IOTA is a totally different iteration of familiar blockchain technology, forgoing the linear “Blockchain” of Bitcoin for multi-dimensional “Tangle” of transactors. IOTA has no fees, actually speeds up the more people use it, and is infinitely scalable. IOTA takes its name from the “Internet of Things”, often abbreviated “IoT”. It’s a technology solution by which all sorts of devices around the globe can be interconnected, transacting money and data.IOTA is also a cryptocurrency (MIOTA). Crypto investors are right to see IOTA as an opportunity for big returns. As more of our daily lives go online, the applications of the IOTA network will inevitably go mainstream. To invest in IOTA while the network is still young, users will need an IOTA wallet, one which can store the MIOTA cryptocurrency and protect the investment for however long the user decides to hold.On this Page:Top-rated crypto platform for 2020OUR RATING 15+ coins supportedCySEC and FCA regulatedBuy, sell and trade crypto in 1 platformOver 6 million users worldwide Visit Site 75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection. CompareTo find out more and compare different wallet providers, check out our list below. If you want to learn How to buy Bitcoin and other cryptocurrencies, read this guide.What is a IOTA/Crypto Wallet?What is a IOTA/Crypto Wallet?IOTA is a digital currency. This means that it’s used like physical money, but it must stored in a piece of software to remain safe and accessible to its owners. A piece of software that performs this function is called a “wallet”. It’s a digital product that performs the same function as the leather wallet in your pocket, for digital currencies like IOTA.Everyone who uses IOTA has an IOTA wallet. There’s a wallet for every other kind of cryptocurrency, as well. Crypto wallets perform these functions: Send Cryptocurrencies Receive Cryptocurrencies Trade Cryptocurrencies Spend Cryptocurrencies Withdraw CryptocurrenciesIOTA’s Tangle and wallet technologies can do many things. However, you can’t use a crypto wallet to: Send BTC to a non-BTC Address (like-address to like-address only!) Share personal data with 3rd parties (not recommended) Withdraw fiat cash from your bank (only crypto ATMs) Create IOTA WalletEver wonder how certain IOTA coins are tied to their owners? This is done using secret codes called “Private Keys”. When you receive new IOTA coins, you receive Private Keys along with the transaction. These keys signify to the IOTA network that you, the owner, have the right to ownership of these coins. The private keys are managed in an IOTA wallet that you control.There are many IOTA wallets available today. They can be stored on mobile devices or computers. IOTA wallets can even be housed in standalone physical products, which are safer than software wallets because they are not connected to the internet (and its hackers and fraudsters).IOTA wallets also exist on cryptocurrency exchanges. Exchanges wallets are meant to temporarily store your IOTA after you buy it, while you choose where to send your IOTA for longer-term storage.Of all of these options, the safest bet will be an IOTA wallet that’s not connected to the internet. This could be a software wallet on a laptop that’s never been online, a hardware wallet like the Ledger Nano S, or a Paper Wallet (that’s just your IOTA Private Keys written down on a piece of paper – hack proof!).Best IOTA Wallet ProviderBinanceMore cryptocurrency is traded with Binance than with any other cryptocurrency exchange in the world. Most people who buy IOTA find themselves on Binance at some point. Here is a quick guide to creating your own Binance account, as well as how to use the Binance IOTA exchange wallet. Step 1 – Create Your Binance Account.Go to Binance.com and register for a new account. List your email address and create a new password.Binance will send you an email with a link that you should click.Once you click the link, you’ll be let back onto Binance. Give a little more information, and you’ll be able to fund your Binance account with Bitcoin, Ethereum, Tether, Binance Coin (any of which can be traded for the rest of the altcoins on Binance, including IOTA/MIOTA). Note: You can’t buy IOTA with fiat money on Binance.Step 2 – Go to “Funds” > “Balances”Here’s an image showing a bunch of Binance wallets, one for each cryptocurrency traded on the platform.Whenever you buy an altcoin on Binance, it gets delivered to its wallet here in your account.When you have cryptocurrency in one of these wallets, it will appear at the top of the pile. You can send IOTA or other altcoin to these wallets by clicking “deposit” beside the relevant wallet. Visit BinanceGuarda WalletGuarda Wallet is an excellent multicurrency wallet with full IOTA functionality. We’re impressed with Guarda’s security, an important characteristic for a mobile-ready IOTA wallet. Find out how to create your own Guarda wallet below.Step 1: Create a Guarda WalletGo to Guarda.co and create your wallet. Guarda is an online wallet, accessible through browser or as an app on your mobile device. Create your wallet, and make sure to Backup the wallet as well. This will let you recreate your wallet if you ever get locked out for some reason.Step 2: Access your IOTA walletYour IOTA wallet will already be active within your Guarda wallet. Once inside your account, you’ll be able to send MIOTA to the IOTA wallet address, where you can send your IOTA for any purpose, receive more, or store your coins for a long term investment. Visit Guarda WalletBest IOTA Wallets in Your CountryUKCanada & USAustraliaCoinbase is the best IOTA wallet for people in UK. It is licensed in multiple international jurisdictions. Its long history of excellent services and practices extends back before Bitcoin even existedIf you want to actually own and trade IOTA, Binance might be your best bet. IOTA is tradable against Bitcoin, Ethereum, Tether, and Binance Coin on Binance. From Binance, you can trasfer your IOTA to any IOTA-supporting crypto wallet.For users who wish to own and transact with their IOTA, Binance may be the best option for people in North America. All of Binance’s trading currencies have trading pairs with IOTA. Binance is the best temporary IOTA wallet solution for traders in Australia and New Zealand.While not ideal for long term storage, the Binance wallet has never had a major hacking scandal as is so often the case with exchange wallets.People can buy IOTA on Binance, then store it in the Binance wallet until they figure out where and how to store it securely elsewhere for the long term.Differences Between Exchange, Hardware and Software Crypto WalletsNow that we understand some of the best IOTA wallet options, let’s highlight the differences between exchange, hardware, and software wallets.Exchange WalletsEvery cryptocurrency exchange provides temporary wallet solutions for their users. This is where coins go after a trader buys them.Crypto exchanges are occasionally hacked, and user funds stolen, so people shouldn’t rely on exchange wallets for the long term.Here are some good examples of Exchange wallets: Coinbase Wallet Binance WalletHardware WalletsA hardware wallet is a physical produce equipped with software that stores cryptocurrencies. Hardware wallets are only connected to the internet when making transfers, thus storing crypto securely.Here are some good examples of Hardware wallets: Ledger Nano S Trezor Bitcoin Paper WalletSoftware WalletsSoftware wallets are pieces of software downloaded onto mobile devices and computers. These web-connected wallets are always going to be a little more vulnerable than hardware wallets, but they’re more convenient for everyday crypto use.Use software wallets to store IOTA that you plan to trade or spend in the next few days. Use more secure wallets like hardware wallets for long term storage.Here are some good examples of Software wallets: Exodus Wallet Jaxx Wallet Bitcoin CoreBest IOTA Wallet on MobileAppleAndroidApple x AndroidBest IOTA Wallet AppleThe Guarda Wallet is probably the best wallet solution available for IOTA users with Apple phones. It’s an intuitive and secure multicurrency wallet that’s cross-compatible with desktop browsers.Best IOTA Wallet AndroidGuarda is probably the best IOTA wallet available for Android mobile users. A web wallet, Guarda will be available to anyone with access to the internet, so you’ll be able to use it on your computer as well.IOTA is not the most well-supported cryptocurrency for mobile, but there are more IOTA wallets than ever for Android and Apple anyway. Check out the key differences between important crypto apps below:Apple Only works with applications made for its own software Most Cryptocurrency apps and wallets are instantly banned on the Apple store due to violations of T&C All app publishers need to be identified and cannot be anonymousAndroid You can run any application on Android You will find any app on the Play store, even the ones that are scams You can run crypto mining applications and scripts on your deviceThere are tons of options when choosing an IOTA wallet. IOTA is an innovative digital currency, and developers around the world are finding useful ways for users to store and transact with their IOTA.When evaluating IOTA wallets, choose one with verifiable security. Also make your choice based on ease of use and compatibility with other cryptocurrencies and altcoins that you enjoy using.When making your choice, look to third party discussion forums like Reddit and BitcoinTalk Forum. Here, unbiased users will have candid conversations about their experience with each wallet option, so you will learn what it’s like the use in real life.When you finally choose an IOTA wallet, make sure to keep the keys and passwords secret. This way you’ll never lose access to your IOTA, and no one will be able to steal them from you. Good luck, and happy investing!More Cryptocurrency Wallets Bitcoin Wallets IOTA Wallets Ethereum Wallets EOS Wallets Ripple Wallets Cardano Wallets Stellar Wallets Dash Wallets NEO Wallets Binance Coin Wallets Bitcoin Cash WalletsTop-rated crypto platform for 2020OUR RATING 15+ coins supportedCySEC and FCA regulatedBuy, sell and trade crypto in 1 platformOver 6 million users worldwide Visit Site 75% of retail investor accounts lose money when trading CFDs with this provider. Crypto assets are highly volatile unregulated investment products. No EU investor protection.FAQsCan I store all my cryptocurrencies in the same wallet? For the most part, yes. There are many multicurrency wallets which can be used to store all of the major cryptocurrencies. However, as new cryptocurrencies and altcoins are added to the markets each day, there is no wallet option that's truly universal. If you trade in very new or obscure altcoins, chances are you'll need multiple wallets. Also, as no wallet can fulfill a user's need for security, convenience, and universal support in a single piece of software, users will likely need multiple wallets for each requisite use case.Can I send IOTA to a Ripple or Ethereum wallet address? Definitely not! Only send IOTA to another IOTA address. Sending IOTA to any other kind of coin address will most likely result in the loss of your funds, and there won't be any way to recover them.What is the best Way to keep my Cryptocurrencies safely stored? If you want to store cryptocurrencies like IOTA for the long haul, use a hardware wallet. Hardware wallets are small physical devices that house offline apps. Each app stores the keys associated with the ownership of your coins. When connected to the internet, the apps spring to life and let you do anything you want with your MIOTA. When offline, the hardware wallet prevents hackers from being able to access your coins.