Jaxx VS Exodus 2021: [Coin Wallet Comparison Guide & Reviews]

Jaxx VS Exodus 2021: [Coin Wallet Comparison Guide & Reviews]

The cryptocurrency wallet market is becoming more and more crowded with new wallets coming out every day. With so many options available, it can be difficult to decide which wallet is best for your needs. Today we’re going to look at the two most popular desktop wallets on the market today: Jaxx and Exodus.

The jaxx wallet is a popular wallet that was created by Jaxx. It has been around for quite some time now, and offers support for multiple cryptocurrencies.

There are many cryptocurrency wallets available, just as there are numerous cryptocurrencies. There are several options available, whether it’s hardware or software, desktop or mobile, single-currency or multi-currency. When it comes to the best cryptocurrency wallets, Jaxx and Exodus regularly rank at the top. What’s the difference between them, though?

In a fight between Jaxx and Exodus, who would win? Continue reading for a complete comparison and evaluation of each coin.

Table of Contents: Jaxx vs. Exodus

The Main Distinction

The major distinction is that Exodus works with the Trezor hardware wallet. At the moment, Jaxx does not support hardware wallets, but they promise that this functionality will be introduced in the future.

In most other ways, the two wallets are identical.

What exactly is Jaxx?

Jaxx VS Exodus 2021: [Coin Wallet Comparison Guide & Reviews]

 

Anthony Diiorio, one of the Ethereum blockchain’s co-founders, developed Jaxx, a multi-currency software wallet, in 2014.

The Jaxx Liberty wallet will be the subject of this review, since it is the newer version that has replaced the older Jaxx wallet, while both are still available.

It’s accessible for all major desktop platforms, including macOS, Windows (32- and 64-bit), and Linux, and it’s free to download and use (32- and 64-bit). There are also Android and iOS applications available. It may also be downloaded as a Chrome addon.

Features:

  • User-friendly design: Both the desktop and mobile applications have a simple, clean layout that allows users to view their balances (both overall and for each currency), transaction history, and other pertinent data.
  • Jaxx now supports over 90 cryptocurrencies, ranging from the most well-known ones like Bitcoin, Litecoin, and Ether to a diverse range of altcoins.
  • Cross-device compatibility: the Jaxx Liberty wallet is accessible on all major desktop and mobile devices. This implies that the wallet may be installed on many devices at the same time. You can access your accounts from your computer, tablet, or smartphone thanks to Jaxx’s ability to connect all of your devices.
  • Jaxx Liberty’s built-in crypto exchange is powered by the Changelly and Shapeshift APIs and allows you to buy, sell, and swap crypto tokens.
  • Jaxx features a built-in block explorer that allows you to see transaction details on the blockchain without having to leave the app.
  • Built-in news explorer: Jaxx Liberty’s news module provides daily cryptocurrency top news directly to your wallet.

 

Fees for the Jaxx Liberty Wallet are as follows:

Jaxx is completely free to download and use, with no transaction fees. Every time you transfer crypto to another wallet, there is, of course, a transaction charge.

This charge is determined by the kind of coin you’re transferring and the level of activity on the blockchain at the moment. However, this is a network charge that is paid to the blockchain rather than Jaxx.

When it comes to network costs, Jaxx allows you select between “high,” “medium,” or “low” prices when transferring bitcoin to another wallet. Higher costs imply your transaction will go through quicker, but if you don’t mind waiting, the other two alternatives are available.

So, how does Jaxx earn a living? When you make an exchange, they do charge a transaction fee. In other words, when they swap one token for another via the Changelly or Shapeshift API.

Jaxx Security is a private security firm.

Without answering the basic issue, “Is Jaxx Liberty Wallet safe?” no Jaxx review can be comprehensive. Your private keys are stored on your device rather than on any internet servers via Jaxx Liberty.

That’s a positive thing since that means you’re the only one who has access to your keys, even if their website is hacked in some manner.

If your device is broken, you may get your keys back by entering a seed phrase (which is similar to a password) that you should keep secure.

On the negative side, there is no support for two-factor authentication, which would provide an additional layer of protection.

Review of Jaxx Liberty

The Jaxx Liberty Wallet software is consistently rated as one of the finest bitcoin wallet applications available. And it checks a lot of the boxes: it’s a multi-currency wallet, which means you won’t have to clutter your computer or phone with hundreds of applications if you’re dealing with a lot of tokens.

Offline, your private keys are kept secure. It includes a crypto exchange, news feed, and block explorer integrated in, and it syncs across all of your devices.

While it has a lot going for it, there are two security concerns to consider. To begin with, the Jaxx Liberty Wallet lacks 2FA functionality, which would provide an additional degree of protection that is always appreciated.

A hardware wallet, on the other hand, is by far the safest method to keep your bitcoin, particularly if you’re dealing with big quantities. Another feature that Jaxx lacks is the ability to connect to and sync with a hardware wallet.

Advantages and disadvantages

Jaxx Pros

  • For novices, the UI is simple to use.
  • Wallet with several currencies
  • Most desktop and mobile platforms are supported.
  • Cross-device connectivity
  • Block explorer built-in
  • Built-in swapping
  • Integrated news feed

Jaxx Cons

  • No 2FA
  • Hardware wallets are not supported.

 

What is the story of Exodus?

Jaxx VS Exodus 2021: [Coin Wallet Comparison Guide & Reviews]

Exodus is a multi-currency software wallet, similar to the preceding item in this review. It was founded in 2015 by JP Richardson and Daniel Castagnoli with the goal of providing an easy-to-use cryptocurrency wallet that even inexperienced users could utilize.

Exodus is available for free download and usage on the desktop for Linux, Windows, and macOS, as well as for iOS and Android mobile devices.

Features

  • Exodus’ creators sought to create a user-friendly wallet that even novices to the crypto realm could use effortlessly. They were unquestionably successful. Exodus comes out on top for its clean, straightforward UI, despite the fact that there are alternative beginner-friendly wallets available.
  • Multiple currencies are supported: Exodus now supports over 100 coins. You may store popular tokens like Bitcoin, Litecoin, Ether, and Ripple in there, but you can also store other intriguing altcoins.
  • Jaxx Liberty’s built-in crypto exchange is powered by the Changelly and Shapeshift APIs and allows you to buy, sell, and swap crypto tokens.
  • Cross-device connectivity: If you install Exodus on several devices (for example, your laptop, smartphone, and tablet), you can sync them all and access your crypto from any of them.

 

Fees for the Exodus:

Exodus is free to download and use, and although there is a transaction cost when utilizing the built-in exchange, you will be charged a network fee every time you transfer crypto to another wallet.

Exodus, unlike Jaxx, does not let you to select between “high,” “medium,” or “low” network costs, thus you should expect to pay large fees if you transfer crypto during a busy period on the blockchain.

Exodus Security is a company that specializes in providing security to

We must once again address the fundamental issue, “Is Exodus safe?” Exodus, like Jaxx, keeps your private keys on your device rather than on any internet servers. If your device is broken, you may get your keys back by entering a seed phrase (which is similar to a password) that you should keep secure.

Furthermore, unlike Jaxx, there is no support for two-factor authentication, which would provide an additional degree of protection. Exodus has a significant security advantage in that it can be linked with a Trezor hardware wallet. Hardware wallets provide the greatest degree of security when it comes to keeping cryptocurrency.

If you’re going to be dealing with significant sums of money, a hardware wallet is a must. You can simply connect a Trezor with Exodus if you purchase one.

Review of Exodus

Exodus is regularly ranked as one of the best software bitcoin wallets, and for good reason. It has one of the cleanest, simplest user interfaces out today, and it was designed with simplicity of use in mind.

It’s excellent for traders on the move or people utilizing crypto tokens as real-world currency since it has cross-device connectivity and built-in exchange capabilities.

Although it lacks the additional layer of protection provided by 2FA, the ability to use it in conjunction with a hardware wallet provides it an advantage over some of its rivals.

Advantages and disadvantages

Pros of Exodus

  • For novices, the UI is simple to use.
  • Wallet with several currencies
  • Most desktop and mobile platforms are supported.
  • Cross-device linking
  • Built-in swapping

Cons of Exodus

  • No 2FA
  • There isn’t a built-in block explorer.
  • There isn’t a built-in news feed.

Conclusion of Jaxx vs. Exodus

It’s not simple to compare two of the most popular crypto wallet applications. There’s a reason Exodus and Jaxx Liberty are regularly rated among the finest. After reading our Jaxx vs Exodus comparison, you’ll see that both wallets offer a lot of the same features: they’re multi-currency wallets that are accessible for most major desktop and mobile operating systems, are beginner-friendly, and have built-in exchanges.

Neither of them is a fan of two-factor authentication. Jaxx has a block explorer and newsreader. Exodus supports a larger number of cryptocurrencies (albeit not by much), as well as hardware wallets.

If you’re just getting started with cryptocurrency, Jaxx’s newsfeed and block explorer may be useful. However, if you want to manage a large number of cryptos or just want the added protection that hardware wallets provide, Exodus has the upper hand.

After all, you can always browse to their website or social media to stay up with Exodus wallet news. What are your thoughts? Which of these two wallets do you prefer? Leave your thoughts in the comments section below.

The exodus wallet fees reddit is a discussion that has been ongoing for years. It is a coin wallet comparison guide and reviews.

Frequently Asked Questions

What is the best crypto wallet 2021?

The best crypto wallet for 2021 would be a hardware wallet that has been built with the latest in security protocols. Hardware wallets are secure because they have no way of being hacked or compromised, and they also do not require you to enter your private key into any device.

Is exodus wallet the best?

Exodus is a great wallet for storing and trading cryptocurrencies.

Is Jaxx a good crypto wallet?

Jaxx is a good wallet.

Related Tags

  • exodus wallet
  • jaxx liberty
  • jaxx wallet review
  • exodus vs atomic wallet
  • exodus wallet exchange fees
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