Topic: Guide: How to buy IOTA (Read 134 times)

Hello guys,

Since IOTA (MIOTA) is performing so well, some people ask how to buy IOTA, where to get it and so on. In addition, I think that now is a great time to get some because of a DIP. So I decided to make a simple and short guide on how to do that. I hope you'll find it useful and helpful. Also, feel free to ask or leave any comment or a suggestion. Thank you in advance.

1. IOTA can be traded at few trading platforms - Binance and Bitfinex. This time I'm writing about Binance because some people faced issues with Bitfinex lately. So you need to register there and open an account. It's really simple. Just go to Binance (non affiliate link: Binance) and find a Register button:

https://preview.ibb.co/c9Du4w/0.png


Remember that this exchange doesn't require any verifications and paperwork for up to 2 Bitcoins withdrawal per day. I think that's more than enough.


2. Then you must to make a deposit. Find a button Funds and click on the Deposits Withdrawals.

https://preview.ibb.co/d5cyWb/1.png


3. There are only two trading pairs available which include IOTA - it's Bitcoin (BTC/IOTA) and Ethereum (ETH/IOTA). So you've to decide which cryptocurrency will you choose. As you may know, now Bitcoin fees are extremely high, so Ether would be probably a smarter choice now. Click on Deposit near a selected currency.

https://preview.ibb.co/ndtGHG/2.png


4. After funds are deposited, it's time to go further and get some IOTA! Find an Exchange button and select which type of trading platform do you want to use. I recommend Basic for beginners as it's more simple and cleaner.

https://preview.ibb.co/nAJixG/3.png


5. Now when you're in trading platform, select the currency with which IOTA will be purchased. BTC, ETH, BNB (Binance Coin) or Tether. As I mentioned before, now Ethereum is probably cheapest way. And write a coin name which you're going to buy. In this example I wrote DASH just to show how it works and how you can filter any coin you want. So write IOTA there or just browse it without search.

https://preview.ibb.co/kzCyWb/4.png


6. So now you can check it again the full setup of how it looks like (in the screenshot, red squares). Select IOTA and go a little down, check the rate/price if it's okay for you and didn't change,
and enter an amount of IOTA coins which you're going to buy. Now you'll see how much does it cost. If everything is fine just click on the green BUY IOTA button. Otherwise, if you're selling it. You can use Stop-Limit functionality as well.

https://preview.ibb.co/hfrvcG/5.png


That's all. Your order will be filled in few seconds and your IOTA will appear in the wallet.

Binance has disabled withdrawals for a while, but it's not the only exchange which has done that because of IOTA network instability.

Good luck!


Disclaimer: Links here include some affiliate tags which could bring me some financial usefulness. If you don't like that use direct link which is provided in the guide. However, I would be very thankful if you used an affiliate link.