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This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Do you have ideas or suggestions for changes? Then we look forward to your feedback! We make every effort to keep all metrics and information as up-to-date as possible. However, if you discover an error or outdated information, we would be delighted to hear from you.
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A wallet that is “open source” makes its software code public (e.g. on Github). Either the entire program code or at least significant parts of it are publicly accessible. This has the advantage that many parties can review the code and security gaps or other vulnerabilities are discovered and improved more quickly.
The so-called "private key" is a unique sequence of numbers and characters and the private key that gives you direct access to and control over your cryptocurrencies. The private key is used to sign transactions. In simple terms, it can be seen as a digital fingerprint that proves that you are the owner of the cryptocurrencies. If you store your cryptocurrencies on so-called "custodial wallets" (e.g. crypto exchanges), you are not the owner of your private keys.
The anonymity of “non-custodial wallets” is generally relatively high. However, there are differences between providers when it comes to collecting and storing user data. There can also be differences in the ordering process for hardware wallets as to which user data is stored and for what period of time
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
Some wallets offer an integrated trading function within the wallet to buy and sell cryptocurrencies directly. This functionality is usually made possible by a connection to the web interface of an exchange. The integrated trading function in wallets offers enormous advantages: cryptocurrencies can be bought in the same place where they are to be stored. The manual transfer of cryptocurrencies from an exchange to your own wallet is therefore no longer necessary, which can save time and money.
Multisignature wallets or multisig wallets are wallets that require at least two private keys to sign a transaction. This additional process makes it possible to greatly increase security against unwanted access, for example through personal threats. This security mechanism is particularly useful when storing particularly high assets.
If the hardware wallet or the device with the corresponding software wallet is lost or damaged, there is no need to panic. As long as you have your private key or recovery seed (also called “seed phrase”) in your possession, you can restore your wallet at any time. The recovery seed is a combination of 12-24 words and is the most common backup method for wallets. Important: Keep your recovery words and private keys secret and never share them with other people!
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The Exodus wallets stands out with its intuitive user interface and design. Users can easily and quickly exchange and purchase coins within the Exodus UI. Something worth mentioning is, that Exodus has an ongoing partnership with the hardware wallet provider Trezor, allowing for a seamless integration between the two. This combination ensures excellent interaction, merging Trezor's security with Exodus's user-friendly interface. This makes it a great choice for anyone looking to balance rich features, design, and extended security with the Trezor integration.
Exodus Wallet
Overview
Quick Facts
Exodus is one of the best designed wallets available. As one of the oldest software wallets, it is a pioneer in user-friendliness and design. The wallet offers many useful features, including an integrated trading function and compatibility with Trezor hardware wallets.
Informations
Pro's & Con's
- Intuitive user interface: Easy to navigate, even for beginners.
- Attractive design: Aesthetically pleasing and user-friendly.
- Integrated trading function: Quick and easy coin and token exchange within the app.
- Web3 browser extension: Facilitates interaction with decentralized applications.
- Seamless Trezor integration: Combines Trezor's security with Exodus's interface.
- Strong security features: Enhanced protection against hacker attacks through hardware and software integration.
- Not open source: The code is not publicly available for review, raising transparency concerns.
- Limited customer support: Some users report slower response times and less comprehensive support.
- Higher transaction fees: Compared to some competitors, transaction fees can be higher.
- No two-factor authentication (2FA): Lacks an additional layer of security that many users prefer.
Exodus Wallet
Hardware
Offer and features of
Exodus Wallet
Functionality
Unique Features
- Browser extension
- Compatibility with Trezor
- Integration of apps
Platforms
Our
Exodus Wallet
Review
Test Result
Conclusion
The Exodus wallets stands out with its intuitive user interface and design. Users can easily and quickly exchange and purchase coins within the Exodus UI. Something worth mentioning is, that Exodus has an ongoing partnership with the hardware wallet provider Trezor, allowing for a seamless integration between the two. This combination ensures excellent interaction, merging Trezor's security with Exodus's user-friendly interface. This makes it a great choice for anyone looking to balance rich features, design, and extended security with the Trezor integration.
Customer Reviews
/ 5 average rating from -- reviews
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Share your experience! Your review can help others make informed decisions. Let us know what worked well and what could be improved. Your feedback is valuable and will contribute to our community’s knowledge.
Exodus Wallet
User Reviews
Exodus Wallet users love it! It's sleek and super simple to use. Works like a dream on phones and computers too. Still, some enthusiasts want a few more ways to tweak it.
The Exodus Wallet has been praised for its range of uses. The wallet features a built-in online exchange where a diverse amount of cryptocurrencies can be stored.The feedback about the wallet is that it is fantastic that it has online exchange in it, It allows a vast variety of cryptocurrencies to be included,some customers were saying that they would like to have more analytical tools.
The Exodus Wallet carries numerous cryptocurrencies, such as Bitcoin or ethereum, but lacks support for less well-known ones. Some users request more ERC-20 tokens.
The Exodus Wallet is praised for its security measures, including the encryption of private keys on the user's device. However, there are also users who are concerned about the lack of support for two-factor authentication (2FA).
The Exodus Wallet is often described as particularly beginner-friendly. It offers easy setup and operation, which makes it a good choice for crypto newcomers. However, some users point out that despite the general user-friendliness, a certain training period is required.
Exodus Wallet support feedback is mixed. Some say service is fast, others say it's slow. Words include "unresolved" and "problems", quite frequent when looking at the reviews.
The Exodus Wallet gets good reviews. People like the way it looks. They like how it's easy to use, and how it has a lot of things to do. They like how it keeps safe most of the time. But there's no two-factor stuff in there. A lot of the people say things about it being easy for new users to work. And it'll help you if you ask for help too. Even so, these things don't all have good things to say. Some of them come out with good vibes. All in all, you kind of like it.
About
Exodus Wallet
Exodus Wallet
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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