Jaxx Crypto Wallet Review
Rating: 5/5
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What Is Jaxx wallet?
Jaxx is a cross-platform multi-wallet cryptocurrency wallet. The Jaxx platform has been under development since 2014 by Decentral Inc of Toronto, Canada. Its founder, Anthony Di Iorio, is also known as the co-founder of the Ethereum blockchain.
Review Summary
Feature | Total Rating |
|---|---|
Ease of Use | 5 |
User Interface | 5 |
Features | 4,5 |
Security | 5 |
Support | 5 |
Advantages and disadvantages
Advantages | Disadvantages |
|---|---|
About the wallet
Jaxx Wallet is a multi-currency universal cryptocurrency vault. It was created by the Canadian company Decentral Inc in 2014. For about 2 years the specialists have been developing the product, making additions, testing changes and optimizing its functionality. The beta version was released in winter 2016. Since that time the cross-platform multicurrency crypto-purse has become well-known and popular.
Jaxx can be used on different devices, as there are 3 versions of the wallet on its official website:
The Jaxx cryptocurrency wallet is very interesting, as evidenced by a number of its unusual qualities.
A huge listing of cryptocurrencies supported by the system. These are, of course, bitcoin, and various altcoins. Groups of cryptocurrencies that can be stored, converted and used through the Jaxx wallet:
Jaxx wallet is cross-platform. You can use the wallet from different devices with the appropriate version of the cryptocurrency wallet:
ShapeShift integrated exchanger. You can convert digital coins directly from your vault, without having to go to cryptocurrency exchanges or specialised online services separately.
High reliability and perfect security. User data is protected by the best cryptographic solutions. Private keys are held exclusively by the owner of the crypto wallet. There is PIN protection and an option to copy keys to save them off-line.
Jaxx installation and setup
In order to use Jaxx crypto wallet, you need to install it. You need to follow a simple sequence of actions:
Jaxx wallet interface
Jaxx's interface is uncluttered. The important blocks are as follows:
How to view the seed phrase and private keys
If the user did not save the seed phrase when installing Jaxx Wallet, you can view it again by going to the main menu (Menu - Tools - Backup Wallet). You will need to write down the 12 words in a safe place in order to regain access.
Private keys can also be viewed under "Menu" - "Display Private Key". You must also press "I understand" and select a cryptocurrency. Each public key has its own private key. The public key is publicly available and must be specified when transferring cryptocurrency to the wallet from another location. The private keys must not be shared with anyone, which gives full access to the cryptocurrency.
Jaxx wallet backup
Another important action is backing up Jaxx, which is done using a seed phrase, which is a kind of password for key recovery and access to the wallet.
To back up your wallet do the following: go to Menu, Tools, Backup Wallet and confirm the action with a 12-word mnemonic phrase.
Funding a Jaxx wallet
Depositing any cryptocurrency account in Jaxx is not difficult. To do so, follow the steps below:
Exchange in Jaxx wallet
If the need arises, fast cryptocurrency exchange is possible in any version of Jaxx. The procedure is simple:
That's it. The order will be processed quickly, and the cryptocurrency will go straight into the appropriate account. If no internal wallet has been created for the coin beforehand, the system will first remind you of this problem and no conversion will take place.
Jaxx wallet coin withdrawal
As fiat currency is not listed in Jaxx wallet listing, you can withdraw available cryptocurrencies. The step by step process is simple:
Conclusion
Jaxx Wallet is a cross-platform, full-featured and simple storage for cryptocurrencies. It offers the necessary options - receiving cryptocurrencies, storing digital currency, converting and transferring them. The service is characterised by sufficient reliability, stability, as well as ease of use. Existing flaws are systematically eliminated or minimized. Overall, Jaxx Crypto Wallet is suitable for any cryptocurrency holder.
