How to add ERC20 tokens to Exodus?

Understanding ERC20 Tokens and Exodus Wallet Compatibility

1. ERC20 tokens are built on the Ethereum blockchain and follow a standardized smart contract framework. This uniformity allows wallets like Exodus to support a wide variety of tokens as long as they adhere to the ERC20 specification.

2. Exodus is a multi-asset wallet that natively supports Ethereum and thousands of ERC20 tokens. It automatically detects many popular tokens once you deposit Ethereum (ETH) into your wallet, as ETH is required to pay for transaction fees.

3. Before adding any token, ensure that Exodus officially supports it. You can verify this by checking the Exodus asset list in the wallet or on their official website. Unsupported tokens may not display correctly or could be at risk of loss.

4. The wallet uses a token detection system that scans your Ethereum address for known ERC20 balances. If a supported token is detected, it will appear in your portfolio without manual input.

5. Manual addition is not typically required in Exodus, unlike some other wallets. The interface is designed to simplify the user experience by auto-loading compatible tokens once ETH is present.

How to Deposit ERC20 Tokens into Exodus

1. Open the Exodus wallet and select the Ethereum (ETH) wallet section. Every ERC20 token uses the same underlying address as your ETH wallet, so there is no separate address for individual tokens.

2. Click the “Receive” button within the Ethereum section. A QR code and wallet address will appear. This address is used for receiving both ETH and any ERC20 tokens.

3. From the external platform or wallet where your ERC20 token is held, initiate a withdrawal. Paste the Exodus Ethereum address as the destination.

4. Ensure you are sending the correct token type. Sending non-ERC20 tokens (like BEP20) to your Exodus Ethereum address may result in permanent loss.

5. After the transaction confirms on the Ethereum blockchain, Exodus will automatically detect the token if it's supported. The balance should appear in your wallet within minutes, depending on network congestion.

What to Do If the Token Doesn’t Appear

1. Confirm that the token is officially supported by Exodus. Check their asset list online. If it's not listed, the wallet will not display it, even if the balance exists on-chain.

2. Ensure you have a small amount of ETH in your wallet to cover gas fees. Without ETH, the wallet may not be able to refresh the balance or interact with the Ethereum network properly.

3. Restart the Exodus application. Sometimes the UI doesn’t refresh immediately after a transaction. Closing and reopening the app can trigger a balance update.

4. Verify the transaction on a blockchain explorer like Etherscan. Enter your Ethereum address and check if the token transfer was successful and is visible on-chain.

5. Contact Exodus support with the transaction hash (TXID), token name, and contract address. Their team can assist in troubleshooting if the token is supported but not displaying.

Frequently Asked Questions

Q: Can I use the same address to receive different ERC20 tokens?A: Yes. All ERC20 tokens are received at your Ethereum wallet address in Exodus. The same address works for ETH and any compatible ERC20 token.

Q: What happens if I send a non-ERC20 token to my Exodus Ethereum address?A: Tokens from other blockchains (like BSC or Polygon) sent to your Exodus Ethereum address may be lost permanently. Always confirm the network before sending.

Q: Do I need ETH to receive ERC20 tokens?A: You don’t need ETH to receive tokens, but you need ETH to send them later, as gas fees on Ethereum are paid in ETH. Without ETH, you cannot move your tokens.

Q: Why is my token balance showing zero after deposit?A: This could mean the transaction hasn’t confirmed yet, the token isn’t supported, or the contract address is incorrect. Check Etherscan to verify the transaction status and token details.