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Exodus

EXODUS GIVES YOU THE POWER TO

Secure, Manage, and Exchange cryptocurrency on desktop, mobile and hardware wallets.

Leadership

Exodus was founded in 2015 by JP Richardson and Daniel Castagnoli. JP brings the technical magic behind the scenes to Exodus. JP has published over 200 open source libraries and has written code in use by most Bitcoin and cryptocurrency software on the web today. On the creative side, from subtle sounds to smooth animations, Daniel oversees each detail of the Exodus creative process. Daniel is a master of emotional design and has designed experiences for Apple, BMW, Disney, Louis Vuitton and Nike.

Exodus

Exodus is a software platform ONLY and does not conduct any independent diligence on or substantive review of any blockchain asset, digital currency, cryptocurrency or associated funds.

You are fully and solely responsible for evaluating your investments, for determining whether you will exchange blockchain assets based on your own, and for all your decisions as to whether to exchange blockchain assets with Exodus.

In many cases, blockchain assets you exchange on the basis of your research may not increase in value, and may decrease in value. Similarly, blockchain assets you exchange on the basis of your research may increase in value after your exchange.

Past performance is not indicative of future results. Any investment in blockchain assets involves the risk of loss of part or all of your investment. The value of the blockchain assets you exchange is subject to market and other investment risks.

The page provides data about today’s value of one dollar in Bitcoins. The interactive form of the currency calculator ensures navigation in the actual quotations of world currencies according to “Open Exchange Rates” and displays the information in a graph.

The online converter will clarify the ratio between different currencies. For example, you can instantly convert 1 USD to BTC based on the rate offered by “Open Exchange Rates” to decide whether you better proceed to exchange or postpone currency conversion until better times.

The page also shows the dynamics of the exchange rate for the day, week, month, year, in graphical and tabular form. Statistics in diagrams and exact figures will help you track changes over different periods and conclude on the estimated rate of any currency against another.

In this video, I take you through one of my favorite desktop and mobile wallets, Exodus. I show you how to store, exchange, send and receive your cryptocurrencies using the wallet. Also how to connect and pair your Trezor hardware device for managing your assets securely.

Bitcoin Wallets

There are basically four (4) major types of bitcoin wallet. Users can choose what type of wallet depending on various criteria and purpose. Obviously the primary purpose of a typical bitcoin wallet is to store bitcoin. However some bitcoin wallet providers create the wallet to suit the desire of a user such as: Privacy, Security, level of control over wallet, fixed, modifiable or variable transaction fees, Transparency, speed of transactions, multi sig, and hardware.

The four major types or (classes) of wallets are:

Desktop wallets
Mobile wallet
Hardware wallets
Web wallets

The table below shows bitcoin wallets according to these four categories listed above.

Name	Android Mobile wallet	Apple Mobile wallet	Desktop wallets	Web wallets	Hardware wallet	More information
AMORY	No	No	Yes	No	No	Click here
BITBOX02	No	No	No	No	Yes	Click here
BITCOIN CORE	No	No	Yes	No	No	Click here
BITCOIN KNOTS	No	No	Yes	No	No	Click here
BITCOIN WALLET	Yes	No	No	No	No	Click here
BITHER	Yes	Yes	Yes	No	No	Click here
BITPAY	Yes	Yes	Yes	No	No	Click here
BLW	Yes	No	No	No	No	Click here
BRD	Yes	Yes	No	No	No	Click here
BTC.COM	Yes	Yes	No	Yes	No	Click here
COIN	Yes	Yes	No	Yes	No	Click here
COLDCARD	No	No	No	No	Yes	Click here
ECLAIR MOBILE	Yes	No	No	No	No	Click here
EDGE	Yes	Yes	No	No	No	Click here
ELECTRUM	Yes	No	Yes	No	No	Click here
KEEPKEY	No	No	No	No	Yes	Click here
KOINKEEP	No	Yes	No	No	Yes	Click here
LEDGER NANO S	No	No	No	No	Yes	Click here
MYCELIUM	Yes	No	No	No	No	Click here
OPENDIME	Yes	Yes	No	No	Yes	Click here
TREZOR MODEL T	No	No	No	No	Yes	Click here
TREZOR ONE	No	No	NO	NO	Yes	Click here
WASABI	No	No	Yes	No	No	Click here

Bitcoin Wallets

THE BASIC CRITERIA FOR SELECTING A BITCOIN WALLET

Control over Wallet: The main purpose of having a bitcoin wallet is to send and receive bitcoin at any given time and without restrictions of whatsoever. In other words, a user should have an indefinite control over wallet. Some bitcoin wallet doesn’t have full control over because of their terms and conditions of services. Hence third parties may freeze or take away funds if users breach their terms.
Privacy: Bitcoin is easy to use and individuals may prefer to keep their transaction secret or discrete so that people are not aware of their business. Most wallets with large sums of money are sometimes monitored in the Blockchain due to the influence it may have in the forex market. Thus, spying on transactions with IP addresses and locations of individuals may be done. However, some Bitcoin wallet provides try to make user experience a degree of privacy by the ability of users to create new bitcoin addresses or rotation of addresses. Some wallet providers also have a non disclosure of information to peers on the bitcoin network. In other to resolve location privacy, the use of TOR networks or PROXY to prevent others from associating transactions with IP address are used by some bitcoin wallet providers. Others may have low KYC (Know your Customer) requirements.
Transaction Fees: Bitcoin wallets have different transactions fees. Some charge for either sending or receiving Bitcoin. While others may have variable fees for sending Bitcoins according to priority in the blockchain. Some certain wallet providers have the ability to even modify fees after it has been sent to another wallet address for faster execution/ transfer thereby making transactions confirmed earlier within a given time.
Transparency: Bitcoin is electronic money and anyone providing a means to store, send and receive it must be transparent –That is – All source codes for the wallet application should be available for the public to check, verify and appraise. Some Bitcoin Wallet provides (e.g Coinomi) is not open source and third parties may view or even manipulate the bitcoin balance and transactions. It may also have an open gateway for hackers or intruders to have access to the wallet.
Security (Validation and second factor authentication): The safety of bitcoin in any wallet cannot be over emphasized. Some Bitcoin wallet providers provide only One factor authentication (e.g. Username and password to login) while other wallet provide two or second factor authentication (e.g. use of verification code gotten by text message, email or via an app on a mobile device such as Google authenticator to access wallet.

Furthermore, some wallet providers have the ability to validate on full nodes on the bitcoin network. Consequently, third parties are not needed for processing transaction. Caution however must be taken when selecting such network as some users have been complaining about huge data usage (e.g. 6GB a day) by such bitcoin wallets even on idle mode on daily bases. The reason is wallets that fully validate transactions and blocks on its own .

The other secondary requirement include:

Hardware Wallet: There are Bitcoin wallets that connect to external or internal hardware to function properly. This has a good security feature. It is also easy to use and ECO friendly. This is a good option if QR scanning is not needed to send or receive bitcoin.
SEGWIT and Bech32: SegWit is a new technological development. It uses blockchain space more efficiently. This also have a tremendous effect on the fees paid by making transactions. The Bech32 is a special address format by SEGWIT. A feature of this technology is the LIGHTNING NETWORK which supports transferring bitcoin without having to record each transaction on the blockchain. Hence faster transaction with lower fees.
Multi- Signature (MultiSig): Some bitcoin wallet providers support multiple signatures for transactions to be done. This is widely used for corporate entities that involve multiple parties owning a fund. The use of more than one key to authorize a transaction creates a layer of security for all parties involved.

Consequently, it is advisable to check all features before using any wallet. For more information, scroll above on list of available Bitcoin wallet.