Exodus is a multicurrency cryptocurrency wallet with an attractive interface, providing convenient storage, sending, and exchanging of various cryptocurrencies. It allows users to manage their digital asset portfolios, exchange them within the wallet, and access various tokens and coins. The wallet does not possess full decentralization and may have limitations in supporting specific coins/tokens.
Security
The security principles in the Exodus wallet include:
- Private keys are stored locally on the user's device, meaning they never leave the device and are not transmitted over the network.
- Access to the wallet is protected by a password that encrypts data, preventing unauthorized access to assets.
- A recovery seed phrase is provided to restore access to the wallet in case of device loss.
- Exodus provides software updates to enhance security and address vulnerabilities.
- Security services from partners are utilized for cryptocurrency exchanges within the wallet to ensure secure exchange operations.