Exodus is a non-custodial software wallet for desktop, mobile and browser, built by a publicly traded company: Exodus Movement, Inc. trades on NYSE American as EXOD, which makes it an SEC-reporting company. There is no charge to install it or hold assets in it. In our test, swapping ETH to USDT (an equivalent of $100) cost 0.98% against the market rate, including the network fee.

The wallet's core application is closed source, and no third-party firm has published a security audit of it. Exodus also does not show the network fee before a swap is confirmed, and does not display a transaction hash or block-explorer link once a swap completes; we had to look the transaction up on Etherscan ourselves to confirm what it actually cost.

Test passport

Every number in this review comes from one hands-on session on the Windows desktop app. Restoring an existing wallet stood in for first-time setup; we did not create a wallet from scratch, so seed-phrase generation and the initial backup flow are not covered here.

What we tested, and what we did not

We installed the Exodus desktop app on Windows, restored an existing wallet from its recovery phrase on that install, reviewed the Portfolio, Wallet, Swap, Send and Receive screens, ran one $100 swap from ETH to USDT, and looked up the resulting transaction on Etherscan. We also opened the Support section and noted what contact options it offers.

We did not test the mobile app, the browser extension, hardware-wallet pairing, staking, NFTs, or a fiat card purchase. Everything about the mobile app and browser extension below comes from Exodus's own documentation rather than hands-on use, and is labeled as such.

Exodus at a glance

Fees

Exodus's Terms of Use state directly that the company does not charge fees for use of the Software or the Exodus Pay Service, and that network (gas) fees and third-party charges are the user's responsibility and are not paid to Exodus.

The swap fees are not disclosed explicitly but included in spread. Fiat purchases route through third-party providers (MoonPay, Banxa, PayPal, Robinhood Connect, and the newer XO Pay powered by Coinme) whose fees, limits and KYC requirements are set by the provider, not Exodus.  

Setting up Exodus

Downloading and installing the Exodus desktop app for Windows from the Exodus Download webpage took less than a minute. 

Screenshot: Exodus Desktop App start screen

Step 1. Download and install

Download the app for your platform from exodus.com, or install the Exodus Web3 Wallet extension from the Chrome Web Store for browser use.  

Step 2. Create a new wallet

Open the app and select Create New Wallet.

Step 3. Back up the recovery phrase

Exodus generates a 12-word recovery phrase and displays it once.  

Step 4. Set a password

A password protects the wallet on that device. This is a local unlock mechanism rather than a backup — losing both the password and the recovery phrase means losing access.

Step 5. Optional: PIN or biometric lock

The app offers an optional 6-digit PIN or biometric unlock (fingerprint or face) as an additional device-level protection layer, separate from the password.

Restoring a wallet: what the interface showed

Restoring an existing wallet from its recovery seed phrase took less than a minute as well. During the process, the app displayed a warning that balances shown might be temporarily inaccurate while it synced. Once restoration finished, the wallet addresses matched and the balance displayed correctly.

Screenshot: Warning about inaccurate balances during the wallet restoring 

The start screen after setup shows a circular chart of the portfolio's total balance in USD. The main navigation includes Portfolio, Wallet, Swap, Buy and Sell, Staking, and NFTs, with History, Support and Settings as separate buttons.  

Screenshot: Exodus Wallet Home Screen

Sending and receiving

The Send screen shows the network, an address field, the amount to send in both the selected asset and USD, a maximum network fee, and the remaining balance after the transaction. 

Screenshot: Exodus Wallet Send Screen

The Receive screen shows the network, the receiving address, a QR code, an option to send the address by email, and a link to view the address on a block explorer.

Screenshot: Exodus Wallet Receive Screen

How to swap in Exodus

Step 1. Open Swap

Before a first swap, Exodus shows four onboarding screens covering asset selection, transaction speed, and one-click shortcuts. Only after dismissing those, and after explicitly consenting to a disclosure that swap services are provided by third-party providers rather than by Exodus itself, does the swap screen become available. 

Screenshot: an onboarding screen preceding a swap

Step 2. Choose the tokens and network

Users can pick a network from a drop-down list or type in the needed ticker. 

Step 3. Enter the amount and review the rate

Exodus wallet does not display the fee, only the amount to receive. 

Step 4. Click Swap

Proceed to swapping by clicking the Swap button.

What the swap in Exodus Wallet actually cost

We swapped 0.0531 ETH — worth $100 at the market rate available at the time — for USDT on Ethereum, at 09:15 UTC on August 13, 2026. 

Exodus did not display an estimated network fee before we confirmed the swap; the fee only became visible afterward, on Etherscan. The quoted exchange rate inside Exodus was 1,867.153 USD per ETH, against a market rate of 1,883.1 USD per ETH on TradingView at the same time — a gap of roughly 0.85%, which is where most of the swap's cost actually sits rather than in a separately labeled fee.

Screenshot: Exodus Swap Screen

Exodus estimated we would receive 99.1458 USDT. We actually received 99.1208 USDT, a difference of about a quarter of one cent from the estimate. After confirming, the app displayed that the swap would take 15 minutes or less; it completed in about 3 minutes. The completion screen showed only the amount received — no transaction hash and no link to a block explorer. 

Screenshot: Exodus Swap Screen

We located the transaction on Etherscan ourselves, where it showed a network fee of 0.000059 ETH (about $0.11) and a gas price of 0.1325 Gwei.

This is one swap on one day, not an average. The rate gap and the network fee both move with market conditions and congestion; treat the percentage below as a single data point rather than Exodus's standing price.

Screenshot: Amount received following a swap in Exodus

Can you buy crypto with a card in Exodus?

Not tested in this session. Exodus's own marketing and documentation describe fiat purchases routed through third-party providers — MoonPay, Banxa, PayPal and Robinhood Connect have all been named in secondary sources, alongside a newer in-house option called XO Pay, built with Coinme for identity verification and Worldpay for card processing.  

Screenshot: Buy Crypto screen

Beyond the wallet: cards, payments and tokenized shares

Exodus has more surface area outside core wallet functions. Two products go further than storage and trading. Exodus Card and Exodus Pay let a user spend crypto-backed balances with a debit card and earn cashback. Other features include:

   • XO Ramp — an in-house fiat on-ramp built with Coinme as the KYC/compliance and crypto-as-a-service partner, and Worldpay for card processing. Exodus is the merchant of record. Marketed as instant KYC without ID upload or a liveness selfie for eligible users.

    • Stake and Earn — lets users stake supported cryptocurrencies directly from their self custody wallet to earn rewards. Users can manage multiple staked assets and rewards in one place, with automatic restaking available for select assets. APY varies by asset and network conditions.

    • Wallet-as-a-Service — a business-facing toolkit for partners to embed Exodus wallet infrastructure, with its own fee/revenue-share model. Out of scope for an individual-user review but worth a one-line mention for completeness.

Supported networks and assets

Exodus supports a broad range of cryptocurrencies and tokens across 50+ blockchain networks. This includes native assets such as Bitcoin (BTC), Ethereum (ETH), and TRON (TRX), as well as tokens issued on supported Web3 networks.

A key part of its asset coverage is custom token support. If a token does not appear in Exodus by default, users can add it manually on supported networks.  

Asset availability is organized by network. Users can filter their wallet by blockchain on Mobile, Desktop, and the Web3 Wallet to see which assets are available on a particular network. 

Exodus also integrates with hardware wallets, although their asset coverage differs from the main Exodus wallet. Trezor support depends on the asset and device model. For example, Cardano and XRP are supported through Model T, Safe 3, and Safe 5, but not Model One. Trezor integration also supports custom Ethereum tokens.

What you can verify yourself

Exodus's core wallet application — the part that generates keys and signs transactions — is closed source. Exodus publishes a number of supporting libraries and SDKs (asset libraries, a cross-platform wallet framework called Hydra, a cryptography primitives library) under the ExodusOSS GitHub organization, individually licensed, but that does not extend to the application itself.

No third-party firm's audit report of the Exodus wallet was found. Exodus's own security page describes a manual, internal audit process applied to open-source dependencies before release, plus a bug bounty program run through HackerOne. That is a different verification profile from Rabby, Trust Wallet and Atomic Wallet, each of which has at least one dated report from a named audit firm on the public record.

Previous incidents

Four incidents surfaced in research. They differ enough in kind — a wallet-software patch, a device-level supply-chain attack, a corporate data breach, and a regulatory settlement — that collapsing them into a single "security history" line would misrepresent what each one actually was.

Where the interface confused us

• The swap completion screen shows only the amount received. There is no transaction hash and no link to a block explorer, so confirming what a swap actually did — and what it cost in gas — meant looking the transaction up manually on Etherscan.
• The estimated network fee for the swap was not shown before we confirmed it, only the estimated amount to receive. The fee itself only became visible after the fact, via the explorer lookup above.
• No option to add a second wallet or delete the existing one was found anywhere in the app during this session. If either exists, it was not surfaced in Settings, Wallet, or Support in a way we could find. A Help Center article advises to manually delete the wallet data folder from a device to ensure the complete removal of the wallet. 

Recovery test

We removed the app's connection to the previous install and restored the wallet from its existing 12-word recovery phrase on a fresh install of the Windows desktop app.

• Addresses matched: Yes
• Balance displayed correctly: Yes

Restoration took under a minute, with an on-screen warning that displayed balances could be briefly inaccurate while the wallet synced with the network. This test used an existing wallet rather than one created fresh for this review, so it does not cover the seed-phrase generation and initial backup flow a new user would see; that remains untested.

Support

The tested desktop app displays a Human support messaging option and an estimated response time of under one hour. That response-time figure is the app's own stated message, not a time we independently measured because the chat button was not actually active at the moment of testing. 

Screenshot: Exodus Wallet support screen

Strengths and limitations

Pulling together everything above into one place, before turning to who Exodus fits and what else is worth considering.

Strengths

   • Clean-install recovery reproduced the tested addresses and balance in under a minute.

   • A wider visible feature set: swap, buy and sell, staking, NFTs, and a card/payments product all had working entry points in the interface tested, rather than being announced but absent.

   • A live human-support chat option was found in-app.

   • Exodus Movement, Inc. is a publicly traded, SEC-reporting company (NYSE American: EXOD) 

Limitations

   • The core application is closed source, and no published third-party security audit was located.

    • The network fee for a swap was not shown before confirming it, and the completion screen showed no transaction hash or block-explorer link.

    • No option to add a second wallet or delete the existing one was found anywhere in the app during this test.

    • Supported assets, staking and transaction capabilities vary by device

Matching Exodus to how you use crypto

If you want one interface across desktop and mobile, with hardware pairing

Exodus covers that case directly, with Trezor on desktop and Ledger on mobile per its documentation. The tradeoff is the swap cost measured above and a closed core application.

If you want to verify the code you're running

Exodus is not the wallet for that. The application itself is closed source, and no third-party audit report was found.  

If you want a card and payments features alongside the wallet

Exodus Card and Exodus Pay are unique to Exodus, following its 2026 acquisition of Monavate and Baanx. Anyone considering that feature specifically should also weigh the litigation Exodus has disclosed over how that acquisition was financed.

Final verdict

Exodus's central claim — that it is genuinely non-custodial and cannot move a user's funds — held up in this review's one hands-on test: a restored wallet produced the correct addresses and the correct balance without incident. No third-party firm has published a security audit of the closed-source core application. The single swap measured here cost relatively higher and the app did not surface that cost without a manual lookup on a block explorer.

Against that sits a broader working feature set, a live support channel, and a level of corporate financial disclosure that comes from Exodus Movement being a publicly traded company rather than a private one. None of that resolves into a single number: which of these findings matters most depends on whether a given reader is optimizing for verifiable code, for swap cost, for feature breadth, or for the reassurance of a company that files with the SEC.  

Alternatives

• Rabby — if EVM-only coverage is acceptable. Rabby's extension code is open source with two published audits. Rabby has no Bitcoin, Solana or Tron support and no card product.

Rabby also runs a pre-signature simulation that shows what a transaction will actually do before the user signs, a screen Exodus's tested flow does not have; the closest equivalent in Exodus was the third-party swap disclosure shown once, before the first swap. Rabby has no fiat on-ramp in its extension at all, so it cannot serve as a first wallet the way Exodus can with XO Pay and its third-party providers, and it has no card product to match Exodus Card.

• Trust Wallet — broader asset coverage which looks closer to Exodus: Bitcoin, Solana and Tron sit alongside EVM assets, and it has a card on-ramp built into the app, similar in spirit to Exodus Card. Where it differs from Exodus is that Trust Wallet's browser extension carries a multi-incident security history.  
• Atomic Wallet — closer to Exodus in scope (multi-asset, in-app swap, staking) but with a documented history of a large-scale 2023 exploit. On support and account management, the two wallets share a limitation this review also found in Exodus: Atomic offers no wallet-deletion feature, log-out only, matching the missing add/delete option this review could not find in Exodus's own interface. Atomic's support is email-only, without the live chat this review found in Exodus.

Frequently asked questions

Is Exodus safe to use?

As a non-custodial wallet, Exodus states it cannot access or move funds. The wallet's own architecture has no documented breach in the incidents found during research; the closest incident, a 2022 local-caching bug in the browser extension, was patched and self-disclosed. The company itself has had a data breach and an OFAC sanctions settlement, both of which are compliance and corporate matters rather than wallet-security failures.

Is Exodus Wallet non-custodial?

Yes. Exodus is self-custodial, meaning users control their private keys and 12-word recovery phrase. Exodus states that it cannot access, freeze, or move funds held in the wallet.

Is Exodus Wallet free?

The core wallet is free to download and use, with no subscription required. Users still pay blockchain network fees when sending assets, while swaps can include costs through the exchange rate offered by third-party swap providers. In our one measured test of a 100 USDT to ETH swap the fee was 0.98% against the market rate, most of it embedded in the exchange rate shown rather than itemized as a fee.

Is Exodus open source?

Partially. Selected libraries and SDKs are published under the ExodusOSS GitHub organization. The core application that generates keys and signs transactions is closed source, and no third-party security audit of it was found.

Can I buy crypto with a credit or debit card in Exodus?

Yes, according to Exodus's documentation. Fiat purchases are handled through third-party payment providers and Exodus's XO Ramp infrastructure. Available providers, payment methods, fees, limits, and identity-verification requirements can depend on the user's location. We did not test a fiat purchase for this review.

Does Exodus support Bitcoin and Solana?

Yes, per Exodus's own documentation, alongside Ethereum, which this review tested directly.

Has Exodus ever been hacked?

No confirmed platform-wide breach of the wallet itself was found. A 2022 local-caching bug in the browser extension was patched; a 2025 data breach exposed user email addresses without keys or funds; and device-level supply-chain attacks in 2025 targeted users' machines rather than Exodus's code. See Previous incidents above.

Does Exodus support hardware wallets?

Yes, although support depends on the platform and device. Exodus documentation lists several Trezor models for desktop integration and selected Ledger and Trezor devices for mobile. Asset support can also vary by hardware-wallet model.

Sources

All links checked on August 13, 2026.

• Exodus official site  
• Exodus Terms of Use, last updated February 16, 2026  
• Exodus Privacy Policy 
• Exodus Security page 
• Exodus Knowledge Base  
• OFAC enforcement release, December 16, 2025 
• ExodusOSS and ExodusMovement GitHub organizations  
• Etherscan 
• TradingView