Built to power the Internet-of-Things (IoT), IOTA is a lightweight cryptocurrency that is safe, scalable and low-cost.
Although many cryptocurrency traders and investors are familiar with the benefits and use-cases of blockchain technology, few know that there are other types of [distributed ledger technology (DLT)](http://How to Maximize Security using the Ledger Nano X and Trinity Wallet (IOTA Safety) Built to power the Internet-of-Things (IoT), IOTA is a lightweight cryptocurrency that is safe, scalable and low-cost. Although many cryptocurrency traders and investors are familiar with the benefits and use-cases of blockchain technology, few know that there are other types of distributed ledger technology (DLT) - which have their own unique set of advantages and disadvantages. One of these alternative DLTs is know as 'the tangle', a type of directed acyclic graph (DAG) and a piece of technology that is frequently touted as the successor to blockchain. IOTA is one of the most popular cryptocurrencies to use a DAG data-structure, and as such, benefits from impressive scalability and the ability to facilitate low value transactions at little to no cost. Because of its applications in the Internet-of-Things (IoT), IOTA is widely considered to be a strong candidate for explosive growth in future. As such, here's how to keep yours safe until then. Before you begin: You will need to have an initialized Ledger Nano X hardware wallet, plus the Monero app already installed on your Ledger device. To learn how to install apps to your device, click here. Please note that you will need to have Trinity Wallet installed to complete this tutorial. As it stands, the wallet is available on most major operating systems, including Mac OS, Windows and Linux, as well as Android and iOS for mobile users. Connecting the Ledger Nano X with Trinity Wallet (1) To start off, connect your Ledger Nano X to your computer, enter your PIN to unlock your wallet and then open the IOTA app. Leave the IOTA app running on your Ledger Nano X and open the Trinity Wallet app on the connected computer. (2) With Trinity Wallet open, click the 'Let's get started' button and select the language your wish to use with your wallet. Accept the user agreement and privacy policy and click the 'Create a new Ledger account' when provided the option. (3) On the subsequent screen, Trinity Wallet will ask you to select a Ledger account index. If you have multiple IOTA seeds, then select the index that corresponds to the seed you wish to use with Trinity Wallet. If you're planning to use IOTA for the first time, then it doesn't matter which number you enter. Click 'Continue' after selecting your seed index. (4) You will then be able to name the seed you just selected. This will help you identify this seed later should you ever need to recover your wallet, or if you use multiple IOTA accounts. Choose a name you will recognize, then click 'Continue'. (5) Choose a secure password, and click the 'Continue' button. Then click the 'Open your wallet' button to open your newly created wallet. This make take up to a minute as Trinity Wallet loads your seed for the first time. Tip: Make sure this is something memorable, as you will need this to log in to Trinity Wallet in the future. (6) Once loaded, you will then be able to access and manage your IOTA balance. Note that you will need to sign off on transactions using your Ledger Nano X if you wish to send payments via Trinity Wallet. For more information on using the Ledger Nano X with third-party wallets for each unique cryptocurrency, click here.) — which have their own unique set of advantages and disadvantages.
One of these alternative DLTs is known as ‘the tangle’, a type of directed acyclic graph (DAG) and a piece of technology that is frequently touted as the successor to blockchain. IOTA is one of the most popular cryptocurrencies to use a DAG data-structure, and as such, benefits from impressive scalability and the ability to facilitate low-value transactions at little to no cost.
Because of its applications in the Internet-of-Things (IoT), IOTA is widely considered to be a strong candidate for explosive growth in the future. As such, here’s how to keep yours safe until then.
Before you begin: You will need to have an initialized Ledger Nano X hardware wallet, plus the IOTA app already installed on your Ledger device. To learn how to install apps to your device, click here.
Please note that you will need to have Trinity Wallet installed to complete this tutorial. As it stands, the wallet is available on most major operating systems, including Mac OS, Windows, and Linux, as well as Android and iOS for mobile users.
Connecting the Ledger Nano X with Trinity Wallet
Update your Ledger Live application:
- Ledger Live
- Ledger Wallet
(1) To start, connect your Ledger Nano X to your computer, enter your PIN to unlock your wallet and then open the IOTA app. Leave the IOTA app running on your Ledger Nano X and open the Trinity Wallet app on the connected computer.
(2) With Trinity Wallet open, click the ‘Let’s get started’ button and select the language your wish to use with your wallet. Accept the user agreement and privacy policy and click the ‘Create a new Ledger account’ when provided the option.
(3) On the subsequent screen, Trinity Wallet will ask you to select a Ledger account index. If you have multiple IOTA seeds, then select the index that corresponds to the seed you wish to use with Trinity Wallet. If you’re planning to use IOTA for the first time, then it doesn’t matter which number you enter.
Click ‘Continue’ after selecting your seed index.
(4) You will then be able to name the seed you just selected. This will help you identify this seed later should you ever need to recover your wallet, or if you use multiple IOTA accounts.
Choose a name you will recognize, then click ‘Continue’.
**(5) **Choose a secure password, and click the ‘Continue’ button. Then click the ‘Open your wallet’ button to open your newly created wallet. This make take several minutes as Trinity Wallet loads your seed for the first time.
Tip: Make sure this is something memorable, as you will need this to log in to Trinity Wallet in the future.
**(6) **Once loaded, you will then be able to access and manage your IOTA balance. Note that you will need to sign off on transactions using your Ledger Nano X if you wish to send payments via Trinity Wallet.
For more information on using the Ledger Nano X with third-party wallets for each unique cryptocurrency, click here.
