What is an ERC20 Token and does Exodus support it?
If you’re reading this page, you’ve probably heard the term ERC20 Token thrown around in the crypto world. ERC stands for Ethereum Request for Comments. This is an official protocol for proposing improvements to the Ethereum(ETH) network. '20’ is the unique proposal ID number.
Sometimes, token contracts do not handle token transfers correctly, sometimes because the fee was too low, or the contract was incorrectly programmed. In these cases, examining your transaction on a blockchain explorer like Etherscan will show an error:
By now, you may have noticed that within your Exodus wallet, your ANT, GNT, REP, BAT, TUSD and all other ERC20 Tokens (Including those on the Ethereum Asset Section) share the same receiving address as Ethereum (ETH). Now you know why!
Keep in mind that this only applies to Ethereum (ETH), and not to Ethereum Classic (ETC); Ethereum Classic has its own independent platform and protocols for smart contracts.
You can find an up-to-date list of our supported assets (Including ERC20 Tokens) here.
What happens if I send an unsupported ERC20 token to my ETH address on Exodus?
Your Exodus ETH Address is capable of receiving any ERC20 token regardless of whether Exodus supports it or not, but unsupported Tokens will not be visible on the Exodus Interface. You can manage your unsupported ERC tokens manually using your Private Key.