Multi-Cryptocurrency Wallet Guide — Exodus

7 min readSep 22, 2022

Exodus is a non-custodial cryptocurrency wallet supporting a wide range of Digital Assets. The interface is easy to navigate allowing you to use your wallet right away for purchasing or receiving cryptocurrency from another platform, making it ideal for beginners and those new to the Crypto space.

The platform is downloaded from the official website and locally secured on your device. Instead of an email and password, your 12-word secret recovery phrase is what identifies your wallet and funds. The platform presents a real-time portfolio valuation and tracks the value of assets held. There’s a saying in crypto “Not your keys, not your coins,”. Your Exodus wallet contains all your keys and coins.

Supported Cryptocurrencies: Bitcoin, Ethereum, XRP, Bitcoin Cash, EOS, Litecoin, Stellar, Tron, Cardano, IOTA & 200+ more.

Buying Crypto with Exodus Desktop

Step 1: Download Exodus on Desktop

You can use Exodus to store multiple digital assets (cryptocurrencies) and crypto asset management without handing over control of your wealth to a third party.

To start go to the Exodus official website Exodus.com, navigate to downloads, or use the link: https://www.exodus.com/download/

Select your devices operating system: Windows, Mac OS, or Linux, and initiate a download.

After downloading, Windows users can double-click the installer to have the application installed on their desktop. It should only take a few seconds to install, and you’ll be ready to go.

Exodus allows you to test the wallet before backing it up. When you’ve decided that Exodus is the one for you, it’s time to back up your wallet. This is critical to ensuring that you never lose access to your funds.

You will also be given your wallet’s (randomly generated) 12-word secret recovery phrase. This is a code that serves as the key to all your assets.

Once you’ve written down your 12-word phrase, saved it securely offline, and chosen your password, you’ll be prompted to enter it every time you want to access your Exodus wallet. When you close Exodus, your assets and wallet files are encrypted with your password.

Step 2: Receiving Crypto on Exodus Desktop

These instructions apply to any cryptocurrency supported by Exodus. In this case, we will receive Ethereum.

Please ensure that the asset you’re sending to your Exodus wallet is a supported asset and that you select the correct network to send it on before proceeding.

You can see which assets and networks are supported on their status page.

a) Click the Wallet icon and b) select the asset you want to receive.

2. If the asset you want to receive is supported on more than one network, a) click the dropdown menu and b) choose the network on which you want to receive the asset.

Step 3: Click Receive after selecting the Asset and Network.

Click “Receive” to display the Wallet Address and QR Code. This is your public wallet address and used to receive the selected Cryptocurrency.

Scanning your Ethereum address QR code is another option. You can also email your address or view it on block explorer from here.

Your wallet address will appear and look like this:

Scanning your Ethereum address QR code is another option. You can also email your address or view it on block explorer from here.

Step 4: In-App Crypto Exchange

Through third-party exchange API providers, you can securely and quickly exchange cryptocurrency directly from your wallet.

Buying Crypto with Exodus Mobile

Step 1: Receiving Crypto on Exodus Mobile

These instructions apply to any cryptocurrency supported by Exodus. In this case, we will receive Ethereum.

Please ensure that the asset you’re sending to your Exodus wallet is a supported asset and that you select the correct network to send it on before proceeding.

You can see which assets and networks are supported on their status page.

a) Tap on the Wallet icon at the bottom of your Exodus wallet and then b) tap on the asset you’d like to receive.

2. If the asset you want to receive is supported on more than one network, a) click the dropdown menu and b) choose the network on which you want to receive the asset.

3. Now, on the right side of your wallet, press the Receive button.

4. Your address will be displayed both in plain text and as a QR code. You can receive the asset by using this address.

Purchasing and Collecting NFTs on Exodus Mobile

You can now experience the world of Non Fungible Tokens (NFTs) in the palm of your hand with Exodus Mobile.

Buy NFTs from the NFT Marketplace (available only on Android devices), admire them in your NFT Gallery, and securely send and receive them in your wallet.

Earning Staking Rewards

Exodus makes it simple to earn passive income from your cryptocurrency. Allowing you to earn rewards by staking 7 different cryptocurrencies: Algorand (ALGO), Cardano (ADA), Cosmos (ATOM), Ontology (ONT) & Ontology Gas (ONG), Solana (SOL), Tezos (XTZ), VeChain (VET) & Vethor (VTHO)

Because each PoS blockchain has its own set of rules and systems for how staking works, there will be some variations in how staking works for each asset. You can find more information at: https://support.exodus.com/article/1435-does-exodus-pay-stakes

Starting with Exodus Web3

Installing and Setting Up Exodus Web3 Wallet

Exodus Web3 Wallet for Chrome and Brave can be downloaded from Exodus website.

Once you have downloaded and installed Exodus on your browser, a small tutorial on how to use the app and get acquainted with your wallet will appear in a new browser tab.

The Exodus Web3 Wallet gives you access to dApps, DeFi, and the rest of Web3.

You can now use your trusted Exodus wallet to interact with Web3 and DeFi. The Exodus Web3 Wallet is your one-stop shop for all your Web3 and DeFi needs!

The Exodus Web3 Wallet currently supports the Ethereum, Solana, and Algorand networks, with more on the way.

Exodus Wallet Overview

Advantages

Very Easy to use. Exodus is one of the most user-friendly interfaces available.
Wide variety of Supported Cryptocurrencies. Most major coins and ERC 20 tokens are compatible.
Tracks your portfolio and Digital Assets in real-time.
Selective Wallets, you can choose the cryptocurrencies to enable wallets at any time.
Excellent Support. Exodus has produced a vast amount of information, articles, and videos on the platform to assist users.
More secure than a web wallet or hot wallet. Protected locally on your secure device.
Available on Android and iOS.
A wallet backup can be created before an initial deposit of Cryptocurrency has been made.

Disadvantages

2 Factor Authentication is not available. Without this protection, the security of the wallet can be compromised with device access and password.

Conclusion

Exodus is a great platform to get started with, able to hold a wide selection of Digital Assets. Many blockchain professionals continue to use this wallet interface to receive and hold Cryptocurrency.

The desktop wallet is not the most secure way to hold coins but is considered to be more secure than keeping coins with an exchange or online provider. Making sure the wallet is backed-up ensures emergency access and recovery of Digital Assets.

Thank you for using our wallet guide. Please check out our other content at BCBitcoin, news articles, and social media below. If you have any questions, please contact us via info@bcbitcoin.com and our team will be pleased to help you.

BC Bitcoin Resources

Twitter: https://twitter.com/bc_bitcoin

Buy Coins: https://www.bcbitcoin.com/buy/

Additional Exodus Resources

Exodus Social Media: https://twitter.com/exodus_io/

Contact Exodus Support Email: support@exodus.com

Status Check Operational Wallets And Digital Asset: https://www.exodus.com/status/

Exodus Back Up Guide: https://support.exodus.io/article/41-how-do-i-backup-my-exodus-wallet

Disclaimer: The information provided in this article is intended for informational purposes only. It is the readers' responsibility to complete their own research and due diligence. BC Bitcoin will not be held responsible for any investment or transaction decisions you make based on the information provided on the website.