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Crypto Currency Exchanges:
Our Review of Exodus.com

Exodus.com

What is Exodus?

Exodus is self-custodial crypto currency software wallet platform, which has Web3 Wallet embeded in Exodus, which allows you Surf Web3 from chain to chain using Chrome and Brave browsers.  Exodus also has a partnership with Trezor, which its hardware wallets now work with Exodus, so you can easily take your crypto with you. 

What is the name of the company who made the software?

What is the address of the company?

The address of this company is 15418 Weir St. #333 Omaha, NE 68137.  This company was founded in 2015; The company has been doing business roughly 10 years prior to thier review on Peer Reviewed Products.  It was founded by Jon Paul Richardson and Daniel Castagnoli.

Who are the founders of this company and who is currently running the company?

Mr. Richardson served as the president of Exodus from July 2016 until July 2019. Mr. Richardson is the current Chief Executive Officer and Director.  According to Exodas Movement, Inc., Mr. Richardson holds a Bachelor of Science in electrical and computer engineering from the University of Nebraska in Lincoln, NE.

According to Exodus website, James Gernetzke has served as our chief financial officer since March 2019.  Prior to joining Exodus in 2019, Mr. Gernetzke served as the chief financial officer of Banyan Medical Systems, Inc.  Prior to that, Mr. Gernetzke served as director of finance at First Data Corporation. Mr. Gernetzke is a registered Certified Public Accountant in the State of Illinois and holds a Bachelor of Science in accounting from Marquette University and a Master of Business Administration from Northwestern University Kellogg School of Management.

Their desktop software application is available on Window, Mac, and Linux.  You can also use a variety of smart phone applications that you can obtain for IOS for Apple phones and devices and Google for Android devices

How many people use Exodus?

There have been a million plus downloads of Exodus application on Google with an average rating of 4.6 at the time of this post on Peer Reviewed Products.  On the Apple store Exodus has a rating of 4.6 with 26,500 reviews and ranked #168 in finance

What we found about Exodus

One of the most important things we found was some crypto is not United States friendly when trying to buy from certain networks.  Some people find this difficult to understand and will tie up there money, so before you go Gonzo or Extreme in buying you should do some research into the currency you are buying.  Another very important factor is the network you are buying your cypto currency from.  Again, some networks, can not sell you crypto currency in the United States as they have not been approved by the U.S. Security Exchange Commission, but some exchanges will sell you that crypto which are tied to those exchanges.  Whether is this is accidental or because that exchange doesn't understand the law, it does happen and it makes it extremely hard to use that currency, because you need to pay the gas fees for that network.  So, if that network is not allowed to do business in the United State's and you buy that crypto from that network, you could have serious issues transferring, swapping, or selling your crypto, so you need to be careful of the the crypto you are buying.

What is crypto and how does it work?

We are not professionals using Crypto currency, but we found out from our learning experience that there really isn't a lot of information on all this listed in one area and if you make a mistake learn it can be costly, so we have listed some information here to help you understand what crypto is and how it works.  We are not going to take a deep dive in to great detail, but hopefully we will answer enough of questions to get you started, if choose to dip you foot into the waters.  If you already know about crypto, you may skip over this section.

Crypto currencies have names like Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), Binance Coin (BNB), DOGE coin (DOGE) and there are many other types of names for crypto too.  Here's were it gets interesting, not all of these crypto currencies are the same, some are coins and some are tokens.  All these names listed above are either a coin or a token.

Tokens operate similar to coins, but they are not the same thing.  Both are a types of crypto currency (coins and tokens) rise and fall in price like stocks do and finally both coins and token use blockchains to validate transactions.  This is where gas fee's come in.  When you buy, sell, swap, deposit, or withdraw crypto you must use some type currency exchange and these crypto currency exchanges charge gas fees to transfer the crypton or to convert the crypto into currency like U.S. dollars, Canadian dollars, Euro's, English pounds, and other type of world currencies.

Our experience with Exodus

Our founder was testing a variety of software wallet applications mostly with crypto currency exchanges and our founder found had issues and challenges in transferring his crypto out of the currency exchanges after depositing his cash and converting the cash to stable crypto currency.  In fact, in most cases, he had to get his bank involved because the crypto currency exchanges where not releasing the fund to be transferred to other exchanges, other wallet, or even his own bank.

We had some issues transfer money to Exodus, but it was one of his banks who was making it difficult to do the transfers, another one of his banks who not allow him to use his ATM card but he could use his Visa card.  Our founder did not try a bank transfer.  How it works is you use a exchange service that works and has partnered with Exodus and you make the transfer within the Exodus application, which connects to the that exchange service in order to exchange and transfer your funds to the Exodus wallet.  There are small fees, which are called gas fees, to exchange your currency to a crypto currency.  Some of these gas fees for crypto cost more than others.

• Attribution: Peer Reviewed Products™ | Product Review Attribution: Systems Analyst - Alan Hoffer | Author(s): Alan Hoffer  | Date of Article: February 25, 2025 | Product Review Photo/Video Credit: Snapshot photo

Crypto Currency Exchanges:
Our Review of Crypto.com

Crypto.com

Who is Crypto.com?

As of 2025, Crypto.com is a private crypto currency exchange service in Singapore.  The address of this company is 1 Raffles Quay, #25-01 Singapore 048583.  This company was founded on June 2016; a little over 8 years ago since this post here on Peer Reviewed Products.  It was founded by Bobby Bao, Gary Or, Kris Marszalek, Rafael Melo and was initially founded in Hong Kong.  According to the information we were able to obtain, Crypto.com is operated by Foris DAX Asia, which is a Singapore-based company that's a subsidiary of Foris DAX MT (Malta) Limited.

Their exchange application uses an Lynx and Apple base Android and IOS based application, but you can also use the web interface on Microsoft Windows, macOS, Linux, Android, and iOS operating systems.

How many people use Crypto.com

According to information we obtained through multiple sources, the company had a 10 million users in February 2021.  Its been reported that they have more than 50 million active users as of May 2022 and 80 million users as of June 2023, but we could not officially confirm this information.

What we found about Crypto.com

In January of 2022, Crypto.com was the victim of a hack totaling US$15 million stolen in Ether crypto currency.  Users reported suspicious activity on their accounts and the company paused withdrawals after many complaints.  Withdrawal services were later restored alongside a statement from the company that no customer funds were lost but according to reports.  We did research into this and found that analysis who did peer reviewed the company's statement had found that $15 million in Ether was gone.  Ether is a crypto currency.  You may click on the underlined link.

We were able to confirm on June 09, 2023, that Crypto.com said it will shut down its institutional exchange service for US customers in less than two weeks from that date of the Forbes article that was done on Crypto.com.  The company, Crypto.com stated that demand was drying up in the United States. Hmm, we wonder why?

We found out that Crypto.com’s decision to drop their United States exchange may have came from the Security and Exchange Commission (SEC) to drop because of U.S. government pressure on other crypto currency exchanges.  Another crypto currency exchange called Binance, which had U.S. division announced that users would no longer be able to trade the U.S. dollar on its platform following a lawsuit from the Securities and Exchange Commission.  The SEC did sue another crypto exchange called "Coinbase" for an alleged breach of trading rules.

What happened when we used Crypto.com

Our founder signed up for a new account to buy and trade crypto currencies to see if this was something he would be interested in.  After reading through the disclosers for funding the account, the sign up appeared to be fast.  The account was funded in minutes after filling out the require information and doing an Automated Clearing House (ACH) transfer.  Just, so if you don't know what an ACH transfer is, it is an electronic network for financial transactions in the United States.  ACH processes large volumes of credit and debit transactions in batches.  In Crypto.com's online advertisement they claim it only takes minutes to fund you account.

You can buy stable crypto on this site from our experience, but you can't transfer it to a cold wallet or transfer it to another crypto futures exchange or pay anyone with it.  Even after the so-called hold they put on our money and crypto, which was over 5 days as advertised, we were still not able to transfer any crypto or buy anything with the crypto.

Eleven days later after converting the cash to crypto and losing money on the stable crypto, we still are unable to transfer the crypto to anyone after being converted from U.S. money to USDT or USDC stable crypto.  Crypto.com is false advertising and committing fraud to would be customers.  It's no wonder why the Securities and Exchange Commission is watch these organizations, because they are not following the rules.

If you buy crypto use extreme caution when dealing with Crypto.com and Coinbase.com.  Both of these companies do a bait and switching, false advertising. We also believe they may be committing fraud and they will fee the hell out of your funds if you exchange your U.S. money for stable currency or Bitcoin should the value drop on these crypto's.  We even noticed that other exchanges are not losing this kind of value on stable coin currency.  We lost $8.00 per two hundred dollars in the matter of days after, we put money in the account and bought stable crypto, and were not been able to move the crypto either.

• Attribution: Peer Reviewed Products™ | Product Review Attribution: Systems Analyst - Alan Hoffer | Author(s): Alan Hoffer  | Date of Article: January 21, 2025 | Product Review Photo/Video Credit: Snapshot photo done by @Teapartier_Al on X.com