When I first got into crypto the talk was all about IOTA. Interesting project with a great concept. I really believed in the opportunity of it at first. I wen on Binance and bought some.
When did the problems start?
I down loaded the wallet, had a SEED created then transferred my funds to it. The wallet is completely terrible. Very hard to figure out how to use. The funds at times will display "0" with no transaction history. After searching and searching I discovered that I had to reattach to the "tangle". Very difficult to get information on it
How it got worse?
I spent hours and hours trying to retrieve my funds so I made a choice (after ready a lot of IOTAs issues as well) to transfer them back to Binance to sell.
1.First you have to create a new address every time you transfer.
You can't make another transfer until the previous one clears.
Once you hit send it takes several minutes to process. Like 5-10
It takes FOREVER to receive your funds. like 24-36 hrs
If the transaction doesn't come through you have to go back to your wallet at promote the transaction. ( I have always had to do this.
Even though your transaction went through it shows as pending. (Again highly confusing)
When you send one transactions it shows up over and over like you made multiple.
It says I made 41 transfers but I only made 4. (very confusing)
I have no faith in the wallet or the "product" as it is today. Now that may change in the future nut I don't see it going anywhere.
With the chore of holding it, the problems with the wallet, the unstable nods. I would not recommend holding this coin. Now if you what to trade it for some profits that's a better plan.
Hope this helped those who are new to Crypto. As always do your own research.
Not finical advice.
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