How to add a custom ERC20 token to Exodus?

Understanding ERC20 Tokens and Exodus Wallet Compatibility

1. ERC20 is a technical standard used for smart contracts on the Ethereum blockchain, defining a set of rules that tokens must follow to ensure interoperability across decentralized applications. Most Ethereum-based tokens, such as USDT, UNI, and LINK, comply with this standard. Exodus supports a wide range of ERC20 tokens, but not all are automatically visible in the wallet interface.

2. Before adding a custom token, verify that it is indeed an ERC20-compliant token. You can check its contract address on Etherscan or another blockchain explorer. Incorrect contract details may lead to loss of funds or display issues within the wallet.

3. Exodus maintains a curated list of supported tokens. If your token isn’t listed, it may still be added manually, provided it meets the ERC20 criteria and the contract has been verified on the Ethereum network.

4. Ensure your Exodus wallet is updated to the latest version. Older versions may lack support for newer tokens or have bugs that prevent proper token display after import.

5. The wallet uses the contract address to identify the token’s symbol, decimals, and name. These details must match exactly with what’s registered on-chain to avoid confusion or incorrect balance display.

Step-by-Step Guide to Adding a Custom Token

1. Open the Exodus desktop or mobile application and unlock your wallet. Navigate to the main dashboard where your assets are displayed.

2. Click on the “+” icon or the “Add Crypto” button, depending on your device. This opens the asset management menu.

3. Search for Ethereum in your wallet and select it. Once inside the Ethereum section, look for an option labeled “Show More” or “Manage Tokens.”

4. Scroll to the bottom of the token list and find the “Add Custom Token” button. Clicking this will prompt you to enter the token’s contract address.

5. Paste the correct ERC20 contract address. The wallet will automatically fetch the token symbol and decimal precision if the contract is verified. Confirm the details and save the token to your wallet view.

Troubleshooting Common Issues

1. If the token doesn’t appear after adding, double-check the contract address. A single incorrect character can result in a failed import or a phantom token with zero balance.

2. Never send funds to a custom token that hasn’t been verified in your wallet. Sending tokens to the wrong contract can result in permanent loss.

3. Some tokens may not display correctly due to missing metadata (symbol, decimals). In such cases, manually verify the decimal count from Etherscan to avoid balance misinterpretation.

4. If the “Add Custom Token” option is missing, ensure you’re accessing the Ethereum wallet section. Custom tokens can only be added under the Ethereum asset, as they exist on the Ethereum blockchain.

5. Clearing the app cache or reinstalling Exodus may resolve display glitches, but always back up your recovery phrase before making changes.

Security Considerations When Adding Custom Tokens

1. Only add tokens from trusted sources. Malicious contracts can mimic legitimate tokens and trick users into interacting with them.

2. Always verify the contract address on Etherscan or a reputable blockchain explorer. Compare it with official project websites or community announcements.

3. Avoid interacting with tokens that have not been audited or lack transparency in their development team. Scam tokens often use similar names to well-known projects.

4. Exodus does not provide transaction signing for arbitrary smart contract calls. This limits exposure to certain types of exploits, but caution is still required when managing custom assets.

5. Never share your recovery phrase or private keys when adding a token. The process requires no credentials beyond the contract address.

Frequently Asked Questions

Can I remove a custom token from Exodus after adding it?Yes, you can hide or remove a custom token by going to the Ethereum token management section and toggling it off. This only removes it from view and does not affect your actual holdings.

Will adding a custom token expose my funds to risk?Simply adding a token for display does not create risk. The danger arises only if you send funds to a fraudulent contract or interact with malicious dApps using that token.

Why doesn’t my token balance show up after import?The balance may not appear immediately if the token is not part of your transaction history or if the wallet hasn’t synced fully. Ensure the token was sent to your Exodus Ethereum address and wait for blockchain confirmation.

Can I send custom tokens to other wallets?Yes, once added, custom tokens can be sent like any other asset in Exodus, provided the receiving wallet supports ERC20 tokens and the specific contract.