Exodus Wallet is your digital wallet where you can exchange your cryptocurrency and store it. This is one of the best ones for beginners, so if you are not that familiar with it, it is definitely great to start with something like this.
It’s very simple and basically you hardly need to know anything just some of the basics which we will talk about here too.
It has access to over 150 assets. While the wallet’s wide range of features make this a viable option for just about anyone, it is suited for beginning crypto investors.
Then your wallet does what the other various crypto wallets do, only a little more simplified. You can send cryptocurrencies from it and also exchange them for others. You can also buy different crypto as you choose.
Of course, there are also various charts on price trends and more. About how different cryptos are evolving and if they are falling or rising and other various information.
The environment is also very light so anyone starting out shouldn’t get lost in it. The main stuff is basically right in front of you and you can just ride through whatever comes to mind.
Many reviews speak very positively about it and for beginners it is one of the best options and maybe that is why it is so well written about. So if you want to invest and are just starting out, this is the one for you.
Another recent feature is the ability to sell, buy, receive and send Non Fungible Tokens (NFT) within the Exodus NFT marketplace.Users should know that Exodus supports NFT transactions on the Solana network, a minimum reserve of 0.01 SOL will be required to successfully complete an NFT transaction. It is even available on mobile and PC versions of the app.
Make sure that the address you send money or cryptocurrency to is correct so that you don’t send crypto to someone else’s wallet and lose any tokens you send.
Exodus does not have access to your assets or private keys. The wallet’s non-custodial framework means that all storage and encryption takes place on the user’s hard drive, not on the Exodus platform.
Users acces their account via password and for recovering you just have to remember a 12-rod recovery phrase or save it somewhere. Users can also secure their assets offline, Exodus has partnered with Trezor to allow users to manage their assets from the Trezor hardware wallet.
With the hardware wallet connected to Exodus, users can exchange, send and receive assets while maintaining their private keys and assets offline.
But be sure to create a very strong password that someone can’t crack, because if someone gets through your password, they’ll get your cryptocurrency and they’ll be able to do whatever they want with it, and you’ll probably never find out who it was.
You need to have a very long and relatively random password which will take a long time before a hacker breaks it. It’s very well known that different generators are created and you change your password at different intervals, thus reducing the likelihood of someone hacking in.
Since usually your password is detected by different programs that try different variations and if the variation changes so it is possible that the variation has already been tried and so the program thinks the password is different and so does not try the variation anymore.