What is a token wallet?

A wallet is a tool to access, transfer and manipulate your tokens on the IOTA network. It gives you a convenient solution to store your secret keys and use them in the network to control your tokens. The wallet knows the private key and the public key of your seed.

What is the GUI IOTA wallet?

The GUI IOTA wallet is a simple solution for storing and sending your IOTA coins. The wallet has two modes “Full Node” and “Light Node”, which you will be prompted to select during the first setup. This means that this wallet is suitable for both an advanced user and a green hand on their first crypto voyage.

What is 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.

Are iota wallets safe?

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.