How Does Exodus Wallet Work?
When you create an Exodus Wallet, you generate a unique private key associated with your wallet. This key is the cryptographic proof of ownership of your cryptocurrencies stored in the blockchain. Exodus stores these private keys locally on your device, meaning you control access to your funds.
All transactions you make are signed locally and then broadcast to the relevant blockchain networks. For instance, if you send Bitcoin, the wallet creates and signs the Bitcoin transaction and sends it to the Bitcoin network for confirmation.
The built-in exchange facilitates cryptocurrency swaps by routing orders through integrated liquidity providers, enabling near-instant trades within the wallet without withdrawing funds to third-party exchanges.Book a Call →
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Exodus takes security seriously by providing private key control to users. Your private keys and transaction data are stored locally on your device and never leave it, reducing the risk of hacks from centralized servers. The wallet also offers backup and recovery options via a 12-word recovery phrase.
While Exodus does not support two-factor authentication (2FA) or multi-signature wallets, it is designed for ease of use while maintaining robust security for a software wallet.
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