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How to start with IOTA

There are a lot of doubts on how to start with a IOTA wallet (we are talking about cryptocurrencies here). So I wrote this quick guide which got me started, sharing it with you all as it might also help you:

1 – Download the official IOTA wallet from GitHub: https://github.com/iotaledger/wallet/releases

2 – Once installed, you will be prompted for your seed, this is a very long unique generated string of letters and number 9, this is basically your wallet so keep it in a safe place and dont share it with anybody.
You can generate your seed:
    – On Mac: open Terminal and paste: cat /dev/urandom |LC_ALL=C tr -dc ‘A-Z9’ | fold -w 81 | head -n 1
    – On Linux: cat /dev/urandom |tr -dc A-Z9|head -c${1:-81}

Source: https://iotasupport.com/gui-newseed.shtml (Not an official IOTA website I understand). No clue how to generate a seed on Windows to be honest, if you find a safe way please share it so I can update this post.

3 – Once your seed has been generated paste it on the wallet and wait a bit. Then you should see a “Balance 0” once its ready to send or receive funds.

You can receive IOTA’s by generating a Receive address and by attaching it to the Tangle (similar to blockchain). Make sure you see the “Address Attached” message before doing anything with it.

4 – You can check this video for an overall view on how it looks, the only thing that didn’t work for me from this video is how he generated the seed.

5 – More information on IOTA and what makes it so special, check the  IOTA FAQ official website: http://learn.iota.org/faqs

6 – If you want to start with transactions you need to use Binance.com or Bitfinex.com. Maybe in the future other traders start working with it too.
You will need to buy a main Crypto currency like Bitcoin or Etherum to be able to trade it for IOTA.

Note: No, you cannot mine IOTA 🙂

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Web + Tech Junkie = Geek. IT Solutions Specialist and entrepreneur. Process improver fan, food lover and blogger. I try to write about different technology topics in this blog.

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