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Wallet Review: Jaxx Blockchain

Image courtesy of coincentral.com

By Japhet Kapambwe Mesa

Jaxx Blockchain wallet is a popular, multi-currency wallet developed by Decentral, a Bitcoin company well known for their ATMs, wallet, and other services in the digital currenc ecosystem. In this review I will look at the features of the Jaxx wallet, what makes it tick and the concerns currently.

The wallet supports more than 50 different cryptocurrencies, including Bitcoin, Ethereum, Ethereum Classic, Bitcoin Cash and more. This is something definitely worth considering when choosing a wallet but it is not the thing that gets me. WHat does though, is how simple it is to use. I particularly like its minimalistic layout. The layout is intuitive making it extremely easy for a user, even a newbie to cryptocurrency, to use. The user can simply choose to receive, send or exchange their preferred coin by simply logging in and selecting their currency of choice.


Let us take a quick tour of the menu offered by the wallet.

1. Tools Menu

Under the Tools menu, the user can do the following:

1.1. Backup Wallet - This is where the user can find their wallet's 12-word Backup Phrase and Pairing Code and have the option to backup their wallet by verifying their Backup Phrase. This is an important feature which is present in all well designed wallets. This feature allows the user to either duplicate their wallet onto a number of devices or more importantly, it allows a user to reclaim their wallet should they no longer have access to their primary device.

1.2. Display Private Keys - Here the user can view and/or export private keys and public addresses.

1.3. Pair devices - Here the user can pair their wallet to or from another device with their Backup Phrase/Pairing Code

1.4. Transfer Paper Wallet - The user can send funds from a paper wallet or private key into their current wallet in Jaxx.

2 Settings menu

2.1. Setup Security PIN - I cannot over-emphasize the need to setup a unique PIN to restrict access to your wallet. The PIN is for added security when sending funds and accessing important tools such as the pairing and backup tools.

2.2 Reset Jaxx Cache - Generally we clear cache on our apps in order to enhance their security and performance. Resetting the Jaxx wallet reinitializes it. This will not affect the Backup Phrase, private keys or PIN.

2.3 BTC Mining Fee - The Bitcoin network requires a fee to be paid for each transaction. The fee rewards the miner that includes the transaction in a block. The user has the option to select/alter the mining fee. The user can choose between fast, average and slow fees. Fast fees may result in a transaction being confirmed in the next block (i.e: within 10 minutes). Meanwhile, average fees may result in a confirmation occurring in the next 3 blocks (i.e: between 30 to 50 minutes). Slow fees on the hand may take days to be confirmed.


Jaxx can be downloaded from Google Play and iTunes. Getting started with Jaxx is extremely easy:As the Jaxx website explains: “No onboarding, no information, no verification required. Nada”.Simply download the Jaxx mobile wallet and get started You’ll likely find that the sleek interface is attractive and easy to use. To learn more about its features, visit the website jaxx.io before downloading the app.

Pros & cons
Pros
  • Ideal for beginners.
  • Wide selection of cryptocurrencies, including the world’s largest.
  • Highly accessible, with mobile and desktop compatibility and seamless integration across all platforms.


Cons
  • Bad press lately due to security concerns.
  • A lack of 2-factor authentication.
I hope that this review will help you get started with Jaxx Blockchain Wallet. If you have any questions regarding this review please leave a comment and we will get back to you soonest.


Sources:

www.coincentral.com
www.finder.com
jaxx.io

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