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MIOTA · 32w

Which IOTA Wallet For Storing Your MIOTA Coins?

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 coinscannot 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 devel...

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Read writing from Robert Koenig in CryptoDigest. Every day, Robert Koenig and thousands of other voices read, write, and share important stories on CryptoDigest.