IOTA is an interesting cryptocurrency that doesn’t use blockchain technology like traditional coins. Instead, it uses Tangle, a network of nodes that validate transactions, resulting in ultra-cheap fees and fast transfer times.
In this guide, you’ll learn about the best platforms for buying IOTA along with other essential information, such as where to store your MIOTA after investing. Moreover, we’ll disclose the best exchanges for each country to save you time researching.
Best Exchanges to Buy IOTA
Where to buy IOTA? Picking the right platform to buy IOTA (MIOTA) can be a long process. If you are planning to invest in cryptocurrency such as IOTA coin (MIOTA), we’ve listed the top providers below to help you get started right away:
eToro - The Overall Best Way to Buy MIOTA
eToro is the top choice for buying MIOTA because this platform has a customer-first approach. The broker has made it incredibly simple to invest with them by adding must-have features like social trading, demo accounts, popular deposit methods, and a secure cryptocurrency wallet. Learn more about eToro in this easy-to-understand table:
💰 Trade Values: | ETFs, Cryptocurrencies, Stocks |
📊 Software: | Website and smartphone app. |
🏆 Demo Account Available: | Yes |
📺 Ease of use: | Excellent |
⭐ Our rating: | 5/5 |
📱 App Available: | iOS and Android |
🧩 Regulation: | Cyprus Securities and Exchange Commission (CySEC) |
💰 Fees: | 1% of purchase order |
⚽ Social Trading: | Yes |
Best Platforms to Buy and Trade IOTA
In the following section, we outlined the best platforms for trading and buying IOTA.
Buy IOTA Using Cryptocurrency Brokers - The Easiest Way
Buying IOTA is straightforward with a cryptocurrency broker because these platforms have easy-to-use trading software and educational content. Also, the listed options have excellent security and helpful customer support.
Provider | Fee (1000 USD) | Get Started |
🥇 Binance | $0 to $6; varies based on trading volume. | Start with Binance now |
🥈 Bitstamp | $0 to $4; varies based on trading volume. | Start with Bitstamp now |
🥉 Crypto.com | $0 to $0.75; varies based on trading volume. | Start with Crypto.com now |
Binance
Binance is perfect for beginners and experts alike since the exchange offers several trading interfaces, IOTA swap pairs, convenient deposit options, and advanced security. Moreover, this crypto broker has flexible savings for MIOTA, so you can earn passive income.
Bitstamp
Bitstamp makes trading easy for the traders and investors by offering an intuitive interface, instant deposit options, institutional-grade security, 24*7 dedicated support, industry-leading uptime, and more.
Crypto.com
Crypto.com is a brilliant exchange with an interactive smartphone app with easy-to-find features. This established brand has created its own unique cryptocurrency, used to get discounts when paying trading fees.
Buy IOTA on eToro: Step-By-Step Guide
Step 1 Open eToro
Step 2 Verify Your Identity
Step 3 Deposit
Step 4 Buy MIOTA
Step 5 Additional Step: Send MIOTA to a Wallet
Best Wallet to Buy and Store MIOTA - MIOTA Wallet Comparison
Cryptocurrency wallets are the most secure way to hold your investment short or long term because only you have access to your seed phrase. Whereas exchanges are huge targets for hackers, and you do not own your private keys directly. Remember, not your keys, not your crypto. These are the top options for storing IOTA:
Provider | Wallet Type | Get Started |
🥇 Ledger Nano X | Hardware | Start with Ledger now |
🥈 Firefly Wallet | Software | Start with Firefly now |
🥉 Ledger Nano S | Hardware | Start with Ledger now |
Buy IOTA Using CFDs - Best for Trading
Trading is simple with CFD (Contract For Difference) crypto brokers, thanks to their beginner-friendly user interfaces. However, CFD trading is treated as an illegal event in the United States. This can be traced back to the fact that CFD is an over-the-counter (OTC) product. Hence, you cannot find the platforms in the United States offering CFD trading. SEC (Securities and Exchange Commission) and the Commodity Futures Trading Commission (CFTC) prohibits the citizens and residents of the United States to open a CFD account on domestic and foreign applications.
Best Apps to Buy IOTA - Most Convenient
The exchanges underneath have all developed mobile apps that work on iOS and Android devices. These apps let you trade, transfer, and hold IOTA from anywhere, as long as you have an internet connection.
Provider | Fee (1000 USD) | Get Started |
🥇 Crypto.com | $0 to $0.75; varies based on trading volume. | Download now |
🥈 Bitstamp | $0 to $4; varies based on trading volume. | Download now |
🥉 Binance | $0 to $6; varies based on trading volume. | Download now |
Buy IOTA on eToro App: Step-By-Step Guide
Step 1 Create an Account
Step 2 Verification
Step 3 Deposit Money
Step 4 Buy MIOTA
Buy IOTA With Exchanges - The Cheapest Way
These exchanges base your fees on your 30-day trading volume. You can check out their fee schedules to accurately see how much you’ll pay based on your investment size. Also, all of the listed options have unique cryptocurrencies that give discounts on platform costs.
Provider | Fee (1000 USD) | Get Started |
🥇 Binance | $0 to $6; varies based on trading volume | Start with Binance now |
🥈 Bitstamp | $0 to $4; varies based on trading volume. | Start with Bitstamp now |
🥉 Crypto.com | $0 to $0.75; varies based on trading volume. | Start with Crypto.com now |
Buy IOTA on Binance: Step-by-Step Guide
Step 1 Open Binance and Register
Step 2 Deposit
Step 3 Open the Trading Interface
Step 4 Complete the Trade
Step 5 Additional Step: Confirm the Transaction Using the Blockchain Explorer
Buy IOTA Using Decentralized Exchanges (DEX) - The New Way
TangleSwap is the only successful decentralized exchange and automated-market maker designed and developed for IOTA ecosystem.
Can You Buy IOTA Using P2P Services?
At the time of writing this post, no well-established P2P platforms are offering IOTA for peer-to-peer trading.
Can You Buy IOTA Using Other Trading Platforms?
This table highlights where you can buy IOTA along with the starting fee rates.
Cryptocurrency Platform | Can You Buy MIOTA? | Fee (USD 1000) | Review |
Binance | Yes | $0 to $6; varies based on trading volume. | Binance review |
TD Ameritrade | No | N/A | N/A |
Bitstamp | No | $0 to $4; varies based on trading volume. | Bitstamp review |
Bittrex Global | No | $0 to $7.5; varies based on trading volume. | Bittrex review |
Coinbase | Yes | $0 to $6; varies based on trading volume. | Coinbase review |
BitMart | No | $0.6 to $2.5; varies based on trading volume. | N/A |
Crypto.com | Yes | $0 to $0.75; varies based on trading volume. | N/A |
EtherDelta | No | N/A | N/A |
E*TRADE | No | N/A | N/A |
Fidelity | No | N/A | N/A |
Kraken | No | $0 to $2.6; varies based on trading volume. | Kraken review |
Robinhood | No | N/A | N/A |
Uphold | No | Spreads start at 0.8%; varies based on location and coin liquidity. | N/A |
Venmo | No | N/A | N/A |
Voyager | No | $0 commissions | N/A |
Wealthsimple | No | N/A | N/A |
Webull | No | N/A | N/A |
What Is the Difference Between Buying IOTA and CFDs?
When buying IOTA on an exchange, you can see the coins visible in your account wallet. Afterward, you can withdraw them to a private wallet or spend them on products. However, with a CFD broker, you are purchasing a derivative product. This means you are speculating the future value of MIOTA and not actually owning real coins. Therefore, you cannot use your IOTA tokens and must keep your funds within the crypto platform.
Pros and Cons of Using CFDs
Best Ways to Buy IOTA
Now, we’ll analyze the best ways to buy IOTA using various payment methods.
Buy IOTA Instantly With Online Banking - The Fastest Way
Binance accepts online banking as a fast deposit method and will remember your payment details afterward. This platform is ideal for buying IOTA at low rates and engaging in its promotional content.
Buy IOTA With PayPal - The Safest Way
PayPal has a limited selection of cryptocurrencies on its platform that does not include IOTA. Nevertheless, you can deposit money on eToro via PayPal and buy IOTA through the trading platform.
Buy IOTA Using a Debit Card - The Cheapest Way
Avoid using instant buy sections with a debit card as they have much higher fees than spot trading. Instead, use your bank card to deposit funds on Crypto.com instantly and cheaply.
Buy IOTA Using a Credit Card
You can buy Investors can purchase IOTA with a credit card through platforms like CEX.io and Crypto.com’s instant buy section.
Best Platforms to Buy IOTA in Other Countries
Here, you can discover which platforms are the best to use in different countries. Note that top providers differ mainly due to regulations and accessibility of crypto platforms in various regions.
Country to Buy MIOTA in | Best Provider | Provider Type | Fee |
Australia | eToro | Broker | 1% fee for buying or selling crypto. |
UK | eToro | Broker | 1% fee for buying or selling crypto. |
Canada | Binance | Exchange | 0.02% to 0.10%; varies based on trading volume. |
India | WazirX | Exchange | 0.2% commissions |
Japan | Binance | Exchange | Starting from 0.1%; varies based on trading volume. |
New Zealand | Binance | Exchange | Starting from 0.1%; varies based on trading volume. |
Pakistan | KuCoin | Exchange | Starting from 0.1%; varies based on trading volume. |
Philippines | Binance | Exchange | Starting from 0.1%; varies based on trading volume. |
Singapore | Crypto.com | Exchange | Starting from 0.075%; varies based on trading volume. |
UAE | eToro | Exchange | 1% fee for buying or selling crypto. |
What Are the Fees When Buying IOTA?
This table calculates the cost of investing $1,000 into IOTA and holding for 30-days.
Platform | eToro | Crypto.com | Binance Exchange |
Deposit fees | $0 | $0 | $0 |
Purchase fees | $10 | $0 to $0.75 | $1 |
Holding fees | $0 | $0 | $0 |
Selling Fees | $10 | $0 to $0.75 | $1 |
Payout fees | $5 | $0 | 0.5 IOTA |
Total fees | $25 | $1.50 | $2 + 0.5 IOTA |
Cheapest Way to Buy MIOTA
The following exchanges use a tier system that reduces costs based on your 30-day trading volume. Also, they all have unique exchange tokens, which are used to get discounts when paying platform fees.
Provider | Fee (1000 USD) | Get Started |
🥇 Binance | $0 to $6; varies based on trading volume. | Download now |
🥈 Coinbase | $0 to $6; varies based on the pricing structure. | Download now |
🥉 Crypto.com | 0% to 0.0750%; varies based on trading volume. | Download now |
Fastest Way to Buy MIOTA
Binance, Coinbase, and Crypto.com have fast sign-up processes and instant deposit methods, letting you quickly purchase MIOTA. Moreover, the crypto platforms have easy-to-use trading software that comes with tutorials.
Provider | Fee (1000 USD) | Get Started |
🥇 Binance | $0 to $6; varies based on trading volume. | Download now |
🥈 Coinbase | $0 to $6; varies based on the pricing structure. | Download now |
🥉 Crypto.com | 0% to 0.0750%; varies based on trading volume. | Download now |
How to Buy IOTA Anonymously?
Here you’ll learn how to buy IOTA anonymously.
How to Buy IOTA Without Registration or KYC?
You can buy IOTA without registration or KYC through local P2P trading forum groups. Contact a seller and set up a trade in person. Make sure it’s in a public location and wait for the transfer to be completed to avoid getting scammed.
How to Buy IOTA Without Verification?
Centralized exchanges like KuCoin allows users to deposit crypto and trade without completing the verification process. However, this platform is not licensed to operate in the United States. You can navigate to the decentralized exchanges designed for the IOTA ecosystem.
Can You Buy IOTA Offline?
No, you cannot buy IOTA offline like with Bitcoin.
Should You Buy or Sell IOTA?
IOTA is an interesting project that doesn’t use conventional blockchain technology, which gives it an edge in specific crypto niches. In addition, the team is meeting roadmap deadlines and constantly improving the cryptocurrency. Underneath are some pros & cons of IOTA if you’re undecided on the coin.
IOTA uses its own innovative tech, making it unique in the crypto space.
IOTA is highly scalable
IOTA has really low transaction costs. The fees are so low that they can be non-existent.
IOTA takes low energy to run
IOTA has amazing data storing capabilities.
Do You Need to Pay Tax on IOTA in the US?
Crypto profits are taxed in the United States, similar to property. You must pay short or long-term capital gain tax on cryptocurrency profits. The amount you earn will determine your tax bracket. To get the best information on this topic, visit your state’s website regarding crypto taxation.
What Impacts IOTA Price?
IOTA’s value can be affected due to several factors; here are the main ones:
Utility: IOTA is a smart contract cryptocurrency designed to handle payments at no fees. IOTA's potential is huge but has little utility at the moment.
Adoption: Developers adopting IOTA smart contracts is great for growth as more dApps are created. This would increase the number of investors using the IOTA ecosystem, increasing its value.
Market Performance: Bear and bull markets impact IOTA’s price significantly. These market statuses can also be great indicators of when to buy or sell MIOTA.
News: Crypto news can affect how the overall market performs. For example, the whole market took the nose dive when the SEC announced a lawsuit against Ripple (XRP).
Advertisements: IOTA marketing its brand drives more potential investors to its ecosystem. Also, increased exposure to the project will lead to faster adoption and more people buying IOTA.
Historical IOTA Course: Major Milestones in the History of IOTA
These are the main historical milestones IOTA has gone through.
Current Price Prediction News
Below, you can find price prediction news if you enjoy analyzing experts’ opinions.
Other Ways to Make Money With IOTA in 2023
Here are some other ways you could generate profit with IOTA.
Stake IOTA Using DeFi or CeFi
Staking is unavailable for IOTA since it doesn’t use a POS consensus mechanism. However, Assembly allows you to allocate your IOTA tokens to receive rewards paid in ASMB.
Buy IOTA Using ETPs (ETFs & ETNs)
There are no IOTA ETPs available to invest in.
Buy and Sell NFTs Using MIOTA
NFTs are unique tokens that can convey ownership to an individual and cannot be copied. They can have different use cases, such as metaverse land, art, and event tickets. The best marketplace for trading MIOTA NFTs is Pylon.
Buy Stocks and Shares in Companies Owning IOTA
IOTA has partnered with many global brands that have announced interest in the cryptocurrency. The most notable company is Dell and you can buy its shares from eToro.
IOTA Mining
IOTA does not use a POW (Proof-of-work) consensus mechanism. Therefore, mining MIOTA tokens is technically impossible.
Use IOTA Faucets
Faucets are small rewards from a crypto platform for completing small tasks, courses, and more. Binance has many ongoing promotions where you can earn crypto and convert it to IOTA.
What Cryptocurrencies Are Similar to IOTA?
The table below showcases alternative smart contract cryptocurrencies you may want to invest in.
Coin | Symbol | Learn how to buy |
Avalanche | AVAX | Buy Avalanche |
Polkadot | DOT | Buy Polkadot |
Tron | TRX | Buy Tron |
Cardano | ADA | Buy Cardano |
Ethereum | ETH | Buy Ethereum |
Is It Still Worth Investing in IOTA or Not?
IOTA is worth investing in as the cryptocurrency has major partnerships with a few well-known brands such as Dell, Jaguar, ClimateCHECK, and EDAG. Also, it’s at the forefront of the Internet-Of-Things concept and aims to create a connected ecosystem across multiple platforms using smart contracts. IOTA is a long-term hold as it’s still in early development, and there is still a lot of progress to be made. Note: Not a Financial Advice (NFA).
FAQs
What is IOTA?
How does IOTA work?
Can I buy IOTA without ID?
Can I buy IOTA instantly?
Is there a limit to how many IOTA I can buy?
Can I buy IOTA in any country?
What Is the Best Provider to Buy IOTA in the US?
What Is the Cheapest Provider to Buy IOTA in the US?
Is It Worth Investing in IOTA Right Now?
Is There a Limit to How Many MIOTA I Can Buy?
Can You Buy IOTA on the Blockchain?
What Can You Buy With IOTA?
Read More About Blockchain Coins & Altcoin Guides
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