Jaxx Liberty - Trade CryptoGoogle Play
Our wallet review process
We examine wallets starting at the code level and continue all the way up to the finished app that lives on your device. Provided below is an outline of each of these steps along with security tips for you and general test results.
Application build test result
Jaxx Liberty: Blockchain Wallet is non-custodial:
“Get started with an industry-standard 12-word backup phrase that is portable to and from other wallets. Sensitive information like your backup phrase and private keys are never stored anywhere but your device. Jaxx Liberty is a non-custodial wallet, which means you own the keys. You’re in control. We can’t even access them.”
The maker of Jaxx Classic & Jaxx Liberty is Decentral which was founded by Anthony Di Iorio, co-founder of Ethereum in 2013.
We couldn’t find source code for an Android wallet. Looking for the code we came across this article: “Jaxx Liberty Wallet Review: Complete Beginners Guide”. Some excerpts:
“the old Jaxx Classic wallet in June 2017 led to the loss of $400,000 in various cryptocurrencies from user wallets. Most of that loss was from a single user’s wallet, and in that case, it could have been avoided since the user was managing his Jaxx on a rooted Android device.”
“There is also an improved new security model that protects your sensitive information with a strong password, using AES-256 encryption enhanced by 5000 rounds of PBKDF2 password hashing.”
“Two things that are missing are 2-factor authentication and open source code. That said, they do make all the code viewable, with the exception of the code for the UI.”
That last one we were looking for. Without the full source code and full instructions on how to build the wallet, a reproducible build is not possible.
Verdict: This wallet is not verifiable.
Tests performed by Leo Wandersleb
Do your own research
In addition to reading our analysis, it is important to do your own checks. Before transferring any bitcoin to your wallet, look up reviews for the wallet you want to use. They should be easy to find. If they aren't, that itself is a reason to be extra careful.