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Which IOTA Wallet For Storing Your MIOTA Coins?

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IOTA wallet
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Joining the IOTA (MIOTA) community is a big step, and definitely one of the best decision that a new crypto investor can make. IOTA’s goal is to create an infrastructure that would allow transactions between different IoT devices.

IOTA is currently the 11th largest coin per-market cap, and its value is at $0.565739. However, if a new crypto investor decides to buy IOTA coins, they will first need a safe place to store them. This is where IOTA wallet comes in, as many of them can offer more than decent protection and an efficient way of storing funds.

Even so, not all wallets are the same, and choosing the right one is a very important step. IOTA doesn’t have an especially wide range of wallets that can store its coins. However, there are a few of them for investors to choose from, which is why we will now check them out, and try to determine which IOTA wallet among them is the best.

What to look for in an IOTA wallet?

Before we proceed to compare the wallets, we should first mention the criteria used for picking the best ones. These are the things that each wallet needs to have in order to be considered as one of the best wallets for IOTA.

First and foremost, of course, is compatibility with IOTA. This is necessary for obvious reasons — IOTA coins cannot be stored in a wallet that doesn’t support them. Next, the wallet needs to be easy to use, so that new investors would find it practical and efficient. It also needs to have as many security features as possible, to prevent theft, fend off hacking attacks, and alike.

Backup options are also a very useful feature, especially when it comes to making a backup of a private key so that the funds can be recovered in a situation where an investor cannot access the wallet manually. Finally, there is customer support, as well as continuous development. Good customer support is important for situations where there is an issue that the user cannot handle on their own. An ongoing development is also important since technology advances all the time, and the wallet needs to be able to handle new threats, as well as to make using it more and more practical and efficient.

With that in mind, let’s take a look at three IOTA wallets that are seen as the best ones. Those include GUI Light Wallet, Nostalgia Light Wallet, and IOTA Wallet for Android.

GUI Light Wallet

GUI Light Wallet is, as the name suggests, a lightweight wallet that is incorporated into IOTA’s own GUI (Graphical User Interface). It allows quick and easy access to stored coins, and upon downloading it, the user can decide whether the wallet should run a light node or a full node. For beginners, the light node is usually the best choice.

The wallet is easy to set up, and it allows the user to connect to a public node. Its interface is easy to understand, and wallet can be used on Windows, Linux, and Mac alike. Additionally, it will leave the user’s private key in their possession. The only issue with it is the fact that it may be a bit confusing for those users that are not tech savvy. While the setup process is not is relatively simple, even the choice between full and light node can be confusing.

Nostalgia Light Wallet

Nostalgia Light Wallet is another example of a pretty good IOTA wallet, and it is mostly used by those who do not want to use GUI or take advantage of their computer for running a full node. Nostalgia wallet’s code can be modified so that it can connect to IOTA’s server. This can be done through the use of Text Wrangler.

Doing all of this can be quite simple for those with experience when it comes to technology. However, tech novices will likely find it very difficult to do or understand. All in all, the wallet is pretty good and fast but complicated for beginners, which is why it is mostly only interesting to only the most experienced users.

IOTA Wallet for Android

This is Android’s official IOTA wallet app. It is a light client, created for quick and easy access to stored coins. It is also open-source, and it can be downloaded and used for free. Using it is reasonably easy, and there should be no issues with trying to understand what to do, and how to do it.

The wallet has several other features, including a seed generator, QR code support, seed password protection, as well as the ability to quickly see IOTA balance. Additionally, the wallet also offers a live Tangle explorer.

The downside is that it is only available to  Android users and that it has no iOS version of the app. Also, there have been complaints regarding bugs.

While these wallets have their positive and negative, new ones will come in due time, and will likely find a way to fix the issues that the current wallets are struggling with. This technology is still quite new, after all, which is why difficulties are expected at first. Eventually, even the most complicated IOTA wallets will be simplified, while the bugs will be removed.

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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency and read our full disclaimer.

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Aluna.Social is a Compelling Social Platform for Crypto Traders and Investors

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Aluna.Social
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When one thinks about the social media landscape, the companies that first come to mind are most likely Facebook, Instagram, LinkedIn, and Snapchat.  These platforms are a great way to stay connected with friends, families, and colleagues, especially when geographic distance is a factor.  But, in addition to just chatting about life in general and sharing pictures, social media can be used to bridge the information gap that exists within the investment community.

Over the last decade, many trading offices have been established in large cities all over the world which allow solo traders and investors to pay a monthly fee in exchange for a workspace.  The real benefit to trading in these offices is to participate in the free flow of trading ideas and information.  Proprietary trading is one of the most challenging careers to be successful at and the exchange of ideas is almost required in order to succeed.  Traders at hedge funds and investment banks work in teams so why shouldn’t remote traders?

While these trading offices are a great way to help bridge the information gap, Aluna.Social may provide an even better way, especially as it relates to cryptocurrency trading.

Mission Statement

Aluna.Social, founded by Alvin Lee and Henrique Matias, is a multi-exchange social trading terminal for crypto traders and investors.  The goal of the platform is to help newcomers shorten their learning curve,…

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CoinFlip Scores Big with BRD Wallet Partnership

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CoinFlip
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As the crypto markets move closer to mass adoption, one of the keys for future success will revolve around attracting as many market participants as possible.  While many crypto users are extremely tech oriented, a lot of those on the sidelines are not.  The cause of waiting on the sidelines could be due to a variety of reasons such as fear of the unknown, lack of knowledge, age, or a combination of all of the above.  In order to entice new users to join the crypto revolution, crypto ATMs are rising up across the country.  Of those, the largest and most influential crypto ATM company by a significant margin is CoinFlip.

In early October, CoinFlip announced on its Twitter that it had officially partnered with BRD Wallet to re-introduce their crypto ATM map.  Now, BRD wallet users will be able to locate their nearest CoinFlip ATM and receive a 10% discount for both buys and sells.  BRD brand awareness is growing quickly within the crypto community thanks to its innovative and entrepreneurial spirit.  The team strongly believes in the value of financial freedom and independence, and want to empower people across the world by leveraging the possibilities that Bitcoin and other cryptocurrencies provide.

Cryptocurrencies are already making a huge difference around the world.  Citizens of Venezuela, a country devastated by rampant inflation, have been using several cryptocurrencies…

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Can Libra help the crypto industry to reach new heights?

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Libra is motivated and determined to change the face of payment procedures across the globe and make the blockchain-based project the leaders of payments.
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The market for cryptocurrencies started with the launch of Bitcoin in 2009, and since then, so many cryptocurrencies have been launched that it gets hard to keep track of them. The crypto market has seen massive growth in the past 3-4 years as it started gaining attention from mass media, which helped in this boom.

From the past 2-3 years, several new cryptocurrency projects were launching in the market. Amid all this, the social media giant – Facebook announced the launch of their cryptocurrency platform, and this news got viral like wildfire. The announcement came forward in June, and the upcoming cryptocurrency is known as Libra, and it’ll come with its dedicated wallet called Calibra.

What is Libra?

Libra is a permissioned blockchain-based digital currency which is being developed under the supervision of Facebook’s vice president, David A. Marcus. The cryptocurrency is under development in partnership with an independent, non-profit member Libra Association. Facebook is the second member of the project, and these companies aim to use Facebook’s user base for the promotion of the digital currency when it is launched. The transactions and the cryptocurrency will be managed and cryptographically entrusted by the Libra Association.

Note: Libra Association was established by Facebook to look after the cryptocurrency and the transactions, and it was founded in Geneva, Switzerland.

The development of…

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