Despite the fact that crypto has become popular and people show interest in investing in it. Most of the people don’t know which platform is best suited to them and how to use exodus wallet when it comes to starting a crypto investment. In this blog, we will provide information about Exodus wallet and how to use it. Everything we share will help you better understand the Exodus wallet.
What is Exodus?
In the Exodus wallet users have access to a desktop-based digital asset management system for storing, managing, and exchanging cryptocurrencies. It is available in three versions: Windows, Mac OS, and Linux.
Founded in mid-2015, Exodus was develop by software developer Daniel Castagnoli and entrepreneur J.P. Richardson and it was launch in July 2016. Because of its simple design and clean interface, the wallet is consider one of the most digital asset management platforms.
Simple Steps to Use Exodus Wallet:
Here are a few simple steps to be follow that can help you to get start with the Exodus wallet. These are very simple steps. All you need to do is follow the process very , so that you can get to know how to use Exodus wallet or exchange.
Step1 : Install Exodus Wallet on Smartphone
As shown in the photo below, you should land on the “MOBILE” section of Exodus’ download page where two options are display. Click on the option appropriate for your phone. Once you download the app then move to the next step.
Step2 : Receive crypto using Exodus wallet
On the left, select “Wallet”, then from the list that appears. Choose the crypto for which you wish to receive payment, and whose address you want to know. Take, for example, Bitcoin. In the case that your crypto is not listed, scroll down to the bottom, and you will see a button that says “+ Add More”. The new screen will allow you to add the missing crypto by clicking on it.
The Bitcoins that you have will be displayed along with the corresponding dollar value and the sending and receiving buttons as soon as you find your crypto and click on it.
Select “Receive” from the menu. Your address (or public key) for the cryptocurrency in question is a series of characters you see on the screen. Which resembles an IBAN number on a traditional bank account. Additionally, the QR code represents your address as a flushable image. There is nothing to worry about, if you want to receive payments in this cryptocurrency, (in this case Bitcoin). You’ll have to supply the address to the person who will send it to you.
It is now necessary for you to copy and paste this address to send it to the person who wishes to send you funds. Click on your address to copy it. This avoids you from having to repeat the process. Ctrl + V on the This address must now be copy and pasted to the person who wants to send you funds. Click on your address to copy it. operations for each crypto for which you must receive payment.
Step3 : Send Crypto From Exodus Wallet
The wallet will be display on your home screen when you Use Exodus Wallet.
You’ll be proven a listing of crypto which you may need to get hold of. Tap the crypto who will get hold of and it’ll decide the address you’ll know.
There will also be an sign of the current price, the amount you have, and the dollar value of the item.
Your address to receive the crypto you select can be found by tapping the up-arrow on the left side.
You can input the quantity you need to send, or click on “Half” or “All” to ship 50% or 100% of your to-be-had crypto.
Tap on “Done” to confirm.
Next, enter the recipient’s address. To avoid errors, copy the address and paste it into the bottom field. Click ‘Next’.
Confirm the transaction with the aid of sliding your finger as proven in your screen.
Read Also: How to Install Exodus Wallet?
As well as this, Use Exodus Wallet has a quality customer support team that can answer any questions you might have. Since Exodus is a bigger company than most cryptocurrency wallets, Exodus customer Support advisor are able to provide more assistance than most. There 24*7 customer support always ready to solve your query or in any case if you get stuck while using exodus wallet. You can simply contact their customer support. Apart from that you can contact them through chat support or you can call them.
There have been a number of cases where people have been scam after downloading fake Exodus wallets on Google Play. In this case, Exodus is not at fault, but you should be extra careful when you download Exodus software. You should double-check that Exodus is downloading from the right location and remember that you will never be asked for your 12-word backup seed phrase.
Things You Need to Know When Starting With Exodus Wallet:
You are responsible for ensuring that the private keys or recovery phrases are safe. Exodus is a hot wallet and so connect to the internet.
In addition to being convenient and providing a high level of security, it is also a fast and convenient way to store your coins. If you are looking for a long-term storage solution, yet, you might consider a cold wallet.
A limited number of apps are available. There is only one way to access an exchange (FTX), an NFT marketplace (internal Solana marketplace). And a decentralized finance (Defi) platform (Compound).
There are only three types of money that you actually control: cash, gold, and Bitcoin. Cryptocurrencies offer the greatest security, but only if you keep them in your own crypto wallets.
If the money you store on an exchange is not 100% yours; it’s like keeping your money in the bank. Some digits on a screen can tell you how much you have, but the powers-that-be could take it away at any moment. You can control your own money with a Bitcoin wallet because Bitcoin is suppose to allow you to be your own bank.
Exodus wallet offers good value for beginners because of its ease of use and basic functionality. If you’re looking for a crypto wallet that’s easy to use and an exchange that’s, then Exodus would be the best choice for you. Apart from that. We’ve share the complete process of how to use the Exodus wallet and we’ve shared everything about the crypto wallet which is very informative for you. Hope you like this simple and details information that we’ve shared with you. If you still face any problems of your Exodus wallet then you can contact Exodus customer support. They’ll definitely help you and solve your query as soon as possible.