Crypto King

2023/12/29 06:23

Exodus is a non-custodial and multi-functional wal

Exodus is a non-custodial and multi-functional wallet that works for Solana as well as many other networks.

The Solana Wallet Adapter is integrated with the Exodus Mobile app, allowing users to connect their Solana decentralized applications (dApps) to their wallets or access a vast sea of dApps from several blockchain ecosystems.

It is accessible on desktop, mobile, and browser applications, supporting functionalities like token staking and swapping. Exodus announced its support for Solana in late 2020, and all their desktop, mobile, and hardware crypto wallets inherently support the SOL token.

When utilizing Solana on Exodus, users can expect the following fees:

Staking Fees: No fees for staking Solana, but a 0.00005 SOL fee for unstaking, deducted from the minimum balance.
Solana Pay Fees: Transactions on Solana Pay have a low fee of 0.00005 SOL, equivalent to less than a penny.
Exchange Fees: A small fee applies to cryptocurrency exchanges within the wallet, with the exact percentage unspecified.
Pro tip: unlike the other wallets, Exodus has its own staking validator called Everstake. This means staking assets is a more direct process instead of choosing between dozens of validators.

The cons: like other wallets, it uses a 12-word seed phrase and has no 2FA. In other words, more security measures equal more safety in the long run.

Exodus key features summary:

Staking: yes
Swap: yes
Interface: mobile, desktop, browser extension
HD wallet integration: yes — Trezor
Other chains supported: Bitcoin, Ethereum, Polygon, Solana, and Cardano 

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