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Jaxx is multi-platform and support a variety of cryptocurrencies but users are complaining. Mostly it is about the slow transaction, high transaction fees-though they say the fee is dynamic and goes directly to the cryptocurrency network, lost coins and irresponsive support dispensed through their ticketing system. Saves time and money. My honest opinion here is two way…yes and no…why? Well, the interface is undoubtedly awesome.
They really try to onboard peeps and make it user friendly as possible and that is why I recommend you using it mainly as a hot wallet meaning you can only store small amounts of coins especially if you often transact. The faster they resolve customer complaints the higher the ratings.
That works in tandem, no escaping that. Now, the major concern is the security issue. A white hat demonstrated this but these guys keep on responding with no action. We need lightning to do the work not thunder. The moment they resolve this and lower miners fee then I will recommend whales to store their coins here. For now, I will steer clear. Unless you are wiling to lose your money. No one will respond back to your requests. The fee is from the blockchain network that everyone needs to pay.
It holds my funds. It charges large fees. Your email address will not be published. Your Review. Save my name, email, and website in this browser for the next time I comment. Title of your review:. Home Wallet Reviews Jaxx.
Visit site. By BTCGuru. Introduction Jaxx wallet is a product of Kyptokit, a Canadian-based firm which was started by Ethereum co-founder and former Toronto Stock exchange hot shot Anthony Di Iorio back in Design: The design is modern, attractive and professional, as well as consistent across all device platforms.
Figure 4: Platforms supported The design imparts some degree of professionalism, a change from early wallets with experimental feeling that could be intimidating to new users. Security: Guys, this is important please pay attention here. Final Verdict: My honest opinion here is two way…yes and no…why? Poor Service!! Good so far!! Bad experience with Jaxx!! Your overall rating of this listing:. Our WALLET rankings and reviews are based more many factors including security , anonymity, supported coins, wallet platforms, ease of use, customer support and price.
If you failed to setup then chances are your funds will be compromised. Sending and receiving coins are pretty much the same as they are basic feature and can be found on any wallets. Both send and receive option can be found on the home screen of Jaxx wallet. To send coins from Jaxx first choose the coin which you wish to send.
Then go to send tab, enter the wallet address, choose the amount to send and click on send. Now a confirmation screen will popup asking for your security PIN. If it is perfect then enter your PIN and confirm send. The process in receiving coins to your wallet address is also the same. It will generate your wallet address and the QR code along with the specified amount.
Now this is a feature that Jaxx stands out from other multi currency wallets. In order to transfer and exchange between currencies Jaxx uses a third party service called ShapeShift. ShapeShift allows you to instantly convert between some of the coins supported by Jaxx. Wait, so is it not similar to Poloniex or Binance where I can hold and trade coins at the same time? The difference is they are exchange while Jaxx is a wallet in which you control your private keys. This in wallet trading option is build in and to simply use this feature click on Exchange In new version or ShapeShift fox logo old version in your wallet.
Then enter the amount of coins to trade and the system will automatically fetch the current exchange rates. Once you are ok to trade click on exchange and it will ask for your confirmation. The process is; the coins will be first send to ShapeShift which gets converted and the exchange balance will be then transferred to your wallet. Remember that this process may take anywhere between 10 to 30 minutes depending on the traffic. Have patience when you are using this feature.
For huge amounts it is recommended that you send coins directly to your exchange and transfer from there. Hope it covers everything and if you any questions then you can head to Jaxx knowledge base here. The first and foremost goal of Jaxx is to provide users with full ownership and control. Since you own the private keys you have full control of your wallet. While the local access is secured through 4 digit PIN, the master key that is 12 words Master seed or Mnemonic seed is what secures your wallet private keys in whole.
All these information are stored locally in your device. Subject to getting hacked or wallet security depends on how well one handles this private information. There was not much information about the hack but it is said that Jaxx security team took the necessary measures promptly to recover those stolen funds. Some say it is a rumor and some confess the funds has been hacked due to users carelessness.
Whatever; Jaxx wallet has a security flaw and it is explained here particularly about the 12 words mnemonic seed word. Even though your wallet is password protected anyone who have access to your file systems can hack it. For wallet like such features it is a must to have 2 factor authentication support which Jaxx lacks currently.
Jaxx wallet review and final thoughts:. Jaxx is a free open source Bitcoin and Altcoin wallet that is ideal for beginners. You can easily access your wallet day to day by simply opening the application from any installed device. It will display your balance instantly without having to synchronize with the blockchain. More over it has in wallet trading that allows you to easily exchange between coins.
This wallet works the way it should, it has a decent security factor and moreover their customer support is quick. All support and wallet related issues are handled through ticketing system. Also there is a FAQ page here that answers most of the questions related to Jaxx wallet. While the features and tech support are good it never comes close to cold storage hardware wallets especially in terms of security.
Having said that remember that it is a hot wallet so it is not the right place to store large amount of coins. We use Jaxx everyday and there are many users who shared positive feedback about this wallet. Among other similar wallets Jaxx ranks high and it is the most recommended wallet. But remember to only use it for smaller credits. For larger amounts or to HODL purposes it is highly recommended that you use hardware wallet like Ledger.
Jaxx Bitcoin Wallet: Overall Score Jaxx is the only wallet of its kind to support cross platform and it serves its purpose well. It is recommended for everyday use but not a means to reserve Bitcoins. Your email address will not be published. Notify me of follow-up comments by email. Jaxx Review and Rating Design - 9.
Usability - 8. Functionality - 7. Currency Support - 7. Security - 4. Trust and Reputation - 6. Customer Support - 7. Jaxx is the only wallet of its kind to support cross platform and it serves its purpose well. User Rating: 3. Show More. We regularly publish content about Bitcoin, Ethereum, Altcoins, wallet guides, mining tutorials and trading tips.
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