Connect with us

Uncategorized

Exodus Bitcoin & Crypto Wallet Review

Published

on

Exodus Bitcoin & Crypto Wallet Review

For several reasons, the Exodus wallet receives an excellent rating. First, the wallet’s clever design makes it very user-friendly. The wallet’s design is also very appealing to the eye.

Then there’s the huge selection of cryptocurrencies (180+), making it possible for the Exodus wallet to be the only wallet you will need. The ability to stake from the wallet and the FTX exchange app is even more reason for the excellent rating. With the recent launch of the FTX app, Exodus users can now link their FTX account to their wallets. This addition makes it very easy for you to make transactions from your FTX account inside the Exodus wallet. For anyone with a large amount of cryptocurrency or security-conscious investors, the ability to link your Trezor hardware wallet to Exodus is the icing on the cake.

You can stake 7 different cryptocurrencies in the rewards app, with yield rates ranging from 1.00% annual percentage yield (APY) for VeChain to 18.93% for Ontology. You can stake Dai with a variable yield rate of 2.89% APY using the Compound finance app. Staking is similar to depositing fiat into a savings account. It works by staking your coins for a set time and then receiving a fixed yield rate as a reward. The reason your crypto earns rewards while staked is because the blockchain puts it work.

Advertisement

A word of caution: Be careful when locking up your coins. If market conditions change and you need to sell your coins, locking them up may cost you. As a result, it is important to assess your own risk tolerance, and research the specific staking rules for each crypto project before staking. The Exodus wallet is available in both desktop and mobile versions. 

Exodus gets a 5 out of 5 rating for customer service. Customer service responded to an early Saturday morning email within 6 minutes. The email was very detailed and went above and beyond answering the question; it wasn’t just a boilerplate response. Exodus responded to a Sunday morning email within 10 minutes!

Customer support engineers are also available 24 hours a day, 7 days a week, to answer any questions you may have.

Frequently asked questions and a plethora of educational articles are available in the support section. It is critical to have educational content available, especially for new investors. A video section with product videos, tutorials and Interviews is also valuable content. A blog section with many blogs covering virtually every aspect of the crypto space also is available. Moreover, the status section provides real-time status updates for all supported cryptocurrencies. Exodus also has a newsletter if you want to stay up to date on the latest news.

Advertisement

Customer pricing for the Exodus wallet is rated 4 out of 5. You only have to pay network (miner) fees, as Exodus does not charge a fee for transfers. On some coins, Exodus now allows you to adjust the network fee manually. This option will enable you to pay less for transfers you are willing to wait a little longer to complete.

Exodus charges a fee for the convenience of exchanging coins within the wallet via the crypto exchange feature. Depending on the price spread, the amount you pay will differ from one cryptocurrency to the next. Wider spreads are associated with coins with lower liquidity, implying a higher cost for the exchange. The entire process is transparent, and you will be able to see the price of each transaction ahead of time.

The recent addition of the FTX app gives users another lower-cost option to make exchanges between the coins and tokens that FTX supports. 

The Exodus mobile app is rated 3 out of 5. The mobile app is simple to install and use. Users can track their portfolio, buy and sell cryptocurrencies, send and receive cryptocurrencies and take advantage of 24/7 support. When you set it up, you can create a new wallet or sync it with your desktop wallet, which is very convenient. It is very sleek and straightforward to use, but the mobile app does not allow you to link your FTX account.

Advertisement

Exodus encrypts your private keys on your device so that no one can access your cryptocurrency but you. Moreover, you can enable Face ID or Touch ID to conveniently secure your wallet without having to type your password.

The Exodus wallet receives a 4 out of 5 rating for user benefits. The main portfolio page, which visually shows your entire portfolio, is a vital feature of the Exodus wallet. Multiple apps on the portfolio page allow you to exchange and stake cryptocurrencies.

You can even connect your FTX account so that you can conduct transactions from within your wallet. Pairing Exodus and FTX gives Exodus customers access to a custodial exchange, thus expanding their options when—or if—they wish to exchange their coins. Remember, however, to use FTX, you must complete the KYC process.

Plus, you can use cold storage when you pair it with your Trezor hardware wallet for extra security.

Advertisement

The Exodus wallet receives a user experience rating of 5 out of 5. The many valuable features of this wallet make it the only wallet you need. The simplistic design makes it easy for anyone to navigate. Even the newest users will learn how to use and navigate the wallet in minutes. 

I’ve had this wallet for more than four years, and it keeps getting better. Almost immediately after I started using it, this wallet became my favorite. It didn’t have nearly as many features or supported cryptocurrencies back then as it does now. It didn’t take long for me to transfer all of my other cryptocurrencies into it, and I went from having multiple crypto wallets to only having one.

This wallet is good enough to use daily, I don’t use it every day, but I use it multiple times per week.

I’ve recommended this wallet to more people than I can remember over the years. I also recommend it without reservation; I’ve probably used this wallet thousands of times and have never had an issue with it.

Real User Review

Advertisement

Best For

Staking Crypto + Earning Rewards

Advertisement

Exodus vs Competitors

The ability to link your FTX account and the ability to pair a Trezor hardware wallet are 2 game-changing features for the Exodus wallet. The ability to make purchases with fiat or crypto within the wallet with a few clicks will make this wallet even more appealing.

Advertisement

When you combine that with the Trezor hardware wallet’s unrivaled security, you have a wallet that is difficult to beat.

The overall rating for the Exodus wallet is 4.5 out of 5. 

When you combine the ease of use with the many other valuable features, you get a crypto wallet that will appeal to a wide range of people. This wallet is ideal not only for new users but also for seasoned cryptocurrency investors. As previously stated, the ability to trade your FTX account from within the wallet, as well as the ability to pair with the Trezor hardware wallet, is a huge plus.

Exodus Bitcoin & Crypto Wallet Tutorial

Frequently Asked Questions

Is Exodus a good crypto wallet?

Advertisement

The Exodus wallet is an excellent wallet for just about everyone. It has valuable features that make it a wallet you can use every day, from making FTX account transactions from inside the wallet to in-wallet staking and even super secure cold storage courtesy of Trezor. 

Can I use Exodus to buy Bitcoin?

Advertisement

Yes, you can, thanks to the recent ability to link your FTX account. It’s now possible to buy Bitcoin or any other FTX-supported cryptocurrency using your fiat balance from your FTX account. You can even make crypto-to-crypto exchanges on FTX from inside your wallet. It is always a good idea to shop around to see which wallet is the best fit for you. With all that the Exodus wallet has to offer, you will be hard-pressed to find a better crypto wallet.

Methodology

Benzinga crafted a specific methodology to rank cryptocurrency exchanges and tools. We prioritized platforms based on offerings, pricing and promotions, customer service, mobile app, user experience and benefits, and security. To see a comprehensive breakdown of our methodology, please visit see our Cryptocurrency Methodology page.

Advertisement

analysis group

Report: The Metaverse Might Contribute $320 Billion To Latam’s GDP In The Next 10 Years

Published

on

Report: The Metaverse Might Contribute $320 Billion To Latam’s GDP In The Next 10 Years

A new report indicates that the metaverse might be a significant factor in the growth of economies in Latam and the world in the coming decade. The study, issued by Analysis Group, estimates that Latam might benefit from a surge of $320 billion or an approximate 5% of its GDP, in the next 10 years. This is the biggest percentage share of GDP of the regions in the study’s projection.

Advertisement

Analysis Group’s Metaverse Report

The metaverse is becoming a subject of intense focus in crypto and business at large, and many companies are already projecting the impact that it might have in several countries and areas in the future. In a recent report titled “The Potential Global Economic Impact of the Metaverse” issued by international economic consulting firm Analysis Group, the opportunities that the emergence of the metaverse could open in the next ten years are examined, assuming “adoption begins in 2022.”.

In the document, the researchers compare the rise of the metaverse with mobile technologies and examine the growth as if this new technology were to evolve in a similar way. This industry was selected “because of similarities to the metaverse in the way it combined existing and nascent innovations to fundamentally alter global technological and economic landscapes.”

Advertisement

Major Latam Growth and GDP Estimates

According to the report, the metaverse and its related activities have the potential of representing 5% of the GDP of Latam in the tenth year after adoption begins (2022), contributing $320 billion to the economies of the area. The report also projects that the growth in Latam will be the biggest percentage-wise, while the APAC region would have the biggest growth volume-wise, representing more than $1 trillion of its GDP.

Advertisement

Globally, the study estimates that the metaverse will generate $3.01 trillion, becoming more than 2% of the GDP of the world ten years from now. Per the report, this growth will only happen if the sector reaches its expected potential, having “far-reaching applications, with the potential to transform a wide range of economic sectors such as education, health care, manufacturing, job training, communications, entertainment, and retail.”

Other companies have also predicted the possible impact of this new activity and the economic opportunity it will present for different industries in the future. Grayscale, one of the leading cryptocurrency asset managers, estimated that the metaverse might become a $1 trillion business opportunity in the future. Goldman Sachs also predicts the metaverse will be an $8 trillion opportunity. JPMorgan has stated that this $1 trillion market “will likely infiltrate every sector.”

Advertisement

What do you think about Analysis Group’s metaverse report? Tell us in the comments section below.

Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Advertisement

Advertisement

Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Advertisement
Continue Reading

Ariva

Ariva Celebrates 1st Year Anniversary With Impressive Achievements In The Blockchain Industry

Published

on

Ariva Celebrates 1st Year Anniversary With Impressive Achievements In The Blockchain Industry

press release

Advertisement

PRESS RELEASE. Ariva, a next-generation tourism & travel blockchain protocol, celebrated the first anniversary of its launch on May 25, 2022. This development marks an impressive milestone for the blockchain project that has taken the tourism sector by storm in recent months.

Ariva launches reward program to celebrate 1st anniversary

Ariva has announced a giveaway campaign to celebrate the first birthday that will reward users with different prizes. This includes a limited collection of its Arivaman NFT to 6 winners, $30 million ARV tokens to 30 participants and $6k BUSD to six winners.

Ariva has further revealed that participants will have to complete a series of events, including following Ariva on different social networks, voting on Coinmarketcap and filling out a reward form with their BSC address.

Advertisement

Undoubtedly, one of Ariva’s most important birthday week events will be the launch of the alpha test of the Ariva Wonderland Metaverse project. In a surprise, the team announced that the test will be conducted in an open alpha test format and that a limited number of gamers from the committee will be selected for this unique experience.

Major achievements accomplished in 12 months

Ariva has achieved some noteworthy achievements since its launch due to its impressive concept and innovative products. It has an active community of more than 200,000 members on social media and is featured in 100+ tabloids globally.

Ariva has also enjoyed significant adoption of its token ARV with more than 220,000 holders. ARV has also been listed on 32+ exchanges and 10+ wallets showing the rapid growth of the utility token.

Advertisement

Ariva has also hosted several events to foster the development and adoption of blockchain technology in the tourism industry. In recent months, it has also embarked on high profile partnerships with the World Tourism Forum Institute and Global Tourism Forum.

Ariva’s partner, the president of WTFi Bulut Bagci was also a keynote speaker at the FIS Dubai event in May 2022. Furthermore, Ariva has been able to embark on policy building with members of the European Parliament on how it can revolutionize the travel and tourism industry with blockchain technology.

A complete blockchain-based tourism ecosystem

As promised, the team also launched the Ariva.World crypto travel portal and Ariva.Finance payment gateway before his birthday. They also stated that the distribution of Ariva Pos Machines to hotels and travel agencies will begin in a short time.

Advertisement

Merchants can also deploy Ariva.finance APIs on their stores to integrate crypto payment systems. Furthermore Ariva.Finance has been deployed into the first batch of Ariva POS machines that hotels and tourist centres have adopted. Ariva.World is a decentralized hub that enables tourists to connect with local and global tourism service providers.

Ariva recently launched Ariva Wonderland, a metaverse project that aims to introduce tourists to a world with limitless travel experiences.

More developments expected in the future

The Ariva team is not resting on their laurels and has partnered with Global Tourism Forum ahead of its leader’s summit set to take place in Washington DC on 24th June. It has also revealed plans to extend more features for the Ariva Wonderland metaverse and list ARV on more exchanges in the coming months.

Advertisement

To learn by visiting the website https://ariva.digital/


This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.

Bitcoin.com Media

Bitcoin.com is the premier source for everything crypto-related. Contact ads@bitcoin.com to talk about press releases, sponsored posts, podcasts and other options.

Advertisement

Advertisement

Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Continue Reading

Argentina

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs

Published

on

Argentinian Cryptocurrency Exchange Buenbit Announces Staff Layoffs

Buenbit, an Argentinian cryptocurrency exchange, has announced a series of layoffs due to the downturn that traditional and crypto markets are currently facing. Buenbit’s co-founder and CEO, Federico Ogue, clarified that this move had nothing to do with the recent Terra ecosystem disaster and that from now on, the exchange would focus on keeping operations in countries where it already has an established presence.

Advertisement

Buenbit Announces Layoffs

Buenbit, an Argentinian cryptocurrency exchange, has announced a change in its hiring strategy due to the recent downturn that the cryptocurrency and stock markets are facing. According to some reports, the company will be laying off almost half of its current workforce across the three countries where it operates, including some senior executives.

Federico Ogue, co-founder and CEO of the exchange, stated on social media that these changes were the consequence of the tech industry facing a review phase. Ogue stated:

Advertisement

Given this new context, we decided to reduce our staff and pause our expansion plan to focus exclusively on operations in the countries where we are present today and maintain a self-sustaining and efficient structure.

Advertisement

Furthermore, Ogue revealed that this move had nothing to do with the recent collapse of the Terra ecosystem, even though the exchange did offer Terra-related services as part of its investment portfolio. “It is a decision that we have been working on for months. It is an adjustment that is taking place throughout the startup industry,” he explained.

Expansion Plans Halted

This new strategy ends the expansion plans the company had revealed during its Series A financing round, which raised $11 million for this goal in July 2021. The company announced that its focus will be to maintain the same quality of operations in countries where it is already present.

Advertisement

The company stated this was a proactive response to an upcoming problem, “in order to avoid, in the near future, the unnecessary exposure of the company to the dependence of raising a next round of investment, when the market numbers indicate that this is not the correct strategy to follow in the current context.”

Other exchanges have also announced changes in their hiring strategies due to the new direction of the global economic markets. Coinbase, a U.S.-based cryptocurrency exchange, recently noted it would slow down its hiring process to be in a better position during and after the current market downturn.

Advertisement

What do you think about the layoffs announced by Buenbit? Tell us in the comments section below.

Advertisement
Sergio Goschenko

Sergio is a cryptocurrency journalist based in Venezuela. He describes himself as late to the game, entering the cryptosphere when the price rise happened during December 2017. Having a computer engineering background, living in Venezuela, and being impacted by the cryptocurrency boom at a social level, he offers a different point of view about crypto success and how it helps the unbanked and underserved.

Advertisement

Advertisement

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

Advertisement
Continue Reading

Trending