Though it is not the best way to store coins, software wallet like exodus, is something I still use to help me save up for a short period of time. In this post, I will be reviewing the latest Exodus wallet in contrast to Exodus 1.34.1 which was released three years ago. Recently, I downloaded Exodus wallet again as I want to start saving up crypto. Sadly, I lost the previous phrase and keys to my old wallet.
I first encountered Exodus three years ago. It was one of the best software wallet in the market. The design was already thoughtful and it impressed me. I even think about working there.
Exodus now
The difference :
Recent exodus wallet includes overview of the asset and price action with graphs which helps us to decide whether to buy or sell. The old one was very minimalistic and didn't have these features. Another recent feature is performance of the asset and the milestone. As you can see above, there is a line to indicate how much you have, starting from 1M to 6M and on.
As you can see above, it's minimalistic and easy to use. The wallet has variants of theme and colors that you can customize based on your own preference. Now it has Crypto apps included where you can easily find assets that helps you generate passive income, betting and earn interest.
Though three years ago, Exodus wallet has had plenty options. Now it has even more. There are about 100+ cryptocurrency assets. What is more interesting is the ability to earn passive income through staking.
Below is the example of it. You can stake ALGO and then calculate the profit based on how much ALGO you want to hold. So much has happened in three years as these options didn't exist then.
Despite of all these nice features, Exodus is still behind on security. They still didn't have 2FA enabled. The only second layer security they have is the 12 phrase. I think if they have these enabled, they could become the best software wallet there is.
Summary
Pros :
Sleek design
plenty cryptocurrencies options
User-Friendly
Multi-platform support
Ability to earn passive income from staking
Cons :
Higher fees with shapeshift exchange
Potential security issue, 3 years no 2FA implemented
~ Mac