How to Upload Private Keys to Exodus
What are private keys?
Private keys are a crucial part of how crypto assets work. In this article, nosotros explicate what they are, give an example, and show you how to find your private keys.
In this article:
- What are private keys?
- Individual primal - instance
- How does Exodus create my private keys?
- Where are my individual keys stored?
- How do I find my private keys?
- Learn more nigh private keys - learning videos
What are individual keys?
Private keys in the context of blockchain avails show buying of assets associated with a particular wallet address and allow you to access and spend the avails in that address.
Every address that you create, or ain, has its own private fundamental.
An easy way to think about private keys is by using the analogy of a bank. If your wallet is like your online cyberbanking account, your private key is the login for the business relationship, allowing y'all to go in and spend your money as you lot delight.
Therefore, similarly to keeping your online banking data safe, you must keep your private keys safety, otherwise, anyone with the keys can "log in" (admission) your "business relationship" (wallet) and bleed information technology of your funds!
Please note: Your private keys control your funds, and so it is important to keep them secret. Anyone with your private keys will have access to your funds, so please don't share them with anyone, including Exodus Support! Never requite out your private primal, no matter how "safe" it seems.
Private key - example
Individual keys are different from your public receiving addresses. Unlike public addresses, y'all should never share your private keys with anyone, even if they are sending you funds. This is an example of what a private key looks like.
The total address and full individual key in the screenshot aren't shown, but you tin meet that the address has its ain corresponding individual central. This individual key gives whoever tin access it full access to the accost and the funds in the accost.
How does Exodus create my private keys?
When you offset created your Exodus wallet, your private keys were created using your 12-word secret recovery phrase. Your 12-discussion phrase, when run through a standardized algorithm or formula, turns into a seed integer or number that can be thought of as your main private key. When this "master" private key is run through a standardized algorithm, an virtually countless corporeality of private and public keys can be created.
If information technology weren't for the 12-discussion phrase, you would have to go along track of your individual key for each and every accost that y'all ain. This of course would exist a huge headache and an easy fashion to lose admission to addresses and the money inside them if you lot have multiple assets and maybe some with multiple addresses and aren't a superstar recordkeeper.
Exodus makes it easy so that yous never take to worry virtually your individual keys and can manage your funds using 1 12-word phrase.
Since your 12-give-and-take cloak-and-dagger recovery phrase is your "master" individual key, it gives access to all your private keys and their addresses with your funds. This is why it'south important to ever keep it safe and never share it with anyone, not even Exodus staff. Anyone who knows your 12-word phrase or any of your private keys will be able to steal your assets from anywhere.
Where are my private keys stored?
The private keys to your blockchain assets are generated and encrypted locally and stored on your device. These keys are never stored in the deject and they remain 100% for your optics only, 100% in your control.
The Exodus fill-in system only backs up encrypted metadata similar transaction information, personal notes, exchange history. No keys are ever stored on whatsoever of our servers. In improver, this metadata is encrypted so the backup remains secure to y'all with your password. Only you can read and use your data when you have your right countersign.
How exercise I find my private keys?
If you'd like to learn how to view your private keys, please reference this page: How can I view my individual keys?
Learn more near private keys - learning videos
Bank check out these videos to acquire more about private keys:
Source: https://support.exodus.com/article/148-what-are-private-keys
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