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Which IOTA Wallet For Storing Your MIOTA Coins?

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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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Cryptocurrency Collateralized Debt Positions Are Growing in Popularity

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While Bitcoin (BTC) continues to hover around the magical 10,000 price level, altcoins continue to fight an uphill battle.  Simply put, hopes of a future bull run continue to diminish as Bitcoin maintains its dominance.  One school of thought is that a few altcoins will survive and flourish, but which ones are anyone’s guess.  That being said, it’s hard to go wrong picking against the top coins like Ethereum (ETH), Ripple (XRP), Litecoin (LTC), and EOS.  These projects have managed to find a foothold in the market and have a better chance than most of staying there.  While traders wait for their positions to increase in value, one opportunity that may be worth looking at is initiating a collateralized debt position.

What is a Cryptocurrency CDP?

In traditional terms, a CDP is essentially putting up collateral in order to receive a loan against the deposited amount.  There are several examples of this in our day to day lives.  Auto title loans from large companies like TitleMax are extremely popular with consumers.  Consumers are essentially able to use their car as collateral in exchange for a cash payment which can then be used for whatever needs the consumer has.  The consumer can continue using their car as long as debt payments are made.

The same concept applies to cryptocurrency CDPs.  Consumers are able to put up crypto tokens, such as…

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Hodium Presents a Compelling Opportunity for Outsized Investment Returns

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I’m sure all of us remember the cryptocurrency glory days of 2017 and early 2018.  It was one of the biggest bull runs in history and created incredibly wealth for quite a few early entrants.  Unfortunately, for most of us, those gains have most likely been wiped out during the altcoin apocalypse.  The truth is that traders probably thought a bit too highly of their trading abilities when the reality was that anyone could have thrown a dart at a board and ended up making money.

As markets mature (and the crypto market is definitely maturing) it becomes more and more difficult to generate alpha.  In that regard, it’s similar to traditional financial markets.  I can remember trading during my high school days.  It was the late 90s and right in the middle of the dot.com boom.  Eventually, however, the euphoria fades away and reality hits hard.  Now, it’s become rather difficult to actually trade profitably which has given way to the rise of hedge funds.

Hedge funds are investment funds that pool capital from accredited and/or institutional investors and invest in a variety of assets, often with extremely complex portfolio-construction and risk management techniques.  The professionals employed by hedge funds are the best of the best and have spent years honing their craft.  That is why they’re able to make the millions of dollars that they normally…

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KaratGold Proves Its Business Model By Providing Official Documents

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There has been a lot of renewed enthusiasm in the cryptocurrency market thanks mainly to Bitcoin’s strong move about 10,000.  Although Bitcoin continues to show its dominance, the altcoin market has yet to benefit from that rally.  A few of the largest altcoins remain popular but the rest of the market continues to lag behind.  In 2018, there was a lot of talk regarding a possible altcoin apocalypse where only the strong would survive.  That prediction appears to be playing out as expected.  Going forward, only the best projects that have a real world need will survive.  Crypto traders will have to spend a lot of their time doing proper research in order to find the best opportunities, just like in all financial markets.  One promising project that appears to have the makings of a future winner is KaratGold Coin.

KaratGold Background

KaratGold Coin is a cryptocurrency developed by the reputable German company Karatbars International, which maintains a leading position in the market of small gold items and investments. The project is part of a larger ecosystem, which involves several blockchain solutions that can be used for transactions, communication, investing and other tasks. During the past few weeks, however, the KaratGold ecosystem has been a target of unsavory scam allegations.  

Karatbars International and GSB Gold Standard Banking Corporation…

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