Explain Code App VS Jaxx

No features have been listed yet.

• Multi-Currency Support
  Jaxx supports a wide variety of cryptocurrencies, allowing users to manage multiple assets in one wallet.
• Cross-Platform Compatibility
  The wallet is available on multiple platforms including Windows, macOS, Linux, Android, and iOS, enabling users to access their wallet from various devices.
• User-Friendly Interface
  Jaxx features an easy-to-navigate and intuitive interface, making it accessible to both beginners and experienced users.
• Built-in Exchange
  The wallet includes a built-in exchange feature that allows users to quickly swap between supported cryptocurrencies without needing to use an external exchange.
• Integration with ShapeShift
  Jaxx is integrated with ShapeShift, facilitating seamless in-app conversion between different cryptocurrencies.
• Decentralized
  Jaxx does not store user funds or private keys on its servers, providing a higher level of control and security to the users.
• Backup & Recovery
  Jaxx offers a backup and recovery option via a 12-word master seed, ensuring that users can recover their funds even if they lose access to their device.

Possible disadvantages

• Security Concerns
  As a hot wallet, Jaxx is connected to the internet and may be more susceptible to hacking attempts compared to cold storage options.
• Limited Customer Support
  Users have reported that customer support can be slow to respond, potentially making it challenging to resolve any issues quickly.
• Lack of Advanced Features
  While Jaxx is user-friendly, it may lack some advanced features sought by experienced traders and investors, such as detailed transaction monitoring tools.
• Performance Issues
  Some users have reported occasional bugs and performance issues, including slow loading times and crashes.
• Not Fully Open-Source
  Jaxx has some components that are not open-source, which can be a drawback for users who prioritize full transparency in the software they use.
• Relatively High Exchange Fees
  Using the built-in exchange feature and ShapeShift integration can sometimes result in higher fees compared to using dedicated cryptocurrency exchanges.

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Tracking Explain Code App since Feb 2022.

• Bitcoin fake transaction software

  -The wallet supported: blockchain, coinbase, block.io, jaxx.io, coinpayment, and other wallets that do not wait for confirmation before updating the wallet balance. Source: over 4 years ago

• Scam Website www.jaxx.sh

  Friend got scammed by going to www.jaxx.sh. Looks legit, asks for backup seed phrase and then takes you to your real jaxx.io wallet. 24 hours later all funds drained! Beware. Source: almost 5 years ago

• Jaxx Liberty Hacked

  What phone do you have? Android or iOS? How did you download the app – via the official website jaxx.io or did you go to the app store and search for it that way? If the latter, you could have downloaded a fake app that steals your keys... Source: over 5 years ago