Exodus Wallet Review: Easy-to-Grasp Crypto Staking for Everyone

Crypto mass adoption is currently in full swing. The number of digital asset users grows daily while governments develop regulatory frameworks for cryptocurrency turnover. Besides well-known trading and mining, the market also offers more modern and efficient ways to earn passive income on crypto with no special skills or equipment. One such tool is crypto staking, which allows users to get rewards for simply holding digital assets in a wallet. Everstake supports several crypto wallets, including Exodus, one of the most popular desktop and mobile platforms for storing and staking cryptocurrencies among beginners. This article offers an extensive review of Exodus, focusing on its functionality, security, and convenience.

Beginner-Friendly User Interface

One of the main Exodus advantages is its straightforward interface. The user experience is highly intuitive and will be convenient for both beginners and skilled crypto investors. After installing the app, the system constantly provides hints and functionality descriptions, making the staking journey intelligible and comfortable. The platform is logically divided into several sections so that participants can easily navigate the wallet:

• Portfolio
• Exodus Shares
• Exchange 
• Wallet

What distinguishes Exodus from other crypto wallets is its interface customization feature. You can create a personalized crypto wallet by choosing among dozens of available color and texture options. The service even offers trendy skins, including Matrix- and Dogecoin-inspired themes.

As for the Exodus mobile app, it is not inferior to the desktop version. The interface is just as intuitive and easy to navigate, while all the sections and system features are preserved. The full-fledged functionality of the Exodus mobile version allows users to manage their crypto assets and earn on crypto staking anywhere at any time. 

Exodus also offers an intuitive hardware crypto wallet experience designed in collaboration with Trezor. It provides a high level of security and allows you to manage and exchange cryptocurrencies in Exodus from the security of your Trezor.

Instant Sending and Receiving Crypto

The basic Exodus functionality includes sending and receiving crypto. Since the system does not support fiat payment systems, you should first purchase digital assets and transfer them to your Exodus wallet. The entire process requires only several clicks: 

• Choose an asset in the Wallet section. 
• Press "Receive". 
• Send coins using the displayed address or a QR code.

The funds will be instantly credited to your account and displayed in the portfolio section. The same goes for sending crypto: enter the receiver’s wallet address, specify the amount and click “Send”. All transactions will be displayed in the Activity table of the Wallet, including their status.

Convenient and Simple Crypto Staking 

In collaboration with Everstake, the biggest decentralized crypto staking provider in the blockchain industry, Exodus wallet offers a straightforward system. Users can earn passive income in four popular crypto assets without expensive equipment or technical skills required for mining or trading. The platform currently supports the staking of four top cryptocurrencies, while the annual percentage yield ranges from 1% to 17.53%, depending on the chosen digital asset.

Data at the time of writing

Staking your crypto via Exodus is pretty straightforward. Here’s how to do it as exemplified by Solana. 

1. Go to the Home page. 

2. Click on the plus sign in the menu bar.

3. Install and open the “Rewards” app. 

4. Choose a cryptocurrency and press “Start earning”. 

5. Enter the amount you want to stake and click “Stake”.

The Exodus wallet will automatically choose Everstake as your main validator: the company uses enterprise-level hardware to run nodes for the most popular blockchain networks. The rewards will be automatically credited to your account based on the chosen cryptocurrency and crypto staking terms. You can always check your progress, monitor the received profit, and unstake coins if necessary.

Comprehensive Crypto Portfolio Building

Exodus mobile wallet is a convenient and secure tool for building a crypto portfolio. The platform currently supports 200+ digital assets, including Bitcoin, Ethereum, Solana, etc. As we have already stated, Exodus does not support fiat payment systems, meaning you will have to transfer funds from other wallets or exchanges.

All of your crypto coins are displayed in the Assets section with a helpful filtration feature. You can sort digital assets based on their name, balance, blockchain, market cap, and staking APY. In addition, the system allows for enabling and disabling of assets so users can create their personalized portfolios. When clicking on a particular asset, its balance will be displayed in a pie chart and coin's performance analytics.

To access the overview of all your crypto assets, go to the Portfolio section. It will show the total balance proportions and profitability dynamics that will help keep track of the progress and adjust crypto strategy if necessary. The data can be displayed based on the daily, weekly, monthly, and yearly parameters.

Top-Notch Security and 24/7 Worldwide Support

Protecting Funds With Seed Phrase and Password

When it comes to crypto, security should be a number-one concern. Exodus is a reliable wallet that guarantees the highest security and protection against hackers. Unlike many modern exchanges, the company does not store any sensitive data about clients' wallets. Thus, you maintain full control over your funds. The Exodus accounts are well-protected by the private key (password) and a seed phrase that a new user has to enable in the Backup section.

Exodus clients can also increase the protection of their accounts by applying additional security measures. The desktop version of the wallet offers the Auto-lock feature that allows the system to lock after a selected amount of time automatically. This function is not enabled by default, but you can turn it on in the Security section. The wallet can shut down in 5, 15, 30, 60, or 120 minutes.

Convenient 24/7 Support Channels 

If you have any questions, Exodus offers 24/7 worldwide support via email and chat in both desktop and mobile versions. The system will automatically suggest choosing the subject of the request to help speed up the process. The company advises clients to contact the support team via email since this method has the fastest response time. Usually, any issues are resolved in the shortest possible time. 

Summing up

The Exodus wallet review has shown that it is an easy-to-grasp yet full-fledged crypto platform. Exodus supports 150+ cryptocurrencies and allows sending, receiving, storing, and staking crypto. The platform's intuitive interface, extensive knowledge base, and 24/7 worldwide support make Exodus a viable option for beginners and experienced digital asset users.