Monero FAQs - Learn more about XMR

Everything you need to know about Monero inside of Exodus.


In this article:


How do I open the advanced options in my Monero wallet?

Desktop

To open the Advanced Options menu, a) open your Monero wallet. Next, b) click on the three-dot menu icon and c) click on Advanced Options.

Mobile

To open the Advanced Options menu, open your Monero wallet on your device. Next, tap on the gear icon:


Why is my wallet syncing?

In order for your wallet to display your transaction information correctly, it must stay in sync with the Monero blockchain. This applies to all assets in Exodus, however, Monero is a privacy coin and when the wallet is refreshed, the past transaction history displayed in the wallet is not maintained. When you refresh or re-sync, the wallet will rebuild your transaction history block by block as your wallet downloads the Monero blockchain.

To help visualize this process your wallet will display a graphical indication of the sync progress along with:

  • Remaining blocks: How many blocks until the wallet is fully synced.
  • Wallet Height: The current height or current block the wallet is synced to (i.e. the number of the block the wallet has started downloading from).
  • Node Height: The current block of the connected node.

This information can be used to see if there's a problem with either the node or the connection of the wallet to the node.


How do I connect to a custom node?

Exodus uses a default node to connect to in order to populate the information in your wallet. Many XMR users prefer to run their own nodes to participate in the Monero network. Exodus allows you to enter a custom node of your choice. Here is how you can do so:

  • In order to set up a custom node, it needs to be accessible via HTTPS. For more information on this, see this guide on how to run your own Monero node.
  • It's not possible to use separate custom nodes for your Exodus and Trezor Monero portfolios. If you change your custom node for your Trezor Monero portfolio, this will automatically also change the custom node used by your Exodus Monero portfolio.

Desktop

1
Click Set Custom Node.
2
Enter your Monero custom node URL.
3
Click Save then refresh the wallet.

Mobile

1
Tap on the gear icon in the top right of the Monero wallet.
2
Tap the toggle to turn on Custom Node.
3
Enter your Monero custom node URL.
4
Tap Confirm.


What are the different Monero key types?

To find all of your Monero keys, go to your Monero wallet inside of Exodus on your desktop, then click the three-dot menu icon and choose View Private Keys.

You cannot directly view your wallet’s Monero keys on your mobile device, with the exception of the transaction key which has to be viewed from the device that sent the transaction. To view your Monero keys from your mobile wallet, you will first need to sync your mobile wallet to a desktop device by following this guide.

Monero address When sending Monero, the only thing you need is the Monero address you will be sending to. Monero addresses are much longer than Bitcoin addresses. An address for Monero will have 95 characters and be prefixed with a 4. Unlike Bitcoin addresses that are hashed from a single key pair, Monero addresses are direct representations of the associated public keys.
Mnemonic 

The Monero wallet has its own 25-word secret recovery phrase. Although your Exodus 12-word phrase will always be able to recover all of your assets, this 25-word phrase is specific to your Exodus XMR wallet if you would like to restore your Monero wallet on another platform. Due to Monero's privacy features, the view key and spend key have their own private keys associated with each - your private view key and private spend key. Your private view key is derived from the private spend key.

By storing this 25-word secret recovery phrase in a secure offline location, you have a backup of your private keys and your Monero wallet.

Private view key

The private view key is required to view all transactions related to an address. The Monero blockchain data associated with your address is not publicly viewable. In order to view any information associated with your transactions, the private view key is required. 

Private spend key The private spend key allows the spending of any Monero at an associated address. This key is used to sign Monero transactions. Unlike a private view key, the private spend key should never be given out to anyone. If someone were to obtain your private spend key, they would then have access to spend any of the Monero associated with the address.
Transaction key The transaction key, also referred to as a secret transaction key or tx key, is used to prove that a transaction was made on the Monero blockchain. Every Monero transaction has a transaction key. In your Exodus wallet, the transaction key is shown in the transaction details. The transaction key is only stored on the device from which the transaction was sent. This means that the transaction key will not appear on another device, even if it is the same wallet with the same 12-word phrase. You can use this key to verify a send transaction. Please see the below steps on how to do this.

Can I use Monero with Trezor in Exodus?

Yes! You can now use XMR with your Trezor Model T in Exodus. Our guide will show you everything you need to know about using Monero and Trezor in Exodus.


How do I create a new Monero subaddress?

By default for new Exodus wallets, when you open your Monero wallet inside of Exodus and click Receive you will be shown your Monero address.

Monero subaddresses allow you to receive Monero to a different address each time, allowing you to have even more privacy!

To turn on multiple subaddresses:

Desktop

1
In your Monero wallet, a) click the three-dot menu icon in the top right corner. Next, b) click on Advanced Options.

2
Locate where it says Multiple Addresses and toggle on.

3

Next time you want to receive Monero, all you need to do is click/tap the arrow next to the QR code to reveal an unused subaddress!

Mobile

1
In your Monero wallet, a) tap the three-dot menu icon in the top right corner and b) click on Advanced Options.

2
Locate where it says Multiple Addresses and toggle on.

3
Next time you want to receive Monero, all you need to do is click/tap the arrow next to the QR code to reveal an unused subaddress!


How do I view my Monero balance on the blockchain?

The short answer is, you can't.

Monero is considered a privacy coin and therefore transaction details will be hidden for anyone looking on the block explorer with only the Monero address. You can look up specific Monero transaction details.

Every Monero (XMR) 'Sent/Send' transaction has a distinct transaction key that the user can use to look up and verify the transaction on the blockchain. For more on this, see below.


How do I look up a Monero transaction?

Exodus allows you to see individual transaction details inside your wallet as well as search individual transactions on the blockchain, but not the amounts or the addresses involved.

If you have a transaction ID, you can use it on a Monero block explorer such as Explore Monero to learn basic information about the transaction: confirmation, fees, block, size, and payment ID.

If you need more information about a transaction, you will need your transaction key or secret view key. For more on this, see below.


How do I verify I sent Monero with a send receipt?

Desktop

1
In your Monero wallet, a) click on the send transaction in question. Here, you can find b) your transaction key. To get a send receipt, c) click on the transaction ID to pull it up on a block explorer.

Though the transaction key is truncated, double-clicking it will select the full numerical string.

2
In the Monero block explorer, click on Get a send receipt.

3
Here you will need to a) paste both your transaction key and deposit address. Next, b) click Get receipt.

4
This will take you to your send receipt which includes the amount sent as well as other details such as the transaction's private/secret view key and stealth address.

Mobile

1
In your Monero wallet, a) tap on the send transaction in question.

2
Here, you can a) find your transaction key. To get a send receipt, b) tap on the transaction ID to pull it up on a block explorer.

3
In the Monero block explorer, tap on Get send receipt.

4
Here you will need to a) paste both your transaction key and deposit address. Next, b) tap Get receipt.

5
This will take you to your send receipt which includes the amount sent as well as other details such as private/secret view key and stealth address.


How do I verify I received Monero with a deposit verification?

The process of verifying a deposit will require the use of the desktop version of Exodus. For information on how to synchronize your funded Mobile wallet to a brand new Desktop wallet please follow this guide.

1
To verify a deposit, you will need your private view key. To get this, in your Monero wallet, a) click on the three dots in the top right corner. Next, b) click on View Private Keys.

2
A warning will appear - make sure you’re in a private place, and no one can see your screen. Anyone viewing your Monero private keys can steal your funds. Tap Yes, I'm sure.

3
Unlock your wallet. Next, you will be shown your Monero private keys. a) Copy your private view key and b) click Close.

4
a) Click on the deposit transaction in question. To verify a deposit, b) click on the transaction ID to pull it up on a block explorer.

5
In the Monero block explorer, click on Verify deposit.

6
Here you will need to a) paste both your private view key and deposit address. Next, b) click Check deposit.

7
This will take you to your deposit verification which includes the amount received as well as other details such as the transaction's  private/secret view key and stealth address.


What is the 10 confirmations requirement?

You will need to wait for 10 confirmations for your received Monero before you are able to send it.

What this means is your Monero is locked until it is mined in a block and then a certain number of subsequent blocks have been mined afterward in order for it to be confirmed. In Monero's case, wallets keep the funds locked for 10 blocks.

For example, say you have a balance of 10 XMR.

  • One spendable output of full 10 XMR:

    In this example when you send 2 XMR to someone, this whole 10 XMR output gets used and the change comes back to you in a new output. Let’s say your fees were 0.01. Your transaction, therefore, sends one output with 10 XMR, and has 2 outputs, one for 2 XMR (the recipient) and one for 7.99 XMR (your change). Because the transaction needs to be confirmed, your change (7.99 XMR), will be locked until it has 10 confirmations.

  • Two or more spendable outputs of 3 XMR and 7 XMR:

    If the original balance was spread over 2 spendable outputs and you just want to send 2 XMR, only one of those outputs would be used, say the 3 XMR output. That means only your change left over from just the 3 XMR output would be locked until 10 confirmations. The other output of 7 XMR is untouched and would not be locked and would be free to spend straight away. Only what is spent needs to wait for 10 confirmations.

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