IOTA light wallet review ▷ is it the best wallet for your MIOTA?
There are dozens of IOTA wallets to choose from. But what is the best IOTA wallet? At Bitcoin News.one we attach great importance to keeping everything as beginner-friendly as possible. Therefore, after testing all the different options on the market, we have come to the conclusion that the GUI IOTA light wallet is probably the best option. In this report we explain everything you need to know about the GUI IOTA wallet and how to set up the wallet.
What is the IOTA Light Wallet?
The GUI IOTA Light Wallet is an uncomplicated solution for storing and sending your IOTA coins. It's user-friendly, quick, and easy to set up, making it the best option for beginners.
The only disadvantage that we found with the GUI IOTA Light Wallet is the lack of mobile support. If you want to be able to store or send coins on a mobile device, you should look at other wallets.
With everyone Wallet security is an important aspect. The IOTA Light Wallet is designed so that you are the only person who knows and can access your Recover key. The IOTA Light Wallet is compatible with all conventional operating systems (Windows, MAC and Linux).
Which cryptocurrencies are supported?
The GUI IOTA light wallet is specially designed for storing IOTA designed. That means it doesn't support any other cryptocurrency.
Is the wallet safe?
The wallet is designed so that you are the only one who can keep your private recovery key. However, to keep your coins safe, you should take the following steps:
1. Do not generate an “auto-generated” seed on a third-party website. Always create passwords yourself and never use websites that can be found on Google.
2. Do not share your recovery seed with anyone. Some people will pretend to be IOTA representatives and ask for your RecoverySeed to "help" you. Don't fall for the trick. Nobody needs your seed to help you
3. Keep your seed in a safe place on paper. Computers can be hacked, but physical paper cannot. We strongly recommend that you save your recovery seed this way and not save it to a Word document on your computer. If you own a lot of IOTA, you should spend the extra seconds manually entering your recovery seed.
The lightweight GUI wallet is safe to use. However, safety can be compromised by human error. However, provided you follow the steps above, you shouldn't experience any problems.
IOTA wallet facility
First you have to Github go to get the wallet download link.
Step 1: IOTA wallet download
Once you are on the Github website you should see the latest versions of the GUI IOTA light wallet. Which download is right for you? The file extension '. dmg 'is the MAC wallet and the file extension' .exe '' 'is for Windows.
Step 2: IOTA wallet setup
Once you have downloaded the necessary file, you need to install the Walelt. On a MAC, just open the file and move the IOTA wallet to your application folder.
When you try to open the app, you get a message that the app cannot be opened "because it came from an unidentified developer".
Do not worry about this warning message. The warning message appears because the app has not been officially registered in the app store. To open the application, simply go to 'System Preferences' and select 'Security & Privacy'.
Then click on "Open anyway".
As soon as the app opens, you will be asked whether you want to run a 'Light Node' or a 'Full Node'. We recommend that you choose "Light Node".
You will then be asked to select a host. Just choose any option from the drop-down list and click the "Start" button.
You will then see a login screen and be asked to create a recovery seed.
As mentioned earlier, don't use an automatic seed generator and instead create your own. The seed must be created according to the following rules:
1. A seed consists of 81 characters. Accepted characters are the letters A to Z and the number 9.
2. All letters must be in upper case.
An example of an acceptable IOTA recovery seed would be: HFHUFHUFHUHROHOAFGHARUDXUOAUFIAGFIGFYOIAHFOFIAHFUAFFGAFUFFUIRGFUIAFIYFUAUHSCEAYFYAE9
How can I send and receive IOTA?
Once you have logged in, you will see the home screen.
To receive coins, click the “Receive” button. Once the sender address has been appended, you can use your receiving address to send money to your wallet.
To send tokens, you only need the recipient address and the number of IOTAs to be sent. Once you click on 'Send It Now' your transaction will be processed.
You should now be prepared and ready to go.
IOTA wallets are a little more complicated to set up and use than other cryptocurrencies. However, after testing all the other options on the market, we believe the GUI IOTA light wallet is the easiest to set up and use. It has all the functions you need.