Getting into Crypto with Exodus wallet
Hello Steemians, I would like to share some of my early experience of getting into Crypto and how I stumbled across Exodus and some of the nice features the wallet has to offer. For many, this won't be new but for some it might offer different insight.
With Ethereum getting hype in 2017 and researching Blockchain for my spring capstone project. Ethereum, cryptocurrency as an ecosystem had yet to prove itself to me. It was so hard to know where to start it felt like I jumped into the middle of the ocean and I had no idea where the shore was. If I were to get into mining I only had the resources I had currently, I couldn't buy any new equipment. Mining Crypto was a curiosity and how bad could it be?
Getting first exposure to nanopool and dual Ethereum miners it left me confused. I needed a wallet of some kind, being a beginner I wanted a unified wallet I didn't want a wallet per coin each syncing with the blockchain to be able to use it. This was when I first found videos of Amanda from The Daily Decrypt and Omar from crypt0snews. Amanda went over the different unified wallets that were on the mobile and web wallets.
Omar went over wallets from in a security point of view, from Least to MOST Secure.
Without them I wouldn't have entered the crypto space, Many thanks!
.
Desktop hot wallets seemed to be best option to start, one with elegant design, many coins supported within one application, functionality was simple, techsupport staff, advance developer features were easy to enable and explore, easy way to backup and restore without syncing with the whole Blockchain. That wallet was was Exodus.
Image courtesy of Exodus.io
Now that I had a wallet with coins supported on Exodus I grabbed my Ethereum and Decred addresses and went back to nanopool for round two! I had no idea how to edit config files or start a miner. Usually my attempts it would freeze my computer and a forced restart was needed. Taking a break from crypto to work on my studies I eventually found Nicehash, it was great for beginners. Just needed to set my Bitcoin address run a benchmark to see what my hardware can mine and Ooh Mai Gosh! Why is my R9 290X running at 90C?!
At this point, I was scared to mine. I didn't know about overclocking tools to control fan speed, undervolt, change clock speeds (Wow I came a long way, I was able to get some Bitcoin and eventually moved away from nicehash to mine zencash before nicehash was hacked).
I was thinking, maybe it was safer to buy coins on coinbase. If I trade a bit maybe one day I'll afford a 1080 TI with my coin jar or it’ll flop (and that day finally came recently). At the time I didn't have accounts in Bittrex or Poloniex. Exodus was the best way to use shapeshift either built-in or send funds from coinbase to shapeshift and receive on Exodus. It was really nifty! Note: you may notice shapeshift is a bit pricer on Exodus than it is on the website but it helps fund the project.
Exodus has really grown, since release they added support for the following coins:
ASSET DATE SUPPORTED Bitcoin (BTC) Dec. 9, 2015 Litecoin (LTC) Dec. 9, 2015 Ethereum (ETH) Feb. 12, 2016 Dash (DASH) Apr. 8, 2016 Golem (GNT) Apr. 14, 2017 Augur (REP) Apr. 27, 2017 Decred (DCR) Jun. 22, 2017 EOS (EOS) Jul. 6, 2017 Aragon (ANT) Jul. 6, 2017 Gnosis (GNO) Jul. 20, 2017 OmiseGo (OMG) Aug. 17, 2017 Basic Attention Token (BAT) Aug. 31, 2017 Civic (CVC) Sep. 15, 2017 SALT(SALT) Sep. 25, 2017 Bitcoin Cash (BCH) Oct. 12, 2017 Ethereum Classic (ETC) Oct. 12, 2017 FunFair (FUN) Oct. 26, 2017 District0x (DNT) Oct. 26, 2017 Bancor (BNT) Jan. 19 2018 Bitcoin Gold (BTG) Jan. 19 2018 Edgeless (EDG) Jan. 19 2018 FirstBlood (1ST) Jan. 19 2018 Matchpool (GUP) Jan. 19 2018 Numeraire (NMR) Jan. 19 2018 iExec RLC (RLC) Jan. 19 2018 Status (SNT) Jan. 19 2018 WeTrust (TRST) Jan. 19 2018 Wings (WINGS) Jan. 19 2018 0x Jan. 19 2018 Source: http://support.exodus.io/article/96-exodus-wallet-roadmap
Compared to Jaxx wallet they don't have as many coins, but Exodus does extensive testing and has a public beta for any new coins they're trying to support. They really care for the user experience and want to maintain a quality product. I recently got a ledger but I still adore Exodus wallet. The wallet may not be opensource but so far the support staff have been really good to me and helped get my coins back when shapeshift got wonky when new coins were just added.
For people just starting out I would definitely recommend Exodus as a way of receiving funds and do some basic trades. Gradually get them into exchanges and mining, full wallet nodes and paper wallets. It's a gradual process and everyone gets into the space differently, it's definitely a life changing experience.
This was not an Endorsement from the Exodus team, I genuinely like their product
Great bit of information, I have heard of exodus wallet before but never looked in to it. After reading your review, I'm intrigued to saw the least. I'll be looking at Exodus closer.
I'm very very pleased I caught your interest, the public beta has a much larger list of coins including zcash and monero but support is very limited. The beta is called Exodus Eden
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