Securing IOTA
Leaving tokens on an exchange can be risky. Store your IOTA Tokens in a secure wallet.
Secure Your IOTA With Firefly
Firefly is IOTA's official wallet. It provides a user-friendly and secure way to manage your IOTA tokens.
Firefly is currently available on Mac, Windows and Linux.
Third-Party Hardware
Firefly supports Ledger Nano S and X hardware devices. Ledger Nano helps to secure your funds by creating a boundary between your private keys and your computer. You can read about how to migrate your tokens from the old IOTA network to Chrysalis and read about general use of your Ledger with Firefly.
About wallets and 24-word recovery phrases
Your 24-word recovery phrase is the master key to your IOTA tokens. You can use it to access your funds with the Firefly wallet on your desktop computer.
Warning: Be sure to carefully copy the 24 words in the exact same order as displayed when setting up your Firefly wallet. Also, it is important to store them in a safe place. There is no way to access your IOTA tokens if your 24-word recovery phrase is lost or compromised.
Things To Remember
Before buying IOTA it is important to take the time to understand how to protect your funds.
You are your own bank
Owning IOTA means you become your own bank. You are responsible for protecting your tokens.
The secret is secrecy
As is the case with all digital assets, the owner must ensure they keep their 24-word recovery phrase safe and backed up.
Possession is ownership
If the 24-word recovery phrase is lost or compromised, there is no recourse. The IOTA Foundation cannot recover lost tokens or 24-word recovery phrases.
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Third-party organizations provide additional support for institutional use cases.
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