Jaxx is your wallet for Bitcoin, Bitcoin Cash, Ethereum, Ethereum Classic, Litecoin, Dash, Zcash and a long list of other blockchain assets and cryptocurrencies. Trade, spend, and receive using Jaxx.
The user may need a Jaxx Wallet address to receive payments. They will first have to choose the currency they are exchanging. Then they can go to the receive option and find their wallet address for that currency. Users can just copy this address for any transactions.
When the Jaxx Wallet first opens after download, by default, it shows the address for the user’s Bitcoin wallet.
- The Jaxx Wallet is entirely free, so far as it does not charge the users any fee for its service of storing cryptocurrencies.
- The Jaxx Wallet app does not cost anything to download.
- It earns its profits when customers use the ShapeShift application built into its system.
- When users transfer their digital assets from the Jaxx digital wallet to some other digital wallet, they have to pay some blockchain network fees. The faster the transaction on a blockchain network, the higher is the transaction fee typically.
- But Jaxx does not earn any exchange fee from this charge at all.
Jaxx Wallet is a product of the mother company Decentral. The Unity Tokens are a feature that Decentral is introducing. The Unity Tokens will be digital tokens like the reward points or benefit points players get in gaming. The Unity Tokens will be awarded for using services that are partners with Decentral. This is part of Decentral’s primary objective of reaching at least 10 million users every single month.
The Jaxx Wallet is a multi-currency wallet. At present, their list of supported currencies has crossed ninety. Another advantage of Jaxx is that they also support some lesser-known but lucrative digital coins and tokens. Some of the most popular cryptocurrencies compatible with Jaxx Wallet are:-
- Bitcoin (BTC)
- Ethereum (ETH)
- Bitcoin Cash (BCH)
- Dash (DASH)
- Litecoin (LTC)
- Unity (JXX)
- Doge (DOGE)
- ZCash (ZEC)
- Ethereum Classic (ETC)
- Ripple (XRP)
- EOS (EOS)
The Jaxx Wallet ensures absolute user safety by providing that Jaxx stores no personal information since it is a non-custodial platform. The keys and the passwords are all stored on the user’s device. It is entirely up to the user to maintain the safety of their device. They should also not reveal their security pin or password (12 word) to even friends and family to avoid all possibilities of a data leak. Jaxx Wallet also uses highly advanced encryption levels to prevent hackers from accessing or hacking user’s cryptocurrency wallets. Although, to learn Jaxx Wallet security protocols in detail check this link.
A Jaxx wallet was hacked once in 2017 and a user lost ETH worth almost 400,000 USD. But it was not a failure of Jaxx’s security system. The user had unknowingly downloaded their wallet onto a jailbroken phone and could be accessed by users from any network, and the hackers managed to find the user’s backup password. This event proved to users once again the need to ensure the safety of their devices and keys.
However, Jaxx Liberty is part of Decentral’s massive worldwide scheme to expand its business. Decentral’s present trajectory and potential for future growth show that Jaxx may have many new updates in the coming months. Jaxx Wallet’s reviews are all primarily optimistic about their future expansion, making the service even better and safer, and more accessible for users.
Jaxx Liberty used to have a customer support system that worked through social media sites and support team email. But fraudsters, imposters, and hackers found it easy to replicate these and dupe customers. So Jaxx Wallet has now shifted to an exclusively in-app system.
One of the new features on the Jaxx website and the Jaxx Wallet platform is a small help icon on the bottom right corner. Users can contact customer service personnel through this option to solve any problems or find answers to any queries. Jaxx Wallet reviews mention quick and satisfactory problem resolutions.
The Jaxx Wallet or Jaxx Liberty is a trendy digital currency wallet. It has millions of users who regularly use the platform to store and exchange their digital currencies. As per user reviews, the primary concern for users when choosing digital wallets is the ease of use and security. Jaxx Wallet has more or less been able to satisfy both of these concerns. As a non-custodial platform, one of its security features, it has shifted all responsibility of security of assets to the user’s control. On the other hand, it’s easy user interface, user-friendliness, well designed, the simple integrated ShapeShift feature, and compatibility with supported cryptocurrencies make Jaxx Wallet a perfect choice for digital currency traders.
Is Jaxx Wallet Safe?
The Jaxx Wallet is a non-custodial wallet meaning full responsibility of maintaining the safety of their device and password protection is on the user. Jaxx does not take or store any personal information from the user. But the Jaxx Wallet uses very advanced levels of encryption for the extra security of the users.
How Do I Withdraw Money From My Jaxx Wallet?
Jaxx Wallet does not facilitate the conversion of cryptocurrency into fiat money. Users need to transfer the currency from their Jaxx Wallet to an exchange to convert to fiat. This fiat can then be deposited in and withdrawn from the user’s bank account.
Does the Jaxx Wallet Still Work?
Jaxx Wallet is still working and increasing its user base. But it is rebranding to Jaxx Liberty. All the same features and more are available on Jaxx Liberty. But users should ensure that their app is updated to the latest version to access these features.