ERC20 FAQs - Learn more about Ethereum tokens
Everything you need to know about ERC20 tokens inside of Exodus.
In this article:
- How do I enable ERC20 tokens in my Exodus wallet?
- Do I need to have Ethereum in my Exodus wallet to use my ERC20 tokens?
- I don't see my favorite ERC20 token in the list of supported assets!
- How do I manage unsupported ERC20 tokens?
- How do I check my token balances?
- Where can I exchange unsupported ERC20 tokens?
How do I enable ERC20 tokens in my Exodus wallet?
Many of the top ERC20 tokens can be enabled in your Exodus wallet in the Assets section of your wallet settings. This section is accessed by going to Settings on your desktop or mobile device, then going to Assets, and finally scrolling to the bottom where you'll find the Ethereum Assets section.
Do I need to have Ethereum in my Exodus wallet to use my ERC20 tokens?
Yes! You need to have some Ethereum on hand in order to use any ERC20 token.
Much like a car needs gas in order to operate, all ERC20 tokens need Ethereum in order to be used. For more details on how this works, please see our What Is an ERC-20 token? article.
If you’d like to know how much Ethereum you need to send or exchange your ERC20 token, we recommend referring to this Ethereum gas tracker. Be sure to check the ERC20 transfer row.
I don't see my favorite ERC20 token in the list of supported assets!
While you can safely receive any ERC20 token to your Exodus wallet’s Ethereum address, unsupported tokens won’t be displayed, and in order to interact with them, you will need to export your Ethereum private key to another wallet.
How do I manage unsupported ERC20 tokens?
Here is how you can move unsupported tokens to MetaMask in order to send or exchange them.
Retrieving your ERC20 tokens will require using the desktop app and a MetaMask wallet. Here's what you'll need to do:
- Go to MetaMask and download the MetaMask wallet.
- In Exodus, open your Ethereum (ETH) wallet.
- View and copy your Ethereum private key. Here's a step-by-step guide on how to do so: How do I view my private keys?.
- Now open your MetaMask wallet and click on the Accounts icon in the top right corner.
- Click on Import Account.
- Paste your Ethereum private key and click Import.
Your unsupported ERC20 tokens should then display in your MetaMask wallet!
Retrieving your ERC20 tokens should ideally be done using the desktop app as outlined above.
However, if you do not have access to a trusted computer, you can retrieve your ERC20 tokens with your 12-word secret recovery phrase and the MetaMask mobile app.
This process is only recommended if you do not have a trusted computer because it exposes your Exodus 12-word secret recovery phrase. Your 12-word phrase should only be used when absolutely necessary. Desktop methods only use your Ethereum private key which is a far more secure method of recovery. You can read more about the risks of using your 12-word phrase here: Using the 12-word phrase.
- Go to MetaMask and install the mobile MetaMask wallet.
- Tap on Import using Secret Recovery Phrase.
- Enter your Exodus 12-word phrase with a space between each word. Set a strong password, then tap Import.
Your ERC20 tokens should then appear in your MetaMask wallet.
How do I check my token balances?
If you send an unsupported ERC20 token to your Exodus wallet, it will be stored at your Exodus wallet’s Ethereum address; however, Exodus won’t display it.
You can confirm your token balance on an Ethereum blockchain explorer such as Etherscan by pasting in your ETH address in the search bar and clicking on the ERC20 token dropdown menu as illustrated below:
Where can I exchange unsupported ERC20 tokens?
To find an extensive list of where you can send and exchange your ERC20 tokens (and any other asset for that matter!), please follow these steps:
Go to CoinMarketCap.
Enter the name of the asset in the search bar.
On the asset page, click on the Market tab.
Here you will find a list of exchanges where you can send your asset and exchange it for something else!