Exodus first came out as a desktop wallet that emerged into the market in 2016. It is the first desktop wallet to be fully compatible with ShapeShift, a crytocurrency exchange. It stores over 70 cryptocurrencies and 33 ERC-20 tokens.
Like all desktop wallets, all digital currencies are held on the computer device. The entire blockchain doesn't have to be downloaded to the computer because Exodus is a lite wallet.
Exodus now provide users with a hardware wallet as well through a collaboration with Trezor Wallet. Exodus offers charts and graphs for best user experience. It is also easy to use for new traders who never used an exchange before.
The software is free to download and use. They do however charge a small fee every-time a transaction is processed. The fees are not kept by Exodus, but to the blockchain instead. Exodus makes money by taking small portions of the spread on major assets, usually around 1-3%.
Exodus as a company does not store any sensitive data about your wallet. With the power of controlling your own bank, comes the added responsibility of protecting your bank.
Exodus + Trezor - The new hardware wallet experience. Exodus is designed for people who have never used an exchange. Buy and sell one cryptocurrency for another from the comfort of your wallet, in seconds - no registration needed.
Exodus supports over 70 cryptocurrencies and 33 ERC-20 tokens.