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Jaxx, ShapeShift Integration Offers Easiest Solution For Buying Ether with Bitcoin

Jaxx, a unified platform which provides wallet services for Bitcoin as well as Ethereum users, has integrated with crypto-currency exchange platform ShapeShift.io, which will allow users to buy Bitcoin and Ether directly inside their wallet.

“Jaxx and Shapeshift together will, without doubt, be the easiest solution for buying Ether with Bitcoin (and vice versa)- and it’s done right in your Jaxx wallet!”, said Anthony Di Iorio, Chief Digital Officer of the Toronto Stock Exchange, CEO and Founder of Kryptokit & Decentral, Co-founder of Ethereum.

Iorio explained the Bitcoin to Ether conversion process:

  • To start a conversion (better known as a shift) users first need to select their Bitcoin wallet.
  • Open the send tab, select the Shapeshift icon (or type Shapeshift in the receiving address field), enter the Bitcoin amount they would like to shift, then confirm the transaction.
  • When the transaction completes, Ether will show up in their Ethereum wallet.

The process also works the other way around if users are looking to buy Bitcoin with Ether. Users just need to start with their Ethereum wallet instead. In addition, users are also provided with the current rate and minimum/maximum deposit amounts for the shift.

“This method is far simpler than going to the Shapeshift site as you don’t need to enter deposit or return addresses- It all gets automatically done in Jaxx using your built-in Bitcoin and Ether wallets”, Iorio added. “This is one of three major features rolling out in the next few days. We’ll be announcing the other 2 shortly”.

Kryptokit, a browser extension that functions as a bitcoin wallet and encrypted messenger, recently announced the beta release of Jaxx for Android, CryptoCoinsNews reported. In addition, the Jaxx wallet is available for Google Chrome and Firefox (extensions), iOS, Windows desktop, Linux, and Mac OS.

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