A method and a system for exchanging electronic information data, using a color code recognition device are provided. An electronic information data from the first computer is recognized in either in the ASCII code or in the binary digit format. The electronic information data is encoded by substituting each character of the ASCII codes or the binary digit recognized with a color value. The encoded data is transmitted to the second computer, and the transmitted data is decoded into the original electronic information data. The system for exchanging an electronic information data includes a storage device for storing the user identification database and the legend database, an encoding device for encoding the electronic information data, a decoding device for decoding the encoded data to restore the encoded data into its original format, and a network device for transmitting the data between a plurality of computers over the network.