Exodus – Manage cryptocurrencies on your device.

What is Exodus?

Exodus is a relatively new software wallet that was created in 2015 by JP Richardson and Daniel Castagnoli which allows you to manage and exchange all your favourite cryptos in one wallet. Even if you’re just a beginner with cryptos like Bitcoin etc, you would still be able to use this wallet effortlessly for getting into the crypto space.

It also offers great support, portfolio tracking, securing your wealth etc. With Exodus, you can manage crypto assets from your mobile, desktop or trezor hardware wallet securely. Exodus was originally available only on desktop, but is now also available for iOS and Android mobile platforms as well. This wallet gives out new releases every two weeks since it has started in 2015. Till now 200+ releases have been made across devices, mobiles and hardwares. Go to the end of this article to download Exodus.

Exodus Logo
Photo Credit – exodus.com

Pros and Cons of Exodus


  • 24/7 human support
  • Keeps your data private
  • Live charts and portfolio
  • Built-in exchange
  • Multiple crypto options
  • Advanced security
  • 100+ Digital Assets Available


  • Not fully open sourced
  • Few high fees

Connect your hardware wallet to Exodus

Exodus is compatible with Trezor Model T and Trezor Model One as the two companies formed an alliance. You can manage your Trezor wallet with Exodus.

Here’s how you do it.

  1. First, open Exodus. Then, go to settings and click on the Devices panel. After this, install Trezor Bridge in a Chromium-based Browser. A few examples of Chromium-based browsers are Chrome, Firefox, etc. You cannot download Trezor Bridge from Safari. There will be a ‘Detect Trezor’ toggle which should be turned on. If it isn’t, turn it on.
  2. Next, you have to initialise your device. You will get two options, they are – ‘Restore from secret phrase’ and ‘Create a new wallet’. Select ‘Create a new wallet’ and agree to the Terms and Conditions.
  3. Create your Pin Code.
  4. Now, the secret phrase of Trezor will be shown. This phrase is very important so you need to note it down. You should not store this digitally. Click ‘Confirm’ and then, to check if you have noted the secret phrase, you will have to confirm some of the words.
  5. You will be asked whether or not you want to connect your trezor. Click on connect and that’s it! You have successfully connected your Trezor hardware wallet to Exodus.

Transferring funds through Exodus and Trezor

To transfer funds from Exodus to Trezor and vice versa-

  1. Go to the Wallets panel and select the crypto you want to send.
  2. Click on the ‘Transfer Funds’ icon.
  3. Choose where you want to move your money from, Trezor or Exodus. You can then add a Personal Note, which is not mandatory.
  4. Select how much money you want to transfer – in USD or the currency you want to transfer.
  5. Click on transfer and voilà.

Exodus’ compound finance

In easy terms, compound finance allows you to lend or borrow crypto assets without the involvement of any third party middlemens where both the lenders and the borrowers get more profit from their crypto assets. If you are wondering how, this is because lenders earn interest and the borrowers gain access. One thing is that a lender does not directly lend to a borrower. Before this happens, you first have to lend it to the liquidity pool which will, without direct human control, match borrowers to the current assets available.

A liquidity pool is like a group of secured funds/assets in a smart contract. They are used to facilitate exchanges, lending etc and have many more purposes. For specific reasons, a set of rules are created and they are stored. These set of rules get executed automatically and don’t need anyone to imply them. These set of rules that run by themselves when a transaction’s made are called smart contracts.

Pros of Compound Finance

  • You can easily and quickly expand and increase your asset savings without the trouble of setting up and opening an account.
  • You can also quickly earn more returns on your savings than the usual average bank rate.
  • To earn, all you have to do is just decide how much DAI you want to deposit. It will say “You have -dash- DAI available to deposit”. You then have to click on the yellow outlined black button. You also can withdraw at any time. Now that you have successfully lent your DAI to Compound Finance you can wait to watch your balance rise!
  • You can also compare your potential earnings with Exodus and the average bank rate using the built-in calculator available. Click here to view the calculator.

Exodus’ wallet design

The Exodus software wallet is an amazingly designed and feature-rich cryptocurrency wallet, take a look at Exodus to view its features and design. With no doubt, the squad behind the Exodus Wallet has toiled hard to make and sketch this piece of software that is as straightforward to use as possible.The design is clearly very important and is one of the things that changed the look of this software. There are lots of themes to choose from. You can also change the color of the background on this wallet.

Cryptocurrencies available in Exodus

Exodus supports more than 100 assets in one application, making Exodus a very seasonable option if you are in boredom using just Bitcoin and want a multi-asset wallet where you can manage more cryptos like Ethereum (ETH), Tether (USDT). Here is a list of the main cryptos that Exodus supports.

Visit Exodus status for a full list of all the cryptos supported by this wallet as well as its status.

Disclaimer: Digital Wallets News does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions.

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