Exodus Wallet

Exodus is one of the newest and most popular digital currency wallets on the market that boasts of ease of use and a strikingly

One of the largest criticisms against Exodus wallet from users is the lack of integration with traditional two-factor authentication methods such as Google Authenticator or Authy. There are two reasons that Exodus opts not to offer support for features such as email backups or 2-factor authentication. One of the reasons is due to potential security breaches and hacks of a user’s email, Exodus wanted to limit reliance on the security of third-party applications.

The other reason is that Exodus, above all else, believes in the privacy and non-custodial rights of their users, as they believe in their communities’ right to privacy and decentralization. Exodus the company, does not collect any personal information on behalf of its users and therefore, email backups are not supported and in order for two-factor authentication to work, the company needs to store a database of user accounts on their servers.

Since the Exodus wallet creates, encrypts and stores all of the user’s information on their local device, adding the support of traditional two-factor authenticator methods was not a plausible addition to the wallet’s security. You can read more on Exodus’ official explanation of the support of 2-FA to learn more.