This tutorial explains the process of creating a Desktop wallet that is free,safe and secure on Exodus.
Download the Exodus on your system which allows multiple cryptocurrency wallets leaving the control with you.
Exodus is a product that runs locally on your PC and empowers you to manage your cryptocurrency portfolio. Your crypto is encrypted and stored on your own hard drive without any account signup.
Backup process for safety
After downloading Exodus, you will be prompted to do the backup involving creating a secure wallet password.
Now you will receive a randomly generated 12-word secret called recovery phrase of your wallet. This phrase is like a key to your wallet door. This phrase can you be used to access your cryptocurrency from anywhere or even transfer your funds to some other wallet anytime. This provides access in unforeseen circumstances wherein the password is lost or computer access is gone.
Store this phrase and store it safely offline. It is recommended not to store it in digital manner it.
Once this is done, you will be required to enter the password created above for logging to wallet.
Now the wallet is setup and you can start receiving the assets in this secure wallet. These instructions work for any asset supported by Exodus. In this example, we will receive Bitcoin.
- 1. Select the wallet icon at the top and click on Bitcoin wallet and select the Receive button.
- 2. This will display the bitcoin address for your wallet. Click on copy button to copy the address.
Share the address with the concerned exchange/party and its done! You will receive the asset in your exodus wallet.