Wondering WTF to Do with Your IOTA Now that Bitfinex is Giving Americans the Boot? Read this Informational Thread on How to Download and Set Up Your IOTA Light Wallet!

in #iota7 years ago (edited)

I have been worried about my Bitfinex Account (which will soon be deleted against my will).

In case you haven't heard this unfortunate news already, you have to find something to do with the coins you (may) have on BitFinex if you live in the USA... They're giving us the metaphorical, yet fairly physical "boot". Unfortunately, there aren't any solid places to get IOTA as of yet, so this means Americans have until November to not only BUY but also STORE their IOTA, until there is another exchange which releases IOTA as an option. This means uncertainty, and you know we like to minimize uncertainty!

I believe IOTA is going to be a power coin, and I remember how freaked out I was when my friend mentioned it the day the ICO first started getting hyped. Hundreds of millions of dolalrs raised in one day, causing IOTA to shoot up into the top 10 almost instantaneously! I believe this is because they don't run on a blockchain, but on a (seemingly) unique system called the Tangle. I think IOTA is going to zoom past were it's at right now, occupying one of the top positions of the market cap due to the fact that is has ZERO FEES and is QUANTUM RESISTANT, 2 things which will soon be VERY hot topics!

What do you think of IOTA? Did you know BitFinex may be screwing you over soon? Lol :D They say you shouldn't trust exchanges. This is true. You should DEFINITELY not trust exchanges which are guaranteeing that they're gonna screw you over!!! :D So, just like I recommend with getting your LTC, ETH or BTC thru Coinbase (or Gdax) and then IMMEDIATELY sending them to another wallet, you're going to want to do the same with your IOTA and any other coins you have on BitFinex (Especially if you live in the USA)! If you need somewhere to store your IOTA, read this thread: https://forum.iota.org/t/idiots-guide-to-setting-up-the-light-wallet-on-windows/1317

Here ^ they explain in the 2nd comment exactly how to download and setup your IOTA Light Wallet! This is where you can store your IOTA until we have better options!

Please let me know if any of this is confusing for you (: Here to help!

If you found this interesting or insightful and want to support your local international decentralized activist, please consider showing me some love with your glorious upvote or perhaps the coin of your choice, of which, I accept many in donation form 💪🏽❤️

Life can be hard for a guy like me, so your help is greatly appreciated! 🙏🏽
Bitcoin - 3EckeqFJFYjyg9pahRtEE3KNuhHFR56Hn8
Bitcoin Cash - 1Co1z8cLrHGDrw9byogwZJMTTwryuvcWex
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Dash – Xu3D4yEG7gqfhW813m21vK7RzkBcWtbt4k
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Iconomi - 0x5ef8bd06ab379090f0b2b9fdfe6edb849049cd6f
IOTA - ISFWIVQFGTZYWZJV9DDOWYIPBQUDYITOICTXVAFPPWLSATVXYMG9PFOUYXPXGAUELSCHWUUHAM9MVPQZFVZWYNMBUV
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Stratis - SfkgZ3ns9umfhnStKkoeaBtxgZ1DPXeQXW
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Wishing you all lots of love in life,

Alex

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Good to know. Have you heard of WCX? It's going to be a new digital currency exchange with LOW fees that is also issuing a WCX Token that entitles holders to their share of 20% of the revenues generated by the exchange. If you use my link you can get 50 WCX Tokens worth $5 at their ICO on Oct 1. Check it out: WCX

That's really interesting, is the exchange going to be Live after October 1st?

WCX = Danger. The U.S. SEC and the Chinese Gvt. will slit WCX backers' throats because this fluffy and overhyped ICO will be considered a scam and WCX deemed to be "unregistered securities" -- which they are. More on that if you don't believe me... Wanna end to end up in jail as an enabler?

You use pretty strong language. How is this any different from any other ICO?

Love right back, best of luck.. so sorry to hear. Yes save in their wallet and save for one day, hopefully bittrex picks it up I hear great things about IOTA.

Yeah that would be huge, if Bittrex added IOTA! I think every exchange will eventually offer it, but it'll most likely be added to 1 at a time.

I've used the light wallet for a while now with no issues. Now if I ever want to SELL IOTA, that's another matter. Maybe Bittrex will add it eventually.

I think it'll skyrocket once a bigger exchange announces it. I'm glad I will be HODLING at that time 😄🙏🏽💻

IOTA has come a long way. I am sure that indeed the price action will be positive once IOTA and the wallet are in a stage that more exchanges are willing to list it. For now, it is in the accumulating phase IMHO.

I think it'll be huge once they release a mobile wallet like Android or IOS. I'd really love that!

Actually there already is an (unofficial) Android wallet available for IOTA.

Where there is love there is life.

- Mahatma Gandhi

very informational thread...
upvoted....!!!

Glad it helped (:

This is why i'm long on DASH, and trying to create a real P2P decentralized exchange. You see all these exchanges really behave like banks with rules and limits...if we're looking at a true decentralized architecture there is no need for exchange companies that control your keys, it must be P2P.

Yeah I like the idea behind DEXs but they've already been done. The ones I know of are Bitshares and the Waves DEX.

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