A Step-by-Step-Guide on how to buy IOTA (MIOTA)
Step 1 – Signup to Kraken You will first need to purchase one of the top-tier currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below to register and getting BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transfer Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. IOTA (MIOTA) is available on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Just follow this guide) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find IOTA (MIOTA) Once your deposit has been affirmed, you'll immediately have access to your finances and you can commence purchasing and trading. To invest in IOTA (MIOTA) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. To find IOTA (MIOTA), you'll need to put the shortname of the coin (MIOTA) into the search box, which is marked in the picture. Make sure you have choosen the correct pairing, we have marked this too. Click on “MIOTA/BTC” to continue.
Step 4 – Buying IOTA (MIOTA) Once you have found IOTA (MIOTA), you will be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are going to make our own Limit Order. The ”Price” field will be filled automatically with the recent price IOTA (MIOTA) was sold for. This can be changed to your favoured rate. The ”Amount” field is the quantity of MIOTA you wish to buy. The field with the “Total” tag is the aggregated price in Bitcoin that you'll pay for the whole quantity of MIOTA. When you are satisfied, make a mouse click on “Buy MIOTA”. Your order will be filled when a Vendor sells their MIOTA for the price you introduced.
Step 5 – Withdraw IOTA (MIOTA) Unless you're frequently trading, never keep your coins on an Crypto Exchange for an extensive time frame. In order to withdraw your IOTA (MIOTA), hover over the ”Funds” tab and click on “Withdraw”. IOTA (MIOTA) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate IOTA (MIOTA) by using the given drop-down box. Enter the volumen of IOTA (MIOTA) you would wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.