How to Buy IOTA Cryptocurrency

The method for buying IOTA is pretty much the same at all these exchanges. Since IOTA cannot be bought using fiat currency yet, the only way to buy it is via Bitcoins or Ethereum. If users do not have either of those but still wish to buy IOTA, they need to go to the exchanges and buy Bitcoins or Ethereum first. Before buying IOTA, you may be interested in this guide:

What is IOTA Cryptocurrency and How Does It Work

Asked on September 14, 2018 in Cryptocurrency.
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Buy IOTA Coin – Step by Step Guide

Step 1 – Register on the exchange and enter your details. You will then have to verify your email address. This is done by clicking a link in the email the exchange will send you once you enter your details.

Step 2 – Once your account is verified, you need to deposit funds into your account on the exchange. If you already own Bitcoins or Ethereum, transfer them to your account on the exchange. Generally, IOTA cannot be bought with fiat currency, so if you don’t have any cryptocurrencies, you will need to buy them. Make an account on an exchange like Coinbase and buy the Bitcoins you want to use for IOTA.

Step 3 – Once your bitcoins are added to your account on the exchange, you will be able to trade them for IOTA. You need to select the correct option to trade, which should look like IOTA/BTC or IOTA/ETH.

Step 4 – You will then get the option of buying IOTA using the amount you have added to your account. Simply select the amount you wish to buy and confirm the transaction. The IOTA will then be transferred to your account as soon as the exchange processes the transaction.

Answered on September 14, 2018.
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List of IOTA Exchanges

As of right now, only the following exchanges list IOTA –

  • Bitfinex
  • Binance
  • CoinSpot
  • CoinFalcon
  • Bit520
  • Exrates
  • OKex

Of all these exchanges, the most reliable ones are Bitfinex and Binance. However, Bitfinex is no longer accepting users from the US, so Americans need to use one of the other options.

Answered on September 14, 2018.
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