As one of the most feature-packed desktop wallets available, Exodus has quickly risen to become one of the most popular cryptocurrency wallets in 2019.
Part of the reason it is so popular is due to its extensive selection of supported cryptocurrencies, allowing Exodus users to store practically their entire cryptocurrency portfolio in one place.
Thankfully, as a multi-asset wallet Exodus allows you to not only store close to 100 digital assets, but also provides in-built exchange functionality for most of these, allowing you to exchange cryptocurrencies within your portfolio without leaving the app!
To complete this tutorial, you will need to have installed Exodus on your device. If you haven’t yet installed Exodus, check out our installation guide, otherwise, continue below to learn how to exchange your cryptocurrencies within Exodus.
Step 1: To begin the exchange procedure you will first need to fund your Exodus wallet, this could be funds sent from an external wallet, or from an outside source.
Step 2: To receive funds, simply open up your Exodus wallet, click the ‘Wallet’ tab on the left, then search for the cryptocurrency you are looking to exchange using the search bar at the top. In this case, we will be looking to exchange Ethereum, so we have typed in Ethereum in the search box.
Step 3: If you already have balance in one of your wallets, this will automatically be shown at the top of the supported cryptocurrency list. If this is the case, you can simply select this, then skip ahead to step 5.
Step 4: After searching for your cryptocurrency, you’ll be able to see your current balance, and will be presented with ‘Send’ and ‘Receive’ options. Select the ‘Receive’ option to pull up your wallet address. This is the address you will need to deposit your funds to.
Note that your address will be different from the one shown in our example.
Step 5: Once you have deposited your funds, you will be able to check your balance by again searching for your wallet in the ‘Wallets’ tab. Once your balance has been confirmed, you will be able to head over to the ‘Exchange’ section to begin the exchange process.
Step 6: In the exchange menu, you will be presented with a simple exchange interface. On the left, you will be able to select the cryptocurrency you will be exchanging by clicking the purple selector. In this case, we have selected Ethereum.
Step 7: Now that you have selected the cryptocurrency to exchange, you now need to select the cryptocurrency you want to receive in return. This can be achieved by using the orange selector on the right half of the screen. In this case, we will select Bitcoin, but it can be whichever cryptocurrency you choose from the available options.
Step 8: After you have selected your exchange pair, you will then need to choose how much of your balance you want to exchange. In this case, you can either type in a specific amount, or you can use the ‘ALL’, ‘HALF’ or ‘MIN’ buttons to automatically select the proportion of your balance to exchange. In this case, we have selected ‘ALL’ which will use all of our available funds for the exchange.
Step 9: After you have selected the amount to exchange, the conversion rate will be automatically shown at the bottom. In this case, we can see that we will receive a total of 0.00031 BTC for our ETH.
Note that there are different minimum exchange amounts for different cryptocurrencies. This tends to be around $15 to $30 for most trade pairs.
Step 10: Once you have selected your trade pairs, have entered your amount and are happy with the exchange rate, click the ‘EXCHANGE’ button to complete your trade! After this, you will automatically be credited with the amount shown during the exchange confirmation, which will then be visible in the appropriate wallet.
If you followed the above steps correctly, you should now have completed your first in-wallet cryptocurrency exchange. Congratulations! If you want to get even more out of your Exodus wallet, check out our other tutorials!