Protect Your Crypto with Exodus, Episode 1

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Quickly learn about your 12-word secret recovery phrase and how important it is that you keep it secret.

Your secret recovery phrase is the key to your wallet and controls access to all your funds.

A secret recovery phrase generates all of the private keys in your wallet. Each receive address for every crypto has its own private key. The private key is used to authorize transactions and prove ownership of your funds. All private keys in Exodus are generated from and tied to your 12-word secret recovery phrase.

If anything happens to the device your wallet is on, like your phone is lost or stolen, or your computer crashes, the only way to recover your funds is with your 12-word secret recovery phrase. You can restore your wallet on another device by entering your secret recovery phrase into a new wallet.

Secret recovery phrases, also known as mnemonic phrases, or seed phrases, can be any length, but they are usually 12, 18, or 24 words.

Exodus secret recovery phrases are always 12 words.

Your 12-word secret recovery phrase is encrypted and stored on the device where you install Exodus.

We do not store your secret recovery phrase on our servers, nor do we have any access to it. As the owner of the wallet, you are the only one with access to your secret recovery phrase and private keys. As Andreas Antonopoulos famously said: "Your keys, your Bitcoin. Not your keys, not your Bitcoin".

This also protects you in the unlikely event of a hack on our servers. The hacker wouldn't find any information that gives access to your wallet and funds.

However, this means that you are solely responsible to ensure your wallet's safety and security. If you lose your secret recovery phrase, your funds are irretrievable. We can't help you retrieve your secret recovery phrase because we never have access to it.

How do I keep my 12-word secret recovery phrase safe?
Anything online is hackable! This is also true for your 12-word secret recovery phrase. So don't store it on a computer or any device that is connected to the internet.

Write down your secret recovery phrase on a piece of paper or print it out using a secure network printer. It's a good idea to have multiple copies of your secret recovery phrase, and store it in multiple locations to prevent loss from disasters like floods, earthquakes, fires, etc.

Write down your secret recovery phrase in the correct order without any spelling mistakes! The words need to be in the correct order to restore your funds. Entering the secret phrase incorrectly (wrong order or incorrect spelling) will result in you not being able to access your wallet.

Do not store your secret recovery phrase on the notepad of your computer, as a digital image, in a file-sharing service like Dropbox, MegaBox, OneDrive, Google Drive, iCloud, etc., as an e-mail draft, any kind of file on your computer or phone, including password-protected files, or on a USB drive.

Because the threats are digital and online, the best way to protect your secret recovery phrase is to store it on paper and offline.

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This content is for educational and informational purposes and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction. Exodus cannot guarantee the performance of the third-party platforms shown in this video. Its products/services, the steps shown, and the information provided may not always be accurate and are subject to change.

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Видео Protect Your Crypto with Exodus, Episode 1 канала Exodus