IOTA Wallet

Anisa Batabyal
| 02 July, 2020 | 2 min

What is IOTA Wallet?

IOTA was developed to enable the “paradigm shift” to the Internet of Things (IOT) by establishing a “de facto standardized “ Ledger of Everything. IOTA focuses on providing an infrastructure to enable transactions between devices on the “Internet of Things”. The platform’s native token is the IOTA cryptocurrency, which is also one of the world’s top 15 biggest digital currencies by market capitalization. IOTA doesn't use the traditional blockchain design which is being used by most of the cryptocurrencies. Instead, it has developed a new platform known as Tangle, that uses a mathematical concept known as Directed Acyclic Graphs (DAG). For the transaction to be valid, each node in a DAG Tangle has to approve two previous transactions at other nodes. 


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IOTA also does not charge any transaction fees and claims to have solved scaling problems, like delays in the network due to block congestion, related to BTC. IOTA usage is expected to simplify transactions and processes involving objects that have sensors. A simple example of a use case is that of an IOTA-enabled vending machine, that can dispense soda without involving the associated transaction costs and latency of bitcoin.

List of 2 best IOTA wallets in 2020

The top 2 IOTA wallets in 2020 are:

  •  Ledger Wallet 
  • Trinity Wallet

#1 IOTA Wallet Ledger

Another one that falls under the list of top IOTA wallets, 2020 is IOTA wallet Ledger Nano S, which became popular as the hardware wallet. The Ledger Nano S hardware wallet will enable users to protect the private keys giving access to their IOTA tokens in a state-of-the-art secure chip. The Ledger hardware wallets integrate with the IOTA Trinity and Romeo Wallets and isolate user’s seeds (the key for their account) from their computer or smartphone, providing another layer of security from hackers. Users will be able to validate transactions on their Ledger hardware wallets as part of the security protocol.

Security is what it makes this wallet might fall into the top IOTA wallet category once it's launched. It includes 2-factor authentication, a secured and safe PIN code, and recovery seed accessibility. It has a built-in OLED screen, wherein you can check the transaction details with a double-tap button. IT is one of the best and secure IOTA wallets, investors can use it without any fear.

Click here to access IOTA Wallet Ledger

#2 Trinity Wallet

It is both a mobile and desktop-friendly wallet, which is very user-friendly, with all the upgraded technologies. Tasks are automated, all you need is to enter the correct address and amount, Trinity takes care of the rest. Trinity is a well-secured wallet, which protects you in every step. The setup process is, and you can create a backup of the wallet. Trinity is available on both android and iOS versions. For desktop, it supports Windows, Mac, and Linux and is one of the best IOTA wallets online.

They might add some features including multiple languages, primary or expect mode, and the ability to print an IOTA paper wallet, making it one of the best IOTA wallets Mac. 

Click here to access IOTA Wallet Trinity

CoinSwitch enables businesses to convert over 300 cryptocurrencies with our powerful Fixed and Dynamic rate APIs. CoinSwitch exchange APIs are being used by many top cryptocurrency wallets across the globe like Trezor, Exodus, imToken, Guarda etc. Are you interested in providing your users an option to exchange coins within the wallet? For more information please reach out to partnership@coinswitch.co or refer our API documentation.

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CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through the global exchanges like KuCoin, IDEX, Changelly, Cryptopia, ChangeNow and Changer without creating an account on them. If you are interested in buying cryptos, do give it a try!

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