6 Best IOTA Wallets | Best IOTA Wallet List 2020 Edition
There are few wallets few supporting IOTA coin. In this article, we have added an updated list of IOTA wallets for you to find out best IOTA wallet. This list includes hardware, desktop and mobile wallet to keep your IOTA safe.
IOTA is an open-source distributed ledger that offers peer-to-peer transactions without the interference of intermediaries and fees. IOTA is quite contrary to the other decentralized blockchain networks. It is based on the ‘Tangle’ network and instead of forming blocks it creates a chain of information.
IOTA has revolutionized ‘Internet of Things’ or IoT and provides ‘blockless’ transactions that are quick and overcomes the scalability issue of blockchain technology. IOTA is the official currency of the ecosystem and is one of the top 15 cryptocurrencies in the world.
Highlights of IOTA
- It is based on the DAG or Directed Acyclic Graph. DAG fuels the Tangle network and in order to validate a node in DAG Tangle, the two previous node transactions need to be approved.
- It facilitates a uniform consensus mechanism in which all shareholders, miners, and stakeholders have to take part. It is a community consensus mechanism and ensures regulation and control in the network.
- Offers interoperability between businesses.
- Interconnectivity offers real-time microtransactions without any transaction fees.
- More secure platform.
- Overcome high computing power consumption and save energy and cost of transactions.
Best IOTA Wallets
Ledger Nano S Wallet
The Ledger Nano S has been voted as one of the best IOTA hardware wallets in 2019. The ‘state-of-the-art’ secure chip protects all your private keys and seed codes. The wallet has an OLED screen which helps you to check all your wallet transactions and funds with just a tap of your finger. Learn more about hardware wallets.
The Ledger wallet has also associated with IOTA Trinity and Romeo wallets which gives it another level of protection. All transactions in Ledger is validated through a 2-factor authentication process, PIN code, and recovery seed code. Buy Ledger Nano S Wallet
IOTA Trinity Wallet
Trinity is both a mobile and a desktop wallet. Both the Android and iOS app versions are available and can be downloaded easily into your mobile phone. The wallet is user-friendly and all transactions are automated. You can create a backup of your wallet and all your transactions and passcodes are completely secured.
The desktop version is available for Windows, Mac, and Linux and is one of the best Mac wallets. IOTA is also thinking of introducing paper wallets and multiple languages for ease of customers. Get it Now
GUI IOTA Wallet
GUI is a lightweight wallet and as the name suggests has a graphical user interface. The wallet is simple and easy to use even for beginners. After downloading the wallet, it can be run either on a full node or a light node. Beginners are recommended to use the light-node mode as it does not need them to connect to a static IP address. GUI completely secures your private keys and no information is shared on the network. GUI runs on multiple platforms like Linux, Mac, and Windows and is one of the best Windows wallets by far. Get it now
Nostalgia is a desktop wallet and is available for Windows, Linux, and Mac. The lite wallet is quite secure but the interface can be cumbersome for beginners. Experts can follow the instruction manuals and set up their Nostalgia wallet. Once you are familiar with the functioning of the wallet, transactions and operations can be really fast. Get it now
Nelium is a mobile-only IOTA wallet and is available both for Android and iOS phones. The wallet can be easily downloaded and is one of the best options for beginners due to its easy interface. The user’s passcodes and private keys are stored in the mobile device and nothing is shared on the network. All transfer of funds and transactions are secured by QR verification. Read more
IOTA Address Observer
The IOTA Address Observer helps you to keep track of your IOTA address and seed codes. You do not need to write down the seed code. The Address Observer stores your seed codes securely in the device. You can watch your available balances, transactions and real-time currency market rates through the Observer. You can also create and share QR codes through Observer which is right now available only for the Trinity wallet. Get the app