Either you can write them on a piece of paper or print a hard copy if your computer is attached to a printer. Then, your 12- word recovery phrase will be displayed on the screen.Re-enter your password and click the Next button.Enter your secure password of at least 8 digits in length and click the Next button (Exodus will not accept short passwords without any numerals or special characters) Next, the screen will prompt you to Create the password for your wallet.
There will be a small deduction to cover for the transaction fees. Once the sender has initiated the transaction, you will receive the funds on your wallet.Ĭongratulations! You have successfully received your first digital asset on the Exodus wallet. Either you can copy the address or share the QR code to the sender. Now, your screen will display the receiving address.Select the coin/token you would like to receive (eg.Click ‘Wallet’ located on the left side of the screen.Open the Exodus wallet software on your computer.Receive Digital Assetsįollow the steps below to receive a digital assets (eg. It will only show the 12-word recovery seed after you make the first deposit.
The only way to start using Exodus is to deposit at least a small amount of cryptocurrency like Bitcoin on the wallet. But, how does Exodus compare to other cryptocurrency wallets?Īs the Exodus wallet is a software wallet installed on your computer, there is no need to create an account. What Exodus lacks in security, it excels in ease of use. As it doesn’t store any of the user’s information like private keys, passwords etc on its server, it becomes the sole responsibility of the user to protect their own funds. It doesn’t offer any advanced security features to protect the funds except a recovery phrase and password. That’s why it recommends the users go for hardware wallets like Trezor, KeepKey or Ledger for storing large amount of digital assets. Using the integrated Exodus Exchange, you cannot buy/sell cryptocurrencies using fiat currency but can only exchange between the digital assets.Įxodus is not considered the best option to store huge amounts of cryptocurrency as it is not as robust as a hardware wallet. It has a simple interface that can be used comfortably even by novice traders. In addition to that, Exodus Wallet also allows users to personalize their portfolio by changing themes, background colour and other features to suit their style and preference.Įxodus is a multi-asset cryptocurrency wallet as it supports more than 80+ coins and tokens. It displays real-time value of digital assets by means of great live charts. However, it has quickly gained popularity among traders primarily due to its versatile design.
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