As one of the most popular cryptocurrency wallets available, Exodus has taken precautions to ensure its user’s funds are protected at all times, ensuring that no matter what happens, funds are never beyond recovery.
In order to be as safe and fool-proof as possible, Exodus automatically provides users with a 12-word recovery phrase when setting up the wallet for the first time. This 12-word phrase can be used to restore your wallet should you ever lose access to your assets for any reason, such as if your computer breaks, or you forget your password.
Besides Exodus, you can also use this phrase to import your wallet into a variety of other clients. Since Exodus uses the BIP39 standard to generate recovery phrases, your recovery phrase can be used with all BIP39 compatible wallets, such as the Ledger Nano S, Trezor and Mycelium.
To recover your funds using this tutorial, you will need your 12-word seed phrase at hand.
Restore Your Wallet from a Backup
Step 1: To restore a wallet from a backup phrase, you will need to open Exodus, and on the initial welcome screen you will find the ‘Restore’ option, click this to begin the recovery process.
Step 2: On the subsequent screen you will be prompted to enter your 12-word recovery phrase. This is the 12-word phrase you were provided when you first created your Exodus wallet, consisting of 12 non-capitalized English words.
Step 3: Enter your 12-word phrase in the correct order in the fields available, taking care to ensure the correct spelling and order. To speed things up, simply enter a space after each word to automatically jump to the next field.
Step 4: After you have entered the correct recovery phrase, click the small arrow to the right of the final word.
Step 5: After clicking the arrow, Exodus will automatically check the validity of your recovery phrase, and will begin restoring your backup if you entered the correct code. This process should take no more than a minute, after which you will be able to access your wallet.
Step 6: After recovering your wallet, you will be asked to create a new password which will be used to access Exodus. Note that if you had a password prior to restoring your backup, this will be lost.
Here, select a secure password that only you know, and ensure that it’s one you will remember, click the ‘NEXT’ button.
Step 7: Exodus will then ask you to confirm your password, and will then provide your recovery words again. You shouldn’t need to write these down again you should already have them — how else did you just recover your wallet?
Step 8: Click ‘NEXT’ to skip this step, and confirm your backup by selecting the word that is part of your recovery phrase. Once this is complete, you will now have regained full access to your wallet! You can now navigate to the ‘Wallet’ section to check your balances, and confirm that you have recovered the correct wallet.
After restoring your wallet, you may want to backup your private keys individually, this will allow you to import your balances into other wallets, and can be a lifesaver when it comes to recovering lost funds.