Monero FAQs - Learn more about XMR

Everything you need to know about Monero inside of Exodus.

In this Article:

General Monero Questions

Monero Advanced Options

How do I open the Advanced Options?

To open the Advanced options on desktop or mobile, all you need to do is open your Monero wallet on your device, then:

Desktop

Mobile

Sync in progress

In order for your wallet to quickly display your transaction information correctly, it must stay in continuous sync with the XMR blockchain. This applies to all assets in Exodus, however, Monero is a privacy coin and when the wallet is refreshed, the past transaction history displayed in the wallet is not maintained. When you refresh or resync the wallet to the Monero blockchain it will rebuild your transaction history as the wallet finds the information.

To help visualize this process the wallet displays a graphical indication of the sync progress along with:

Remaining blocks : How many blocks left until the wallet is fully synced

: How many blocks left until the wallet is fully synced Wallet Height : the current height or current block the wallet is synced to

: the current height or current block the wallet is synced to Node Height: The current block of the connected node.

This information can be used to see if there's a problem with either the node or the connection of the wallet to the node.

Connecting to a Custom Node

Exodus uses a default node to connect to in order to populate the information in your wallet. Many XMR users prefer to run their own nodes to participate in the Monero network. Exodus allows you to enter a Custom Node of your choosing.

Desktop

1 Click Set Custom Node. 2 Enter your Monero Custom Node URL. 3 Click Save then refresh the wallet.

Mobile

1 Tap on the advanced options gear icon in the top right of the Monero wallet. 2 Tap the toggle to turn on Custom Node. 3 Enter your Monero Custom Node URL. 4 Tap Confirm.

Monero Key Types

To find all of your Monero Keys, just go to your Monero wallet inside of Exodus on your desktop, then click the three dots in the top right corner and choose View Private Keys.

Monero Address When sending Monero, the only thing necessary is the Monero address you will be sending to. Monero addresses are much longer than Bitcoin addresses. An address for Monero will have 95 characters and be prefixed with a 4. Unlike Bitcoin addresses that are hashed from a single key pair, Monero addresses are direct representations of the associated public keys. Payment ID Some exchanges and services may require a payment id, which is similar to a memo that is used for XLM, XRP, or EOS on an exchange. This is for the purpose of identifying individual account holders if an exchange or service is using a central wallet(s) to receive deposits from multiple account holders or to credit a purchase made through a merchant. Mnemonic Phrase The Monero wallet has its own 25-word recovery phrase. Although your Exodus 12-word phrase will always be able to recover all of your assets, this 25-word phrase is specific to your Exodus XMR wallet should you wish to only move your Monero wallet someday. Due to Monero's privacy features, both the view key and spend key have their own private keys associated with each, hence your private spend key and private viewing key. In a mnemonic style set of keys, your private view key is derived from the private spend key. By storing the 25-word mnemonic key in a secure location, you have a backup of your private keys and all of your Monero Private View Key The private view key is required to view all transactions related to an address. The Monero blockchain data associated with your address is not publicly viewable. In order to view any information associated with a transaction of yours, the private view key is required. Private Spend Key The private spend key allows the spending of any Monero at an associated address. This key is used to sign Monero transactions. Unlike a private view key, the private spend key should never be given out to anyone. If someone were to obtain your private spend key, they would then have access to spend any of the Monero associated with the address.

Sending/Receiving Monero Questions

How do I view my Monero balance on the blockchain?

The short answer is, you can't!

Monero is considered a privacy coin and therefore transaction details will be hidden for anyone looking on the block explorer with only the Monero address. You can however look up specific Monero transaction details.

How do I look up a Monero transaction?

Exodus allows you to see individual transaction details inside your wallet as well as look up individual transactions on the blockchain as individual transactions, but not their amounts or the addresses involved. To find more information please read on!

Go to a Monero Block explorer such as Explore Monero. You will want to verify a transaction.

If you want to verify you sent some Monero you will need: Click on I sent Monero

Enter the transaction id

Enter the address you sent your Monero to

Enter the Private Transaction Key (which will be in the transaction details inside your Exodus Monero history If you want to verify you received some Monero you will need: Click on I received Monero

Enter the transaction id

Enter your Monero Receive Address

Enter your Monero Private View Key (which you can find following these steps)

10 Confirmations requirement

You will need to wait for 10 confirmations for your received Monero before you are able to send it.

What this means is your Monero is locked until it is mined in a block and then a certain number of subsequent blocks have been mined afterward to be confirmed. In Monero's case, wallets keep the funds locked for 10 blocks.

Example

Say you have a balance of 10 XMR.