Exodus

The Exodus Portfolio overview.

The app Exodus is in my humble opinion one of the easiest to use and best looking wallets to store your blockchain assets in a controlled, local environment. The team of Exodus has taken great steps into making it as simple as possible for the user, while sporting a great looking app and storing all data local instead of on an online exchange.

Portfolio

The main function of Exodus is that is acts as a portfolio of your blockchain assets. It can store various tokens such as Bitcoin, Ethereum, Litecoin and a number of others. The portfolio overview shows all your assets in a total value and the spread across the various assets. The currencies available are USD, EUR, GBP and CAD. From the developer menu you can alter the currency it uses, as well as what prices from which source to use (CoinMarketCap.com and CryptoCompare.com)

GUI

Exodus is by far the best looking wallet app out there and a welcome change from the various wallets with a half-decent GUI for a single coin. Exodus has designed a way for the average user who is not a coder to interact with blockchain assets and for example invest a little.

The Exodus Wallet overview for each asset.

Wallets

Exodus combines a wallet for each type of token, so there is a wallet for Bitcoin, a wallet for Ethereum, etc. The best thing of these wallets in Exodus is that they are local only. They are not based on some centralised online platform where in some infamous MtGox style your assets will go M.I.A.

Sending and receiving tokens as made easy directly from the wallet. Copying your wallet address is done with a button, using QR codes and also viewing the actual entry in the blockchain.

Various coins

The coins that are currently available within Exodus are:

  • Augur
  • Bitcoin
  • Dash
  • Decred
  • Dogecoin
  • Ethereum
  • Golem
  • Litecoin

At the moment the wallets can only be used to hold the assets, though I think staking with for example Decred will be possible in the future.

The Exodus Exchange, a slick implementation of Shapeshift directly in the app.

Exchange

What would asset management be without a way to exchange one asset for the other? Luckily Exodus has implemented Shapeshift for all your exchanging needs. Got some Bitcoin you want to exchange for Golem? The exchange tab in Exodus makes this easy!

Roadmap

There is a roadmap stored in this blogpost with details on future expansions. The list looks promising with some great assets in the roadmap, though what is currently supported is already quite a lot. A notable entry on the roadmap is the option for hardware wallets though. Exodus is aiming for people who have invested large or substantial sums in their assets, want to store the assets In a local wallet on their own machine and the hardware wallet addition will certainly boost security even more.

Conclusion

All in all, I think Exodus is the best wallet out there for those starting out in blockchain assets because of the sheer simplicity the app offers. From a security perspective the app will also appeal to the more experienced investor in blockchain assets.

As with all blockchain assets and investing in them, it is worth repeating these generic warnings:

  1. Never invest more than you can afford to lose.

  2. Keep your wallet secure, never hand out your private keys or the seed-phrase for the back-up.

  3. Keep your machine security up to date.

Such a user friendly app with a high standard for security and it is available on all big platforms. You can download it from the Exodus.io website.