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Even though Jaxx is a good wallet, it is not the best. Read on to find out what the best alternatives are. On this Page:.
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Is the Jaxx Wallet Recommended? Pros: Jaxx is an ideal wallet for beginners because of its intuitiveness and ease of use.
It offers services across multiple currencies, which is very helpful as it gives customers a range of choices.
This also gives it edge over wallets like GreenAddress that only support one currency. Its high compatibility with mobile phones and desktops make its accessibility easy.
Cons: Major security threats. Jaxx has made headlines for one of the biggest security issues. Its lack of 2-factor theory makes it less secure.
No verification during logging in. The fact that Jaxx does not request for any verification whatsoever when logging in makes its security and privacy measures as good as nothing.
No identifying requirements when opening the account. This makes it difficult to differentiate a fraudster from the real owner.
Can you trade cryptocurrencies from inside the Jaxx wallet? Who should use Jaxx? Is it possible to transfer my token sale tokens into Jaxx?
Why do I need to secure my Jaxx Backup phrase? Why does my cryptocurrency address keep on changing? What is a Bad Jump Destination?
Why are my transactions not going through? Why is my token balance incorrect? Remember, all trading carries risk.
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In addition, it is not a requirement for users to provide any personal information, including email addresses before accessing the wallet.
Therefore, there is no risk of user identity getting shared via the wallet. Jaxx is a Hierarchical Deterministic HD wallet.
In other words, the wallet generates a new address for each receive-transaction. This makes it difficult for the receiver to trace the transaction.
This feature is driven by a master-private key functionality developed using a word phrase.