11-29-2018, 10:50 PM
Jaxx Wallet: What It Is and How It Works
The Jaxx wallet is seen as one of the most popular wallets among cryptocurrency users. This wallet is used for “cold” storage of coins; it has a mobile, web-based and desktop versions (the latter is a portable version you can store on and launch from a USB drive). It has no particularly unique features that would make it stand out among other wallets. Let's have a closer look at it.
Security
Many users think that Jaxx is one of the leading wallets in terms of security. Its set of features allows you to make backups and restore wallets on other devices, use the payment PIN code feature and obtain a private key.
What it can do
- Jaxx is integrated with the ShapeShift cryptocurrency exchange allowing users to exchange coins within the wallet, even though for a fee.
- You can use Jaxx to store BTC and ETH or some new coins growing in popularity. In total, it supports several dozens of coins.
- The wallet can be used with Windows, Linux, OS X, Android and iOS. Additionally, you can set up the Jaxx extension by Google Chrome for your browser. You can also synchronize all wallet types on various devices.
How it works
You're recommended to download the Jaxx installation file via the official web-site jaxx.io. Select the suitable version of the program, download the installation file and install the wallet. In the process, you will be prompted to accept the Terms of Use.
You're recommended to select the coins you're confident you will use — don't overload the wallet.
Naturally, the most important recommendation is making a backup copy and saving the secret phrase which includes 12 words for this wallet.