Setting up a Exodus Wallet (Hot Wallet)

Exodus: Simple and Easy Navigation

Exodus is a cryptocurrency wallet with an incorporated, decentralised cryptocurrency exchange. It offers 138 cryptocurrencies for crypto-to-crypto, peer-to-peer swaps. Users have total control over their assets.

Exodus navigation is pretty simple and easy to understand, the mobile app has only 3 categories: 

• Portfolio – See an overview of all of the cryptoassets you’re holding (as seen in the picture above). Also shows price graphs for different assets. 
• Wallet – Send or receive specific coins. 
• Exchange – Exodus has a built in exchange that allows you to trade between cryptocurrencies without ever leaving the wallet.

The desktop app includes all of the above, plus these additional tabs:

• Backup – Allows you to restore your wallet password or your wallet’s seed phrase. 
• Settings – Security and design tweaks to your Exodus wallet. 
• Help – Watch videos, FAQ, join a Slack chat or email support. 
• App Explorer – The app explorer has a featured app section that makes it easy to find and use crypto apps within the Exodus wallet. These apps can be used for earning interest on your coins, betting and more.

When you use Exodus, the private keys to your cryptocurrencies are stored on your device (desktop or mobile). Additionally, Exodus is a lite wallet so you won’t need to download the whole Blockchain to your device, making the initial setup pretty quick.

Exodus is currently compatible with Mac, Windows, Linux, iOS, and Android. You can also pair your desktop and mobile wallets together so you’ll have control over your funds from both devices.

The wallet is also compatible with TREZOR hardware wallets, allowing you to use the sleek Exodus interface with the robust security of a hardware wallet.

Metamask is the most common wallet for deFi integration, it gives you control of your own funds, but also allows you to connect to other deFi platforms like DEX exchanges or loan platforms.

MetaMask is one of the leading crypto wallets, and aims to be the gateway to the world of Web 3, decentralised finance (DeFi) and NFTs.

First, you’ll need to download and install the official Metamask extension/addon for your browser; either the Google Chrome extension or the Firefox addon depending on your browser.

Once installed, you should see the below splash screen. Click the ‘Get Started’ button to begin creating your Ethereum (or other chain) wallet using MetaMask.

You then “create a wallet”, pick a password, and then you will be presented with your 12-word backup phrase. You’ll need to write this down in the same order displayed on your screen. This will be needed to recover your wallet should you ever lose access to your computer, and should be kept stored somewhere safe. Anybody who has access to your 12-word backup phrase will have access to the funds in your MetaMask wallet, so keep it private.

Conclusion

Exodus stands out as a versatile and user-friendly cryptocurrency wallet and exchange, offering a seamless experience across both desktop and mobile platforms. With support for 138 cryptocurrencies and a built-in exchange, it provides users with total control over their assets, making crypto management straightforward and secure.

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