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The Jaxx Wallet and its successor Jaxx Liberty were among the best-known multi-asset wallets for cryptocurrencies. But since their discontinuation, many users have been looking for a secure alternative. Find out in this article:
- What sets the Jaxx Wallet apart
- Why it is no longer available
- How to recover your cryptos with the seed phrase in the Exodus wallet
- What alternatives are available
- How you can increase your crypto security
- Why the Exodus Wallet is one of the best alternatives
1. what were the Jaxx Wallet and Jaxx Liberty?
Jaxx Wallet (2014-2018)
- Developed by Decentral, a company owned by Ethereum co-founder Anthony Di Iorio.
- One of the first multi-coin wallets to support several cryptocurrencies in one interface.
- Easy to use, available across all platforms (desktop, mobile, browser extension).
- Integrated switching option between coins through ShapeShift.
- Supports many well-known cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH) and Litecoin (LTC).
Jaxx Liberty (2018-2021)
- Successor to the Jaxx Wallet with a more modern design.
- Additional functions such as portfolio tracking, news feed and market data.
- Improved user interface, but still no open source code.
- Greater security thanks to improved encryption of the seed phrase.
- Integration with other blockchain services.
2. why were Jaxx Wallet and Jaxx Liberty discontinued?
The Jaxx wallet was a pioneer among multi-asset crypto wallets and was developed in 2014 by the Canadian company Decentral under the leadership of Anthony Di Iorio (co-founder of Ethereum). Its successor Jaxx Liberty (2018) set new standards with a modular dashboard that offered portfolio tracking, messaging and an integrated crypto exchange. But why did these wallets disappear from the market?
- Historical significance: Jaxx was one of the first wallets to enable seamless switching between Bitcoin, Ethereum and other blockchains.
- Reasons for the discontinuation: Decentral focused on the DeFi ecosystem (including the Jaxx Cashback program) from 2021, which led to the discontinuation of the wallets.
- Risks for users: Without updates, security gaps are no longer patched – a change is strongly recommended.
Hack of the Jaxx Wallet in 2017
In this hack, users lost a total of around 400,000 US dollars in cryptocurrencies. The attack particularly affected Jaxx Liberty, a multi-currency wallet that was available as a software wallet for various platforms (desktop and mobile).
What happened?
The hack was caused by a vulnerability in the wallet: Jaxx stored the recovery phrase (seed phrase) unencrypted on the device. This meant that malware or hackers who gained access to the device could read the seed phrase and thus compromise users’ wallets.
Some users reported that their cryptocurrencies – including Ethereum (ETH) and Bitcoin (BTC) – were transferred from their Jaxx wallets without authorization.
Why could this happen?
- Missing encryption of the seed phrase:
- Jaxx stored the 12-word recovery phrase unencrypted, so malicious programs or attackers could easily extract it.
- Design decision of the company:
- The developers of Jaxx defended themselves and argued that their wallet was designed to be user-friendly and deliberately did not use any additional encryption for the seed to make it easy to use.
- Malware on users’ devices:
- The attack was mostly carried out through devices that had already been compromised. Users who had picked up malware were particularly affected.
Reaction from Jaxx
The developers of Jaxx stated that the wallet was not a classic security product, but a convenient crypto wallet for everyday use. They recommended that users should not store large sums in the software wallet, but on more secure hardware wallets such as Bitbox or Trezor.
Lesson from the hack
- Software wallets such as Jaxx are practical, but less secure than hardware wallets.
- Users should never store large amounts of crypto with hot wallets.
- The seed phrase should never be stored unencrypted on a device.
3. functions and security of the Jaxx wallets
Security architecture in detail
- Private keys: Stored locally, but only password-protected (no 2FA)
- Weak points:
- In 2017, there was a bug that allowed external access(source: CVE-2017-8932)
- No hardware wallet connection
Exodus vs. Jaxx: Security comparison
| Feature | Jaxx Liberty | Exodus Wallet |
|---|---|---|
| Open source parts | ❌ No | ✅ Yes (e.g. Trezor integration) |
| Hardware wallet support | ❌ No | ✅ Yes (Trezor, Ledger) |
| Last update | 2021 | Regular (2025) |
4 Exodus Wallet as an alternative to Jaxx Wallet and Jaxx Liberty
The Exodus Wallet is one of the best alternatives to the Jaxx Wallet because it:
✅ Is multi-asset capable (100+ cryptocurrencies) ✅ Has an intuitive design with portfolio tracker ✅ Uses open source components for more security ✅ Offers an integrated DEX for crypto exchanges without a central exchange ✅ Ensures regular updates & active support ✅ Has over 4 million users worldwide ✅ Offers an integrated staking reward function
The Exodus Wallet is a popular cryptocurrency wallet developed by JP Richardson and Daniel Castagnoli in 2015. It was created with the aim of offering a user-friendly and visually appealing wallet solution for beginners and experienced users. The Exodus wallet makes it possible to store, send and receive various cryptocurrencies – all via a clear and intuitive user interface.
Origin and development
Before developing Exodus, the founders had already gained extensive experience in software development and design. JP Richardson had programmed numerous open source cryptocurrency projects, while Daniel Castagnoli had worked as a designer for major brands such as Apple, Nike and Disney. Their common goal was to create a wallet that was not only functional but also visually appealing – something that was rare in the crypto market at the time.
The first version of Exodus was released in 2015. Initially, the wallet only supported a limited number of cryptocurrencies, including Bitcoin, Ethereum and Litecoin. However, continuous updates have expanded support to over 300 different digital assets.
Functions of the Exodus Wallet
Exodus is particularly characterized by the following functions:
- Multi-asset support: The wallet supports numerous cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and many ERC-20 tokens.
- Integrated crypto exchange: Users can exchange cryptocurrencies directly in the wallet without having to use an external exchange.
- Private keys & security: Exodus stores the private keys locally on the user’s device – it is therefore a non-custodial wallet.
- Compatibility with hardware wallets: The wallet can be connected to hardware wallets such as Trezor to provide additional security.
- Mobile and desktop version: Exodus is available as both a desktop and mobile app for iOS and Android.
- Web3 support: With the integrated browser extension, users can use decentralized applications (dApps).
Conclusion on the Exodus Wallet
Since its launch, the Exodus wallet has become one of the best-known and easiest-to-use crypto wallets. Beginners in particular appreciate the user-friendly interface and the simple management of cryptocurrencies. While some criticize the fact that Exodus is not open source software, the wallet impresses with constant updates and improvements.
Thanks to its continuous development, Exodus remains one of the leading crypto wallets and is used by both beginners and experienced investors.
5th step-by-step guide: Restore Jaxx Wallet to Exodus Wallet
Step 1: Save backup phrase
- Open Jaxx Wallet or Jaxx Liberty.
- Go to “Security & Backup”.
- Write down your 12-word seed phrase on paper and keep it safe.
Step 2: Install Exodus Wallet
- Download Exodus Wallet at exodus.com download.
- Install the wallet for Windows, Mac, Linux, iOS or Android.
Step 3: Restore wallet
- Open the Exodus Wallet.
- Select “Restore wallet”.
- Enter your 12-word seed phrase.
- Optionally assign a password for additional security.
Step 4: Check assets
- Exodus Wallet automatically synchronizes with the blockchain.
- After a short time, all coins should be displayed.
- If some coins are missing, check the Exodus list of supported assets.
6. frequently asked questions about migrating from Jaxx Wallet to Exodus Wallet
❓ What to do if the seed doesn’t work?
- Check the order of the words.
- If there are any problems: Contact Exodus support (via the wallet app) or contact Crypto Recovery.
❓ Does Exodus Wallet support all coins from Jaxx Wallet?
- Most common cryptos (BTC, ETH, LTC etc.) are supported.
- More exotic altcoins may have to be imported manually or transferred to a suitable wallet.
❓ Is Exodus Wallet more secure than Jaxx Wallet?
Yes, because:
- Partly open source (more transparency)
- Regular security updates
- No known critical vulnerabilities
- Cold storage function for increased security
7. 7 reasons why Exodus Wallet is the best alternative to Jaxx Wallet
- Better user interface – Modern design with dark mode.
- More cryptocurrencies – Over 100 assets supported.
- Integrated DEX – crypto exchange directly in the wallet.
- Strong security – regular updates & open source elements.
- Live customer support – quick help with problems.
- Multi-device sync – use on multiple devices possible.
- Transparent team – active community communication.
8 Why the Trust Wallet app is not recommended
The Trust Wallet app is often mentioned as an alternative, but it has considerable disadvantages:
- Security flaws: There have been several reports of hacked wallets and insecure smart contract integrations.
- Lack of transparency: Although Trust Wallet is considered open source, there are no regular security checks.
- Poor customer service: According to Trustpilot, there are numerous complaints about a lack of support in the event of problems.
- Scam warnings: Many users report unauthorized transactions or missing coins.
Due to these weaknesses, the Trust Wallet app is not a recommendable alternative to the Jaxx Wallet or the Exodus Wallet.
9. how you can increase your crypto security
- Save the seed phrase offline – preferably on paper, not digitally.
- Use a hardware wallet – Bitbox or Trezor for maximum security.
- Activate two-factor authentication – If supported, activate 2FA.
- Install regular updates – Always keep your wallet software up to date.
- Be suspicious of phishing – Do not pass on private keys or seeds.
Conclusion: Exodus Wallet is the best Jaxx Wallet successor
Anyone still using the Jaxx Wallet or Jaxx Liberty should switch quickly due to the security risks. The Exodus Wallet offers a seamless migration with the same seed phrase and more functions.
🔐 Tip: Keep your seed phrase safe and test the recovery before uninstalling Jaxx Wallet!
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