Along with managing funds, the primary function of your Exodus wallet is to be a safer place to store assets than an exchange. Add Exodus security features before depositing funds.
Sending crypto is where you can experience the magic of the blockchain or the first time. You will be sending digital value without the need for a middle man.
The only knowledge you need before depositing and withdrawing is that your crypto is stored on an address. Having access to that address will allow you to send the contents to another address on the same network. Locate the asset you wish to transfer in order to get started.
Adding your coins
- On whichever exchange or wallet you are holding your crypto on, find a button that says “withdraw” or “send.”
- Decide how much of the asset you would like to send to the wallet.
- Scan the QR code with your mobile device or carefully copy and paste the Exodus wallet address into your destination . You can find your Exodus wallet address by going into the “Wallet” section and clicking “Recieve” the asset you are moving.
- Once you have confirmed your withdrawal, all that is left is to wait until it is accepted on the blockchain. My withdrawal from Cash App to Exodus took less than 5 minutes, but varies depending on many factors
Sending them somewhere else
- On Exodus, click the “Wallet” tab on the left side of the app.
- Whichever crypto wallets you have value stored in should be on the top of the list of wallets. Click on whichever coin you are trying to withdraw.
- Click on “Send” in the middle of the screen and you will be prompted to enter the address you would like to send it to.
- Find that address on the platform of your destination. For instance, on Coinbase you will click on the “Accounts” tab, then choose whichever wallet matches the asset you are sending, and press “Receive.”
- Once you find the “Receive,” or “Deposit” button if you are on Cash App, you will see a QR code and an address comprised of numbers and letters. Either copy the address exactly or use your camera to scan the QR code if you are using a mobile device. If you choose to copy the address, make sure everything is accurate with no extra spaces, otherwise you will lose and never be able to recover what you send.
- After you press “Send,” Exodus will bring up another window displaying the information you entered to make sure that it is correct. If everything looks right, press “Send” once again.
Since copying the long and random blockchain addresses can be a delicate process, most sites include their own “copy” button near the address. Always use their copy feature rather than highlighting the text since there is less room for error.
Transaction confirmations usually come with an e-mail from the destination. After the first network confirmation, the funds may still be pending. Coinbase requires up to 6 network confirmations before the Bitcoin is available to trade. Different coins have different processing times, but on an average day the process won’t take more than 30 minutes.