Review on Jaxx Wallet by Gabriel Medina
Wallet with great support in cryptocurrencies but has security problems
This wallet is one of the few that will allow us to exchange cryptocurrencies for free. It has more than 90 cryptocurrencies and is practically anonymous, so we must know it without a doubt.
What is Jaxx?
Jaxx Liberty is a cryptocurrency wallet that will allow us to store multiple and numerous cryptocurrencies, between about 80 or 90, among them are the best known which are:
In addition, we have the possibility that our funds are accessible from any platform as it would be from an Android device or Computer.
Security
When downloading the application they will not ask us for any personal information or mail. This makes it more secure for the trust of users since we will be the only ones who know our private keys, since it will be stored locally and not on any server. However, although this increases security, we must be very careful because if we lose our keys we will also lose all funds. We can make a backup copy of the keys or restore them in a Jaxx wallet that we just downloaded or in a new device, using a security phrase that we must write down and make sure we never lose it.
It doesn't even have two-step authentication or multi-signature, this makes it riskier to use.
In 2017 a user suffered a hack where he lost most of his funds in Ethereum dollars. This is undoubtedly worrying for the reliability of users who decide to use this wallet.
Availability
This wallet is available in desktop versions for:
On mobile it is for:
Also as an extension in:
Features
This wallet has three functionalities which are:
Conclusion
It is an excellent and extraordinary wallet that offers great support in a large number of cryptocurrencies, availability of use for computers and mobile devices, good customer service 24 hours a day, however, it tends to have problems in terms of security and this it gives a lot of distrust.
Pros
- Multiplatform that can be used in computers and cellular devices with their respective compatible operating systems.
- Great numerous support in cryptocurrencies.
- Customer service 24 hours a day.
- Anyone will be able to collaborate with the project because it is open source.
Cons
- It does not have two-step authentication and multi-signature.
- Suffered a hack where a user lost a lot of dollars in Ethereum.
