Exodus is one of the newer options allowing you to store your own cryptocurrency – and a software wallet that provides a client interface which lets you access and transfers your crypto holdings.
This makes Exodus more risky to use than hardware wallet alternatives (Trezor, Ledger, etc.). The good thing is that Exodus lets you store several coins in the wallet including Bitcoin, Dash, Ethereum, Litecoin, etc. The list of supported coins is longer and longer as new coins are constantly being developed.
This is one of the few desktop wallets that can store more than one cryptocurrency. This means that you have a chance to diversify your portfolio easily. It has a very simple interface and it’s very easy to use. The only thing that might be an issue is the constant connection to the internet. Although it doesn’t save your keys in order to keep it more secure, it is, however, less secure than a hardware wallet.
The wallet can provide you with a high degree of anonymity since no personal information is required to download, use and install. It also does not collect personal information and private keys so they are always in full control of the users themselves. The public keys and transactions that are made with the wallet can be seen on the blockchain and there are no available features that hide the transaction trail.
The wallet also offers support for privacy coins as well.
Users can use the 12-word recovery seed phrase in order to restore the wallet if your device gets destroyed, lost or stolen. This means that you can choose the restore wallet option in your new device and download your wallet as it was in the first device. Exodus provides support via email but there are plenty of other, updated ways that you can get the support you need.