Post
Topic
Board Announcements (Altcoins)
Re: IOTA
by
e-coinomist
on 02/09/2017, 11:53:01 UTC
anything new happening in iota, i got over 21000 miota
Well, depens on when the last time was you checked about IOTA. Have you done the latest wallet upgrade and transition?

I have all my IOTA's on Bitfinex at the moment but would love to get them into a wallet. What is the best way to do this at the moment?



Best way is to download the IOTA ledger client (https://github.com/iotaledger/wallet/releases)
Generate a seed (depens on os but you can find tutorials all over the internet  ex(https://iotasupport.com/gui-newseed.shtml)

And transfer your IOTA from Bitfinex to your wallet address (not your seed !)

Addresses are by far longer than 81 characters. There is a checksum appended.
But this unrecoverable mistake can indeed happen!

Solution: add some prefix into the gui, like http urls. Make that gui to present (and accept) addresses like IOTA:abcedfghij999
Bitcoin did it right by using it's number 1 in front, and differentiating between wallet passwords and addresses.