Jaxx Liberty Wallet – An Easy to Follow Guide for New Users
Jaxx Liberty is one of the world’s most popular cryptocurrency wallets. This wallet earned a reputation as an industry leader through a combination of excellent service and pioneering new technologies. Currently, Jaxx Liberty has over one million active users. It’s regarded as one of the best options for new users due to its combination of features and overall simplistic design.
The developers behind the Jaxx Liberty project sought to create more than just a wallet. They desired to create a platform that unlocks every aspect of cryptocurrency for the average user. To this extent, they went to great lengths to remove all technical barriers.
The Jaxx Liberty wallet features a plethora of features. Specifically, you can take advantage of the built-in exchange, portfolio tracker, crypto news outlet, market data monitoring tools, and a block explorer. Few wallets can match this level of usability.
Benefits of Jaxx Liberty Wallet
Jaxx Liberty was built to simplify crypto investment and use. The platform features a well-designed interface that functions as a one-stop gateway to manage your digital assets. The layout is conducive to both new cryptocurrency users and experienced investors seeking a multicurrency option.
The Jaxx Liberty platform is extremely versatile. Users can send and receive over 90+ different cryptocurrencies. This selection helped push Jaxx Liberty to the forefront as a wise option for altcoin traders.
Jaxx Liberty users enjoy access to a variety of advanced trading tools. Users can track market data, follow blockchain news, and search transaction data across multiple blockchains directly from the interface. You can also check your balance, review your transaction history, and view detailed coin information with ease.
Impressively, you can check balances and transaction data across multiple blockchains. This system streamlines the most commonly used tasks. You can check out your asset balance, track individual coins and tokens, and follow value changes over the last hour, day, week, and month.
Jaxx Liberty is also known for its strong commitment to customer service. The company provides fast customer support via email or social media. The firm’s response time is good, and their staff is knowledgeable.
How Does Jaxx Liberty Wallet Work
Importantly, Jaxx Liberty is a non-custodial wallet option. Non-custodial wallets are ideal because they never store your Private Keys. Instead, the system saves an encrypted version of your wallet seed on the device that the Jaxx Liberty dapp is installed on.
Jaxx Liberty’s design allows users to instantly buy and sell supported digital assets without any prior technical knowledge. Users also gain access to powerful third-party platforms, including Changelly and Shapeshift. This integration allows users to easily switch between different cryptocurrencies with no exchange fees or delays.
There is also a news tab that keeps you up to date on all the most relevant crypto developments and happenings. The tab integrates a variety of reputable news sources to keep you in the loop. This is an excellent feature to incorporate because it increases the usability and overall value of the dapp. Users only need Jaxx to stay informed and interact with the blockchain community.
Paper Wallet Feature
Jaxx Liberty has a useful paper wallet feature as well. You can create a paper wallet from your private keys. Paper wallets are one way that you can keep your Bitcoin stored safely offline. They are more popular with large investors. These investors are known to keep their Bitcoin on paper wallets distributed throughout various bank vaults.
Notably, it’s not the Bitcoins that are being printed out like regular currency. It’s the data stored in your wallet that gets printed out. This data includes your private and public keys. Your private keys are what allow you to send your Bitcoin to other addresses. Anyone with your private keys can access your Bitcoin. That’s why it’s important to keep your paper Bitcoin wallet safe and secure from threats.
History of Jaxx Liberty Wallet
The original Jaxx wallet entered the market as a decentralized multi-currency platform in 2014. Decentral created Jaxx. This firm is a leading Canadian blockchain company founded by Anthony Di Iorio. Di Iorio is also a co-founder of Ethereum.
The Canadian-based platform gained success quickly. Users found the layout to be friendly and the features to be robust. Developers sought to champion the decentralized movement by building a technology that empowers and creates wins for all. In this goal, they succeeded.
The firm suffered a hack in 2017, but in a somewhat twist of fate, most funds hacked came from one wallet. The hack was made possible after the users downloaded the wallet onto a compromised device.
In July 2018, Jaxx upgraded its platform to the new and improved Jaxx Liberty protocol. This update marked the first major upgrade of the platform. Jaxx version 2.0 introduced more cryptocurrencies and a new interactive interface.
How to Get Jaxx Liberty Wallet
Jaxx Liberty is easy to find. It’s available for download on Android, iOS, Mac OS X, Windows, and Linux. There is even a Google Chrome extension. Best of all, the wallet is 100% free to download and fund. You will need to provide an email and password. You also need to set up a pin to protect against unauthorized withdrawals.
From there, you are instructed to write down your 12-word backup phrase. Keenly, Jaxx never has access to this passphrase. If you lose this phrase, your coins will be lost forever. Keep your passphrase safe and never, under any circumstances, reveal this passcode to anyone you don’t want to have access to your Bitcoin.
Jaxx Liberty – The Right Combination of Features
Jaxx continues to gain popularity in the market due to its nice selection of features and smart layout. As one of the most popular wallets on the market, Jaxx has cemented its position as a pioneer and reputable service provider.