoin wallet can be easily downloaded from the Apple App store or the Google Play store. With this application you can keep an eye on your crypto portfolio anywhere and anytime and update it when necessary.
You can easily link the mobile wallet with your desktop wallet so you can access the same stock of cryptocurrency on both devices. With the Exodus mobile wallet, you can also buy and sell cryptocurrencies by exchanging them for other cryptocurrencies.
Hardware wallet
If you want to store cryptocurrency as safe as possible, you can choose to buy a hardware wallet. This is often a small device that can be connected to your computer.
You can put cryptocurrency on this device so your investments are completely safe offline. Without your device and log-in codes nobody can access your cryptocurrency.
Exodus has made it possible to link the Exodus wallet with a Trezor hardware wallet. This way you can start with a desktop or mobile wallet and always switch to a hardware wallet if you want to.
Exodus crypto apps
There are a number of applications developed by Exodus that you can use in combination with the Exodus Wallet. At the moment, there is an application that makes it possible to earn cryptocurrency through strike, an application aimed at receiving interest on certain coins, and more applications are on the way.
You can use any of these applications through your Exodus crypto wallet.
Start investing in crypto currencies right away? Do not wait any longer and get in via eToro today!
Exodus Review: why choose the Exodus Wallet?
The Exodus Wallet is a product with a lot of potential. The company is trying to develop as many applications as possible that work seamlessly with the wallet so you have as many options as possible when using the Exodus Wallet.
A big advantage of this wallet is the enormous list of cryptocurrencies that can be stored on it. This is important because this way you can store all your cryptocurrencies in the same place.
Even the largest coins can of course be safely stored in this crypto wallet.
Details Exodus Wallet
The Exodus has the great advantage of being able to store many different cryptocurrencies in the wallet. In total, there are currently more than 130 different cryptocurrencies.
Below you will find a part of the coins you can store on the Exodus bitcoin wallet. A complete list can be found on the Exodus website.
Bitcoin (BTC) | Ethereum (ETH) | Stellar Lumens (XLM) |
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Advantages and disadvantages Exodus Wallet
In this Exodus review, we have discussed various aspects of the Exodus wallets. Below, we list the various advantages and disadvantages of the wallet that were mentioned in our Exodus review.
Pros
Cons
Always pay attention when sending and receiving cryptocurrency. Always copy addresses so that you are 100% sure that the address to which you want to send or receive coins is correct.
Tips before using the Exodus Wallet
Exodus is free to download and you can also try out the wallet first. We recommend you to make use of this!
The demo function offers a bit of security for the doubting investor. You can try out the platform with a small amount of cryptocurrency to see how everything works and if this wallet is for you.
Exodus Review: Frequently Asked Questions
The company Exodus develops software and has also developed a software wallet for cryptocurrencies. You can use this wallet on desktop and smartphone and synchronise with each other.
Yes, the Exodus Wallet is secure as long as you use good login codes and do not share these with anyone. You always have a private key with which you can get your wallet back if you lose a login.
In total you can store over 130 different cryptocurrencies on the Exodus Wallet. Only smaller unknown cryptocurrencies will not be able to be sent to this wallet.
You can easily download the Exodus Desktop Wallet and the Exodus Mobile Wallet from the Exodus website. The desktop Wallet can be found on your computer or laptop while the mobile application can be found on your smartphone.
You can trade coins with each other within the Exodus Wallet to obtain other coins. You can also choose to send the coins to another address.
Exodus Review: Conclusion
Exodus is a special company within the world of cryptocurrency. It is a software developer with a convenient desktop and mobile wallet so that you can manage your cryptocurrency properly anywhere.
The special feature of this wallet is the ability to easily trade cryptocurrency directly from your wallet. In addition, you can also easily send and receive cryptocurrency with the Exodus wallet.
If you want it even safer than Exodus currently offers, you can also combine the software with Trezor's hardware wallet. Your cryptocurrency is then stored on the hardware wallet but you use the Exodus software to manage your cryptocurrency.
Time to fill your Exodus wallet?
Start investing in cryptocurrency now through the internationally popular broker eToro!
