When you invest in any crypto asset, the next step that you must take without any delay is to use a cryptocurrency wallet to transfer those assets. Whether you choose a cold wallet or a hot wallet, just don’t keep your crypto lying on the exchange. When your cryptos are kept on the exchange, they may be prone to cyberattacks. If you are also a bit concerned about the security of your crypto, choose the Exodus Wallet extension.
With the introduction of this wallet, users can easily manage, secure, and trade a wide selection of digital assets directly from their web browsers. Hence, if you are looking for a pathway to easily access Web3, dApps (decentralized apps), and a decentralized exchange, then this wallet could be the right choice for you.
This is a non-custodial and multi-currency wallet that gives you complete control over your digital assets/private keys. Currently, the wallet supports around 300 crypto assets, which include Bitcoin, Ethereum, Solana, and other ERC-20 tokens.
This software wallet comes with a wide range of crypto management and trade features, as explained below:
On-the-go portfolio management
Staking
In-app trading
Buy, sell, and exchange crypto
Available for mobile and desktop users
Before you set up your wallet, it is important that you install the Exodus extension on your browser. To do so, check the steps below:
Open your Chrome browser and visit the Exodus official website.
https://www.exodus.com/ is the website you must visit.
Open the “Downloads” section and then choose the Chrome icon.
You will be taken to the Chrome Web Store to download Exodus.
Within the extension entry, select the “Add to Chrome” button.
On the confirmation pop-up box, select “Add extension.”
When the extension is installed, you will see the Chrome icon appear on your browser toolbar.
To set up your wallet, you can follow the easy steps defined right below for your convenience:-
Open the Exodus Wallet extension on your Chrome browser.
Choose the “Create a new wallet” button on the main menu.
Following this, you need to create a backup of the Seed Phrase shared with you.
Create an offline copy of the seed phrase and then set up a strong password.
Thereafter, verify the Secret Recovery Phrase to complete the setup.
Exodus has a built-in crypto exchange, and using this exchange, you can easily trade crypto assets without connecting to an external exchange:
Open the Exodus Wallet extension and click on the “Exchange” option.
Further, you must select the pair that you wish to trade or swap.
Select the amount and then review the exchange rate.
After reviewing the details, click “Exchange.”
Exodus Wallet extension prioritizes user security, and this is the reason why it implements the following security features:
Gives you non-custodial control
Private key encryption
12-word Secret Recovery Phrase
No collection of personal data
Supports integration with a hardware wallet
The Exodus Web3 wallet is one of the best non-custodial wallets out there. This wallet uses high-end encryption technology to protect your crypto from any kind of theft. Besides that, it comes with a built-in exchange so that you can trade crypto without leaving the safe environment of the wallet.
How do I restore my Exodus Wallet?
Install the new Exodus Wallet extension on your device and select the “Restore Wallet” option. Thereafter, provide the 12-word Secret Recovery Phrase of the wallet.
Which wallet is better: Exodus or Trust?
When we compare the Exodus Wallet extension with Trust Wallet, we find that most of their functionalities are similar. However, what makes the Exodus wallet better is that it can be connected to the Trezor wallet (hardware wallet). But we can not do this with Trust Wallet.
Is Exodus a trustworthy wallet?
This wallet is definitely a very safe wallet, which means you can enable multiple security features so that only you can access the wallet.
Can I withdraw money from Exodus?
Yes, you can. All you need to do is navigate to the “Assets” tab and then select the “Send” option. Fill out the withdrawal details and confirm your transaction.