How to Keep your Crypto Safe – Exodus Edition

So, you have a bunch of digital assets sitting in your Exodus wallet, but is your crypto really safe? To figure this out, ask yourself – If my computer, email account and cellphone suddenly died or became inaccessible, would I still be able to access my crypto?

Unfortunately, the majority of the people reading this will say no. That is why in this guide, we will be looking at how to make sure that your Exodus is backed up securely, so much that you can access it from any computer on earth if your own computer craps out.

Exodus Wallet Portfolio screenshot

How to Backup your Exodus Wallet

For a start, Exodus has its own built-in backup system, where Exodus will provide you with a  12-word passphrase so you can access your wallet from any computer or device that supports Exodus.

But what if you lose access to your passphrase?

Before we get into backing up your backup, your first point of action is to acquire your backup passphrase. You are also going to want to set a password on your Exodus wallet. For the meanwhile, put these two items on paper. I will show you what to do with these soon. 🙂

To learn how to sort these two items out, see our separate guide here: https://help.easycryp.to/article/73-how-to-back-up-exodus-wallet

Exodus backup is complete screenshot

How to Backup your Exodus Backup

Awesome, so you set a complex password on your Exodus that is totally unique from any passphrase you have ever used, and you have a 12-word passphrase, which is the only way to load up your Exodus in the case of if your computer craps out.

I now gift to you, Keepass. Potentially the most useful software that you will ever use in your life. Thank us later. 😉

What is Keepass and what does it have to do with backing up my passphrase and password?

Keepass is a password storage program, that is highly encrypted and known the be extremely safe. Our co-founder Alan has been using it since 2008, and since he introduced it to me, it has improved my sense of security and organisation tenfold.

You can store passwords, files and accounts in KeePass, and they are all stored in one single file on your computer. To access this file, you will need to insert your master password. Keepass can also automatically generate highly complex passwords for you to use when adding a new entry or signing up to a new service, and you can easily copy these passwords from KeePass when you need them, meaning you don’t even need to know your passwords!

keepass-main

The beauty of Keepass is that not only do you have a secure place to store your wallet passphrase and password, but you can also add in all your other passwords too! The ultimate perk to KeePass however, is the fact that you can backup your KeePass file on in the cloud, such as Google Drive, Dropbox or whatever cloud software you use!

If this all sounds a little complex and scary, don’t worry, I’m going to walk you through the entire process!. 🙂

For a start, lets download and setup Keepass! Let’s do it now before you lose the little piece of paper that has your Exodus passphrase or password. 😉

How to Download and Install Keepass

First of all, you are going to want to do this on your computer. If you don’t have a computer, you can use a public library computer or borrow a mates. At the end of the day, the Keepass file is going to be stored in the cloud, so it won’t matter if you don’t always have access to your Keepass. It is important to keep in mind that you will need direct access to your Keepass when wanting to retrieve a password, or your Exodus backup.

Now, let’s get started. First of all, download and install Keepass. You can find their website here: https://keepass.info/

Now that you have you Keepass downloaded, you are going to want to set up some form of cloud software, like Google Drive or Dropbox. For setting this up, I would recommend creating a brand new email, one in which you know you will remember that has a unique password.

E.g [your name][email protected]

Now that you have this new email, and the password and account written down on another piece of paper (we will get to what to do with this later), sign up to Dropbox or sign in to Google Drive (if you are using a Gmail account).

You are also going to want to write down the account name and password for this too.

Now that you have your cloud service set up, you are going to want to integrate it into your computer, you so can easily locate, save and upload files to it from your computer – as shown below:

Dropbox and google drive screenshot

To learn how to get these integrated into your file explorer on your computer, see the Dropbox guide here and the Google Drive guide here.

How to Create a Keepass File and Save it to your Cloud

Now that you have your cloud set up, and you can access it from your file explorer, as shown above, we are now going to create your Keepass file. 🙂

Do do this, launch your Keepass (or download it if you haven’t already) and create a new password file, as shown below:

Keepass create new password file screenshot

Your next step is to either save it to your Dropbox or Google Drive folder, and name your file. Perhaps a good idea for the name could be ‘[your name]Master Backup’.

Keepass how to save your wallet file

After clicking Save, you will now be asked to create your master password. Remember that this is the password the will be the only password to all your other passwords, so you are going to want to make sure it is something strong that you will remember. To learn how to make a strong master password that you will remember, see our other guide on this here.

So, what should I have so far?

  • A fresh Gmail account with your username and password written on a piece of paper.
  • A Dropbox of Google Drive account created with your fresh Gmail account, with the password and username written down too.
  • A Keepass file created and saved in your Dropbox or Google Drive folder, with a fresh, strong and unique master password created – also stored on this piece of paper (or not, depending on how safe you want to be.)

You should end up having a piece of paper that looks like this:

Keepass password backups

You might even want to type this out and print them, in case you have bad handwriting like me. 🙂

Now, hold onto these details, and I will show you what to do with them at the end of this guide.

How to Store your Exodus Passphrase and Password in your Keepass

Sweet, so now you have a KeePass, secured by high encryption and a strong password, and it is floating 24/7 in the cloud inside your Dropbox or Google Drive. It may have seemed like a lot of work, but trust me, it was worth it.

Now that we have all of this setup, let’s save your Exodus password and passphrase. This is very simple, and you can follow along with me in the guide below:

Right-click in the middle of the password table and click ‘add entry’

How to add a password on keepass

Name it ‘Exodus’, and Insert your password, then insert your passphrase as a ‘note’.

Adding an entry on Keepass

Press OK when you are finished, after 100% confirming that you have entered the correct passphrase and password. 

Now, to finalise this and make sure everything is saved, click ‘Save’.

save exodus

Now what?

Awesome, so you have your Exodus backed up in Keepass, and your Keepass backed up on the cloud. Now you are going to want to make sure you have the Gmail account for your Drive or Dropbox account backed up securely, as well as your DropBox password, and master password.

For the sakes of security, I would highly recommend having a unique password for every account you have. You are also going to want to memorise your Keepass master password – which will be easy to do if you use it regularly. To use it regularly, I would recommend saving your other passwords in it too, so you use it more often and therefore have to recite your password more often.

In regards to backing up your Gmail account and password and a backup of your Master password, I would look at storing your piece of paper in an extremely safe place. You can have multiple copies too, e.g, A piece of paper storing your Gmail and Master password stored inside in your bank deposit box, at a trusted friends house or in a place that you personally know is safe.

I would also recommend sending a few copies of your KeePass file to your friend’s emails, just so it will always exist in their inbox. Just make sure not to send the password over too. 🙂

It is also essential that you create a written backup plan so that you can remind yourself of what to do in case you lose access to your PC or if something goes wrong.

I hope this helps, and please don’t hesitate to contact us if you need any more help. 🙂