Electrum vs Exodus Comparison

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When it comes to choosing a cryptocurrency wallet, there are plenty of options available. Electrum and Exodus are two popular wallets that offer users a range of features and benefits. In this review, we'll compare Electrum and Exodus in terms of security, ease of use, supported cryptocurrencies, and more.

Security

One of the most important considerations when choosing a cryptocurrency wallet is security. Both Electrum and Exodus take security seriously and offer various measures to protect users' funds.
Electrum is a desktop wallet that allows users to store their private keys offline. This means that even if a user's computer is hacked or compromised, their private keys remain secure. Electrum also supports multi-signature transactions, which require multiple signatures to authorize a transaction, further enhancing security.
Exodus, on the other hand, is a software wallet that encrypts users' private keys and stores them locally on their device. Exodus also allows users to back up their wallet with a 12-word passphrase, which can be used to restore their wallet in case their device is lost or stolen. Additionally, Exodus supports two-factor authentication (2FA) for added security.

Ease of Use

Another important factor to consider when choosing a cryptocurrency wallet is ease of use. Both Electrum and Exodus aim to provide users with a straightforward and user-friendly experience.
Electrum's interface is simple and intuitive, making it easy for users to send and receive cryptocurrency. Electrum also offers a range of advanced features, such as support for multi-signature transactions, making it a good option for more experienced users.
Exodus has a visually appealing interface that is designed to be user-friendly, even for those new to cryptocurrency. The wallet's dashboard provides users with an overview of their portfolio, and transactions can be easily initiated with just a few clicks.

Supported Cryptocurrencies

The number of cryptocurrencies supported by a wallet is an important consideration for those looking to store a diverse range of assets. Electrum and Exodus both support a variety of cryptocurrencies.
Electrum supports Bitcoin, Bitcoin Cash, Litecoin, Dash, and more. It is important to note, however, that Electrum only supports Bitcoin-related cryptocurrencies, so users looking to store other types of assets may need to look elsewhere.
Exodus, on the other hand, supports over 100 different cryptocurrencies, making it a more versatile option for those looking to store a diverse range of assets.

Fees

Transaction fees are another important consideration when choosing a cryptocurrency wallet. Electrum and Exodus both charge fees for transactions, but the amount can vary depending on a range of factors.
Electrum's fees are calculated based on the size of the transaction in bytes. This can make it difficult to predict the exact fee for a transaction, but users can choose to adjust the fee manually to ensure their transaction is processed quickly.
Exodus charges a dynamic fee that is calculated based on the current network congestion and the size of the transaction. Users can also choose to adjust the fee manually to prioritize transaction speed or reduce fees.

Customer Support

Finally, it's important to consider the level of customer support provided by a cryptocurrency wallet. Both Electrum and Exodus offer customer support through their websites, but the level of support may differ.
Electrum provides users with a comprehensive FAQ section and a support email address for technical issues. However, support response times may vary, and there is no phone or live chat support available.
Exodus offers a similar level of support, with a detailed FAQ section and a support email address. However, Exodus also provides users with live chat support through their website, which can be a helpful feature for those experiencing technical issues.

Conclusion

Overall, both Electrum and Exodus are solid options for those looking to store their cryptocurrency securely. Electrum's offline storage and support for multi-signature transactions make it a good choice for more experienced users, while Exodus's user-friendly interface and support for over 100 cryptocurrencies make it a versatile option for both beginners and more experienced users.
When it comes to security, both wallets offer measures to protect users' funds, but Electrum's offline storage provides an extra layer of security that may be appealing to some users. However, Exodus's ability to back up a wallet with a 12-word passphrase and support 2FA also offer strong protection against potential security breaches.
In terms of ease of use, both wallets are straightforward and user-friendly, but Electrum's interface may be more appealing to experienced users who value advanced features, while Exodus's visually appealing dashboard and easy-to-navigate design may be more attractive to beginners.

Company
User rating User rating 3.6 / 5 11 user reviews User rating 4.0 / 5 24 user reviews
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 4.4 / 5
Trust Score How it works Trust Score 4.01 / 5 Trust Score 4.41 / 5

About

Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
Exodus is a top-tier multi-cryptocurrency wallet with rich opportunities for personalization and numerous available features. It was founded in 2016 with the idea to provide crypto beginners with a convenient tool to handle their coins. There is no sign-up or maintenance fee charged for its use.

Founding Date

2011 2016

Country

International USA

Languages

English English

Wallet type

Software wallet Software wallet

Storage type

Cold wallet Hot wallet

Private keys

Available Available

Available coins

1 - Bitcoin (BTC) 90 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Dogecoin (DOGE), DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Status (SNT), 0x (ZRX), Golem (GNT), DigiByte (DGB), Ark (ARK), Dragonchain (DRGN), QASH (QASH), Veritaseum (VERI), Gas (GAS), Voyager Token (VGX), FunFair (FUN), Revain (REV), SALT (SALT), Power Ledger (POWR), Zcoin (XZC), Storm (STORM), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), Time New Bank (TNB), Aragon (ANT), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Genesis Vision (GVT), Pillar (PLR), AirSwap (AST), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), SingularDTV (SNGLS), Ambrosus (AMB), Edgeless (EDG), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Compound Dai (CDAI), Crypto.com Coin (CRO), Algorand (ALGO), TrueUSD (TUSD), Hedera Hashgraph (HBAR), Solana (SOL)

Security

No data Personal

Anonymity

No data High

Ease of use

No data Easy

Has attached card

No data no

Has trading facilities

No data yes

Has vouchers and offers

No data No data

Features

No data Hierarchical Deterministic
About
Electrum wallet is a software interface for operations with Bitcoin cryptocurrency. There are client versions for bitcoin forks: Litcoin, Bitcoin Cash, Dash, and Vertcoin. The main feature of the wallet is speed, low resource use, and simplicity. It starts instantly, as it works in conjunction with high-performance servers that handle the most complex tasks of the Bitcoin system. The blockchain is stored and updated on the company’s server, and the client interacts with it through special software for stationary and mobile devices.
Exodus is a top-tier multi-cryptocurrency wallet with rich opportunities for personalization and numerous available features. It was founded in 2016 with the idea to provide crypto beginners with a convenient tool to handle their coins. There is no sign-up or maintenance fee charged for its use.
Founding Date Founding Date 2011 Founding Date 2016
Country Country International Country USA
Languages Languages English Languages English
Wallet type Wallet type Software wallet Wallet type Software wallet
Storage type Storage type Cold wallet Storage type Hot wallet
Private keys Private keys Available Private keys Available
Available coins Available coins 1 - Bitcoin (BTC) Available coins 90 - Bitcoin (BTC), Basic Attention Token (BAT), IOTA (MIOTA), Tezos (XTZ), Ethereum Classic (ETC), NEO (NEO), VeChain (VET), OmiseGO (OMG), Qtum (QTUM), Lisk (LSK), ICON (ICX), Ontology (ONT), Bitcoin Gold (BTG), Zcash (ZEC), Nano (NANO), Populous (PPT), Dogecoin (DOGE), DigixDAO (DGD), Waves (WAVES), Zilliqa (ZIL), Decred (DCR), Status (SNT), 0x (ZRX), Golem (GNT), DigiByte (DGB), Ark (ARK), Dragonchain (DRGN), QASH (QASH), Veritaseum (VERI), Gas (GAS), Voyager Token (VGX), FunFair (FUN), Revain (REV), SALT (SALT), Power Ledger (POWR), Zcoin (XZC), Storm (STORM), Storj (STORJ), TenX (PAY), Neblio (NEBL), Cindicator (CND), Dentacoin (DCN), Civic (CVC), Dent (DENT), Quantstamp (QSP), Gnosis (GNO), iExec RLC (RLC), Decentraland (MANA), Polymath (POLY), Po.et (POE), Loom Network (LOOM), Time New Bank (TNB), Aragon (ANT), Raiden Network Token (RDN), Metal (MTL), Santiment Network Token (SAN), Genesis Vision (GVT), Pillar (PLR), AirSwap (AST), Ripio Credit Network (RCN), Streamr DATAcoin (DATA), SingularDTV (SNGLS), Ambrosus (AMB), Edgeless (EDG), MediShares (MDS), AppCoins (APPC), USD Coin (USDC), Ripple (XRP), Binance Coin (BNB), Bitcoin Cash (BCH), Bitcoin SV (BSV), Cardano (ADA), Cosmos (ATOM), Dash (DASH), EOS (EOS), Ethereum (ETH), Litecoin (LTC), Monero (XMR), NEM (XEM), Stellar (XLM), Tether (USDT), Tron (TRX), Polkadot (DOT), BitTorrent (BTT), Compound Dai (CDAI), Crypto.com Coin (CRO), Algorand (ALGO), TrueUSD (TUSD), Hedera Hashgraph (HBAR), Solana (SOL)
Security Security No data Security Personal
Anonymity Anonymity No data Anonymity High
Ease of use Ease of use No data Ease of use Easy
Has attached card Has attached card No data Has attached card no
Has trading facilities Has trading facilities No data Has trading facilities yes
Has vouchers and offers Has vouchers and offers No data Has vouchers and offers No data
Features Features No data Features Hierarchical Deterministic

Social

Website

electrum.org www.exodus.io

Twitter

@ElectrumWallet Exodus_io
Website Website electrum.org Website www.exodus.io
Twitter Twitter @ElectrumWallet Twitter Exodus_io

Advantages

- Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required. - Decentralization. The wallet is fully decentralized. - Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking. - Control over private keys. Their import or export. - Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money. - Wallet recovery using seed-phrase from which private keys are generated. - Transparency, which is provided by the publication of open-source code. - Manually set commission size. - Bulk translations. - Multilingualism. There are translations in different languages ​​in the wallet. - Access to private keys - The possibility to retrieve private keys, using the seed phrase - Great variety of currencies - Easy swap (crypto-to-crypto conversion) - Prompt support and extensive ‘Help’ guide

Disadvantages

- Only 5 cryptocurrencies supported - No obvious customer support - Lack of major security features - Relatively high fees

Rating

User rating User rating 3.6 / 5 11 user reviews User rating 4.0 / 5 24 user reviews
Cryptogeek rating Cryptogeek rating 3.8 / 5 Cryptogeek rating 4.4 / 5
Advantages Advantages - Fast start. It’s very quick to start working with the wallet; synchronization with the blockchain is not required. - Decentralization. The wallet is fully decentralized. - Security. Electrum cares about the security of its users and provides an additional means of protecting your account from hacking. - Control over private keys. Their import or export. - Cold storage. Electrum stores all your funds in cold storage, so no one from the network can steal your money. - Wallet recovery using seed-phrase from which private keys are generated. - Transparency, which is provided by the publication of open-source code. - Manually set commission size. - Bulk translations. - Multilingualism. There are translations in different languages ​​in the wallet. Advantages - Access to private keys - The possibility to retrieve private keys, using the seed phrase - Great variety of currencies - Easy swap (crypto-to-crypto conversion) - Prompt support and extensive ‘Help’ guide
Disadvantages Disadvantages - Only 5 cryptocurrencies supported - No obvious customer support Disadvantages - Lack of major security features - Relatively high fees

Electrum user rating is 3.6, based on 11 user reviews. Exodus user rating is 4.0, based on 24 user reviews.

We also calculate the special Cryptogeek TrustScore based on the characteristics of each wallet.

We choose the winner based on our TrustScore Rating. Please remember, it’s still up to you which company to choose! How do we calculate Trust Score?
Trust Score: 4.01 / 5 Write review
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Trust Score: 4.41 / 5
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When it comes to choosing a cryptocurrency wallet, there are plenty of options available. Electrum and Exodus are two popular wallets that offer users a range of features and benefits. In this review, we'll compare Electrum and Exodus in terms of security, ease of use, supported cryptocurrencies, and more.

Security

One of the most important considerations when choosing a cryptocurrency wallet is security. Both Electrum and Exodus take security seriously and offer various measures to protect users' funds.
Electrum is a desktop wallet that allows users to store their private keys offline. This means that even if a user's computer is hacked or compromised, their private keys remain secure. Electrum also supports multi-signature transactions, which require multiple signatures to authorize a transaction, further enhancing security.
Exodus, on the other hand, is a software wallet that encrypts users' private keys and stores them locally on their device. Exodus also allows users to back up their wallet with a 12-word passphrase, which can be used to restore their wallet in case their device is lost or stolen. Additionally, Exodus supports two-factor authentication (2FA) for added security.

Ease of Use

Another important factor to consider when choosing a cryptocurrency wallet is ease of use. Both Electrum and Exodus aim to provide users with a straightforward and user-friendly experience.
Electrum's interface is simple and intuitive, making it easy for users to send and receive cryptocurrency. Electrum also offers a range of advanced features, such as support for multi-signature transactions, making it a good option for more experienced users.
Exodus has a visually appealing interface that is designed to be user-friendly, even for those new to cryptocurrency. The wallet's dashboard provides users with an overview of their portfolio, and transactions can be easily initiated with just a few clicks.

Supported Cryptocurrencies

The number of cryptocurrencies supported by a wallet is an important consideration for those looking to store a diverse range of assets. Electrum and Exodus both support a variety of cryptocurrencies.
Electrum supports Bitcoin, Bitcoin Cash, Litecoin, Dash, and more. It is important to note, however, that Electrum only supports Bitcoin-related cryptocurrencies, so users looking to store other types of assets may need to look elsewhere.
Exodus, on the other hand, supports over 100 different cryptocurrencies, making it a more versatile option for those looking to store a diverse range of assets.

Fees

Transaction fees are another important consideration when choosing a cryptocurrency wallet. Electrum and Exodus both charge fees for transactions, but the amount can vary depending on a range of factors.
Electrum's fees are calculated based on the size of the transaction in bytes. This can make it difficult to predict the exact fee for a transaction, but users can choose to adjust the fee manually to ensure their transaction is processed quickly.
Exodus charges a dynamic fee that is calculated based on the current network congestion and the size of the transaction. Users can also choose to adjust the fee manually to prioritize transaction speed or reduce fees.

Customer Support

Finally, it's important to consider the level of customer support provided by a cryptocurrency wallet. Both Electrum and Exodus offer customer support through their websites, but the level of support may differ.
Electrum provides users with a comprehensive FAQ section and a support email address for technical issues. However, support response times may vary, and there is no phone or live chat support available.
Exodus offers a similar level of support, with a detailed FAQ section and a support email address. However, Exodus also provides users with live chat support through their website, which can be a helpful feature for those experiencing technical issues.

Conclusion

Overall, both Electrum and Exodus are solid options for those looking to store their cryptocurrency securely. Electrum's offline storage and support for multi-signature transactions make it a good choice for more experienced users, while Exodus's user-friendly interface and support for over 100 cryptocurrencies make it a versatile option for both beginners and more experienced users.
When it comes to security, both wallets offer measures to protect users' funds, but Electrum's offline storage provides an extra layer of security that may be appealing to some users. However, Exodus's ability to back up a wallet with a 12-word passphrase and support 2FA also offer strong protection against potential security breaches.
In terms of ease of use, both wallets are straightforward and user-friendly, but Electrum's interface may be more appealing to experienced users who value advanced features, while Exodus's visually appealing dashboard and easy-to-navigate design may be more attractive to beginners.