Exodus

Exodus review: our verdict

Exodus is one of the friendliest multi-coin wallets available. It suits beginners who want to hold Bitcoin, Ethereum, Solana and many other assets in one attractive app, without dealing with complex settings. Built-in swaps and a portfolio view make it easy to manage a diversified portfolio, and it can pair with a Trezor for added security. It isn't fully open source, and swaps can cost more than trading on an exchange.

Exodus at a glance

Key features

• Multi-chain portfolio: Bitcoin, Ethereum, Solana and many other networks in a single app with clear charts.
• Built-in swaps: exchange one asset for another inside the wallet through third-party providers.
• Buy and sell: on-ramps via partners in supported regions.
• Staking: earn rewards on selected assets. See what is staking.
• Web3 access: a browser extension for connecting to apps.
• Trezor integration: use the Exodus interface while keys stay on a Trezor.

Security

Exodus is non-custodial, meaning only you control your keys. The app encrypts your keys locally and backs them up with a 12-word recovery phrase. You can add a password and biometric lock. Because it's a hot wallet, it's exposed to malware on your device, and because the code isn't fully open source, it can't be audited as completely as some alternatives. For large holdings, pair Exodus with a Trezor or move savings to a hardware wallet.

Fees

Exodus doesn't charge to send or receive; you pay standard network fees, which you can sometimes adjust. Built-in swaps include a spread from the swap provider, which can be higher than exchange trading fees. For large conversions, compare prices on a low-fee exchange. Read crypto fees explained.

How to set up Exodus

1. Download Exodus only from the official website or verified app store listings.
2. Open the app and set a password.
3. Back up your 12-word recovery phrase offline.
4. Receive crypto by copying the correct address for each asset and network.
5. Optionally connect a Trezor for long-term holdings.

Exodus alternatives

• MetaMask: better for heavy DeFi and Ethereum app use.
• Ledger or Trezor: hardware wallets for maximum security.

Who should use Exodus?

Beginners and long-term holders who own several different coins and want a simple, attractive wallet. Heavy DeFi users may prefer MetaMask, and anyone with large balances should add a hardware wallet.

Frequently asked questions

Is Exodus safe?

Exodus has a long track record as a self-custody wallet. Its main risks are those of any hot wallet, so protect your device and recovery phrase, and use a hardware wallet for larger amounts.

Does Exodus charge fees?

Sending and receiving only incurs network fees. Built-in swaps include a provider spread.

Can Exodus be used with a hardware wallet?

Yes, Exodus integrates with Trezor hardware wallets.

Is Exodus a good wallet for beginners?

Yes. Its design and simple setup make it one of the easiest self-custody wallets to learn on. Start with our guide to crypto wallets.

This review is for educational purposes only and is not financial advice. Features change; confirm details on Exodus's official website.