Import your Bitcoin wallet into Electrum
Electrum is a powerful open-source Bitcoin wallet with many features that allow you to get the most out of your Bitcoin. In this article, you'll learn how to get access to your Exodus BTC funds using Electrum.
In this article:
How do I prepare for using Electrum?
Electrum is available for Windows, macOS, Linux and Android operating systems. You can download installation files as well as the source code from the link below:
Get your 12-word secret recovery phrase handy (you know, the one which was created when you made your Exodus backup), and make sure your Exodus is closed.
Please be very careful with your 12-word secret recovery phrase and private keys, because they control access to your funds. Never share them with anyone, and only import them into platforms that you trust 100%. If you choose to import your 12-word phrase or private keys into a third-party platform, you do so at your own risk. To find out more, check out this article from our Knowledge Base: How do I keep my money safe?
At the time of writing this article, the Electrum Android app does not support this method
How do I setup Electrum?
- 1
-
Start Electrum in your system and create a new wallet. Name it something like "exodus_wallet" and click
Next.
- 2
-
Select
Standard wallet and click
Next.
- 3
-
Select
I already have a seed and click
Next.
- 4
- Type in your 12-word phrase from Exodus.
-
Please be very careful with your 12-word secret recovery phrase and private keys, because they control access to your funds. Never share them with anyone, and only import them into platforms that you trust 100%. If you choose to import your 12-word phrase or private keys into a third-party platform, you do so at your own risk. To find out more, check out this article from our Knowledge Base: How do I keep my money safe?
- 5
-
Click
Options and select
BIP39 seed. This will turn on the
Next button. Click
OK, then the
Next button will light up. Before you proceed, make sure the BIP39 Checksum reads
"OK" under the text field. This will mean you've entered your 12-word phrase correctly. If everything checks out, click
Next.
- 6a
-
Here is where it gets a bit tricky. Exodus uses two types of addresses: Legacy (start with "1") and
SegWit bech32 (start with "bc1").
Check this article to see the list of your addresses and balances. If you want to access funds held on your Legacy addresses, select "legacy (p2pkh)" under
Script type and Derivation path and click
Next.
-
- 6b
-
If you want to access funds held on your SegWit bech32 addresses, select "native segwit (p2wpkh)" under
Script type and Derivation path and click
Next. If you use both types of addresses, you can create another wallet by going through this guide one more time and selecting the other
Script type and Derivation path down the road.
- 7
-
Create a good strong password to encrypt your wallet and click
Next.
- 8
-
Electrum will need some time to sync with the network. Once it's done, then it should show a set of transactions and a balance:
