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Dec 4 2017 02:34pm
Quote (chelsea11 @ Dec 4 2017 04:30pm)
Btw generating the seed using this is safe right? Nobody has access to my seed do they?


Sometimes it takes awhile to log in on this wallet, and possibly I need to change hosts to get in. Is that normal?
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Dec 4 2017 02:37pm
Quote (chelsea11 @ Dec 4 2017 04:30pm)
Btw generating the seed using this is safe right? Nobody has access to my seed do they?


It should be safe and nobody should have access to it.
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Dec 4 2017 02:40pm
Quote (Golden_Order @ Dec 4 2017 04:37pm)
It should be safe and nobody should have access to it.


Does it seem a bit slow to you?
Also what does "Attach to tangle" mean when I'm trying to receive?
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Dec 4 2017 02:49pm
Quote (chelsea11 @ Dec 4 2017 04:40pm)
Does it seem a bit slow to you?
Also what does "Attach to tangle" mean when I'm trying to receive?


Not sure. I haven't been able to login there in a while. Binance exchange disabled temporally the withdraw option for IOTA. So I'm not able to move my IOTAs to my IOTA wallet yet. I'll check and login tonight when I get home and see if its slow or working fine. I'll let you know.

Attach to tangle puts your previously used address in the tangle (the tangle is like the "blockchain" of the IOTA) so it no longer is used again when generating a new address. Because if you use the same address twice or more you are vulnerable to getting your IOTAs stolen. In other words, just attach the address in the tangle and use different addresses on each transaction for security purposes.
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Dec 4 2017 03:29pm
Do note that if you have any significant amount you want to hold, please use offline wallets for that.

I made my cold storage wallet with armory: https://www.bitcoinarmory.com/
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Dec 4 2017 03:50pm
Quote (Golden_Order @ Dec 4 2017 04:49pm)
Not sure. I haven't been able to login there in a while. Binance exchange disabled temporally the withdraw option for IOTA. So I'm not able to move my IOTAs to my IOTA wallet yet. I'll check and login tonight when I get home and see if its slow or working fine. I'll let you know.

Attach to tangle puts your previously used address in the tangle (the tangle is like the "blockchain" of the IOTA) so it no longer is used again when generating a new address. Because if you use the same address twice or more you are vulnerable to getting your IOTAs stolen. In other words, just attach the address in the tangle and use different addresses on each transaction for security purposes.


Quote (balrog66 @ Dec 4 2017 05:29pm)
Do note that if you have any significant amount you want to hold, please use offline wallets for that.

I made my cold storage wallet with armory: [URL=https://www.bitcoinarmory.com/]https://www.bitcoinarmory.com/[/URL]



Hmm what do you think about what balrog is saying?
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Dec 4 2017 05:48pm
Quote (chelsea11 @ Dec 4 2017 01:50pm)
Hmm what do you think about what balrog is saying?


Cold storage / offline storage is definitely recommended if you have a significant amount of money invested. You can get away with using desktop wallets safely (I would say) if your investment is super small like mine is. Although, even then, offline storage is still better.

Quote (chelsea11 @ Dec 4 2017 11:04am)
Which ones did you like that you invested in? I forget other than iota


I've invested into Stellar (XLM), Siacoin (SC), IOTA (MIOTA), and Ripple (XRP), technically Litecoin (LTC ; only have 1 coin).

Very happy with today as all of these are in the green on Coinmarketcap. :thumbsup:

This post was edited by Handcuffs on Dec 4 2017 05:56pm
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Dec 4 2017 05:50pm
Quote (Golden_Order @ Dec 4 2017 10:57am)
Buy BTC (coinbase etc or localbitcoins.com) or ETH (coinbase etc or localethereum.com), then transfer those BTC or ETH to Bitfinex or Binance (this one is easier to use in my opinion), and then there you can exchange BTC or ETH for IOTA.


Second this. This is how I got IOTA myself. Bought BTC on Coinbase then transferred to Binanace, and then exchanged BTC -> IOTA.
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Dec 4 2017 05:53pm
Quote (chelsea11 @ Dec 4 2017 05:50pm)
Hmm what do you think about what balrog is saying?


Quote (Handcuffs @ Dec 4 2017 07:48pm)
Cold storage / offline storage is definitely recommended if you have a significant amount of money invested. You can get away with using desktop wallets safely (I would say) if your investment is super small like mine is. Although, even then, offline storage is still better.


I use ledger nano (hardware wallet) to store the "significant part" of my investment. The rest (not so significant) I have them in exchanges and localbitcoins and localethereum wallets, and 5 other different wallets.

Edit: also keep some tokens (from ICOs) in MyEtherWallet

This post was edited by Golden_Order on Dec 4 2017 06:10pm
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Dec 4 2017 05:56pm
Quote (Golden_Order @ Dec 4 2017 03:53pm)
I use ledger nano (hardware wallet) to store the "significant part" of my investment. The rest (not so significant) I have them in exchanges and localbitcoins and localethereum wallets.


Yeah, I would use the Ledge Nano S if I ever end up with a significant amount. For now, I use Exodus Eden to hold BTC, LTC and Ripple. My IOTA is on Binance. Sia is on Sia's downloadable UI which comes with a wallet. Then lastly, my Stellar are on Stellarterm.
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