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Investing » How to Set Up & Use Exodus Wallet? Top Features & Live Examples

How to Set Up & Use Exodus Wallet? Top Features & Live Examples

Exodus Wallet lets you store, trade, and earn on your crypto—see how to get started and use its most powerful features smartly.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025
The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.
Author: Baruch Mann (Silvermann)
Interest Rates Last Update: April 1, 2025

The banking product interest rates, including savings, CDs, and money market, are accurate as of this date.

We earn a commission from our partner links on this page. It doesn't affect the integrity of our unbiased, independent editorial staff. Transparency is a core value for us, read our advertiser disclosure and how we make money.

The information provided on this website is for informational and educational purposes only and does not constitute financial, investment, or legal advice. We do not provide personalized investment recommendations or act as financial advisors.

Exodus Wallet is a beginner-friendly crypto wallet that lets you safely store, manage, and exchange over 300 cryptocurrencies in one place.

It works as a desktop and mobile wallet and includes a built-in exchange and NFT support. Because it is non-custodial, you stay in control of your private keys.

Because it’s designed for ease of use, it’s great for people new to crypto who want a secure and visually simple way to manage their assets, without the need for complex setups or hardware.

How to Set Up & Use Exodus Wallet

Getting started with Exodus Wallet is simple. You just download it, write down your recovery phrase, and you’re ready to manage your crypto.

Exodus supports a wide range of cryptocurrencies and tokens with a sleek, user-friendly dashboard. You can view your portfolio and switch between assets easily.

Here’s what you can do with this feature:

  • Manage hundreds of assets: Store Bitcoin, Ethereum, Solana, and many others in a single wallet.

  • View live portfolio charts: See your asset values update in real time, making it easy to track performance.

  • Use across devices: Sync your portfolio between desktop and mobile apps with one secure backup phrase.

This feature helps investors diversify and keep track of everything in one secure and attractive dashboard. Whether you’re holding long-term or actively swapping coins, Exodus makes it convenient.

You can swap cryptocurrencies directly within the wallet, with no need for external exchanges or KYC for many pairs.

Here’s how this makes trading easier:

  • Instant swaps: Exchange one coin for another in seconds—like ETH to SOL—without leaving the app.

  • No account required: Most trades don’t need ID verification, which keeps things private and simple.

  • Multiple exchange providers: Exodus connects to different swap providers to offer competitive rates.

This tool is helpful for traders who want quick access to market opportunities without dealing with traditional crypto exchanges or long wait times.

swap coins, Exodus Wallet
Swap coins, Exodus Wallet

Exodus allows you to view, send, and receive NFTs, especially on the Solana and Ethereum networks, directly from the wallet.

This feature is useful for NFT collectors:

  • Display and organize NFTs: View your digital art or collectibles with rich visuals inside the wallet.

  • Send NFTs easily: Transfer NFTs just like coins, with simple address input.

  • Secure ownership: Because it's non-custodial, you hold the keys to your NFTs, not a third party.

Collectors and Web3 users can manage their assets and identities without needing a separate wallet or app for NFTs.

You can stake coins like Solana or Cosmos directly from Exodus to earn passive rewards over time. Here’s what staking looks like in Exodus:

  • Easy access: Staking is just a few clicks from the wallet’s main screen.

  • See real returns: You can view estimated APRs and projected earnings.

  • Claim rewards: Rewards are claimable and trackable directly in the wallet.

This is perfect for long-term holders who want to earn extra income without actively trading. As a result, you grow your assets while staying in control.

staking on Exodus Wallet
Staking on Exodus Wallet (Screenshot taken by our team)

When you set up Exodus, you’re given a 12-word recovery phrase. This phrase restores your funds if your device is lost or stolen.

Here’s how this keeps your assets safe:

  • No account needed: There’s no sign-up; just write down the phrase and keep it safe.

  • Works across devices: Use your phrase to restore the wallet on a new phone or computer.

  • Private key access: You can export your private keys if needed, giving you full control.

This system is ideal for investors who prioritize privacy and security. As long as you have the phrase, your crypto stays safe—even if the device is gone.

connect, sync, backup, Exodus Wallet
Connect, sync, backup, Exodus Wallet (software wallet)

Exodus recently added a built-in App Hub, allowing you to connect with decentralized apps (dApps) directly from the wallet.

This opens the door to more crypto utility:

  • Access DeFi tools: Use protocols like Compound, Aave, or Uniswap without leaving Exodus.

  • Browse dApps safely: Apps are vetted and categorized inside the wallet.

  • No browser extensions needed: Skip MetaMask-style extensions and just use Exodus natively.

Traders and Web3 users can engage with the broader blockchain world easily. It’s a smoother entry into DeFi, NFTs, and DAOs—all from one place.

web3 options on Exodus Wallet
Web3 options on Exodus Wallet (Screenshot taken by our team)

Exodus doesn’t just show current balances—it tracks your portfolio’s value changes over time. This gives investors helpful insights:

  • Line chart performance views: See how your total holdings have grown or declined.

  • Breakdown by asset: View percentage changes and historical values per coin.

  • No login needed: Your data is stored locally, not sent to a server.

This is perfect for users who want to track long-term performance and get a sense of how their investment strategy is playing out without using spreadsheets.

portfolio, Exodus Wallet
Portfolio, Exodus Wallet (Screenshot taken by our team)

You can use Exodus across mobile, desktop, and even browser extensions, all linked securely with one backup phrase. Here’s how it helps with flexibility:

  • Sync instantly: Restore your wallet across multiple devices using your 12-word phrase.

  • Same interface everywhere: Whether on your phone or PC, Exodus feels consistent.

  • Stay connected on the go: Start a transaction on desktop, finish it on mobile.

This is great for active investors who want full access wherever they are—without sacrificing privacy or security.

Common Mistakes to Avoid When Using Exodus Wallet

Even though Exodus is simple to use, some easy-to-miss mistakes can put your crypto at risk or limit your experience.

  • Not writing down your recovery phrase: If your device crashes or is lost, you can’t get your crypto back without this phrase.

  • Sending coins to the wrong network: Always double-check the network before transferring. For example, sending ERC-20 tokens to a Solana address will result in permanent loss.

  • Forgetting to update the app: Skipping updates can leave you exposed to bugs or security gaps that have already been fixed.

  • Using public Wi-Fi for transactions: It’s tempting, but not safe. Always use secure internet when accessing your wallet.

  • Not researching supported assets: Some tokens may show up but can’t be exchanged or staked in-app. Know the limits before transferring.

By avoiding these common issues, you can protect your crypto and make the most of what Exodus Wallet offers—without unwanted surprises.

FAQ

Exodus doesn’t charge extra fees for transactions, but you’ll still pay the blockchain network fee, which varies based on activity.

Yes, through the App Hub, you can access Uniswap and other decentralized apps (dApps) without needing a browser extension.

It can be used for large balances, but pairing it with a Trezor hardware wallet is safer for long-term, high-value storage.

Yes. You can sync your wallet across desktop and mobile by restoring it with your 12-word recovery phrase on each device.

If you’ve saved your recovery phrase, you can reinstall the app and restore your wallet. If not, you may lose access.

Exodus doesn’t handle fiat currency. To cash out, you’ll need to transfer crypto to an exchange that supports bank withdrawals.

Updates are available through the official Exodus website or app store. Never download updates from email links or unknown sites.

Exodus offers CSV export tools for transaction history, which you can upload to tax platforms like CoinTracker or Koinly.

Picture of Baruch Mann (Silvermann)

Baruch Mann (Silvermann)

Baruch Silvermann is a financial expert, experienced analyst, and founder of The Smart Investor.  Silvermann has contributed to Yahoo Finance and cited as an authoritative source in financial outlets like Forbes, Business Insider, CNBC Select, CNET, Bankrate, Fox Business, The Street, and more.
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This website is an independent, advertising-supported comparison service. The product offers that appear on this site are from companies from which this website receives compensation. This compensation may impact how and where products appear on this site (including, for example, the order in which they appear).

This website does not include all card companies or all card offers available in the marketplace. This website may use other proprietary factors to impact card offer listings on the website such as consumer selection or the likelihood of the applicant’s credit approval.

This allows us to maintain a full-time, editorial staff and work with finance experts you know and trust. The compensation we receive from advertisers does not influence the recommendations or advice our editorial team provides in our articles or otherwise impacts any of the editorial content on The Smart Investor.

While we work hard to provide accurate and up to date information that we think you will find relevant, The Smart Investor does not and cannot guarantee that any information provided is complete and makes no representations or warranties in connection thereto, nor to the accuracy or applicability thereof.

Learn more about how we review products and read our advertiser disclosure for how we make money. All products are presented without warranty.