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Reliable Storage of Cryptocurrencies – Jaxxify Wallet Review

17 June 2024 13:01, UTC

The Jaxx Wallet is a resource created by Decentral in 2016. It is designed to store a large number of cryptocurrencies. This number increases every year, and if it initially supported about 10 cryptocurrencies, today it can store about a hundred cryptocurrencies. This wallet is famous for its security, which is ensured by the possibility of backup, setting a PIN code, and a private key.

The program is free. You can store assets in the wallet, directly exchange them thanks to integration with ShapeShift, and send them to external addresses. The developers are constantly working on improving the software and adding new cryptocurrencies.

The platform has an intuitive interface, you can easily make all the settings. You can add new coins to your Jaxx wallet and set the transaction payment amount. No commission for deposits and withdrawals is required; you only pay for the services of the blockchain network.

Jaxxify Features

Jaxxify cryptocurrency wallet has gained significant trust from crypto money holders. This project has 4 attractive features:

  • Cross-platform. A variety of devices supports Jaxx storage. It is preferable to use the basic option on a desktop PC or laptop. There is a special application for mobile devices, as well as a browser extension for Google Chrome;

  • Seed phrase of 12 words. It is needed for greater security when managing digital capital and restoring access if passwords are lost;

  • Integrated ShapeShift service, which allows you to accurately and quickly perform conversions within a crypto wallet;

  • Multicurrency. Jaxx provides operations with more than 80 different crypto coins. The top currencies here are Ethereum and Bitcoin, including Ethereum Classic and Bitcoin Cash. Dash, EOS, Litecoin, and some others are also available. There are some rare altcoins like Wings, Storm, Cofoindit, and Viberate.

Jaxxify wallet security

Due to the incredible popularity of cryptographic currencies, organizations involved in the development and production of wallets for digital coins are constantly improving their products. Particular attention is paid to safety. The Jaxx developers did not invent anything new. They took advantage of the best practices existing in the cryptocurrency field:

  • PIN code confirming the completion of transactions or conversions;

  • A seed phrase designed to gain access to storage accounts in case of loss of passwords;

  • The keys are held only by the user.

Advantages of Jaxxify wallet

We can highlight the main positive features of the wallet:

  • Exceptional security (private keys, PIN code);

  • Restoring access to the wallet using a seed phrase;

  • Open source code, thanks to which anyone can take part in the wallet improvement;

  • Excellent design, made in pleasant dark colors;

  • Multicurrency. Support for more than 80 crypto-assets;

  • Cross-platform. Using the wallet is equally convenient on any device;

  • ShapeShift API support for instant conversion of any supported crypto asset.

Final thoughts

The Jaxxify project is nothing more than a progressive, popular multi-currency storage facility. It has managed to gain an excellent reputation in numerous core areas. It is versatile and facilitates payment for services related to the purchase and storage of crypto assets and their profitable conversion into other electronic money.