🔥 Jaxx Wallet put to the test: Our experiences in 2021!
Jaxx Liberty, previously founded under the name "The Jaxx Classic", has been available on the market since 2014. Launched by Decentral, a Canadian provider powered by Co-founder Anthony Di Iorio Jaxx was one of the safest and most modern Wallets become. Jaxx Liberty may make it possible for all those who are still insecure or even have a lot of respect for the crypto world to get on without any problems.
With Jaxx Liberty you can manage almost 100 cryptocurrencies
If you deal with wallets, you will initially ask yourself which systems are used digital wallet compatible and which crypto currencies can be managed with it. Jaxx Liberty scores a) when it comes to the question of which cryptocurrencies can be managed and also b) when it comes to which operating systems is the wallet compatible with.
The following cryptocurrencies can be managed in the wallet - in alphabetical order:
- BCH (BCHABC)
- BNB (ERC 20)
- WAX (ERC 20)
Above all, don't forget that this is a cross-platform, multi-currency wallet. That means you can use Jaxx Liberty for a variety of operating systems, and more countless cryptocurrencies manage with it. Jaxx Liberty is compatible with the following operating systems:
- Google Chrome add on
Due to the fact that Jaxx Liberty also runs on iOS and Android devices, you can also use the wallet can be accessed. For example with a tablet or smartphone.
Setting up the wallet
There are three installation options available. So you can install the wallet on the desktop (Linux, MAC, Windows), you can set up Jaxx as Liberty as an extension for the browser (Google Chrome) or install it on the tablet or smartphone (iOS, Android).
The following section explains how the wallet is installed on a Windows operating system.
All three versions can be easily downloaded from the Jaxx Liberty official site. Here you just have to click on the "Download" menu and then download the latest version for the browser, the app or the desktop. You can also download the app from an external store - for example from the Google Play Store (Android) or the Apple App Store (iOS).
After the download has been completed, which usually takes less than five minutes, depending of course on the Internet speed, the installation can be started. You can opt for the standard settings here or take individual precautions right at the beginning. Especially beginners should "be content" with the standard settings at the beginning and only deal with the details once appropriate experience has been gathered.
# Buy cryptocurrencies
Now the wallet has been installed - now you can Buy cryptocurrencies. If you use Jaxx Liberty, there are several options: You can buy coins of certain cryptocurrencies via a marketplace to which Jaxx Liberty is connected - marketplaces include, for example, Simplex or Changelly. This means that you can then easily use these marketplaces Ether, Bitcoin like Litecoin or purchase other digital currencies.
Of course, you can also have coins sent to you by other users or send them to other users yourself. In this case, the public key must be passed on so that coins can be received.
What are the fees?
This is an (almost) completely free wallet. Jaxx Liberty does not impose any maintenance fees or charge any other costs. This means that there are no costs to be paid in this area. However, there is a transaction fee. This is due when you send money or coins to another person. The cost of the transaction is determined by the network - so Jaxx does not benefit from the fees incurred. The amount of the transaction costs also depends on the network load. In other words, it cannot be said in advance how “expensive” it will be if you transfer coins of certain crypto currencies to other people.
But you can definitely influence the level of fees. Because you can influence the transaction time with the categorization “Lower”, “Higher” or “Typical” - that is, if you choose “Lower”, you will pay significantly less fees than if you choose “Higher”.
The pros and cons at a glance
As already mentioned, Jaxx Liberty is a multi-currency wallet that is highly functional and runs on all common operating systems. There is also the wallet for the desktop and for the mobile device. You can store more than 80 cryptocurrencies in your digital wallet, so you can build a diversified portfolio here with a single platform. In addition, Jaxx Liberty scores due to the fact that it has a very high security standard and also a very high level of anonymity.
Above all, it should be mentioned that Jaxx is now not just a classic wallet - that would be a pure understatement. Because there are many more functions that Jaxx Liberty offers. So there is one News Viewer to stay up to date with all things crypto currencies, and you can also get market data on certain trends such as prices. In addition, you can use the block explorer to take a look at the blockchain and thus find out certain transaction data.
Furthermore, one scores with the fact that no costs are charged here. There may be transaction costs, but they are independent of Jaxx Liberty. You can only go over here the wallet choose how fast the transaction should take place - that means you can influence the cost level, but since these are always individual, you cannot know in advance how expensive one or the other transaction will be.
But every medal has a downside - so does Jaxx Liberty. The customer service is not convincing. Because the employees may be friendly and competent, but you can only contact them via the contact form or Twitter. This is far too little in today's world.
Speculate or Invest?
Do you think you want to speculate with cryptocurrencies or invest in digital currencies, there are various ways available. It is important that you do not only deal with the right wallet in advance if you are planning, To buy coins, but also takes a look at the provider - i.e. the crypto exchange through which investments are then to be made. If it's just about price speculation, you don't need a wallet, but one Online Brokerthat creates access to the crypto market.
At this point you can eToro to get expelled. Because eToro is an online broker that allows speculating with crypto currencies, but also one Crypto exchangeso that investments can also be made through this provider. In addition, eToro scores with the fact that here your own wallet is made available. However, this does not have to be used. You can very well continue to work with the Jaxx Liberty.
eToro is a popular and well-known provider regulated by the CySEC, the Cyprus Securities and Exchange Commission, the Cypriot financial regulator. In addition to cryptocurrencies, various other assets are available here. Among other things, eToro also provides social trading. This is a way of making decisions like Adopt the strategies of experienced traders can. That means, you orient yourself here on the successful traders. It should be noted that there is no guarantee of profit - no matter how much experience the trader you are following has already gained.
Is it a fraud?
A question that you of course have to investigate: Is Jaxx Liberty serious or do you have to be afraid of fraudulent machinations here? Due to the fact that in the crypto industry quite a few black sheep are up to mischief, you will be particularly critical when there are products on the market that are absolutely convincing and promising. It's the same with Jaxx Liberty.
The check has shown that it is a reputable provider. You don't have to be afraid of fraud or dubious machinations such as transactions.
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