When comparing Electrum vs Exodus, the Slant community recommends Electrum for most people. In the question“What are the best Bitcoin wallets for OS X?” Electrum is ranked 2nd while Exodus is ranked 3rd. The most important reason people chose Electrum is:
Electrum is a hierarchical deterministic wallet meaning both public and private keys are derived from a seed. In case the wallet needs to be recovered, you can do that using the seed. Electrum uses a 12-word mnemonic passphrase and asks you to re-enter the seed the first time it generates the keys to make sure you understand the process.
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Pros
Pro Recoverable by seed
Electrum is a hierarchical deterministic wallet meaning both public and private keys are derived from a seed. In case the wallet needs to be recovered, you can do that using the seed. Electrum uses a 12-word mnemonic passphrase and asks you to re-enter the seed the first time it generates the keys to make sure you understand the process.
Pro Explicit change addresses
Pro Beautiful design
Pro Integrated Exchange
Pro Control your keys
Pro Multi-asset wallet
Pro Lightweight
Pro Very responsive customer service
You can contact their customer service by email or chat.
Cons
Con You have to trust Electrum servers
As with all thin clients, you have to put some amount of trust in the servers that the wallet connects to for verification.