How do I get started with Exodus?
Welcome to Exodus - a multi-asset cryptocurrency wallet designed to empower you with financial autonomy!
In this article, we explain the steps needed to use your wallet so you can begin controlling your wealth.
In this article
You can download Exodus as a solution to store multiple digital assets (cryptocurrencies) without giving up control of your wealth to a third-party.
Exodus is software that runs locally on your computer and enables you manage your blockchain portfolio. No account signup is required. Everything is stored and encrypted on your own hard drive.
Receive your first deposit
Your wallet will first need to receive any amount of a blockchain asset in order to activate your wallet.
If you don't currently hold any crypto, you will need to acquire some before using Exodus. Exodus is a crypto to crypto platform and does not interact with the traditional financial system. You'll have to use another service to buy crypto if you don't already have some. There are many services (local exchanges) that will help you turn your fiat money like USD, EUR, CAD, etc into crypto-currencies. Do not hesitate to research local services running in your country. Coinbase, Gemini and Kraken are among the most popular options for people in the US and in the EU.
First transaction and backup
The first transaction to your wallet is an important event because it will unlock the full potential Exodus.
When Exodus receives your first deposit, it will allow you to go through the backup process which includes creating a password for your wallet.
You will also receive the (randomly generated) 12-word “seed” of your wallet. This is a 12-word phrase that functions as a master key to all of your assets. With these 12 words, you will be able to access your balance from anywhere in the world or even transfer all your funds to another wallet if you wish. It will also give you access to your wallet if you forget your password or lose access to your computer (and Exodus) for some reason!
Write this phrase down on paper and store it safely offline! Do not store a digital copy of it.
Once you have done a backup and chosen your password, you will be asked to enter your self created password each time you want to log in to your Exodus wallet. To log out, you simply close the Exodus app window. Upon closing it, your assets and wallet files will remain encrypted by your password.
One of the most popular features in Exodus is the instant exchange feature which enables you to securely and quickly exchange assets directly from your wallet. You can trade between 70+ fully supported blockchain assets. No sign up or account creation is necessary. Exodus makes it easy to exchange from the privacy and comfort of your wallet with just a few clicks.
A note on security
Exodus gives you the power to control your digital wealth, this is why we do not store any of your personal information nor your wallet files on our servers. That's right, we cannot even see your balances unless you share this information with us. Our goal is to educate and empower people so they can be their own banks. You control all your private keys and nobody will ever be able to freeze, seize or access your funds. This is financial sovereignty.
This is why being security minded is vital. You have all the power but also the full responsibility for your assets. Your wallet files are stored on your hard drive under heavy encryption, but your wallet is only as secure as the computer it is running on.
The first thing you should learn about cryptocurrencies is how to keep them safe.