What are Bitcoin ‘Change Addresses’?
Have you ever examined your Bitcoin receiving addresses on a blockchain explorer like www.blockchain.info and found that their balances don't add up to the total displayed by your Exodus Bitcoin wallet?
Your Exodus BTC wallet balance is actually the balance of all the BTC addresses controlled by your wallet, including receiving addresses and ‘change addresses’ (this could be as many as 10-15 depending on how many receiving addresses you have).
Exodus uses multiple Bitcoin receiving addresses and ‘change addresses’ to protect user privacy.
A 'change address' is an address that leftover transaction-output change is directed to. These are still controlled by your Exodus wallet. Change addresses can get complicated, but it's easier to understand by comparing Bitcoin transactions to cash transactions.
If you want to pay someone $13 for a meal, and you have a $10 bill and a $5 bill, you'd give both to your payee, and they'd give you change back. Hence the name 'change addresses': They receive change!
Bitcoin works slightly differently, as the 'change' you get back is actually from the transaction inputs (the $10 and $5 bills) being squished together into a 'total' and then split apart again, one output going to your payee (the $13) and the change going to your change address (the $2 you quickly drop into a pocket).
This would be like taking the $10 bill and the $5 bill, and melting them together to make a $15 bill, then tearing off a small piece (the $2 change) and giving the $13 wad-of-melted-bills to your payee.
You can audit all of your addresses and their balances at any time by following this process:
And clicking "Export Address" under the Bitcoin 'asset' menu. This will dump a folder with a .csv file containing all your public addresses and their balances onto your Desktop. You can examine these addresses on a blockchain explorer to 100% verify your balance is accurate.
See these articles for more info on change addresses and receiving addresses: