How to swap crypto within Exodus Wallet?

Understanding the Exodus Wallet Interface

1. Upon launching the Exodus wallet, users are greeted with a clean dashboard displaying their asset portfolio. The interface is designed for intuitive navigation, making it simple to locate the swap function. Each cryptocurrency held in the wallet appears as a tile, showing the balance and current value in USD.

2. In the top-right corner of the main screen, a prominent Swap button is visible. Clicking this initiates the exchange process. Before proceeding, ensure your wallet has sufficient funds and that you're using the latest version of the Exodus application to avoid compatibility issues.

3. The platform supports a wide range of cryptocurrencies including Bitcoin, Ethereum, Litecoin, and numerous ERC-20 tokens. This diversity allows users to switch between assets based on market conditions or investment goals without leaving the app environment.

4. Real-time pricing data is pulled from integrated exchange partners such as Changelly and ChangeNOW. These third-party providers facilitate the actual transaction behind the scenes, while Exodus acts as the user-friendly front end managing key handling and transaction signing locally on the device.

Initiating a Cryptocurrency Swap

1. After clicking the Swap button, users must select the cryptocurrency they wish to send. This can be done by choosing one of the displayed asset tiles or using the search bar if dealing with lesser-known tokens.

2. Next, choose the destination currency—the asset you want to receive after the swap. The system instantly calculates an estimated output amount based on current market rates and provider liquidity. A dynamic slider may appear allowing adjustment of the send amount.

3. Transaction fees are clearly outlined before confirmation. These include network fees for both sending and receiving chains, plus any markup applied by the exchange partner. Users should review these costs carefully, especially when swapping low-value amounts where fees could represent a significant percentage.

4. Once both currencies and amounts are set, the preview screen shows all details: input quantity, expected output, exchange rate, total fees, and estimated completion time. If everything aligns with expectations, click 'Exchange' to proceed.

Completing the Transaction Securely

1. After confirming the swap, Exodus generates a secure transaction request signed with the user’s private keys—never transmitted over the internet. This ensures control remains entirely within the user's possession throughout the process.

2. The actual transfer occurs off-chain through the partnered exchange service. Most swaps complete within minutes, though some may take up to an hour depending on blockchain congestion or token-specific verification requirements.

3. Users receive email notifications upon initiation and completion of the swap. Additionally, the Exodus activity log updates in real time, showing status changes from “Pending” to “Completed” once the new assets arrive in the wallet.

4. It’s crucial not to close the application during processing. Doing so might interrupt communication with the exchange API, potentially delaying confirmation or requiring manual follow-up via customer support channels provided by the integration partner.

Frequently Asked Questions

Can I cancel a swap after initiating it?No, once a swap transaction is confirmed and broadcasted, it cannot be canceled. Cryptocurrency transactions are irreversible. Always double-check recipient details and amounts before finalizing.

Why does my swap show as pending for a long time?Delays can occur due to high traffic on the involved blockchains, temporary issues with the exchange partner, or required confirmations for certain tokens. Most pending statuses resolve automatically within a few hours.

Are there limits on how much I can swap?Yes, Exodus enforces minimum and maximum thresholds per transaction. These vary by currency pair and are determined by liquidity providers. Minimums typically start around $10 worth of crypto, while maximums can reach several thousand dollars depending on the asset.

Is my private key ever shared during a swap?Absolutely not. Exodus never transmits your private keys to external servers. All signing happens locally on your device. The swap relies on atomic-like mechanisms where the exchange partner sends the output currency only after verifying receipt of your input funds on-chain.