nope, you need to setup your password when you click backup
http://support.exodus.io/knowledge_base/topics/how-can-i-password-protect-my-assets
use this step by step to set it up if you need it sorry for the late reply
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thanks, I finally worked it out. Its now all nicely set up and keeping my Eth secure :)
Thats great! I was getting a bit worried there.