"This is because of the network congestion which is mostly due to delayed transactions and long que in the transaction clearance for that altcoin. HELP! I cant withdraw my IOTA from binance because it says withdrawal suspended. In this example I will show binance but every other exchange will be roughly the same. īE SURE TO DOUBLE CHECK YOUR DEPOSIT ADDRESS!!! When sending your IOTA to the wrong address your funds are 99% of the time lost. You can find information about addresses and/or any other transactions on. Might be important to leave some information down on your will or in another way in case of (sudden) death.Īfter writing it down you'll need to verify your recovery phrase to make sure you wrote it down correctly.Īfter you have your wallet you have your address you can send your $IOTA to. Giving someone access to your 24 word recovery phrase is like putting money in front of someone and hoping they won't take it. ![]() You hear a lot of stories about people losing their 24 word recovery phrase so I'd recommend writing it down on 2 pieces op paper and store these in a safe place (since it's small it's fairly easy to hide, which makes it also fairly easy to lose), hence the tip of writing it down twice. My advice is to not save your 24 word recovery phrase on your desktop / mobile phone, but on a physical piece of paper. My advice is to transfer your $IOTA to your wallet rather sooner than later, since mobile wallet is gonna get some attention.Īfter setting up an account + pincode the most important step comes, backing up your wallet. IOTA is working on releasing a mobile wallet. For now you can only download it on Windows / MacOS / Linux. This is stupid because there is no reason to not have $IOTA under your own control in your own wallet like you do with FIAT. If for any reason the exchange gets hacked or goes bankrupt, they have all your $IOTA. The best place for your $IOTA to be is in your own wallet. For this reason I'd recommend doing it rather sooner than later. Since I'm almost certain that there will be alot more congestion to come once staking through firefly wallet begins. r/CryptoCurrency.įirst of all, staking is not live yet! But since lots of people are already experiencing withdrawal problems I thought I'd make an explanation. Posts that are not related to IOTA can be made elsewhere, e.g. This includes, but is not limited to, no: personal attacks, threats of violence, slurs, trolling, profanity, posting people's private information (doxxing). No buying/selling of iotas on Reddit (only trust the listed market exchanges) scammers may try to scam you! Report any scammers to mods here. Related Subreddits: r/IOTA / r/IOTAsupport / r/iotaTipBot / r/IOTAmemes / r/CryptoCurrency / r/CryptoCurrencies Rulesįor discussion of non-market-related IOTA topics, visit r/IOTA. Supply & Units: i./lsq4610.jpeg / i./Y6zOB5G.jpg IEN Application: goo.gl/forms/OrrXmhu1rKfy2dgp2 InformationĮcosystem Fund: /iota-ecosystem-fund-2-millionĪMA: r/Iota/comments/6hugtq/ask_us_anything IOTA is focused on being useful for the emerging machine-to-machine (m2m) economy of the Internet-of-Things (IoT), data integrity, micro-/nano- payments, and other applications where a scalable decentralized system is warranted. Further, unlike blockchain architecture, IOTA has no separation between users and validators (miners / stakers) rather, validation is an intrinsic property of using the ledger, thus avoiding centralization. Scaling limitations have been removed, since throughput grows in conjunction with activity the more activity, the more transactions can be processed & the faster the network. ![]() IOTA uniquely offers zero-fee transactions & no fixed limit on how many transactions can be confirmed per second. The IOTA Tangle is a quantum-resistant Directed Acyclic Graph (DAG), whose digital currency ' iota' has a fixed money supply with zero inflationary cost. ![]() IOTA is an open-source distributed ledger protocol launched in 2015 that goes 'beyond blockchain' through its core invention of the blockless ‘Tangle’. For discussion of non-market-related IOTA topics, visit r/IOTA Please focus discussion on IOTA investment, trading, and market-related activity.
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