Wallet Address Ethereum Compare Review Jaxx Vs Exodus
When information technology comes to cryptocurrency wallets there are lots of choices. Everything from blank-bones Bitcoin wallets like Electrum to multi-currency wallets with more features like Exodus.
In this review, nosotros'll compare Jaxx vs. Exodus, 2 of the more than pop crypto wallets. Jaxx was first released in 2016 and is the brainchild of Anthony Di lorio, ane of the co-founders of Ethereum. Exodus was created in 2015 by Daniel Castagnoli and JP Richardson, early crypto entrepreneurs who continue to lead Exodus today.
When comparing cryptocurrency wallets, goose egg is more than important than security and so we'll begin this review by looking at how safe both the Exodus and Jaxx wallets are for your crypto.
Jaxx vs. Exodus Security
Both Jaxx and Exodus are not-custodial wallets. What this ways is that yous have complete control over the cryptocurrencies that you store in your wallet. Nobody, non the CIA, Exodus, Jaxx, or your Uncle Jackie can take your crypto. That beingness said, we must stress i betoken…
The security of a wallet depends upon the security of the cloak-and-dagger recovery phrase. When you first create a Jaxx or Exodus wallet, you lot'll be given a phrase to have note of.
- Never, never, never store this phrase every bit a digital file on your figurer or with any cloud storage service. If a hacker ever gained access to that file, he or she could steal all of your crypto.
- Always write out the phrase by hand and keep copies in different locations. A fire, flood, tornado, or unexpected Godzilla attack shouldn't destroy all the copies of your phrase.
- Don't take a picture of your phrase with your telephone. Call up, digital photos are not secure.
Hush-hush recovery phrase security is so of import because y'all can have the most secure cryptocurrency wallet in the world just if a hacker gains access to your phrase, your crypto will be stolen.
To protect your crypto, both Jaxx and Exodus have the choice to secure your wallet with a countersign. Unfortunately, neither wallet has a born 2FA (ii-factor authentication) option, i.eastward. a secondary password via email, text, or app like Google Authenticator. That pick may exist added in the future though.
Arguably the largest reward that Exodus has over Jaxx is that Exodus supports the Trezor hardware wallet. A hardware wallet is by far the best way to secure your cryptocurrency.
Hardware wallets are great because they brand information technology incommunicable to transport any cryptocurrency without pressing a physical button on the device (this acts as a concrete course of 2FA). And so even if your figurer becomes infected with malware, the hacker cannot steal anything from your wallet.
A total list of Trezor supported cryptocurrencies in the Exodus wallet is available here.
Unfortunately, Jaxx doesn't offer any native support for cryptocurrency hardware wallets. The Jaxx squad has stated that they'd like to curlicue out hardware wallet support in the future, merely that day has not come yet.
Another attribute of security is privacy. Only Exodus supports the pop privacy coin Monero, which is slap-up for Exodus users.
Zcash is another popular privacy coin that both Exodus and Jaxx support. But neither wallet supports shielded Zcash transactions. That is, y'all can't utilise either Exodus or Jaxx to send Zcash with total privacy.
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Jaxx vs. Exodus Supported Assets
Exodus supports 100+ dissimilar crypto assets. However, that list is constantly expanding, especially equally new coins become popular and demand for them increases.
So depending on which cryptocurrencies you'll using, you can effigy out if Exodus vs. Jaxx is a better fit for your needs based on which cryptos each wallet supports.
Jaxx supports lxxx+ coins, all the same, this number is ever changing as Jaxx is constantly adding new coins. A full listing of the cryptocurrencies that Jaxx supports can be found here.
Don't like the coins yous take at present? Both the Exodus wallet and Jaxx let y'all commutation direct in the wallet. You lot can quickly alter between coins without having to send them to a centralized exchange similar Coinbase or Binance, the latter of which was hacked in 2019.
Jaxx vs. Exodus Fees
Both Jaxx and Exodus are free to download and use. That includes the mobile wallets too. The wallets are gratis to use because they charge a small committee on all coin exchanges. According to Exodus,
"Exodus generates revenue from a minor portion of the spread on asset exchanges. Although spreads can vary greatly based on market weather, typical spreads range betwixt 2% - 5%. The exact amount and rate you lot're getting will be listed on the exchange section of the wallet."
Unfortunately, Jaxx does not publicly list their cryptocurrency exchange fee only presumably, the fees are like to those of Exodus.
Information technology'due south important to point out that neither wallet charges fees for sending or receiving cryptocurrencies. Whatever fees that are charged are transaction fees that become paid to the blockchain network, non the wallet.
However, Jaxx does have the reward of letting users cull between slow, medium, and fast transaction speeds. The slower the transaction speed, the lower the transaction fee.
Exodus doesn't let users set transaction fees, which means that users tin can pay expensive transaction fees if the network, such equally that of Bitcoin, is under heavy load.
Jaxx vs. Exodus Additional Features
Along with the other aspects of Jaxx and Exodus that nosotros've mentioned, both wallets have specific features that you might find useful.
Exodus supports SegWit transactions for Bitcoin, which means lower transaction fees!
In addition, Exodus offers support for some of the hottest staking coins like Tezos (XTZ) and more, meaning that y'all can earn easy passive income with your crypto. Exodus likewise offers like shooting fish in a barrel access to popular decentralized applications (Dapps), such as Compound Finance.
Compound offers another way to earn easy passive income - this time in Dai stablecoins, which mirror the value of the US dollar.
Lastly, with Exodus, you lot tin can also sync your desktop and mobile wallets, which is useful if you are using your Exodus wallet on multiple devices.
On the other manus, Jaxx offers some features that Exodus doesn't, like built-in crypto news and a block explorer to get more detailed data on transactions and more.
It's also worth noting that both wallets offering 24/7 custom support in case y'all ever demand help.
Jaxx vs. Exodus Decision: So Which is Better?
Both Exodus and Jaxx are pop for expert reason. As such, comparing Jaxx vs. Exodus to decide which wallet is "amend" probably depends on your personal situation.
If y'all desire lots of supported cryptos for your wallet, built-in support for the Trezor hardware wallet, passive income opportunities, SegWit support, and device syncing, Exodus is for you.
On the other hand, if you want crypto news, a cake explorer, and different transaction speeds, Jaxx is the right choice.
Source: https://www.exodus.com/news/jaxx-vs-exodus/
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