Weekly E-mails:  Crypto Trading Strategy 5 Weeks of Onboarding Reads. Latest Airdrops (Thu 7 AM EST). Or all of it.

Dismiss   Pick Your Preference
This site uses cookies (More).


IOTA Snapshots - #CryptoTrading

IOTA snapshot is typically the culprit when you check your IOTA wallet and find zero balance. Updated with the info about reused receiving addresses.
User Guide     · [altcoins]  · Author: KarlVonBahnhof

For a guide to securing your IOTA storage go to the Security section.

If you don’t care for the fluff skip right to the zero-balance fix.

First things first - it’s a regular fixture on IOTA subreddits to see people panic over their zero balances in the IOTA GUI wallet. Unfortunately one of the first links that come up in Google when you start asking is a link to a Reddit post where someone mentions an excerpt out of context:

if you don’t claim your IOTAs during snapshots, i.e. transfer the tokens from the old database (before the snapshot) to the new one (after the snapshot), you will lose all the IOTAs stored in your seed.

This however comes from an older version of the IOTA development roadmap and was only addressing people who bought in during the crowdsale. They needed to claim their IOTAs before the first snapshot. There is no need to claim IOTAs now.

The snapshots however are a regular thing and so are updates of the IOTA wallet.

If you have the GUI wallet you must have downloaded it from Github from the latest release section. You downloaded it manually, not with a package manager and not from an app store, which means you will also have to do updates manually.

Generally, the first thing you should do if your IOTA wallet starts showing zero balance is to check the release page at github.com/iotaledger/wallet/releases/ and your wallet version. Download and replace your wallet software before proceeding with getting rid of the glitch.

What are IOTA snapshots

Snapshotting occurs in IOTA from time to time. It is done to prevent the tangle from becoming too big (like Ethereum’s - the ETH blockchain has a different solution for this though). During the snapshot all balances are saved - the only time it was different was the very first snapshot where crowdsale investors needed to claim their IOTAs and some other early snapshots.

The network design has since been changed and manual claiming for coins in current seeds is no longer necessary. There is no claim function in the IOTA wallet 2.5.1 but if you have old forgotten IOTAs on an outdated IOTA seed (not one only made of letters and 9s) you might still need to claim them. Do that on the IOTA Slack or via email to david@iota.org.

You should still follow IOTA development because claiming might be needed in the future if there’s a substantial code change. Sadly with IOTA you cannot really buy and hold, having forgotten you bought, but that is not because of the snapshots.

So during the IOTA snapshot balances stay in place - what is destroyed during the snapshot are the transaction data. The history is removed, it starts from scratch again, but balances stay where they were before the snapshot.

The only complication from a user point of view is that their wallet’s addresses start from fresh too - like they never have been attached to tangle. The tangle can’t see them until you attach the addresses back to it.

So finally for the fix.

Since the IOTA wallet release v2.5.6 in December 2017 the problem with reattaching should be diminished as the devs added a “promotion” feature to the wallet. That applies mainly to failed unconfirmed outgoing transactions but generally in the future the reattach feature should disappear.

How to fix IOTA wallet zero balance issue

  1. Make sure you have the latest version of the IOTA wallet.
  2. Log in with your seed. – More on IOTA seed generation.
  3. Click receive to generate your receiving address.
  4. Click ‘attach to tangle’ and wait for the process to complete.
  5. If the first attachment didn’t fix the issue, go to ‘Tools’ - ‘Edit Node Config’ - ‘minWeightMagnitude’, set the value to 14, save and attach again.
  6. If the attaching takes longer than 10 minutes you should change to another node.

You can try attaching to tangle for as long as you want, eventually your balance will show up. If you skipped the previous part: Your IOTA coins are most likely not lost, the zero balance is just a result of the regular snapshots.

If you have lost your balance and reattaching doesn’t work, it might be a more serious issue. Check the receiving address your wallet generated in an IOTA explorer (thetangle.org or iotasear.ch) to see if there are any outgoing transactions. If there are some, it means the address was used for sending before and is not a safe receiving address. Always check your address like this before you send in some new money to an address. Apparently after snapshots the IOTA wallet sometimes generates addresses that had been used before, if there are outgoing transactions it will drain your IOTA. Here’s a thread on r/IOTA about the issue.


Last added to Crypto Airdrops, Bounties & Opportunities
Name Date How to access Official URL Additional Info
PRIMEDICE 🔥Birthday Crypto Bonus May 12 - May 19 2020 Registered Primedice accounts are getting a VIP bonus every day for the next seven days. This Primedice bonus campaigns is released to the occassion of the 7th birthday of the dice platform. details make acct
OKEx Crypto Signup Bonus Bonus for Signup OKEx, formerly called OKCoin and known as OKCasino, was the BitMEX of 2015 but has fallen out of favour since. They are now running a similar campaign as Coinbase did to get their signup rates up: If you sign up and buy 100 USD worth of BTC, you get 10 USD bonus. details make acct
Cloudbet Turbo Thursday Reload Bonus Every Thursday between 05:00-23:59 UTC Make a deposit of 0.1 mBTC or more today, Cloudbet gives you a 100% Reload Bonus of up to 50 mBTC/1 BCH. Remember you must activate the bonus in your player dashboard before making a deposit for the bonus to be credited! The bonus is only available for the Casino, not the Sportsbook. details make acct
CPD project airdrop to BTC holders At BTC halving block CPD project airdrops tokens at BTC halving to anyone who signups with an ETH address and submits a BTC address that is verified via a signed message. The project aims at creating less monopolized internet environment for innovatiove development. details make acct
Ethermon.io ChainGuardians Discord Airdrop and Signup Bonus April 2020 Ethermon announced on Apr 13 that some of their Mons will be part of a new blockchain RPG game developed by ChainGuardians. There is a discord promo for this launch: On the launch date of the ChainGuardians Official NFT Sale, 150 EMONT will be airdropped to the first 10 people who post a screenshot on Discord fighting a Zedakazm within the ChainGuardians RPG along with proof of purchase (TXID)of any ChainGuardians bundle. The signup bonus is to play ChainGuardians game logged in via an anonymous identity from SafeName.io. You get 100 FREE CGC valued at 0.05 ETH, the link to claim is at the page where you land after confirming your email. Signup at Ethermon Go to Safename.io
Blockstack Free crypto airdrop Jan - Feb 2020 The webwallet blockchain.com is giving away free Stack $STX crypto to their Gold users. The Gold level requires an ID scan and selfie. details make acct
New non-custodial anonymous peer-to-peer Bitcoin trading Opened 19 Nov 2019 If you miss the heyday of LocalBitcoins where anyone could buy BTC locally for cash (which has been banned since this summer) and anonymously (now site-wide KYC is required, plus allegedly LocalBitcoins have been working with three-letter agencies), since 19th November you have the chance to go back in time and buy your corn without ID again - at least for some time. You know that good things like this don't last ... The former ETH marketplace LocalEthereum rebranded to LocalCryptos and offers local and anonymous BTC trading with fully automated escrow that is built natively on BTC blockchain - because bitcoin's smart contract scripting capabilities are good enough for simple stuff like escrows. You can even import your vendor reputation from LocalBitcoins. The reputation import is done via adding a unique code to your LBC profile page, not by linking anything directly, but still in case you like your privacy it's probably only a good idea id you never ID'd on LocalBitcoins. details make acct
Crypto Flowers dApp Game event 12 - 22 Dec 2019 Play the Crypto Flowers TRON version of the dApp game any time between 12 and 22 December to enter the Prize Pool of 100`000 TRX. Just collect and breed flowers and have a chance to win prize pool, no special action needed. details make acct
POOL-X exchange listing promo Daily until listing POL has a random twitter draw of users who post a POOL-X graphic design every day until their token listing on the KuCoin exchange. You need to sign up via Google form and have a KuCoin account. form make acct
Verasity New Triviata Competition November 5 at 00:00 UTC - November 20th 00:00 UTC Verasity is a token-based platform for the attention economy. They always engaged a lot with the community and organized several airdrop and competition campaigns so far. The current two-week campaign relates to the Triviata app (iOS/Android). Sign up and enable your game participation in the app profile, and you get the chance of winning prizes with 4000 USD in total. Even if you don't win though, participating will earn you tokens that can be staked in the official wallet for over 30% yearly earnings. join about
Bethereum Price Pool on VK November 2019 There are regular competitions with the total pool of prizes worth 40K Bether if you join the gaming platform's VK channel. details make acct
Brave New Coin Challenge Until the end of the year The crypto market data provider is giving away small amount of their tokens if you add people to their telegram group. register telegram
FanEspo Big Competition (ERC20) All the time Fanespo is launching a new promotion contest worth $500 in FAN tokens. Details will pop up on you when you sign up on site. Overall, the eSports platform FanEspo is giving away the total of $1.6 million of tokens in contests. You need to have a FanEspo account. details make acct
Atomars Opportunity Launch promo There is a new altcoin axchange launched that now offers zero-fee trading, and possibly thinner markets for the market makers around. details make acct
Keybase Stellar Lumens Drop 11 September 2019 & Onwards The Keybase team announced a surprise airdrop worth 21 USD in XLM to all account holders who ever installed the Keybase app. To get the Lumens, you need to sign in again and claim them - you should have received a bot message with instructions. Keybase has been funded by the Stellar Developer Foundation for years and so this collab is not a one-off. You can choose to keep participating in the Lumens airdrop by using Keybase, the total dollar worth each user can get is 500 USD. New accounts can still participate as long as they have a Github or HackerNews account created before 9 September 2019. more join
BlockWage Airdrops + Bounties Recurring Platform for freelancers marketplace. Airdrops randomly announced via Discord, there's also the possibility of Masternodes. join web
Vaultoro Token Launch Promo September 2019 The crypto-gold exchange Vaultoro has been around for years, getting attention in the 2015 bear market and tagging along through the subsequent bull run. They are now launching their own exchange token which you can get for free if you don't have an account yet. Every new sign up with basic ID verification gets 200 VAULT tokens. homepage make acct