Jaxx is an application and cryptocurrency wallet that offers users a lot of features like a built-in exchange, portfolio, and news, all in one single application. Jaxx Wallet supports more than 80 cryptocurrencies and allows users to check their balanced and transaction history easily. The wallet is available for Android, iOS, and Google Chrome Web Store. Jaxx is also a desktop wallet available for Mac OSX, Windows, and Linux.

Jaxx wallet has a rating of 4.3 stars on the apple store, a 4.7-star rating on Android, and a 3.9-star rating on the Chrome web store. The design of the wallet is very minimalistic, however, this doesn’t mean it lacks complexity. It simply brings simplicity to users with a beginner-friendly interface.

Features

The Jaxx Wallet has some distinctive features which make it far different than the competition. The Jaxx Wallet allows users to actually trade cryptocurrencies inside the wallet, without having to withdraw them.

Thanks to third-party apps like Shapeshift that are built-in the wallet, users can trade all the supported cryptocurrencies easily. The application works perfectly and has almost no downtime.

With the Jaxx wallet, users can easily manage their portfolio and customize it. Users are able to track individual coins and see relevant information about them. Check value changes over the last hour, day, and other timeframes. Additionally, users can also check and track other market data, for instance, price changes of the top 100 assets.

In today’s modern age, mobile and desktop wallet app has standard includes using a QR scanner to avoid human errors and that is why Jaxx can keep up with the trends. The app has also integrated a tab specifically for blockchain news. According to the official Jaxx website, users are able to receive daily relevant blockchain news and updates from trusted sources.

Jaxx has a worth mentioning feature where we can customize the fee system. Options include 3 fee options from slow, average, and fast. Each varies its fees so you can choose how fast you want of how much you are willing to spend on the transaction. Another is the unified dashboard. Whatever you see from the desktop will give you the same picture on your mobile app with accurate holdings.

The Jaxx wallet is actually one of the few free wallets that come with 24/7 customer support. Some users have complaints about platform bug, the developer was responsive enough to resolve the problem. Users can contact the support team via email or social media.

Security

Security is clearly one of the most important aspects when it comes to cryptocurrency wallets. As a software wallet, Jaxx is less secure than a hardware wallet, however, Jaxx still offers a high level of security.

Jaxx is a hot wallet. It means it uses the internet all the time that made it less secured unlike cold wallets so storing huge sums of cryptocurrencies is not advisable. However, it has a common wallet recovery feature called Master seed, a 12-word private key.

Jaxx doesn’t have access to your private keys and uses industry-standard security protocols in order to ensure your mnemonic phrases are totally random and secure.

According to the official website, Jaxx uses an encryption algorithm similar to banks to encrypt your core wallet data. Jaxx is one of the most downloaded cryptocurrency wallets which means it is highly trusted though Jaxx is not an open-source application, the developers made the source code public and available for anyone to review.

Conclusion

Jaxx is a great multi-crypto wallet that offers support to a lot of cryptocurrencies and is available on all platforms. The customer service is great and available 24/7 and the wallet has a wide variety of features including a built-in exchange and portfolio tracker, perfect for traders.

The only few downsides of Jaxx are that it doesn’t support all cryptocurrencies and it’s missing some popular ones like Ripple (XRP) or XLM.

As a software wallet, it’s not recommended to keep a large number of coins inside it, however, the Jaxx wallet does offer a high level of security for a software wallet.

The wallet has been used and downloaded by millions of users around the world. The wallet is great for new and experienced users and could easily become the most popular wallet in the cryptocurrency market.

Despite the lack of security features Jaxx wallet is still recommended by most users because it is user friendly and the overall convenience is satisfying.