Data loss is more prevalent than many people realize; all it takes is one mistake like clicking the wrong button to lose access to all your cryptocurrency.
Jaxx Liberty is a decentralized multi-currency wallet which uses a 12-word “Masterseed” to protect and recover wallets in case of device or software failure or theft.
1. Download the latest version of Jaxx
Jaxx online is a multi-currency wallet designed to facilitate easy management and exchange of various cryptocurrencies through an intuitive UI. Additionally, Jaxx features news viewers, market data displays and block explorers so users can explore blockchain networks directly. Furthermore, Jaxx was the first multi-currency wallet with built-in support for ShapeShift which allowed users to exchange assets without leaving their wallet itself. You will need to know about How do I access my old Jaxx wallet.
Jaxx wallet provides users with a 12 word recovery seed phrase which can be used to recover private keys in case of device loss or technical failure, giving users peace of mind that their digital assets remain accessible should something happen such as theft. You can download Jaxx from either an app store or directly from its developer’s website and after downloading is complete you will be asked to accept terms and conditions before continuing with pairing or restoring wallet.
2. Download the latest version of Jaxx Liberty
Jaxx is an extremely popular multi-currency wallet among cryptocurrency users. Designed to be easy for newcomers to understand while providing enough features for more experienced users. Plus it’s open source; meaning anyone can inspect its code to ensure maximum security!
With the rebrand to Jaxx Liberty, some changes have been implemented to enhance user experience and make navigation simpler, including an updated and intuitive user interface and additional features such as a hierarchical deterministic platform that increases privacy where possible.
One of the most crucial components of using a crypto wallet is backing it up regularly. You can do this by saving your 12 word backup seed phrase in a safe place (like on your computer or phone). Before making any major changes to your wallet, such as moving funds between devices, always do this step first. Gillware data recovery engineers can assist in recovering coins if ever needed.
3. Open the Jaxx Liberty app on your device
Jaxx Liberty stands out from other cryptocurrency wallets by enabling you to use it across multiple devices – even linking your desktop and mobile wallet so both can access the same funds from both. This feature makes managing cryptocurrency easier as you can manage it from different locations.
Jaxx is a non-custodial platform, meaning they don’t store your private keys; nonetheless, it is still recommended to back up your wallet regularly to protect against hardware failure or software issues outside Jaxx’s control.
Jaxx wallet supports over 90 cryptocurrencies, making it one of the most widely-used multi-currency wallets available. Ideal for newcomers to crypto who wish to diversify their investments across several assets as well as existing owners who require an easy way to manage all their coins, Jaxx features numerous security protocols designed to protect its users’ data.
4. Scan the QR code on your device
Samsung smartphones don’t require an additional QR code scanner app in order to recognize codes; simply open your camera app, point it at a QR code and wait for its URL to appear in the window.
Once the code has been identified, tap its URL to open it and the information will be shown in your camera app’s viewfinder so you can save or share as desired.
Conclusion
Next, the screen will ask you to verify your 12-word recovery seed. We suggest writing down these words somewhere safe offline so that if something should happen to your computer you still can access your wallet. Moreover, you may set a PIN that must be entered when sending payments; this ensures no funds can leave your wallet until this PIN has been entered successfully; particularly helpful if a device malfunction or theft occures.
