What is the best IOTA wallet?
Before you can start your cryptocurrency journey, you are required to have created and set up your personal IOTA wallet. Having a IOTA wallet enables you to send and receive IOTA. Throughout this guide, we will show what a IOTA wallet is, what types of IOTA wallets there are, our recommended IOTA wallets and how a IOTA wallet can be used on Anycoin Direct.
What is a IOTA wallet?
A IOTA wallet is a physical device, software program or service that stores your public and private keys and interacts with the blockchain. The public key of your wallet, also known as your “wallet address”, can be seen as your account number for IOTA, where everyone can send funds to but nobody can withdraw funds from without this wallet. With the combination of your private key and public key, you are able to sign a transaction from your wallet to someone else's wallet.
What kind of MIOTA (IOTA) wallets are there?
There is a wide variety of different IOTA wallets on the market you can use. These can range from free online web-based wallets to somewhat expensive hardware wallets with very solid security features. Below you can find a selection of the types of wallets and their features.
Which IOTA wallets does Anycoin Direct recommend?
At Anycoin Direct we have made a selection of recommended IOTA wallets for our customers:
- Software wallet: IOTA Firefly
- Hardware wallet: Ledger
Be aware, that Anycoin Direct is not responsible for the usage of these wallets. Always do your own research!
How can you use your IOTA wallet on the Anycoin Direct platform?
You can use your IOTA wallet to buy, sell or trade IOTA on the Anycoin Direct platform. To buy IOTA, open your wallet and click on the receive button to show you your IOTA address, which you have to fill in on our platform. In order for you to sell IOTA, you have to click the 'send' button in your IOTA wallet to fill in the IOTA wallet address of Anycoin Direct.