Exodus

Exodus is a hot wallet, which means it’s a software wallet that’s connected to the internet; but it’s noncustodial, which means that only you have access to your private key — a 12-word password phrase that protects access to your crypto assets. 

The Exodus wallet is designed to run on Mac, Windows and Linux computers, though there’s a companion app available for Android and iOS devices. The desktop user interface is slick and easy to learn. Your wallet is seamlessly integrated into the Exodus exchange, so it’s easy to make transactions. 

Exodus supports more than 260 types of cryptocurrency including bitcoin, ether, tether USD and dogecoin. But the exchange has some noteworthy limits: If you want to purchase crypto with US dollars and store it in the Exodus wallet, you’ll need to first purchase the asset on a centralized crypto exchange, such as Coinbase, and then transfer the assets to Exodus. The app version allows purchases of bitcoin with US dollars. And once you have an asset in your wallet, it can be easily exchanged for other supported assets. While the wallet itself is free to use, Exodus charges a fee for transactions made via its exchange.

Hot storage wallets are generally considered less secure than cold storage wallets, and some Exodus users may eventually want to upgrade to cold storage. The good news: Exodus is fully compatible with Trezor’s One and Model T hardware.