1 Level
40 Review
24 Karma
Review on Jaxx Wallet by Aniruddh Ravel
JAXX
Jaxx is a cold storage, desktop wallet platform, created in 2014 by a company called Decentral Inc. that is based in Canada. The company’s owner is a blockchain organization that is currently located in Toronto. The founder of the company is Anthony Di Iorio, famous for being an Ethereum co-founder in 2014.
The services are not limited to Canadian traders only. Investors all over the world can sue the services as long as they have coins in their position (or plan to have in any case). It is free to use and maintain, with the registration of an account lasting under 5 minutes.
Jaxx is a desktop wallet, meaning it is downloadable on multiple platforms, keeping bitcoins safe using software installation. The cold storage function is vital security feature since the wallet can be used in both online and offline environments.
Using address codes generated by the Jaxx, you can maintain crypto money balance, send and receive coins and swap them around using company’s exchange rates
Pros
- A large number of coins available
- several platforms, including Chrome extension, iOS, Android, Windows and Linux
Cons
- lack of development and no new developments planned
- security really low, with no functions apart, form 12-word recovery available
- the wallet is not encrypted
- swap exchange rate using ShapeShift is large
