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This rating describes our personal assessment of the user-friendliness of the product. How easy is the onboarding process? How modern is the user interface and is it easy to use? Are all the important functions quick and easy to find? We ask ourselves all these questions in order to give a personal rating from 1 to 10 points.
For products or services in the crypto space, trust and security should be the biggest factors in the selection process. Since we could not seriously evaluate the technical security of a platform or product, we analyze publicly available factors such as security features, location, regulation, certifications, audits, team/company, general reputation and, of course, track record.
Crypto doesn't have to be cryptic. Especially for beginners, the first contact with the crypto world can be overwhelming. With this rating, we give our assessment of how easy it is for beginners to find their way around: from the onboarding process to using the most important functions.
Customer support is an important factor for many users. A long wait or no response at all in the event of problems can be frustrating, especially when it comes to sensitive topics such as finances. With this rating, we give our assessment of the quality of customer support. In order to provide as balanced an assessment as possible, we also include user opinions from other platforms in our evaluation.
Some exchanges and brokers are regulated by financial supervisory authorities in certain countries/states. This often entails strict financial regulatory requirements and compliance requirements to which the company must adhere. Regulatory clarity can contribute to greater transparency and thus also greater trustworthiness.
Do you have ideas or suggestions for changes? Then we look forward to your feedback! We make every effort to keep all metrics and information as up-to-date as possible. However, if you discover an error or outdated information, we would be delighted to hear from you.
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A wallet that is “open source” makes its software code public (e.g. on Github). Either the entire program code or at least significant parts of it are publicly accessible. This has the advantage that many parties can review the code and security gaps or other vulnerabilities are discovered and improved more quickly.
The so-called "private key" is a unique sequence of numbers and characters and the private key that gives you direct access to and control over your cryptocurrencies. The private key is used to sign transactions. In simple terms, it can be seen as a digital fingerprint that proves that you are the owner of the cryptocurrencies. If you store your cryptocurrencies on so-called "custodial wallets" (e.g. crypto exchanges), you are not the owner of your private keys.
The anonymity of “non-custodial wallets” is generally relatively high. However, there are differences between providers when it comes to collecting and storing user data. There can also be differences in the ordering process for hardware wallets as to which user data is stored and for what period of time
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The so-called “secure element” is a chip (microprocessor) that stores your private key and is separated from the rest of the hardware. This special chip gives the hardware wallet significantly more protection against local, physical attacks. Depending on the chip, a different level of security can be offered. Some chips can be compromised with less effort, while with others this is only possible with special equipment and is extremely complex.
The overall rating is the average of our individual ratings. Our ratings do not constitute investment advice, but merely our personal opinion. You are welcome to use them as rough indicators and additional perspective. In the dynamic and fast-growing crypto sector, parameters can often change from one day to the next, so we cannot guarantee that the rating data is up to date. Therefore, please never use our ratings as an isolated basis for decision-making and not as a substitute for your own research.
Some wallets offer an integrated trading function within the wallet to buy and sell cryptocurrencies directly. This functionality is usually made possible by a connection to the web interface of an exchange. The integrated trading function in wallets offers enormous advantages: cryptocurrencies can be bought in the same place where they are to be stored. The manual transfer of cryptocurrencies from an exchange to your own wallet is therefore no longer necessary, which can save time and money.
Multisignature wallets or multisig wallets are wallets that require at least two private keys to sign a transaction. This additional process makes it possible to greatly increase security against unwanted access, for example through personal threats. This security mechanism is particularly useful when storing particularly high assets.
If the hardware wallet or the device with the corresponding software wallet is lost or damaged, there is no need to panic. As long as you have your private key or recovery seed (also called “seed phrase”) in your possession, you can restore your wallet at any time. The recovery seed is a combination of 12-24 words and is the most common backup method for wallets. Important: Keep your recovery words and private keys secret and never share them with other people!
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Jaxx offers a robust and straightforward wallet for cryptocurrency management. With that said, compared to other software wallets, the app is somewhat more complex, and the user onboarding process isn't as seamless or beginner-friendly as some of its competitors e.g. Ledger or Trezor. Consequently, we can't fully recommend Jaxx, as it also lacks features that are very common with other wallets, an interface for decentralized applications (web3), and NFT support.
Jaxx
Overview
Quick Facts
The Jaxx Liberty Wallet, was developed in 2014 by Ethereum co-founder Anthony Di Iorio, is one of the early crypto walletsin the space. Jaxx provides a straightforward solution for storing over 80 cryptocurrencies. In addition to the support of over 80 currancies it also provides a interface for trading tokens as well as a crypto news feature.
Informations
Pro's & Con's
- Established presence in the market
- In-app cryptocurrency news updates
- Integrated block explorer
- Outdated design
- Limited functionality
- No Web3 interface
- Lack of NFT support
Jaxx
Hardware
Offer and features of
Jaxx
Functionality
Unique Features
- Blockchain Explorer
Platforms
Our
Jaxx
Review
Test Result
Conclusion
Jaxx offers a robust and straightforward wallet for cryptocurrency management. With that said, compared to other software wallets, the app is somewhat more complex, and the user onboarding process isn't as seamless or beginner-friendly as some of its competitors e.g. Ledger or Trezor. Consequently, we can't fully recommend Jaxx, as it also lacks features that are very common with other wallets, an interface for decentralized applications (web3), and NFT support.
Customer Reviews
/ 5 average rating from -- reviews
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Jaxx
User Reviews
While some users report technical problems and performance issues occasionally, the majority of users reports a user-friendly interface and intuitive and simple wallet experience.
Most users report the build-in swap feature powered by ShapeShift makes it easy to exchange tokens, some users however, would like to see more advanced feature such as staking.
Most users would like to see more assets to be listed.
While the Jaxx wallet is a non-custodial wallet where users have control over their private keys, some users mentioned security concers about cases where user fund were lost. This however, can be due to user error rather than a security issue with the wallet.
The Jaxx wallet is easy to setup and received a lot of praise from users that are new to crypto.
Customer service for the Jaxx wallet got mixed reviews; although some customers appreciated the support team's helpfulness and rapid response, others reported delays in response time.
Overall, the Jaxx Wallet has gotten mainly excellent feedback, particularly for its user-friendliness and broad support for cryptocurrency. However, there are differing perspectives on customer service and certain security issues. Nonetheless, user feedback indicates that the Jaxx wallet is well-received.
About
Jaxx
Jaxx
About the author
At Exchange Flow, Ethan is recognized as the resident crypto expert. With 10+years of experience navigating the waters of global crypto exchanges, Ethan is a trusted voice in the ever-evolving world of digital currencies. He tests and scrutinizes exchanges so you don’t have to, offering reviews and articles that newbies and seasoned traders alike find invaluable. When he’s not coding, Ethan likes to travel and play retro games. He uses his crypto earnings to fund his trip around the globe.
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