In this guide you’ll get information about where to buy IOTA, if you are planning to buy MIOTA – You’re in the right place!
IOTA as cryptocurrency is used to combine IOT with blockchain technology. With this blockchain, devices with IOT will be able to do transaction which will help to increase the development of IOT globally. The IOTA transaction could be done free and it can be done even when offline. It is first developed in 2011 and the company is officially launched in 2016. It uses Tangle as the technology on their IOT operation which can be used for free with P2P base.
Soon, everything in our life will be connected through the internet. And, IOTA (MIOTA) is a platform that will facilitate those changes. It uses a huge network to create a connection between machines, so it can support the smart concept where many aspects are integrated with an autonomous system.
- Official Site: https://www.iota.org/
- Twitter: https://twitter.com/iotatoken
- Reddit: https://www.reddit.com/r/Iota/
- Bitcointalk: https://bitcointalk.org/index.php?topic=1216479.0
- White Paper: https://www.iota.org/research/academic-papers
Table of Contents
IOTA (MIOTA) Features
- Free transaction. IOTA transaction does not need any fee on the network which means users will get effective value from their token.
- Tangle. IOTA powerful technology that is used to do various IOT operation within the blockchain network which can be used for free.
- Efficient payment. The IOTA payment will only be done when transaction had been confirmed by the initiator which makes it more efficient and no fee needed.
- Secure. The confirmation from IOTA payment will be spread throughout the blockchain network for more secure transaction.
- Open source. IOTA using open source for the protocol on HTTP so developer can distribute and developed it to create better WWW.
- Data integrity. IOTA focus on data integrity layer to create smart technology.
Where to Buy, Sell and Trade IOTA aka MIOTA
You can basically use debit card, credit card, or even PayPal to buy the IOTA (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the IOTA as the exchange.
With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to IOTA. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.
In general, the process would be:
- You go to the online exchange and buy the Ethereum or Bitcoin
- Find a crypto exchange that supports IOTA currency and exchange your Ethereum or Bitcoin with the IOTA
- Store your IOTA to a secured wallet
That’s the first step in buying IOTA, once you get your Bitcoin or Ethereum, you can continue to the next step.
Choosing the Best Cryptocurrency Exchange for Your Investments
After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.
With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.
These are the best exchanges we can recommend for you to exchange BTC or ETH with IOTA:
Binance is the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.
- Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
- Trading Pairs: 1189+
Bybit is a leading cryptocurrency exchange offering a secure and efficient trading platform for digital asset enthusiasts. Founded in 2018, it specializes in derivatives trading, including perpetual and futures contracts, with high leverage options. Known for its user-friendly interface, Bybit caters to both novice and professional traders. The platform provides advanced tools, including charting and risk management features, ensuring a seamless trading experience. Bybit also supports spot trading, staking, and passive income opportunities. With 24/7 customer support, robust security measures, and a reputation for reliability, Bybit has become a popular choice for crypto traders seeking innovation and transparency.
- Deposit Methods: Cryptocurrency, Credit/Debit card, Third-party payment services, Peer-to-Peer (P2P) trading
- Fiat Currencies: USD, EUR, GBP, JPY, and 60+ more
- Supported Cryptocurrencies: BTC, ETH, XRP, LTC, DOGE, and 300+ more
- Trading Pairs: 500+
MEXC is a global cryptocurrency exchange platform known for its user-friendly interface, extensive range of listed cryptocurrencies, and innovative features. Established in 2018, MEXC provides trading services such as spot, futures, and margin trading, catering to both beginners and advanced traders. The platform supports a wide variety of altcoins, often listing new and promising projects. MEXC is popular for its high liquidity, competitive trading fees, and robust security measures, including two-factor authentication and fund protection protocols. It also offers staking and earning opportunities through its launchpad and DeFi integration, making it a versatile choice for crypto enthusiasts worldwide.
- Deposit Methods: Bank transfer (ACH), Cryptocurrency, Debit card, Wire transfer
- Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & more
- Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & over 2,700 others
- Trading Pairs: Over 3,000
IMPORTANT! Once you are registered to any of the above, find the BTC/MIOTA or ETH/MIOTA trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.
Step 3: Managing Your Crypto Assets in a Secure Wallet
As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.
You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.
There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.
For Securing your IOTA (MIOTA) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor
LEDGER NANO-X: Securely trade on-the-go and manage a large number of assets at the same time, with only one device.
- Secure
- Mobile Friendly
- Easy to Manage
- Supported Coins: 1200+
TREZOR MODEL-T: The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.
- Invented for your digital independence
- keeps your keys safe
- Easily back up your entire wallet
- Supported Coins: 1093+
Frequently Asked Questions (Faqs)
Can I Buy IOTA (MIOTA) with PayPal?
You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the IOTA. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.
Can I Buy IOTA (MIOTA) with Cash?
You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:
- Make sure you have a BTC / ETH wallet before you buy from seller
- Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.
Can I Buy IOTA (MIOTA) with Skrill?
You can’t buy MIOTA directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to IOTA. You can buy BTC/ETH with skrill by using these exchanges::
- Paxful
- LocalBitcoins
- Virwox
- Paxful
- SpectroCoin
- Lykke
- Exmo
- Coingate
Can I Buy IOTA (MIOTA) with Bitcoin?
Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/MIOTA and begin the transactions.
Can I Buy IOTA (MIOTA) with Ethereum?
Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/MIOTA trading pair.
What Is the Best Payment Method to Buy IOTA (MIOTA)?
The cheapest way is to use bank account to buy Bitcoins first or to buy the IOTA right away. The fastest way is to use a credit card but you will then be charged higher fees.
How to Protect IOTA (MIOTA)?
Once you have purchased the IOTA, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:
How to Sell IOTA (MIOTA)?
Find a crypto exchange which allow pairing MIOTA with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.
Can I Mine IOTA (MIOTA) and Not Buying It?
You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a IOTA is to buy it from a reliable exchange.
Conclusion
IOTA as cryptocurrency offer benefit to the users since there is no fee for the transaction as the payment will only be done when the transaction already been confirmed. Furthermore, with open source for the protocol, the development can be done by everyone which make it faster and better. This is why, people who want to get the benefits must try to learn how to buy IOTA as the data will become more secure since it is run using blockchain technology.
