Exodus Reseña
Self-custody portfolio and payments app from a US-listed company, with staking and Trezor or Ledger pairing
Link to the company's own site · doesn't affect score
De un vistazo
Exodus is a self-custodial wallet made by Exodus Movement, Inc. (NYSE American: EXOD), founded in 2015 by JP Richardson and Daniel Castagnoli. It runs on Windows, macOS, Linux, iOS and Android, covers 50+ networks, stakes 9 assets and pairs with Trezor and Ledger devices. In 2026 it ended its browser extension, removed dApp connections and began phasing out NFTs, while adding Exodus Pay for payments. The app is not fully open source and we found no public third-party audit; no public report shows a breach of Exodus's own systems. In December 2025 it settled with OFAC for $3.1 million over 254 apparent violations of Iran sanctions from 2017 to 2019.
People who want a polished desktop or mobile app to hold, swap and stake mainstream coins, pair a Trezor or Ledger, and value a wallet maker that publishes audited SEC filings.
You use DeFi apps or NFTs (Exodus removed dApp connections and is ending NFT support), you want to avoid a swap margin built into the quote, you need fully open-source code, or you live in New York or Washington and want in-app swaps.
Datos rápidos
- Wallet type
- software desktop
- Custody
- self
- Supported chains
- 50+
- Supported assets
- 700,000+
- Open source
- No
- Built-in swap
- Yes
- NFT support
- No
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A favor
- Run by a US-listed company that files Deloitte-audited annual 10-K reports and quarterly 10-Q reports with the SEC
- Desktop apps for Windows, macOS and Linux plus iOS and Android, with 50+ networks
- Pairs with Trezor (desktop and Safe 7 on mobile) and Ledger Nano X or Flex on mobile for cold signing
- Staking on 9 assets, including ETH, SOL, ADA and ATOM, through Everstake
- No public report of a breach of Exodus's own systems; HackerOne bug bounty up to $20,000
En contra
- dApp browser, WalletConnect and the browser extension removed by October 2026; NFT support being phased out
- Swap costs are built into the quoted rate; by our estimate, Exodus earned about 1.7% of Q2 2026 swap volume across its app and partner apps
- Not fully open source, and we found no public third-party audit of the apps
- Settled with OFAC for $3,103,360 in December 2025 over 254 apparent violations of Iran sanctions from 2017 to 2019
- Loss-making in 2026 and cut about 25% of staff in July; swaps unavailable in New York and Washington
Exodus wallet review: the short answer
Exodus is a legitimate self-custody wallet run by a US-listed company, and no public report shows a breach of its own systems. The losses linked to Exodus came from fake apps and malware that impersonated or tampered with it.
It is also a different product than it was a year ago. In 2026 Exodus dropped dApp connections, ended its browser extension and started phasing out NFTs.
We checked every fact in this Exodus wallet review against Exodus's SEC filings, its help center, OFAC records, security research and IRS pages on 16 October 2026. The short version: Exodus today is a portfolio and payments app more than a "Web3 wallet". That changes who it suits.
- Good fit: you want a polished desktop or mobile app to hold, swap and stake mainstream coins, you like being able to read the company's audited filings, and you may pair it with a Trezor or Ledger.
- Look elsewhere: you use DeFi apps or NFTs, you want to avoid a swap margin built into the quote, you need fully open-source code, or you live in New York or Washington and want in-app swaps.
What is Exodus, and who runs it?
Exodus is a self-custodial crypto wallet made by Exodus Movement, Inc., listed on NYSE American as EXOD since 18 December 2024. JP Richardson (CEO and chairman) and Daniel Castagnoli founded it in 2015.
The two founders control about 93% of the voting power.
The company incorporated in July 2016 and moved its legal home from Delaware to Texas in December 2025. It calls itself remote-first; its filings give an Omaha, Nebraska address. Being public has one big advantage for you. Its revenue, losses and risks are on record, which is rare for a consumer wallet.
Those filings show a business in transition:
- Revenue: $116.3 million in 2024 and $121.6 million in 2025, with a 2025 net loss of $11.4 million.
- 2026 so far: net losses of $32.1 million in the first quarter and $18.6 million in the second. Monthly active users were 1.4 million at the end of June 2026.
- Cuts: in July 2026 the board approved laying off about 25% of staff to focus on cards and payments. Bitcoin holdings fell from 1,704 BTC at the end of 2025 to 600 BTC by 30 June 2026.
- Payments pivot: on 1 May 2026 Exodus bought the card issuer Monavate and the card programme manager Baanx. It bought the UK companies from receivers it had appointed when their parent, W3C, failed to repay Exodus's loans, and bought Baanx's US arm from W3C for $30 million payable over four years. Exodus now reports a payments business next to the wallet.
The OFAC settlement
In December 2025 Exodus settled with the US Treasury's Office of Foreign Assets Control (OFAC) for $3,103,360. The case covered 254 apparent violations of Iran sanctions between 2017 and 2019. OFAC said Exodus staff gave support to users in Iran, in some cases advising them to use VPNs. It also said Exodus did not disclose the violations voluntarily.
Exodus paid a $2,473,360 cash penalty in November 2025. It agreed to invest the other $630,000 in additional sanctions compliance controls. The settlement resolved the Iran-related matter. It stays on the company's record.
What can you do with Exodus in 2026?
You can hold, send, swap, buy, sell and stake crypto on Windows, macOS, Linux, iOS and Android. You can no longer connect Exodus to dApps. NFTs are on their way out too.
- Coverage: more than 50 networks. Exodus's marketing claims over a million assets; its 2025 annual report says over 700,000 can be stored and over 30,000 swapped, bought or staked.
- Staking: 9 assets: ETH (mobile only, minimum 0.1 ETH), APT (desktop only), ADA, ATOM, INJ, KAVA, MATIC, SOL and XTZ, all through the staking provider Everstake. Osmosis support ended in August 2025 and Axelar support in June 2026.
- Exodus Pay (April 2026): send money to a phone number, spend with a free virtual Exodus Card in Apple Pay or Google Pay, and earn rewards. The card is available to residents of the US (except Vermont) and many other countries, though not the UK or Australia.
- XO Cash: a dollar stablecoin on Solana issued by MoonPay on M0's infrastructure, live since March 2026 and part of the Exodus Pay cash balance, alongside USDC and USDT on Solana.
- Exodus Markets (June 2026): tokenized stocks and ETFs through Ondo, not available in the US, UK, EEA or Canada.
The removals are the big change. The Exodus Web3 Wallet browser extension stopped working on 1 October 2026. By the same month Exodus had also removed the mobile dApp browser and WalletConnect for all wallets. For DeFi, Exodus now points users to MetaMask, NuFi, Phantom or Pera.
The mobile app comes in 8 languages. The help center is in English.
Is Exodus wallet safe?
Exodus is safe to use as a self-custody wallet if you install it from official sources. Your keys are encrypted on your own device, and the company says it cannot access your crypto.
Its annual report lists no material cybersecurity incidents. The trade-off is that the app is not fully open source, and we found no public third-party audit of it.
How Exodus holds your keys
Exodus creates a 12-word secret recovery phrase on your device and encrypts your private keys locally. The company says it "can't gain access to your crypto". Its 10-K describes Exodus as an unhosted wallet under FinCEN guidance.
So nobody at Exodus can reverse a transaction or restore a lost phrase. There is one exception to that hands-off design. If Exodus detects that a scammer changed a wallet's ownership or permissions, the app can warn you and restrict sending and receiving.
Open source, audits and bug bounty
| Check | What we found (October 2026) |
|---|---|
| Source code | Not fully open source: Exodus says some components are closed so phishing clones are harder to build. Many libraries and a mirror of its software development kit are public on GitHub |
| Third-party audits | No public audit report of the Exodus apps; Exodus says it runs penetration tests and outside assessments without naming firms |
| Bug bounty | Public HackerOne program since November 2020; critical bugs pay up to $20,000 |
| Download integrity | Every desktop build has a PGP-signed SHA-256 hash you can check before installing |
| Scam protection | Warnings on risky addresses linked to scams, theft or sanctions; suspicious EVM addresses flagged before you send (added June 2026) |
Every Exodus-related incident we found
None of these was a breach of Exodus's own servers or code. Each one used a fake or tampered copy of Exodus to steal recovery phrases, passwords or payments.
| Date | What happened | Loss |
|---|---|---|
| January 2024 | macOS malware hidden in cracked apps replaced installed Exodus with a trojanized copy that stole recovery phrases (Kaspersky) | Not disclosed |
| February 2024 | A fake "Exodus" app in Ubuntu's Snap Store drained a user who entered a recovery phrase | About 9 BTC from one user |
| March to April 2025 | A malicious npm package, "pdf-to-office", patched locally installed Exodus to send payments to attacker addresses (ReversingLabs) | Not disclosed |
| 2025 | More than 40 fake Firefox add-ons impersonating wallets, Exodus among them, stole wallet credentials (Koi Security) | Not disclosed |
| December 2025 | A fraudulent app claiming to be Exodus was listed on Apple's App Store and "resulted in user losses", per Exodus's 10-K | Not disclosed |
| July to August 2026 | A tampered, unsigned Exodus installer carried remote-access malware that stole browser credentials; four organizations compromised (Huntress) | Not disclosed |
The lesson is the same each time. Install Exodus only from exodus.com or the official App Store and Google Play listings, and check the developer name. Never type your recovery phrase into an app you installed from a link.
Is Exodus a cold wallet?
No. Exodus is a hot wallet: your keys live on an internet-connected computer or phone. For cold storage, pair a hardware wallet. The keys then stay on the device, and Exodus just shows your balances.
- Trezor on desktop: Model One, Model T, Safe 3 and Safe 5. Trezors running Bitcoin-only firmware are not supported.
- Trezor on mobile: the Safe 7 over Bluetooth. On desktop a Safe 7 is view-only.
- Ledger on mobile: the Nano X and Flex over Bluetooth, for Bitcoin, Ethereum, Solana, Base, Polygon and Tron.
Our Trezor review and Ledger review compare the devices.
Is Exodus wallet legit, or a scam?
Exodus is legit: a public company that files audited annual accounts with the SEC. Reports of a "fake Exodus wallet" or an "Exodus hack" trace back to impostor apps, tampered installers and fake support.
Exodus's own help center warns about each of these.
- Exodus support will never ask for your secret phrase, your sync QR code or your private keys.
- Exodus does not offer support on Telegram. The official channels are support@exodus.com and the chat inside the app.
- One phishing email falsely claimed that Gemini had filed for bankruptcy and partnered with Exodus, and supplied a secret key to a wallet the scammers controlled. Never use a phrase someone else gives you.
- Recovery scams, poisoned addresses from zero-value transfers, fake airdrop tokens and screen-share requests for your sync QR code are all on Exodus's list of common scams.
- On Linux, Exodus ships only .deb and .zip files from its own site, not a Snap package.
What fees does Exodus charge?
Exodus charges nothing to download, hold, send or receive. Sending costs only the network fee. Swaps are different: there is no separate fee line, but Exodus earns a cut from its swap providers, built into the rate you see.
| Action | What you pay (October 2026) |
|---|---|
| Send or receive | Network fee only; Exodus says 100% of it goes to the network |
| Swap | No line-item fee; the provider's price includes a contracted percentage for Exodus. Marketing says rates start "as low as 0.5%" |
| Buy with MoonPay | MoonPay fee of up to 4.5% with a minimum of up to $4.50, a partner fee and a possible spread; Cash App Pay orders cost 2.9% plus $0.30 |
| Buy with XO Ramp | Fees included in the final price shown |
| Staking | A validator fee is deducted from rewards; Exodus is paid by its staking provider, Everstake |
| Exodus Pay transfers and card | Free to send to other Exodus Pay users; the virtual card is free; foreign purchases use the card network's exchange rate |
How big is that cut? Exodus does not say, so we compared two numbers from its filings. In the second quarter of 2026, swap ("exchange aggregation") revenue was $18.7 million on about $1.1 billion of swap volume. That works out to roughly 1.7%.
Treat that as our estimate, not a published rate. It blends swaps inside the Exodus app with volume from partner apps that use Exodus's swap service, so it is not the fee on any single trade. It does show the margin is real. Compare the quote with a DEX aggregator or an exchange before larger trades.
How do you withdraw money from your Exodus wallet to a bank?
Use the in-app Sell option with MoonPay, or send your crypto to an exchange, sell it there and withdraw. Either way, you verify your identity with the partner, and Exodus is not a party to the sale.
- Choose Sell in Exodus and pick MoonPay. Verify your MoonPay account the first time.
- In the US, MoonPay pays out by ACH bank transfer. In the UK and select European countries, payouts by Faster Payments or SEPA go only to a bank account you previously used to buy through MoonPay. Visa debit card payouts work in listed countries.
- Expect MoonPay's fee, a partner fee and the network fee, all shown before you confirm.
The exchange route works wherever you can open an exchange account: send to your own account at an exchange such as Coinbase or Kraken on the right network, test with a small amount, then sell and withdraw.
Does Exodus require KYC?
Not for the wallet. Creating and using Exodus needs no ID, because it is unhosted software. Buying is another matter. Partners such as MoonPay run their own checks on every purchase. XO Ramp, Exodus's own buy service run with third parties, verifies every purchase too and asks US users for a Social Security number. Exodus Pay needs ID for cash deposits, the card and rewards.
Is Exodus available in the US, and can the IRS see it?
Yes, Exodus is legal and downloadable in every US state, but some features are not. As wallet software, it is not a broker that files Form 1099-DA on your activity.
We found no sign that Exodus reports wallet activity to the IRS. We could not confirm whether Exodus Card spending gets reported. Either way, your trail is not hidden: the providers you buy and sell through, and the blockchain itself, leave a clear record.
| Feature | Where it is not available in the US |
|---|---|
| In-app swaps | New York and Washington |
| XO Ramp (buy) | New York and Vermont |
| Robinhood Connect (buy) | Hawaii, New York and North Carolina |
| PayPal (buy) | Hawaii |
| Blockchain.com Pay (buy) | Hawaii, Louisiana, Nevada, New Jersey, New York, Pennsylvania, Tennessee, Texas and Virginia |
| Exodus Card | Vermont |
| Exodus Markets and Predictions | All of the US |
On taxes, the basics for a US Exodus user:
- The Exodus wallet is not a reporting broker. It is an unhosted wallet, and under the IRS's Form 1099-DA instructions a provider of software that only lets you control your own keys is not a "digital asset middleman". A 2024 rule aimed at DeFi front ends was overturned by Congress in April 2025 (Public Law 119-5).
- Brokers do report. Exchanges and other custodial brokers report gross proceeds for sales from 1 January 2025 on Form 1099-DA.
- The Form 1040 question applies. Swaps, sales, spending crypto and staking rewards mean "Yes". Holding, or moving coins between your own wallets without paying the fee in crypto, means "No".
- Staking rewards are income when you gain control of them, under Revenue Ruling 2023-14. In June 2026 the Tax Court reached the same result in Paschall v. Commissioner (T.C. Memo. 2026-46), a case about staking through eToro, without relying on the ruling.
- Records: Exodus exports your history as a CSV and lists CoinLedger, CoinTracker, CoinTracking, Koinly, Summ and Blockpit among compatible tax tools.
See our US crypto tax guide for 2026 for rates and forms. This is general information, not tax advice.
Exodus vs Trust Wallet, Coinbase Wallet and Trezor Suite
Pick Exodus for a clean portfolio app with staking, payments and hardware-wallet pairing from a company with public accounts. Pick something else if you need dApps or NFTs, or want to avoid a swap margin built into the quote.
- Trust Wallet says it supports more than 100 blockchains and still has a dApp browser, but its browser extension was compromised in December 2025.
- Coinbase Wallet is Coinbase's self-custodial wallet and still gives access to onchain apps. It was renamed Base App in July 2025 and switched back to Coinbase Wallet in September 2026.
- Trezor Suite offers coin control and Tor support, which suits Bitcoin-heavy Trezor owners; Exodus also does not support Trezors running Bitcoin-only firmware.
- Phantom and MetaMask are where Exodus itself sends users who need dApps.
Compare every option on our crypto wallets hub.
Should you use Exodus?
Use Exodus if you want a well-designed place to hold and stake mainstream coins, pair a Trezor or Ledger, and possibly spend through Exodus Pay.
The company's public filings make it more accountable than most wallet makers. Its documented security problems all came from impostors and third-party malware, not from a breach of Exodus itself.
Skip it if you use DeFi or NFTs, since both are gone or going. Also think twice if swap costs matter: by our estimate from the filings, Exodus earned about 1.7% of swap volume in mid-2026, across its own app and partner apps. Keep in mind that the company is losing money while it pivots to payments, which may keep changing the app. We score wallets on security, chain support, ease of use, pricing and transparency; see how we score wallets.
Sources
- Exodus Movement, Inc. Form 10-K for 2025, SEC, 11 March 2026.
- Exodus Movement, Inc. Form 10-Q for Q2 2026, SEC, 11 August 2026.
- Exodus to begin trading on NYSE American, SEC 8-K exhibit, 13 December 2024.
- Exodus fourth quarter and full year 2024 results, SEC 8-K exhibit, 3 March 2025.
- Exodus fourth quarter and full year 2025 results, SEC 8-K exhibit, 11 March 2026.
- Exodus first quarter 2026 results, SEC 8-K exhibit, 11 May 2026.
- Exodus second quarter 2026 results, SEC 8-K exhibit, 10 August 2026.
- Reduction in force, SEC 8-K, 17 July 2026.
- Acquisition of Monavate and Baanx, SEC 8-K, 5 May 2026.
- Redomestication to Texas, SEC 8-K, 10 December 2025.
- About Exodus, Exodus, accessed 16 October 2026.
- Settlement with Exodus Movement, Inc., US Treasury OFAC, 16 December 2025.
- Support for the Exodus Web3 Wallet extension has ended, Exodus Help Center, accessed 16 October 2026.
- Support for WalletConnect and the web3 browser has ended, Exodus Help Center, updated 8 October 2026.
- NFT gallery in Exodus, Exodus Help Center, accessed 16 October 2026.
- Which assets does Exodus support?, Exodus Help Center, accessed 16 October 2026.
- How to stake crypto in Exodus, Exodus Help Center, accessed 16 October 2026.
- Asset sunset FAQs, Exodus Help Center, accessed 16 October 2026.
- Getting started with Exodus Pay, Exodus Help Center, accessed 16 October 2026.
- MoonPay, XGL and Exodus, MoonPay, 12 March 2026.
- Exodus announces USD-backed stablecoin, M0, 16 December 2025.
- Exodus launches tokenized markets, The Block, June 2026.
- Which Exodus features vary by location?, Exodus Help Center, accessed 16 October 2026.
- Exodus: Crypto and Payments, Apple App Store, accessed 16 October 2026.
- Security, Exodus, accessed 16 October 2026.
- Is Exodus open source?, Exodus Help Center, accessed 16 October 2026.
- Exodus bug bounty program, HackerOne, accessed 16 October 2026.
- Signed hashes for Exodus 26.10.7, Exodus, accessed 16 October 2026.
- What crypto scams should I watch out for?, Exodus Help Center, accessed 16 October 2026.
- Fake macOS activator steals Bitcoin and Exodus wallets, Kaspersky, 31 January 2024.
- Exodus Bitcoin Wallet: $490K Swindle, Alan Pope, 20 February 2024.
- Atomic and Exodus wallets targeted in malicious npm campaign, ReversingLabs, 10 April 2025.
- Fake Firefox extensions steal crypto wallet credentials, The Block, 3 July 2025.
- Trojanized Exodus installer delivers a RAT, Huntress, 1 September 2026.
- Trezor Safe 7 on Exodus Mobile, Exodus Help Center, accessed 16 October 2026.
- Trezor and Exodus, Exodus, accessed 16 October 2026.
- Ledger and Exodus, Exodus, accessed 16 October 2026.
- Does Exodus have transaction fees?, Exodus Help Center, accessed 16 October 2026.
- What is an exchange spread?, Exodus Help Center, accessed 16 October 2026.
- MoonPay pricing disclosure, MoonPay, accessed 16 October 2026.
- How can I buy Bitcoin and crypto?, Exodus Help Center, updated 12 October 2026.
- How do I sell crypto with MoonPay in Exodus?, Exodus Help Center, accessed 16 October 2026.
- Why is my asset unavailable to swap?, Exodus Help Center, updated 12 October 2026.
- Digital assets, Internal Revenue Service, reviewed 2 September 2026.
- Instructions for Form 1099-DA, Internal Revenue Service, accessed 16 October 2026.
- Public Law 119-5, US Government Publishing Office, 10 April 2025.
- Revenue Ruling 2023-14, Internal Revenue Bulletin 2023-33, 14 August 2023.
- Paschall v. Commissioner, T.C. Memo. 2026-46 (US Tax Court opinion, copy on irs.gov), 4 June 2026.
- Crypto taxes, Exodus Help Center, accessed 16 October 2026.
- Coinbase rebrands Base App back to Coinbase Wallet, The Block, 10 September 2026.
- Trezor Suite, Trezor, accessed 16 October 2026.
- Settlement agreement between OFAC and Exodus Movement, Inc., US Treasury OFAC, 16 December 2025.
- Staking Ethereum (ETH) FAQs, Exodus Help Center, accessed 16 October 2026.
- Trust Wallet launches compensation process, The Block, 26 December 2025.
- Exodus launches Exodus Pay, Exodus via GlobeNewswire, 9 April 2026.