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Everything You Need to Know About Jaxx Liberty Wallet



Jaxx is a digital wallet allowing users to send and receive a wide range of crypto assets. It also provides the user, a safe place to store them. The wallet was created by Anthony Diiorio in 2014. Diiorio is a co-founder of Ethereum!


Jaxx Liberty is the 2.0 version of crypto wallets. This multi-currency wallet can hold more than 90+ different assets. Jaxx Liberty is also gamified to allow new users to better understand and experience blockchain tech.


This quick guide about Jaxx Liberty Wallet shall cover the coins supported, fees charged, how to set it up, and other features.


Pros

  • Multi-asset Support

  • Built-in crypto Exchange (ShapeShift)

  • 24/7 Support Desk


Cons

  • Does not have two-factor authentication

  • Hot Wallet – Can’t keep big crypto amounts safely

  • Has a history with hacks (improved security now)



What Coins Are Supported by Jaxx Liberty Wallet?



One of the best features of the Jaxx Liberty wallet is its ability to store and transact with several different coins. You can easily send, receive, and exchange over 90 different crypto assets. The wallet also offers detailed coin information with a simplistic transaction history.

Some of the more popular coins that can be stored in Jaxx Liberty include Bitcoin, Ethereum, Litecoin, Dogecoin, Qtum, EOS, Bitcoin Cash, and many more.


There are a host of other features as well that set Jaxx Liberty apart from its direct competitors. For instance, it has tied up with ShapeShift for an in-wallet integration, which allows users to easily switch between different crypto coins. There are no exchange fees levied or delays incurred.


Fees Charged By Jaxx Liberty Wallet


The wallet is completely free to download. Jaxx Liberty applies a small transaction fee, which goes to the miners in the network who operate on the crypto you are trading. There is a basic fee of 0.000441. The wallet does not pocket the fee and the entire amount goes directly to the miners in the network. This fee is incurred only when you change crypto or exchange using ShapeShift.


Setting up Jaxx Liberty Wallet



You need to download the Jaxx Liberty application to your device to create a new wallet. There are 8 different platforms supported by Jaxx Liberty.


The process is downloading is simple and free. You can easily understand what needs to be done by the screen prompts. You don’t have to provide any personal information while downloading the wallet application.


Once you install the Jaxx Liberty wallet, you will notice two options on the screen – “Create New Wallet” or “Pair/Restore Existing Wallet.”


Create a New Wallet


You need to select the first option if you have never used Jaxx Liberty before and are creating a new account. You would then receive an invitation to review the terms of service and to accept them.


The screen shall take you through the wallet creation process next. Eventually, you will come across the page that says “Welcome to Jaxx Liberty”. You are all set from here and good to go.


Pairing wallets


You would need to enter your 12-word backup phrase if you want to access pre-existing wallets. There are two ways to pair wallets – new install and existing install.


1. Pairing wallet in a new install


You need to click on the “Pair/Restore Existing Wallet” option when you download and install the app. Agree to the terms of service and then either select the scan a QR code option or “Enter Backup Phrase”. Scanning QR code is only available for mobile devices.


2. Pairing wallet in existing install


Before you replace the pre-existing wallet with the one you prefer to use, make sure you copy the 12-word backup phrase in use from Menu > Security > View Backup Phrase. Your current wallet shall be overwritten when you substitute it for another.


Open the Menu and scroll down to “Tools”. Select the “Pair or Restore Jaxx Wallet” option. Enter the security password and enter the backup phrase or choose the Camera Icon for scanning QR code.


How Is Customer Support?


Jaxx Liberty and Jaxx Classic are provided extensive support from the Decentral team. They won’t be able to help you recover lost keys. But, they can assist with several other problems and queries. This is although the wallet is free.


How Is the Jaxx Liberty Wallet Design?


The Jaxx Liberty dashboard is a single place where you can sell all your wallet holdings. The wallet offers support for both desktop and mobile devices. You can interact with your assets on the go or at home.

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