The several hrs wait seems like a hassle, do I have to click sync?
Exodus receive address appears without having to click sync and wait needlessly around for several hrs. Can I start receiving xmr with this or do I need to sync and wait around hrs? I am confused is it mandatory to click sync or should I ignore it?
All wallets have to be synced with the blockchain in some way. Full node wallets download and verify the entire blockchain history, so it takes some time when it's done for the first time, and requires more storage space on your machine. Light wallets, like Electrum or MetaMask, don't require full synchronization but rely on external servers for information, so you sacrifice a bit of your privacy by using them.
Is this exodus a HD (Hierarchical Deterministic) wallets as I need the capability to generate new addresses for both receiving and sending transactions.
The vast majority of modern cryptocurrency wallets are Hierarchical Deterministic (HD) wallets.
To switch off exodus do I just click close (upper right blue icon). No password required?
Some wallets may not require a password by default, but using a password to encrypt your wallet is always recommended for added security. For convenience, the password is usually only required to open the wallet, not when closing the software.
I'm still deciding on a second desktop wallet that's HD (Hierarchical Deterministic) for monero and btc. Which way should I go. I have Electrum for btc and Exodus for alt like xmr would there be benefit in getting one more hd? I really after HD (Hierarchical Deterministic) desktop wallet as I need the capability to generate new addresses for both receiving and sending transactions with monero.
If you have become comfortable with the Exodus wallet, there's no need to switch unless you have a specific reason. Of course, exploring new options is always fun! But before diving in, remember to prioritize security. Ideally, test new software on a machine you don't use for crucial stuff. If that's not possible, consider using a virtual machine or a dual-boot system.