Is the Jaxx Universal Cryptocurrency Wallet Safe?

Jaxx.io Cryptocurrency Wallet
Jaxx.io Cryptocurrency Wallet

Overview

Jaxx is a web wallet enabling users to storage and management. In addition to currency, it handles information such as shipping address, credit card details, and logins all in one central place.

Jaxx can help easy online shopping without cards or cash. Web wallets such as Jaxx help minimize the risks of theft in the online world. By storing important and sensitive personal information in one and secure place.

Cross-platform pairing
Multi-coin support
Integrates with shapeShift (exchange that supports several cryptocurrencies)

Jaxx Universal Cryptocurrency Wallet

8.6

Cost

8.9/10

Functionality

8.1/10

Security

7.9/10

Usability

9.3/10

Pros

  • Free App download
  • Support numerous cryptocurrencies
  • Quickly access with phone or computer
  • Compatible and seamless
  • Nice user friendly interface

Cons

  • Security is getting better but still not the best

 

 

Jaxx Universal Cryptocurrency Wallet Review

Jaxx is a multi-platform Ethereum wallet providing a simple and intuitive interface for a wide range of altcoins. Jaxx is not a smart contract wallet.

Jaxx supports both ETH (Ethereum) and ETC (Ethereum Classic) and your private keys are never shared with Jaxx’s server. Instead, they are safely stored on your machine.

Jaxx.io Cryptocurrency Wallet

 

 

Type of Wallet

e-Wallet with multi-platform support

Included with Wallet

  • Downloadable from site

 

 

Benefits

Jaxx Universal Cryptocurrency Wallet has numerous unique features.

  • Local Keys – Keys are created on your local device, locked, and not available to other servers.
  • Free Access – No verification required to access a Jaxx account
  • Easy Utility Methods -Easy to use UI that can be used by anyone of any experience level.
  • Supported Currencies – Support for some of the most popular cryptocurrencies.
  • Jaxx asset liquidity – means your Jaxx assets are in high demand.
  • Access Anywhere – all features on any device

Safety & Security

Jaxx implements strong security features, but it is a hot wallet so only keep enough coin to complete expected transactions. Store larger amounts elsewhere. Ideally in a hardware wallet.

Jaxx includes 4 digit PIN (which isn’t much) and creates a 12-word backup phrase. Plus, you can set a password that encrypts your data. It does not include two-factor authentication or multi-signature support.

 

Usability

Jaxx excels at usability. It is accessible through most electronic devices. Including, mobile phones and PCs.

Quick Guide

  1. Download the wallet from the Android or Apple store.
  2. Open the exe file & click the orange screen pop-up
  3. Click ‘Create New Wallet’
  4. That’s it, your wallet is ready to use

OS Compatibility

  • Windows and apple
  • Androids
  • IOS
  • Google Chrome
  • Firefox extensions

Platform Compatibility

Multi-Platform Support

Coins Supported

  • Bitcoin
  • Ethereum
  • Dash
  • Ethereum classic
  • DAO
  • Litecoin
  • Augur
  • and more…

 

Reputation

The Jaxx Universal Cryptocurrency Wallet has had some issues with its safety reputation but is otherwise well regarded. It has continued to address concerns and make improvements.

Customer support

I haven’t used their customer support and have heard little about it. What I did hear is par for the course.

Feedback

I’ve read several mixed reviews. This isn’t so unusual. Those frustrated tend to shout the loudest. That said, the above-mentioned security issues are worth noting.

I have also read favorable reviews. Stating the individuals were pleased with the service.

 

Costs

Price

The Jaxx app is Free to download through Apple and Android mobile stores as well as on the Jaxx site.

Fees

Jaxx doesn’t charge you a fee, but fees will be applied by the network. The fees are determined automatically and applied by the cryptocurrency trading networks you use.

 

Final Verdict

GOOD

Jaxx is a great permissionless wallet with full control of their funds. It’s a unique platform with a variety of beneficial features and improved security.

So what’s the verdict? I give it a GOOD. It’s going to be a valuable resource to those more casually shopping oriented users.

Anyway, I think I may have a bit of a bias on this one. Let me know what you think below.

 

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Jaxx Universal Cryptocurrency Wallet 8.6 Cost 8.9/10 Functionality 8.1/10 Security 7.9/10 Usability 9.3/10 Pros Free App download Support numerous cryptocurrencies Quickly access with phone or

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