After Exodus is installed on your computer, the most important thing to do is to set up security features — including a password and back up for your wallet. You are able to deposit and withdraw without doing so, but if anyone was to access your computer they would be able to send your money anywhere.
There are two ways to backup your wallet on Exodus. Password protection allows users to have security when opening the program. Without the password, anyone who opens your program will have full access to every feature of the wallet. Second, create a 12-word recovery phrase that will allow you to access the wallet from any computer or mobile device. A Recovery phrase allows users to regain access to the wallet from another location, or if it is uninstalled.
Both security features are the reason you are setting up a wallet in the first place. Here are some steps to activate them.
Exodus security features: Set up password and backup
- Find the “Backup” tab under “Exchange” on the left side of the program.
- Once you’ve clicked on “Backup” the program will ask you to create and confirm a password. The password will allow access to the your copy of Exodus as long as the program is unaltered.
- After your password is created, Exodus will ask you to write down twelve words that can be used to access your wallet from anywhere. This also means that if somebody finds these 12 words, they will have access to all of your funds.
- Choose whether you would like to keep a digital or physical copy of these twelve words. Physical copies are more likely to be lost or damaged while digital copies are more easily accessible to hackers or people on your computer.
- Make sure to keep track of your copies as you can never recover them unless you put your password into the original Exodus that you used to receive the keywords.
Congratulations! Your wallet is secured. The only extra thing you can do at this point is purchase a Trezor Hardware wallet. Trezor is the only hardware wallet that Exodus is compatible with. Using