When you restore Exodus from your 12-word secret recovery phrase, it overwrites any password that existed previously. This occasionally creates confusion or concern, but please don't worry. Your secret recovery phrase and password are separate, and not related.
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In this article:
How is the information in my wallet encrypted?
Your secret recovery phrase generates your wallet's private keys, which is why it can fully restore your wallet later. You can think of your secret recovery phrase as your wallet's information in unencrypted text form.
In Exodus Mobile, you can encrypt your wallet information with a passcode, Touch ID, or Face ID, keeping it secure from anyone accessing your mobile device.
When you restore your wallet from the secret recovery phrase, Exodus overwrites any previously existing Exodus wallet on your system and re-generates the private keys for the wallet using the secret recovery phrase.
Because the secret recovery phrase is not connected to any password, after restoring your wallet, there is no password. You have to set a new password. After restoring from your secret recovery phrase, the first thing your should do is protect your wallet with a password.
Leaving your wallet unencrypted leaves it open to theft, so it is important you go through the backup process again. Remember to set a unique password you don't use in other services. Re-using passwords opens you up to the risk of theft.
I have an email backup link from an older version of Exodus, what do I need to do?
The email backup link is only applicable to wallets downloaded before version 19.2.1, which was released in February 2019.
While the secret recovery phrase is not associated with your password, your email backup is.
The email backup is password-protected to keep your funds safe in case your email account is breached. That’s why you need to enter your password any time you try to restore from your email backup URL.
Setting a new password will not replace the current password on the email backup link. If you believe your email has been breached or suspect your password has been compromised, you must create a new wallet and send it all your funds.