Exodus is a software wallet that helps you store your cryptocurrency safely. You might think about withdrawing your money from Exodus. Do you know how to withdraw money from Exodus? If not, here is a complete guide to the procedure to withdraw money from Exodus.
Exodus is one of the best choices for beginners. It is an easy-to-use wallet that helps you to store your crypto. One of the biggest confusion people have is whether Exodus allows users to withdraw funds or not? This post will tell you if it is possible and help you understand how to withdraw money from Exodus.
Nowadays, users need to understand the benefits and drawbacks of the wallet. Along with that, you must be aware of the features offered by that wallet. Exodus is a wallet with various features and benefits. The wallet supports various coins and does not allow users to withdraw money from its platform. So, how to withdraw money from Exodus?
There are certain walkarounds to withdrawing money from Exodus. If you are looking for more details related to withdrawing money from Exodus, this post will surely help you. The guide includes the steps to be followed to learn how to withdraw money from Exodus. By the end of this post, you will be able to get all the information you are looking for. So, let us begin the post and learn how to withdraw money from Exodus.
What Is Exodus?
Exodus is one of the popular wallets used by various users. It first came as a desktop wallet and emerged into the market in 2016. It is the first desktop wallet fully compatible with the ShapeSwift crypto exchange. The wallet stores around 70+ cryptocurrencies and 33 ERC-20 tokens. It is an easy-to-use multi-cryptocurrency wallet for mobile, desktop, and hardware devices. It is the best choice for beginners. The wallet includes various features for its users. Users can buy, sell, and swap currencies on their internal exchange.
Users also have access to buy, sell, send, or receive NFTs within the NFT marketplace of Exodus. It also allows 24/7 customer service for its users. There has been an absence of security breaches in the past five years that attracts new users to choose Exodus comfortably. The number of users is increasing every day who are shifting towards Exodus. Let’s move to the pros and cons of these wallets before learning how to withdraw money from Exodus.
Pros And Cons Of Exodus
Let us check out the pros and cons of Exodus before finding out how to withdraw money from Exodus.
Pros of Exodus
- Easy-to-use interface
- A wide range of cryptocurrencies is supported.
- Seamless linkage to decentralized finance and exchanges
- Allows users to retain private keys
Cons of Exodus
- Lacks custom network fees for altcoins
- Can’t generate new addresses
- Two-factor authentication is not available
Let us now find out how to withdraw money from Exodus.
How To Withdraw Money From Exodus?
If you ever wonder how to withdraw money from Exodus as it doesn’t allow you to do so, here is an answer. You can use various options like Coinbase, FTX, Cash app, etc. You can simply exchange crypto to USD in these exchanges and then withdraw USD from them. Let us check out the steps and walkarounds to find out how to withdraw money from Exodus using these options.
1. Digital Currency Exchanges
The most common option is trading on Digital Currency Exchanges. You can use any popular exchanges like Coinbase, Crypto.com, etc. Here are the steps of how to withdraw money from Exodus using Digital Currency Exchanges.
- Open the Exodus application.
- Press the Send button
- Select the Cryptocurrency you wish to transfer
- Enter the Address of the Digital Currency exchange you are choosing (You can find the address by pressing receive on that exchange, copying it, and pasting it)
- Select the Amount and Confirm the transaction
- Transform your cryptocurrency to fiat by selling cryptocurrency from the exchange
- Add a Payment method by going to settings
- Select the Withdraw option
- Enter the Amount you wish to withdraw
- Add your Account Details and press Continue
Though many steps are involved in the process, it is not tough to withdraw money from Exodus using Digital Currency Exchanges.
2. Peer-to-peer Exchange
If you aren’t interested in dealing with centralized exchanges, you can choose decentralized ones like Paxful, Bisq, etc. Let us learn how to withdraw money from Exodus using a decentralized exchange.
- Find your wallet and click on Receive
- Copy the Address to your Exodus account
- Create an Offer
- Choose the cryptocurrency you wish to sell
- Select the Sell option
- Confirm your Payment method
- Choose between Market and Fixed Price
That’s it! You can easily withdraw money from Exodus with these simple steps. You can choose any of these options and follow the steps to withdraw money from Exodus.
Exodus doesn’t allow direct fiat withdrawals. This article has all the necessary details and helps you learn how to withdraw money from Exodus. We have also provided you with the details related to Exodus and its pros and cons. We hope you have understood how to withdraw money from Exodus with the help of our article.
You can now try these steps to withdraw money from Exodus. If you are stuck somewhere or have issues, you can comment below. Do share your experience of withdrawing money from Exodus with us.
Frequently Asked Questions
Q1. Is Exodus A Secure Wallet?
A. Exodus is as secure as many other software wallets. It offers password protection and an automatic wallet lock after a certain time.
Q2. How Does Exodus Make Money?
A. Exodus usually makes money by charging a small commission from trade when users exchange assets via Exodus wallet. It also uses several other methods to make money.
Q3. What Are The Best Crypto Exchange For Fiat Withdrawals?
A. Some of the best exchanges for fiat withdrawals are Binance, Butfinex, CEX.IO, etc.
Q4. Can I Get Dollars Out Of Exodus?
A. No, you cannot get dollars out of your Exodus wallet. The wallet just holds your crypto. You can exchange cryptocurrencies using this wallet—for example; you can exchange Bitcoin for USD Tether.