Exodus vs Trust Wallet | Why We Like & Use Both Crypto Wallets
Jack Moreau
Feb 2024
9 min read
Fact checked
Introduction: Struggling to choose between Exodus vs Trust Wallet for your cryptocurrency needs? We have compared the two non-custodial wallets across key metrics such as user experience, platforms supported, the number of cryptocurrencies and more, to help you make the best decision for your digital security and accessibility. Find out which wallet is best for you today!
Trust Wallet is a decentralized multi-asset wallet that was founded in 2017 by Ukrainian entrepreneur Viktor Radchenko. Initially focused on storing Ethereum (ERC-20) tokens like ETH. Trust Wallet quickly caught the attention of Binance, who acquired the company in 2018.
Trust Wallet website
Today, Trust Wallet is based in San Francisco and has grown to a team of over 220 employees spread across the globe. As a non-custodial wallet, Trust Wallet prioritizes user security and privacy by giving users full control over their private keys.
With over 60 million users across mobile and browser wallets, Trust Wallet has become one of the fastest-growing wallets in the world.
It supports over 70 blockchains and an impressive 10 million digital assets, including popular cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Litecoin (LTC) and hundreds of thousands of altcoins and ERC20 tokens.
Trust Wallet stands out with its excellent user ratings. The mobile app alone has over 10 million downloads and a remarkable 4.5-star rating based on 1.7 million reviews.
Trust Wallet App
On Chrome browsers, Trust Wallet has accumulated over 500,000 downloads with a solid 4-star rating from over 500 reviews.
Moving on to Exodus Wallet, it was founded in 2015 by JP Richardson and Daniel Castagnoli with the vision of providing users with an easy and secure way to manage their assets.
Exodus Wallet Website
With over 2 million users and a team of 300 employees, Exodus has become one of the most popular cryptocurrency wallets in the world.
Exodus Wallet prides itself on being an open-source non-custodial wallet, allowing users to retain full control of their assets. They offer a seamless experience for storing, managing, and exchanging digital assets like Bitcoin (BTC) and Ethereum (ETH).
Exodus Wallet supports multiple platforms and devices, including desktop, mobile, and browser wallets. The desktop wallet is compatible with Windows, Mac, and Linux, while the mobile app is available on both Android and iOS.
Exodus Wallet App
With over 100,000 reviews, the Exodus mobile app boasts a stellar 4.7-star rating, while the browser extension has received over 80,000 downloads with a 4.5-star rating.
Exodus wallet also offers 24/7 support and the convenience of buying cryptocurrencies via card, bank account, or Google Pay.
Exodus vs Trust Wallet User Experience
Trust Wallet is a non-custodial wallet that provides a user-friendly interface, making it easy for users of all levels of experience to use the app. It is available for download on Android and IOS devices, offering more blockchains and features compared to the browser version.
Trust Wallet Browser Support
The wallet supports a variety of browsers, including Chrome, Brave, Opera, and Edge. However, it is not currently available for desktop users.
Trust Wallet Browser Extension
Trust Wallet prioritizes security by requiring users to create a secure password and store their recovery phrase in a secure location.
On the other hand, Exodus is a feature-rich wallet that can be accessed through browser, mobile, and desktop devices.
It has a sleek and modern design and offers a wide range of features, including support for multiple blockchains, swap functionality, staking, and the ability to buy crypto with fiat currency.
Exodus Wallet Platforms
It is compatible with Windows, Mac, and Linux operating systems and supports hardware wallets for enhanced security. Exodus offers a seamless user experience, allowing users to easily navigate through its various features on different devices.
Exodus vs Trust Wallet Product Features
Trust Wallet is known for its wide range of products and services. It offers in-app swaps supported by multiple third-party DeFi integrations such as Thorchain, Kyber Network, and 1inch.
Trust Wallet Dapps
Users can easily swap Bitcoin to Ethereum using the Thorchain integration, with low spreads and without using wrapped assets. Trust Wallet also features a built-in web3 browser, allowing users to access decentralized applications directly from the mobile app.
Trust Wallet Swaps
The wallet supports NFTs on several blockchains, including Ethereum, Solana, and Polygon. Users can store and manage their NFTs, view their NFT collections, and easily transfer them to other wallets or marketplaces.
Trust Wallet NFTs
Staking is also supported, with over 20 cryptocurrencies, including BNB, ATOM, LUNA, OSMO, ALGO, and Tezos, eligible for earning staking rewards.
Trust Wallet Staking
For users looking to buy cryptocurrencies with fiat currencies, Trust Wallet has integrated with Binance Pay and Coinbase Pay. Additionally, users can benefit from a Koinly integration for help with tax filing at the end of the year.
Trust Wallet Credit Card Purchases
Exodus Wallet offers a built-in exchange for swapping between cryptocurrencies. Users can easily exchange their assets within the wallet, with support for popular assets like ETH, ERC-20 tokens, and more.
Exodus Wallet Swap
Exodus charges a transaction fee for its exchange service, providing privacy and convenience to users. It also offers the option to buy cryptocurrencies via third-party integrations with Moonpay and Ramp.
Exodus Wallet allows users to earn rewards on their assets through its staking service. Supported cryptocurrencies include Solana, Algorand, Cosmos, Cardano, Tezos, Ontology, and VeChain.
Exodus Wallet Staking
Users can also earn interest by lending out their DAI through the Compound Finance integration. The wallet has an NFT Gallery that supports NFTs on multiple blockchains, including Ethereum, Solana, Algorand, Polygon, BNB, Cardano, Avalanche, and Fantom.
Trust Wallet is a non-custodial wallet that stores private keys in a decentralized manner across millions of devices. This ensures that users have full control over their assets, but it also means that they need to take responsibility for safeguarding their private keys.
Enhanced security features such as two-factor authentication (2FA), robust backup solutions, and data encryption are available to protect users assets.
Trust Wallet also offers additional security features for mobile devices, such as Face or Touch ID. Regular audits by Stateful and a bug bounty program further enhance the security of Trust Wallet.
Trust Wallet Ledger Support
For those that have a Ledger hardware wallet, you will be happy to know that Trust Wallet offers integration support.
On the downside, Trust Wallet is only partly open source and there are no mention of security audits or bug bounties on their website.
Exodus is a crypto wallet that prioritizes the security of users' funds and personal information. Private keys and transaction data are stored locally on the user's device, ensuring that no one but the user has access to their funds.
Exodus Wallet Security
Exodus employs a secure encryption system to protect sensitive data from external threats. The wallet features a built-in backup tool that allows users to easily recover their wallets in case of system crashes or other unfortunate events.
Exodus places a strong emphasis on security and employs world-class security experts to ensure the safety of users assets. They also undergo frequent manual audits and maintain an open-source approach for their software.
Exodus Trezor Wallet Support
The coordinated vulnerability disclosure program in collaboration with HackerOne further strengthens Exodus security. And similar to Trust Wallet, Exodus also offers hardware wallet support but only for Trezor.
Exodus vs Trust Wallet Conclusion
In conclusion, Trust Wallet, with its 60 million users and support for over 70 blockchains, stands out for its wider range of users and blockchains than Exodus.
It offers in-app swaps with third-party DeFi integrations, supports NFTs on multiple blockchains, and provides staking options for over 20 cryptocurrencies.
Trust Wallet also integrates with Binance Pay and Coinbase Pay for easy fiat-to-crypto purchases and offers a Koinly integration for tax filing purposes.
On the other hand, Exodus Wallet, with its 2 million users and support for multiple platforms, offers a built-in exchange for seamless cryptocurrency swaps and the convenience of buying crypto with fiat currency.
Exodus Wallet has the advantage of also offering it's services on Desktop which is not available via Trust Wallet.
Exodus also provides a staking service for popular cryptocurrencies and features an NFT Gallery that supports NFTs on various blockchains.
Both wallets prioritize security and give users full control over their private keys. Trust Wallet employs security measures such as two-factor authentication and regular audits, while Exodus ensures security through its encryption system and frequent manual audits.
Jack is a crypto writer and reviewer who has been active in the space since he caught the crypto bug in 2017. With a passion for trying out new shiny things, Jack is always eager to try the latest cryptocurrency exchanges, wallets or DeFi applications.
