In this article, you will learn where to store IOTA and IOTA wallets. IOTA being a new concept and an ambitious project with an elaborate ecosystem and advanced underlying technology, there are not many choices for IOTA wallets.
What is IOTA?
IOTA is a scalable, open-source communication protocol with a native cryptocurrency to facilitate value transfer. It is a first-of-its-kind distributed network that allows internet-connected devices to exchange data and payments securely and efficiently.
Although IOTA is a very good investment and has strong potential, strangely it's lacking a good, simple to use wallet. It's actually pretty difficult for an average user to store IOTA away from an exchange, where you buy it.
Where to store IOTA?
IOTA should be stored in a way that suits your purpose and keeps your coins safe. Due to the fact that IOTA appeared relatively recently, the choice of wallets suitable for this coin is not as large as if it were Bitcoin or Ethereum. However, even Among the existing options, you can find a decent wallet that best meets your expectations. There are four types of IOTA wallets:
Mobile wallets;
Desktop wallets;
Hardware wallets;
Web (online) wallets.
IOTA Wallets
IOTA Wallet IOS: Nelium
iPhone owners can turn their attention to the IOTA Nelium Wallet. Even though the wallet is still under development, it already looks promising with a set of very impressive components. Nelium Wallet is suitable for iOS and Android, but does not offer a desktop experience.
In terms of security, your private seeds will only be stored on your mobile device and not on Nelium's servers.
IOTA Wallet Android: Guarda
Fans of Android- based mobile devices will be able to benefit from the Guarda wallet. In addition to IOTA, the wallet supports hundreds of digital assets, and is generally very suitable for you if you plan to actively trade your coins. What's more, if You want to switch to an iPhone or even a PC, it's compatible with those devices as well.
IOTA MAC Wallet: GUI
The GUI IOTA wallet is a simple solution for storing and sending your IOTA coins.
The wallet has two modes “Full Node” and “Light Node”, which you will be prompted to select during the first setup. This means that this wallet is suitable for both an advanced user and a green hand on their first crypto voyage.
The wallet does not have a mobile version, but works great on PC and laptop running on Windows, MAC and Linux platforms.
IOTA Hardware Wallet: Ledger
The safest place and way to store your IOTA is a hardware wallet. Therefore, whichever wallet you choose from this group, you can be sure of its reliability. However, most owners of a large amount of IOTA still prefer the Ledger Nano. Especially considering The fact that both Nano S and Nano X support the coin.
IOTA Desktop Wallet: FireFly
The newly released FireFly wallet, which intends to replace the well-known Trinity wallet, has already managed to please the IOTA crypto owners with its useful features.
It also supports managing multiple accounts and creating profiles. This is very convenient, as multiple users will be able to use the same application securely.
Bottom Line
You can invest in IOTA through various cryptocurrency exchanges. However, you must pick a crypto exchange that has IOTA listed on its platform. And if you want to store your IOTA, here is where to store IOTA and IOTA wallets.
