The best IOTA wallets in comparison | Guide and review

Even though the selection of IOTA wallets is not as large as that of Bitcoin or Ethereum, choosing the best IOTA wallet can be a complex task. In the following article we would like to give you an overview of the currently available and safest IOTA Wallets.

Before we introduce the individual wallets in more detail, however, we would like to clarify the basics first. It is important that you understand what distinguishes the different wallets and types of wallets. The most basic distinction is the differentiation between a

  • cold wallet and
  • hot Wallet.

The distinction is made on the basis of the characteristic “connection to the Internet”. While hot wallets are connected to the Internet, cold wallets do not have a permanent connection. This makes cold wallets much safer than hot wallets. This can be explained by the fact that hot wallets can be attacked by hackers via the Internet connection. Hackers can use your Internet connection to install malware on your computer or smartphone. Cold wallets generally do not have this point of attack.

In the crypto industry, it is common for large crypto investment firms and cryptocurrency exchanges to store only the most necessary portion of customer funds in hot wallets in order to be liquid. They manage the majority of cryptocurrencies in cold wallets (also called cold storages), because the difference in security level is so significant. You should take this as an example.

Private customers can purchase cold wallets in the form of hardware wallets or create a free paper wallet. The former are small devices, usually as large as a USB stick, that are used to manage Bitcoin, IOTA and other Altcoins offline. In contrast to cold wallets, hot wallets can be divided into various subcategories. These types have in common that the “private keys” come into contact with the Internet in different ways.

The subcategories of hot wallets are:

  1. IOTA desktop wallets
  2. IOTA mobile wallets
  3. IOTA online wallets
What are the IOTA Seed, private key and an Address?
The terms private key and public key come from asymmetric cryptography. The key pair of private and public keys is used for encryption in cryptocurrencies. The private key is a randomly generated character string that makes it possible to confirm transactions.

Thus the private key practically represents your property right to the cryptocurrency, which is why it must never be passed on. If you control the private key, you can also access the corresponding address and output the stored cryptocurrency. IOTA has a seed. The seed is a way to encrypt the private key. Each IOTA wallet has a unique “seed” that serves as an access key for the wallet. The Seed, like the private key, should therefore never be passed on! The IOTA Seed consists of 81 characters (called trytes), which can be any English capital letter or the number 9.

In addition to the seed, IOTA also has another special feature: For each transaction, a new address is automatically generated using the seed. In contrast to other cryptocurrencies, IOTA generates from the private key (seed), the public key what the new addresses are.

Before you buy IOTA (click here to read our guide) you should already have decided which IOTA wallet you want to use. This will save you precious time and money afterwards, which you can use more sensibly elsewhere. Besides, we’d like to give you a second piece of advice:

The storage of IOTA on a cryptocurrency exchange or with a broker (online wallet) is basically not a good option. This is because you give control of the private key to the trading platform. Our recommendation is therefore to install an external wallet and / or buy a hardware wallet in the best possible way.

IOTA Hardware Wallets

As explained above, cold storage solutions are the best and most secure way to store large amounts of cryptocurrencies such as IOTA. In comparison, they have the highest security standard, since the private key or seed from IOTA does not come into contact with the Internet. This is stored on the hardware wallet. The release of a transaction can therefore only take place via confirmation on the hardware wallet (at the touch of a button).

Should the administration software (e.g. Ledger Live) be hacked, the hackers cannot nevertheless carry out a transaction (e.g. to a manipulated address), since the user must confirm the transaction – to the (correct) destination address – on the hardware wallet at the touch of a button. Thus the hardware wallet itself would have to be hacked. The theft of your IOTA from the hardware wallet is almost impossible.

Apart from that, hardware wallets also provide very good protection in the event that the theft happens analogously, in the real world. If the device is stolen, the hardware wallet is protected by an authorization with a PIN. In addition, a 2-factor authentication can be set up for the hardware wallet, so that sharing via a second device (e.g. a smartphone) is always required. This makes it very difficult to steal the cryptocurrencies managed with the hardware wallet, even in the event of physical theft.

In our opinion, a hardware wallet is a very worthwhile investment. Even the price for our test winner, the Ledger Nano X (around 120 euros), is rather low compared to the amount you probably invested.

Admittedly, there are now a large number of hardware wallets on the market. However, IOTA is one of the least supported cryptocurrencies for hardware wallets. Currently only the Ledger Nano S and Nano X are compatible with IOTA. The second well-known manufacturer of hardware wallets, Trezor, has already indicated for the first time in May 2018 that an integration of IOTA is planned. However, implementation has not yet taken place (as of August 2019).

In the following box we have summarized the advantages and disadvantages of hardware wallets:

The advantages of IOTA Hardware Wallets:
✅ Highest available security standard
✅ Storage of private keys offline
✅ Support for a variety of cryptocurrencies
✅ Regular updates by the renowned hardware wallet manufacturer
✅ Each transaction must be physically confirmed via the device
✅ Very good customer support

The disadvantages of hardware wallets are:
❌No deposit insurance as offered by few brokers, e.g. eToro
❌ Storage of the coins is your own responsibility. However, this can also be an advantage!

The best 3 Hardware Wallets in 2019
Hardware WalletInfoTest
Ledger Nano X kaufen

⚡ OUR test champion: The Ledger Nano X
✅ Manage 100 cryptocurrencies simultaneously
✅ Compatible with more than 1,100 cryptocurrencies
✅ Bluetooth connection for mobile wallet
✅ New flagship of the market leader
⛔ Price: 119,90 € - in the middle range

Testbericht lesen

Read our review

Ledger Nano S kaufen

⚡ Best price/performance ratio: The Ledger Nano S
✅ Very good Price: 59,90 €
✅ Compatible with more than 1,100 cryptocurrencies
✅ Proven quality: more than 1.3 million units already sold
⛔ Manage max. 5 cryptocurrencies simultaneously

Testbericht Ledger Nano S

Read our review

Trezor Model T kaufen

⚡ 3rd place: The Trezor Model T
✅ Over 1,000 cryptocurrencies supported
✅ Proven quality from Trezor
✅ Firmware is not installed on the device until you start it
⛔ In comparison to the Nano X: less features and functions 
⛔ High price: about 180 €

Testbericht Trezor Model T

Read our review

1.Ledger Nano X

The Ledger Nano X is the test winner in our hardware comparison test and also the best IOTA hardware wallet. The Nano X is the successor of the Ledger Nano S, which has been sold over 1.3 million times worldwide. In a direct comparison with the Nano S, the functional range of the Nano X has once again increased considerably.

The biggest innovation is certainly the Bluetooth function, whereby the device can be used as a mobile wallet. In addition, the Nano X has a much larger memory, so that up to 100 cryptocurrencies can be managed simultaneously. In addition, the display has been enlarged so that Bitcoin addresses can now be displayed completely – without scrolling. The fourth major innovation is an improved safety chip that has been installed to further increase the safety of the device.

All in all the Ledger Nano X is the best IOTA hardware wallet from our point of view. The new functions justify the (fair) price of around 120 euros.

Supported cryptocurrencies

The Legder Nano X can manage over 1,100 different cryptocurrencies. There is hardly a cryptocurrency from the top 100 by market capitalization that is not compatible with the Nano X.

With the enlarged memory, up to 100 apps can be installed simultaneously on the device instead of 5 apps (as with the Nano S) and thus up to 100 cryptocurrencies can be managed simultaneously.

.

Operation
The operation of the Ledger Nano X is very simple and intuitive. The device is operated via the 2 buttons on the top. Additionally the Ledger Live App is required. With the app you can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies. The transaction is released exclusively via the hardware wallet.
Transparency & Fees
Ledger is open source software, so it is publicly available. However, the code for the hardware is secret. Ledger says it chose this architecture because it is not possible to “reach the level of physical security with generic chips”.

The fees for an IOTA transaction are transparent or can be set. They correspond to the network fees. Ledger itself does not charge any fees.

Security
Ledger’s security standards are industry-leading. Ledger has become a brand not only appreciated by private investors, but also used and supported by numerous companies. The French company has established cooperations with Neufund, blockchain.com and Switcheo. Samsung also announced a 2.6 million investment in the French company in April 2019.

Also the Bluetooth function is no security gap or danger. Only non-critical data (not the private key and not the recovery seed) is transferred via Bluetooth. In addition, a release with the Ledger Nano X is always necessary to send transactions.

2.Ledger Nano S

Although the Ledger Nano S is no longer Ledger’s newest model, it can still be an interesting investment. It is still one of the most secure hardware wallets on the market. Especially the very favourable price of 59 Euro makes the Ledger Nano S a very attractive investment for beginners.

The price/performance ratio of the Nano S is unbeatable. If you can live without the new functions of the Nano X and only want to manage a small number of different cryptocurrencies, you should access the Nano S in our opinion.

Supported cryptocurrencies
As with the Legder Nano X, over 1,100 different cryptocurrencies can be managed via the Ledger Nano S using the Ledger Live Software. Due to the smaller memory, only 5 apps can be installed on the device at the same time, so that users always have to install and uninstall the apps (the data / account balances are not lost!). However, this works without problems and within a few seconds..
Operation
The operation of the Ledger Nano S is also very simple and intuitive. Operation is via the 2 buttons on the device. Additionally the Ledger Live App is required. Both models use the same Ledger Live software. You can check your account balance in real time and the performance of your portfolio, as well as send and receive cryptocurrencies.
Transparency & Fees
The Ledger Live Software is open source software whose source code is publicly available. However, the operating system of the ledger devices is (still) a trade secret, which according to Ledger will only be revealed in the future.

The fees for a transaction are transparent, can be set and correspond to the network fees of the respective blockchain. Ledger himself doesn’t charge anything.

Security
Ledger’s security technologies are industry-leading. These are not only used by Ledger Hardware Wallets, but also by companies to securely store cryptocurrencies.

IOTA desktop– and mobile wallets

Desktop wallets are programs that are installed on your computer in order to send and receive IOTA. They offer the advantage over online wallets that the IOTA Seed is stored on your own device and not on the Web wallet Provider’s server. So you have full control over your IOTA. However, desktop wallets also have a big disadvantage compared to hardware wallets. Your PC is (probably) permanently connected to the Internet. So the IOTA seed can be a potential target for hackers, as phishing or other malware could be installed on your computer by hackers to steal your IOTA. However, desktop wallets offer better protection than web wallets.

Desktop wallets are in our opinion the best alternative if you don’t want to spend money on a hardware wallet and are looking for a free IOTA Wallet. The following table summarizes the advantages and disadvantages of IOTA desktop wallets compared to other types of wallets:

The advantages of IOTA desktop Wallets:
✅ Full control over IOTA Seed
✅ Free to use
✅ Regular updates
✅ High safety standard

The disadvantages of IOTA desktop Wallets:
❌ Less security than using a hardware wallet (more vulnerable to hacking attacks)
❌ No deposit insurance, e.g. as offered by eToro’s Web Wallet
❌ Be careful when choosing an unknown wallet: There are known cases of fraud.

Mobile wallets have the advantage that you can access the wallet with your mobile phone and thus make transactions very fast and from everywhere. However, smartphones are also a very popular target for hackers. In comparison to desktop wallet they offer a comparable protection. Below we have summarized the advantages and disadvantages of mobile wallets:

The advantages of mobile IOTA wallets are:
✅ Full control over the IOTA Seed
✅ You can access your wallet from anywhere if you have an internet connection
✅ Regular updates
✅ The user interface is often very simple and intuitive.

The disadvantages are as follows:
Less security than a hardware wallet
❌ No deposit insurance, e.g. as offered by eToro’s Web Wallet
❌ Susceptible to hacking or phishing attacks

Below you will find our top recommendations for a secure and reputable IOTA desktop or mobile wallet. You will notice that there is no Multi-Coin-Wallet in the list. This is due to the IOTA Tangle technology, which differs significantly from the Blockchain technology and is therefore not compatible with the common Multi-Coin wallets (such as the Atomic Wallet, Jaxx wallet or Exodus Wallet). Our recommendations are therefore:

  1. IOTA Trinity Wallet
  2. IOTA GUI Wallet
  3. Nostalgia Wallet

And one more note: If you have already read other guides, on other websites and have browsed IOTA wallet instructions, like the Guarda wallet and Nelium Wallet, let us tell you that these (as of August 2019) do not exist! There were occasional announcements for the Wallets. For example, the Nelium wallet was announced in January 2018 by a promo video and hyped big. However, no official release has taken place so far. From our point of view the best and free wallet by far is the IOTA Trinity Wallet.

1.IOTA Trinity wallet

iota trinity wallet

Source: https://blog.iota.org/the-next-steps-for-trinity-f9af3fc64736

The IOTA Trinity wallet is the easiest to use and safest IOTA Wallet. The wallet has a very clear and intuitive user interface, which should be self-explanatory even for beginners. The developers of the wallet attached great importance to this after the predecessor (the IOTA Light Wallet) had its weaknesses in user-friendliness.

The developers of the Trinity wallet are supported by the IOTA Foundation, which is responsible for the development of the cryptocurrency. The Trinity wallet was only launched in July 2019. However, the previously available beta version of the wallet was already very popular and has been downloaded over 160,000 times and has processed IOTA transactions worth over $1.8 billion.

Another advantage of the IOTA Trinity wallet is that it is an open source wallet developed by the IOTA developer community. This makes the source code visible and transparent for everyone. With the second version of the IOTA Trinity wallet released in August 2019, support for the Bluetooth feature of the Ledger Nano X has also been added. With this extension, Trinity Mobile users can also manage their funds with a Nano X ledger.

In addition, the wallet can be classified as very safe. The IOTA Foundation announced the full release of the Trinity wallet only after SIXGEN, a Maryland-based cyber security company, completed a full audit of the wallet. In order to support the user in protecting the Wallet, the wallet also has a so-called “Seed Vault”. This is a password-protected file that stores the seed in encrypted form. The file can then be stored on one or better still, multiple external devices or media (never on the same device). In addition, biometric authentication can be selected.

The Trinity wallet is also available in a desktop and mobile version. To download it, you need to visit the official website (click here) to download the desktop version. If you prefer the mobile version, check out the Apple App Store and Google Play Store for Android.

Supported cryptocurrencies
Only IOTA (MIOTA) can be managed with the IOTA Trinity Wallet.
Operation
Compared to the predecessor of the Trinity Wallet, the IOTA developers have learned a lot about usability. While the predecessor was still very error-prone, which led to various problems with the users, the Trinity wallet is very much improved. The user interface is very intuitive and clearly structured, so that even beginners should not have any problems with the operation.
Transparency & Fees
The source code of the IOTA Trinity wallet is open-source and accessible to everyone. There are no additional fees for the use of the Wallet.
Security
The security of the IOTA Trinity wallet can be rated as very good. This is supported by the auditing by SIXGEN as well as the various options for securely generating and storing the seed.

2.IOTA Light wallet

Before the Trinity Wallet, the IOTA Light wallet was the only option to store IOTA on an external wallet and not on a cryptocurrency exchange. Although it is our Top 2 recommendation, it is much more complicated to use and set up than the Trinity Wallet. Beginners should therefore make sure to use the Trinity Wallet, which is the successor of the IOTA Light Wallet.

The wallet has its name (“Light”) because it functions as a Light Node. This means that it is part of the tangle network without having to set up a full node. The Light Node wallet works by connecting to a full node to gain access to the tangle and enable transactions. Another disadvantage of the Light wallet is that there is no mobile version. In addition, security is generally good, but not optimal. Thus the seed is stored exclusively on your own computer. Apart from that, there are no other security features.

Supported cryptocurrencies
The IOTA Light wallet is specially programmed for the IOTA network. Thus only IOTA is supported.
Operation
Compared to the Trinity Wallet, the operation of the wallet is very complicated and sometimes very complicated. On the Internet you will find numerous experience reports which report on it.

For example, a typical problem is that the wallet displays an account balance of zero. To solve the problem, the Light wallet must be synchronized again with the Tangle by the user himself. This or similar problems are especially annoying and complicated for beginners to solve.

Transparency & Fees
The source code of the Light wallet is open source and can be viewed on GitHub. In addition, there are no fees for use.
Security
The security is basically good. In comparison to other wallets, the Light wallet offers very few safety functions.

3.Nostalgia wallet

The IOTA Nostalgia wallet is a very rudimentary wallet user interface to access the IOTA network. It was published on GitHub in January 2017 by Dominik Schiener, one of the co-founders of IOTA, and has not been updated since.

The Nostalgia is also not recommendable for other reasons and if so, then only suitable for advanced users. So the source code of the wallet has to be modified (even if only to a small extent) so that you can connect the Nostalgia to a server running IOTA. For this you have to open the file nostalgia.html in an HTML editor and change the code lines with the “Host” and “Port”. In general, you should have at least basic knowledge of programming in order to find your way around this wallet.

If you are still interested in trying out the wallet, you can use it on Windows, Linux and MAC computers.

Supported cryptocurrencies
Exclusively IOTA (MIOTA).
Operation
The setup of the wallet is only suitable for advanced users. The operation itself is quite simple and clearly arranged.
Transparency & Fees
The source code of the Light wallet is open source and can be viewed on GitHub. In addition, there are no fees for use.
Security
The Nostalgia wallet offers very few security features.

4.GUI Full Node IOTA wallet

The GUI Full Node IOTA wallet is for all those who want to run an IOTA Full Node and are looking for a wallet to do so. For a detailed manual and description we recommend the website IOTA Support.

IOTA online wallets

IOTA Online wallets are currently still limited to the classic online exchange wallets, as there are no wallets such as the MyEtherWallet or MetMask wallet for Ethereum. The online exchange wallets offer the advantage of being an even easier and faster way to manage IOTA than desktop wallets. Both the installation and the creation of a backup are omitted. However, exchange wallets also require a very high level of trust in trading platforms.

Users must be aware that they are relinquishing control of the private key or the IOTA Seed. Users must therefore be confident that the platform stores the private keys in cold storages. In addition, the employees of the trading platform who have administrative access must be trusted. At this point we would like to mention Mt. Gox Hack, which may have been an inside job. Ultimately, however, well-known and established exchanges and brokers have very good security precautions. Therefore, it cannot be assumed that online wallets are insecure. They only require a great deal of trust!

Below we have compiled an overview of the advantages and disadvantages of online wallets:

The advantages of IOTA online wallets:
✅ Access from anywhere in the world where an Internet connection exists
✅ Exchange wallets enable trading out of the Wallet
✅ In the case of exchange wallets, there is no installation work required
✅ You can define limits for maximum payouts per transaction
✅ The user interface is often very simple and intuitive.
✅ Often very good customer support

The disadvantages of IOTA online wallets:
❌ Worse Security standard as hardware and desktop wallets
❌ The Management of the private keys will be transferred to a third party
❌ Greater likelihood of hacker or phishing attacks
❌ Some web wallet vendors have turned out to be scam in the past

1.Binance web wallet

Binance

From our point of view, storing IOTA (MIOTA) on Binance is the best option among online wallets. On the one hand, you can trade over 150 cryptocurrencies out of Binance’s online wallet. On the other hand, Binance is one of the world’s largest and most popular cryptocurrency exchanges. As with any Exchange Wallet, you should be aware that the IOTA Seed is managed by Binance. Accordingly, the security must also be rated lower than with the aforementioned wallets. This is because your IOTA Seed is located on external servers.

Even though Binance is one of the most secure cryptocurrency exchanges in the world, a hack can never be ruled out. Binance was already hacked in May 2019 and 7,000 BTC were stolen. Fortunately, Binance took full responsibility for the hack and made up for the loss. This means that Binance users have not suffered any damage. Nevertheless, the hack shows that you should use cryptocurrency exchanges exclusively for trading IOTA and not for permanent storage. If you want to store your IOTA for a long time, you should use the Ledger Nano S, Ledger Nano X or Trinity Wallet.

You can register an account on Binance by clicking on this link*.

Supported cryptocurrencies
Over 150 cryptocurrencies: All cryptocurrencies can be traded at Binance and stored in the Web Wallet.
Operation
The operation of the cryptocurrency exchange and the associated wallets can be somewhat complicated and confusing for beginners. In our Binance review, we explain in detail how you use the platform.
Transparency & Fees
Use of the Binance wallets is free of charge. Trading fees are charged, as you can read in our Binance review.
Security
Binance is considered one of the safest exchanges in the world. However, you should only keep your IOTA on the exchange as long as you are actively trading.

2.eToro wallet

eToro wallet and Exchange

The eToro wallet is a special wallet. This is because the eToro account (web wallet) has a deposit guarantee of up to €20,000 per customer. This is not usual and is offered by the fewest brokers and exchanges. In principle, users bear the risk of loss or theft. This great advantage can be particularly interesting for newcomers who are less familiar with the handling and setting up of a wallet.

However, users of the eToro wallet also have to accept two disadvantages! On the one hand, the storage of the IOTA per day is subject to so-called “overnight fees“, which make the longer holding on eToro rather unattractive (details on the amount of the fees can be found in our eToro review). On the other hand, IOTA cannot be transferred to an external wallet.

All in all, the eToro wallet has one big advantage, but also two big disadvantages. Depending on what is more important to you, the eToro wallet may or may not be an option for you. To use the eToro Wallet, you need to create an account with eToro (click here*).

Supported cryptocurrencies
15 cryptocurrencies: Bitcoin (BTC), IOTA (MIOTA), Bitcoin Cash (BCH), Ripple (XRP), Dash (DASH), Litecoin (LTC), IOTA Classic (ETC), Cardano (ADA), MIOTA (IOTA), Stellar Lumens (XLM), EOS (EOS), NEO (NEO), Tron (TRX), ZCash (ZEC), Binance Coin (BNB)
Operation
eToro offers a very clear and intuitive trading platform for beginners as well as advanced traders.
Transparency & Fees
As described above, eToro charges fees. These can add up, especially when holding for a longer period of time. You can read in detail in our eToro test report when they occur and how high they are.
Security
The deposit insurance of up to 20,000 USD per customer makes the eToro wallet a very secure option.

3.Coinmerce online wallet

Coinmerce

Coinmerce is a broker from the Netherlands, which enables the direct purchase and sale of cryptocurrencies per euro. In addition to trading, Coinmerce offers its users the option of storing Bitcoin and other cryptocurrencies on the exchange. In this case, the exchange takes over the task of taking care of your private key.

For Coinmerce, the platform has never been hacked before. In addition, according to Coinmerce, the majority of cryptocurrencies are stored in a cold storage to protect against hackers.

If you click on this link*, you will be taken to the official website of the exchange where you can create an account.

Supported cryptocurrencies
Over 100 cryptocurrencies are offered for sale by Coinmerce. There’s a hot wallet for every coin.
Operation
The motto of Coinmerce is “Cryptocurrencies for all”. According to the motto, the operation is very simple and intuitive. On a positive note, Coinmerce also offers a mobile hot wallet with the same functions as the desktop version.
Transparency & Fees
There are no fees for the use of the Coinmerce hot Wallets! However, a fee (beyond the network fee) is charged if the coins are transferred from the broker to an external wallet. The fee depends on the respective cryptocurrency.
Security
We are not aware of any hack. In addition, the majority of Coinmerce’s customers’ money is stored in cold wallets. However, as with all web wallets, we recommend using a desktop or hardware wallet.

We summarize for you the most important things about Online / Web Wallets:

Summary
Online wallets only provide basic protection for your IOTA. The operation is very simple and free of charge. You can also trade directly out of them (on the respective exchange).

However, they have the big disadvantage that you are not in possession of the Private keys. Moreover, exchanges are popular targets for hacking attacks. So you have to trust the security of the exchange

IOTA offline wallets / IOTA paper wallets

IOTA Paper wallets have the reputation of being a “safe wallet”. But what exactly does paper wallet mean and how can IOTA be stored in a wallet with a piece of paper? The difference to a digital wallet is actually very simple and quickly explained: The paper wallet is a piece of paper on which the seed is placed (“stored”). The advantage over a digital wallet is obvious.

If the IOTA Seed is generated completely offline and also created offline on a paper wallet, no hacker can access it. Many IOTA buyers make the mistake that they store their seed unencrypted on their own PC. Hackers can then very easily steal the seed from the computer and empty the wallet. The big disadvantage of a paper wallet, however, is that the piece of paper cannot be used to send transactions. To send transactions, you have to go online! For security reasons, an IOTA paper wallet should therefore only be used once and a new paper wallet created afterwards.

IOTA offline wallets are especially useful if you do not want to access the IOTA (MIOTA) for a long time. You can then store your IOTA paper wallet in a safe place. It is important that your PC and printer are free of viruses and malware. This can be a potential weakness of the IOTA Paper Wallet.

To create an IOTA paper wallet there is for example the Arancauchi paper wallet Generator. This generator is very popular within the IOTA community. The code of the generator is open-source and available on GitHub. We are also pleased that the IOTA paper wallet Generator is available as an offline version. Nevertheless, it must be mentioned that this is a third-party program whose seriousness must be trusted!

The tool accesses the IOTA libraries, which are used for “address creation”. If you are interested in the paper wallet Generator, you can test it on this website (GitHub). For security reasons we recommend to use the offline version!

iota paper wallet

The advantages of IOTA paper wallets are:
Storage of IOTA offline
✅ Best suited for beginners
✅ Easy and secure to create
The disadvantages are as follows:
❌ No deposit insurance, as offered by some IOTA exchanges like eToro
❌ If applicable, use of a third party provider to create the seed
❌ Not 100% safe from hacker or phishing attacks

Further important information about the IOTA wallet test

Please note that we have compiled the information to the best of our knowledge and experience. However, you should always seek further information and test different wallets to find the best wallet for you. If you have any questions or suggestions regarding our IOTA wallet review, please feel free to leave us a comment. We’ll be glad to help you!

If you liked this entry to the best IOTA Wallets, we would appreciate a positive review!

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About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

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