Exodus wallet is a non-custodial multi-cryptocurrency wallet and is available for both desktop and mobile devices. In this guide, we will be discussing how to use the Exodus wallet for Android?
How to download and Instal Exodus Wallet?
In order to download Exodus Wallet for Android, you need to visit Google playstore and search for it or click here. It has more than 100k plus download and is rated 4.7 stars.
It takes only 30MB of your device’s memory. At the time of writing this article, it was last updated in the month of June 2020. As per the updated news, ALGO was added with built-in staking.
After the download is completed it will automatically get installed like all other apps on Android. After the installation is completed and when you tap on its icon the first screen that you will see is shown below.
How to use the Exodus wallet Android app?
There are three menus that will appear at the bottom of the android app screen. The first is by default highlighted and displays your portfolio balance and individual waller balances. The second one is the exchange menu which when you tap opens a new screen as shown in the below image.
There is a minimum value to exchange any cryptocurrencies. The minimum value can be checked by tapping on Min and the maximum value can be checked by tapping on Max.
At the top right-hand side corner of this screen, you can see a clock icon. When you tap this icon it will display the exchange history. You can replace the cryptocurrency by tapping on the crypto ticker. The icon in between the ticker is for confirming the exchange.
You can exchange almost all major cryptocurrencies using the Exodus wallet for android. You can check the list of all supported cryptocurrencies here.
The last menu is the profile menu when you tap on it a new screen opens up as shown in the below image.
This menu consists of submenus like Security, Setting, and Support. From this screen, you can also enable and disable crypto assets. You can also enable and disable Ethereum assets when you scroll down a little bit more as shown in the image below.
How to create a backup of the Exodus wallet?
Go to Security:
Here you can create your backup, secure the wallet with a passcode, and with a fingerprint scanner. As soon as you create your wallet it is recommended to create a backup with a 12-word security phase as it is the only way to recover your funds.
How to enable notification?
Go to Settings:
Here you can enable notification whenever you receive funds into your wallet, play sound whenever sending, receiving, and exchanging funds. You can also set preferred local currency.
The best feature of the Exodus android wallet is that you can sync it with the desktop wallet here. You can also restore and delete the wallet here.
How to contact support?
Go to Support:
It is here that you will be able to contact the Mobile support team by tapping on it, learn about the Exodus wallet, and check for the status update.
Exodus wallet Staking:
Exodus wallet for android is a multi-cryptocurrency wallet that also supports staking. Proof of stake coins that you can stake using the Exodus wallet are –
- NEO – 2% Yearly interest
- EOS – Click to know about EOS staking
- ONT – 3.5% Yearly interest
- XTZ – 6% Yearly interest
- TRX – 4% Yearly interest
- DASH – 6.5% Yearly interest
- ATOM – 8% Yearly interest
- VET – 1.5% Yearly interest
To know more about Staking on the Exodus wallet you can visit Staking at Exodus blog.
How to send and receive cryptocurrencies?
In order to send and receive cryptocurrencies to & from your wallet you need to first open the wallet and on the Portfolio screen tap on the crypto assets that you want to send or receive. It will open up a new screen as shown in the image below.
In the above image adjacent to the USD value of Bitcoin on both sides, there are two icons. The icon on the left-hand side which has an arrow pointing upwards is for sending cryptocurrency in this case it is Bitcoin.
When you tap on that icon a new screen pops up as shown in the image below. Enter all the details mention there and then click on Next at the bottom. In the next screen, you will be notified about the fee and will be asked to confirm the details once again.
When you tap on the icon that is on the right-hand side that has an arrow pointing downwards, it opens up a new screen where you will find your receiving address and the QR code as shown below.
How to view the Private key on the Exodus Wallet app?
In order to view the Private key of any of the listed cryptocurrency wallets, you have to first tap on the cryptocurrency assets whose private key you want to view. This will open up the send/receive cryptocurrency screen.
At the top right-hand side corner of that screen, you will see a gear icon. When you tap that icon you will see the Advanced options screen, here you will find two submenus.
The first one is Add Bitcoin from Private keys and Multiple Bitcoin addresses. If you tap on the first submenu it will reveal the Private key of that cryptocurrency wallet.
Exodus wallet for android has one of the best user interfaces. It is very smooth and fast to operate and you will just love its graphics. I personally do not recommend users to store a large sum of cryptocurrencies in its mobile wallet.
It also has a desktop version which is considered one of the best desktop wallets to store multi cryptocurrencies. The best part about this wallet is that you can sync the mobile wallet with the desktop. You can read this article to know how you can do that?
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Ethereum Co-Founder Anthony Di Iorio Bets Big on the Future of Cardano and Polkadot
Anthony Di Iorio, a Canadian entrepreneur and the co-founder of leading smart contract platform Ethereum, said that he believes in the potential of Cardano (ADA) and Polkadot (DOT).
In an interview with crypto proponent Anthony Pompliano, Di Iorio, who is also the CEO and founder of Canadian blockchain startup Decentral and crypto wallet Jaxx, revealed that he has a diversified investment portfolio featuring several top projects, including Cardano and Polkadot.
A Big Fan of Cardano and Polkadot
“Now I’ve kind of fallen back to just simplicity. I’m in a number of different projects, but the majority of my stuff is in the top projects. I’m a big fan of Polkadot, I’m a big fan of Cardano.”
Di Iorio went on to narrate why he was so sure of the future of these two projects. He had joined the Ethereum development team earlier in 2012 when he met Vitalik Buterin at a Bitcoin conference.
He has formed strong relationships with other co-founders of Ethereum, including Vitalik Buterin, Cardano’s founder Charles Hoskinson, and Polkadot’s current CEO Gavin Wood.
Di Iorio admitted that while he worked with these men, he knew that they were goal-oriented and would help push these projects further.
“Big fan of Charles, let’s say that. You know, taking some different approaches in the way that they’re doing things, much more on the academic side of what he’s done and bringing stuff forward. Real big fan of Gavin Wood… Knowing those guys from the days back at Ethereum – and knowing their drive and knowing their competitiveness and their smarts – I was able to see those projects for the last few years and know that they were gonna get to where they’ve gotten up to.”
Not Getting Lost in DeFi
Despite all the recent hype about DeFi, Di lorio pointed out that he is keeping his investments simple and investing in larger projects.
“Most of my stuff is in the top few things, Ether, Bitcoin, Cardano, Polkadot. I like Cosmos as well. And there’s a few others, but I’m not getting lost in all the DeFi stuff. I just think there’s not enough time, not enough energy. It’s a full-time gig to be running a lot of that stuff and keeping on top of stuff, so I’ve simplified my life quite a bit over the past few years.”
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Why Amp is the Best Altcoin You’ve Never Heard Of
Crypto Summer Pt. 2
I work with a crypto wizard.
Yesterday the wizard gave me a piece of advice: “Hey man, your fly is down.” After that, he told me to look into Amp, otherwise known as Crypto-Square.
Through this ERC-20 token, retailers can accept Bitcoin, Litecoin or Ethereum without having to wait 10 minutes or more for the network. Today Nordstrom, Lowes, Baskin Robbins, GameStop, Ulta Beauty, Office Depot, AMC Theaters, and Petco are just some of the stores that support Amp.
That’s right, you can go to these retailers and use Flexa’s SPEDN app (pronounced spend) to easily buy things with Bitcoin or other cryptocurrencies.
And if that wasn’t enough, Coinbase just listed Amp yesterday. Coinbase-approved altcoins often skyrocket in price as 56 million users are nothing to scoff at.
Here’s everything else you should know about this project.
There’s only one thing that Flexa and ConsenSys created Amp to do: Act as collateral. Amp guarantees that real-world transactions go through instantaneously due to collateralization.
Flexa, the company that created Amp, is the puppet master attempting to make cryptocurrency the new global financial system. They initially launched a Flexa token years ago, but ditched it for Amp and a close partnership with ConsenSys.
“The new Amp token demonstrates Flexa’s unrelenting commitment to DeFi and to building new technologies that will democratize access to payments for people all over the world,” Tyler Spalding, CEO of Flexa wrote in a blogpost.
Flexa eventually wants to use Amp to guarantee home purchases, loan distributions, and fiat exchanges.
Can you guess it? Go ahead — on three…
Oh, sorry I got excited.
Staking on Amp is just like providing to a liquidity pool on Uniswap or any other DeFi protocol. I just imagine a giant Uncle Sam poster pointing at you saying “we need your tokens.”
This is another reason why Amp works. It follows the old Army adage “K.I.S.S.” or Keep it Simple Stupid. In the past few months, Amp is one of the only altcoins I feel like I can explain to my mother. That’s a good thing.
Three words should make you very bullish about an altcoin: ‘Real-World Use’
Many altcoins over-engineer their projects to death and bog their white papers down with technical mumbo jumbo to make you think their team is smarter than you. Amp is not one of these projects. It keeps it simple, stupid.
Moreover, Amp is the leading technology making it possible for retailers to exchange cryptocurrencies. It’s so ahead of the pack that dozens of businesses are already using it.
It’s a no-brainer 10x, in my opinion.
Amp is trading at $0.06 at the time of publishing with a market cap of $2.59B (for reference the market cap of Ethereum is $276 B)
Large, Luxury Penthouse in Miami Sells for $22 Million in Crypto
One of America’s most luxurious penthouses just sold for more than $22 million – and the deal was completely finalized through cryptocurrency. The home consists of four bedrooms and is located within a condo building known as Arte by Antonio Citterio, which is situated in Miami Beach, Florida and designed by real estate developers Alex Sapir and Giovanni Fasciano.
Miami Real Estate and Crypto… A Perfect Match?
While crypto-real estate deals have been occurring over the past seven years, they are not common in any way, shape, or form. Typically, in America, all deals close through USD, but both Sapir and Fasciano expressed their excitement over the event and said in a recent interview that they always felt real estate and crypto went hand in hand… It was just a matter of time before people realized that, and as a result, they have consistently been open to homebuyers looking to pay their way with digital currency.
Sapir explains that there were several offers made on the residence, many of which would have also been done with crypto. He explained:
There is a strong, pent-up demand for cryptocurrency transactions that are seamless and secure for both parties, and the deal at Arte is a prime example of that. We were overwhelmed by the amount of calls we received from qualified buyers just after announcing our ability to facilitate cryptocurrency transactions. Real-world crypto transactions have not made their way fully into the mainstream yet, so it is quite clear top holders around the world pay attention when new opportunities to transact open up.
Fasciano says that with this sale, he has no doubt Miami could become a leader in crypto-based real estate sales, and he is hopeful that this will attract more digital investors to the housing mix. He says:
We are making Miami real estate history with this sale, as we were the first new development to facilitate this kind of cryptocurrency transaction, and to do so successfully so quickly after announcing. Cryptocurrency is the future of wealth, and we believe this is only the beginning. Arte has set the precedent for what these sales can look like and how fast they can take place. We are proud to have laid the groundwork for this new, burgeoning world.
Why Crypto Works Well
Sapir further stated what it was that inspired them both to accept crypto in the first place:
When we first set out to develop a boutique, resort-style oceanfront condominium for only 16 owners, no one had ever heard of anything so luxe and at such a small scale in Miami. It did not deter us, and we wanted to get ahead of a future world where half the world’s billionaires could have easily made their wealth from cryptocurrency. The quick sale of the Lower Penthouse at $22.5 million proves the success of the concept.
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