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You can buy IOTA, like other cryptocurrencies by using something called a Crypto Exchange. Please click below for guide on how to buy IOTA on the exchange you wish
How to buy IOTA on Binance
It is recommended that you use Binance to buy IOTA. Why? Binance has shown to be the most capable buying platform recently, it has not crashed like Bitfinex and continues to have 100% uptime.
1. Head over to registration page for Binance
. Enter your details. When you click register you will then need to verify your email.
Just in case Binance is not accepting new users. Kucoin and Changelly are good alternate to it.
- Kucoin : It provide a long list of Cryptocurrencies to buy. But, here, you can’t buy them directly with your USD. You have to transfer your Bitcoins or Ethereum to KuCoin and then, you can convert your assets into any Cryptocurrency you want.
- Changelly : The good part about this platform is that you can buy a lot of Cryptocurrencies with your USD directly. But you need wallet to deposit your coins as Changelly doesn’t holds the coins for you.
2. Once you have verified your email address and once you log back, Hover your mouse over the Funds link in the navigation bar across the top of the page. It should then reveal a drop down menu. Click Deposits Withdrawls
3. You will see a lot of cryptocurrencies on this page. Find bitcoin BTC and click the Deposit link at the end. This will then slide down and reveal your receiving address
4. Now we need to send some Bitcoins to Binance so we can trade them in like we did for the Bitfinex steps above. So sign up to a CryptoCurrency Wallet Provider, Again I recommend Coinbase
and purchase your Bitcoins using what ever currency you wish.
5. Again, from our Coinbase
account that we have just created and bought our bitcoins with we will need to send them to the address that you generated on Binance. You do this by going to Accounts
and then clicking the Send
button under the wallet of the currency you purchased.
After you click Send, a dialogue window will pop up and this will ask you to enter an address to send bitcoin to. This is the address that we got from Binance when you clicked deposit. This dialogue is also where you will be able to enter the amount of bitcoin you want to send to buy IOTA with.
Note: Sending to Binance may take a few hours. So not panic if it is not instant. It could take 12 hours. Especially with all this BTC Folk stuff going on.
6. Once your bitcoin has been received by Binance hover over the Exchange link at the top left of the page next to the Binance logo. This will show you a drop down menu. Click Basic
7. Find and click your trading pair in the right hand column. Because we are wanting to buy IOTA with bitcoin we are looking for IOTA/BTC. Obviously if you sent Etherum over instead you would be looking for IOTA/ETH.
8. You will now be able to see the buying form. Fill this out with the amount of IOTA you want to buy and then click the Buy IOTA button.
All Done. That might take some time to go through. Even though IOTA is fast it is the exchange that you are dealing with.