Use a random, strong and unique password that you don't use anywhere else. This ensures that if anyone opens Exodus on your computer, they won’t be able to decrypt your private keys and access your wallet’s funds without knowing your password. It encrypts your private keys (and the assets they control) on your computer. Your password is extremely important, too. Your 12-word phrase is meant to be kept hidden and used only as a last resort.
#ENPASS IMPORT EWALLET FULL#
In other words, the 12-word secret recovery phrase itself will give full access to all of your blockchain assets to anyone who has it! All of your private keys are mathematically derived from your 12-word phrase, also known as the seed or secret phrase.
Your 12-word phrase is the “master private key” to all of your assets. Simply restore your wallet, and Exodus will gather all of your balances, transactions, and exchange history, so that you can pick up where you left off!ĭuring the Backup Process, you create your wallet's password and must write down your 12-word secret recovery phrase.Īll of these are really important and they are all private information for your eyes only!īackup components 12-word secret recovery phrase You only have to backup once! Once you have your 12-word phrase, you don’t have to worry about losing your funds if something happens to your device. Therefore, during the backup process, make sure to write down your 12-word phrase on paper and create your wallet's password. All you would have to do is import your 12-word phrase into another similar solution. This also means that if something goes wrong at Exodus (we get hacked, we shut down, etc.) you still have control over your assets.
You alone are in full control and responsible for creating a backup and keeping your 12-word phrase safe. If you lose access to your wallet, we cannot help you recover it. We do not store your 12-word phrase nor password and cannot retrieve or reset any of these items for you. On the other hand, Exodus gives you the tools (a wallet with an easy to use interface) to access the blockchain so that you can send and receive funds as you wish, putting individuals in full control of their wealth.Įxodus the company does not control nor have access to your funds. As it stands right now, when you deposit your money into a bank account or your crypto into an online exchange wallet, you are entrusting the bank or exchange to hold onto your funds. One of the reasons Bitcoin was created was to give control of money back to individuals. Your private keys are generated on your local machine and remain there.īacking up your wallet is the most important thing you can do to protect your funds and make sure you will always have access to your crypto. We do not store your private keys, password, or 12-word phrase on our servers. If you ever lose access to your wallet, your 12-word secret recovery phrase will not only restore access to your funds on the blockchain, but also your exchange details and any personalized wallet settings you may have set. Your metadata is encrypted with your 12-word phrase so only the holder of this 12-word phrase can access the data. No one at Exodus can recover a lost wallet or reset a password for you.Įxodus automatically updates your wallet settings and transaction metadata on our servers since this information is not stored on the blockchain. For this reason, only you should ever have access to your backup. In case something happens to your computer or phone (you lose it, it breaks, etc.), your wallet’s 12-word secret recovery phrase allows you to restore your wallet on another device.
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