Top Pick — Our No. 1 Recommended Non-Custodial Crypto Wallet is Exodus.
Exodus is a self-custody (Private) crypto wallet. This means that you own the crypto in it and have control of the Private Keys – unlike a centralized crypto exchange or bank.
Exodus lets you use your crypto easily for day to day transactions. Send, receive, exchange and store over 180+ cryptocurrencies.
Exodus makes it easy for you to move some of your crypto offline and into cold storage (for maximum security) by integrating with Trezor hardware wallets.
Exodus is available as a desktop and/or mobile app. Download for free on Mac, PC, iOS and Android.
It’s easy to set up and use.
We think Exodus is probably the best looking crypto wallet available.
Whether this is your first “self-custody” crypto wallet and you’ll move your Bitcoin here from a centralized crypto exchange like Coinbase or Newton (Canada), or if you’re planning to diversify into Altcoins (and create a crypto portfolio) – Exodus has got you covered.
Easily the best crypto wallet for most people, most of the time.
Exodus is a great choice if you’re a new user, but that won’t be you for long. It’s important to know that you won’t outgrow it once you know what you’re doing.
This is a key point because once you get a crypto wallet set up, it will take a lot of time and energy if you decide to move everything over to new wallet (not to mention transaction fees). It might sound like a paid ad but Exodus keeps their products up to date and is as close to future-proof as anything we’ve seen in crypto.
Knowing that you’ve got all the key features in one place is highly recommended.
What makes Exodus so great?
Here’s 10 good reasons:
- Non-custodial, private keys are held by owner (that’s you)
- Easy to set up and use
- Private wallet (no KYC registration required)
- Desktop and mobile apps available (use both simultaneously)
- 200+ cryptos are supported (full list is here)
- In-wallet apps allow you to:
Earn rewards (Compound Finance)
Bet on major sporting events Eg. NFL, NHL, NBA (SportX)
Use FTX exchange to buy crypto with fiat
Set up Trezor (multi-factor cold storage wallet)
- Exchange cryptos directly within Exodus
- Stake and earn between 5 and 16% APY (Cardano, Cosmos, Solana, Tezos)
- Great user experience
- Nice looking visual design! (IMHO)
Still our most recommended crypto wallet.
Exodus lets you do everything that you’re likely to want with your crypto. It’s non-custodial, private, secure, easy to set up and use and it’s free. They even have cold storage covered.
For most people this is the one crypto wallet they can use for both day to day and secure long term HODLing.
Exodus is a private or “self-custody” crypto wallet.
This means you own the crypto you have stored in your wallet by controlling the Private Keys.
Centralized exchanges like Coinbase, Gemini, Cypto.com or Newton are not like this. They do offer to a way to buy crypto with fiat from your bank or credit card, but they act as a custodian of it, holding it on your behalf.
We’ve covered storage and ownership in more detail here FYI:
How to Store Your Crypto Securely
Easy to Set Up. Easy to Use.
One thing Exodus does really well is onboarding new users.
Once you’ve downloaded the desktop or mobile app, Exodus walks you through a simple step-by-step onboarding guide. It’s three steps that explain the main things you need to know (Receiving, Sending and Exchanging your crypto). In other words how it works.
Here’s what getting started looks like on the mobile app:
1 Receive crypto either by sending it to your Exodus wallet (yourself) from your exchange wallet (eg. Coinbase) or ask someone else to send some to you.
2 Send your crypto to someone else. You just need their wallet address.
3 Exchange one crypto for another without leaving the app.
What does it mean and why should we care?
As mentioned, it all comes down to this: if it’s your crypto, you are the only one in charge of it. If it’s stored on an exchange, then that exchange is the custodian and they hold it for you.
Private wallets does not require KYC (Know Your Customer) and they do not ask for or keep any information on their users. They don’t need your phone number, credit card or drivers license.
Central exchanges require KYC because they are dealing with banking transfers and fiat currency. This is subject to Anti-money Laundering (AML) laws, fraud prevention and other regulations that depend on where you’re located.
You can’t buy cryptocurrencies directly in Exodus. Instead you’ll have to send crypto to yourself. In other words transfer it to your Exodus (specific) wallet. This can come either your exchange account or from another crypto wallet.
Exodus does offer an integration with FTX Exchange.
Note: Exodus used to offer Apple Pay (via Credit Card), but apparently it’s no longer an option.
Desktop App or Mobile App?
The correct answer is both.
You can choose between these or use them together. Your accounts and balances will of course be mirrored. Both options are great and we don’t have a strong preference between them.
It depends on what you plan to do with your assets.
If you plan to HODL your crypto for the long term, is there really any reason to have it all on your iPhone? No. Probably certainly not. The Exodus desktop app with the Trezor integration probably makes sense for HODL mode.
Security Pro Tip:
You can set up a separate phone or laptop only for crypto — it doesn’t ever leave your house and it’s offline when not in use.
Pro Tip 2:
You can also set up multiple wallets in Exodus. For example, one could be for day to day use and have a small balance of Bitcoin, Another wallet connected to your Trezor might be where you have all your Cardano staked and held safely offline. You can even hide the Trezor from view in settings.
Store and Exchange Over 200 Cryptos
Exodus offers most of the coins that most people will look for if and when they decide to diversify their Bitcoin and Ethereum holdings.
Sure they might not support obscure GameFi tokens or the latest DOGE inspired meme, but for most people the selection of top coins covers their bases.
It’s constantly growing so check with their complete list of supported coins.
Note: Avalanche (AVAX) is now supported by Exodus.
Also, you can now send, receive, and exchange these:
LPT (ETH), VRA (ETH), API3 (ETH), COTI (ETH), FRAX (ETH), FXS (ETH), and ALCX (ETH).
Install the Exodus staking app and coins like ADA, ATOM, SOL and others will pay you a reward of anywhere from 5% to 12%. This gets added automatically to your balance every week or so.
Approximate earnings (APY):
ADA – 5%
ATOM – 15%
ALGO — 10%
SOL – 6%
This app offers a high (variable) interest rate on your crypto when you move it to DAI
Please note – As of May 19 2022 SportX is no longer available on Exodus.
Here’s what they have to say on the Exodus site:
“SportX has decided to move from the Polygon network to a standalone blockchain named SX chain. Because this new blockchain isn’t supported in Exodus, unfortunately we can’t continue to support the SportX app on Desktop.”
Integrates with your FTX account to give you more options and trading pairs. Read more about getting started with FTX in Exodus.
Trezor Cold Storage Integration
Multi-factor cold storage is the most secure way to store crypto. Consider moving some of even most of your crypto onto a hardware wallet and keep it safe and offline. You can also hide your cold storage wallet from view by default in Exodus.
Pro tip: Always use official links, secure sites, and buy anything crypto related directly from official sources (like Trezor.io)
Trezor Cold Storage Integration
Multi-factor cold storage is the most secure way to store crypto. Consider moving some of even most of your crypto onto a Trezor hardware wallet and keep it safe and offline. You can also hide your cold storage wallet from view by default.
Always use official links, secure sites, and buy anything crypto-related directly from official sources
Exodus doesn’t charge you fees to send, receive or store crypto. Instead they make money on the spread – when you exchange one crypto for another (amounts vary depending on the pair).
It’s great. Reviews of Exodus are overwhelmingly positive on the Apple App Store and Google Play — 75K total rating with and average of 4.6 stars.
I contacted Exodus to inquire about Polygon (ETH vs MATIC) and they got back to me quickly with a more comprehensive answer than I was expecting.
You can contact support by visiting Exodus.com and send a message or start off with their Knowledge Base and FAQs.
There’s no phone number for Exodus. If you happen to see one – please don’t call it.
Also, if you ever have to deal with a customer support rep on any app, wallet or site, you NEVER give out your password or worse yet your Recovery or Seed Phase.
Is it the most beautiful thing in the entire App Store? Who’s to say… but this is their updated logo and a few of brand standards if you’re into that kinda thing.
Read more: Exodus looks to the future with logo rebrand
Or watch this and see for yourself: