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 Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. IOTA (MIOTA) is available on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual) Make sure you have chosen the correct coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. If you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate IOTA (MIOTA) As soon as your deposit has been approved, you'll now have access to your finances and you can commence buying and trading. To invest in IOTA (MIOTA) on Binance, you will want to go to the tab which is called “Exchange” and after that click on “Basic”. To locate IOTA (MIOTA), you'll need to put the shortname of the coin (MIOTA) into the search-box, which is highlighted in the picture. Be certain of having selected the correct pairing, we have highlighted this too. Click on “MIOTA/BTC” to continue.
Step 4 – Purchase IOTA (MIOTA) As soon as you have spotted IOTA (MIOTA), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest tariff IOTA (MIOTA) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of MIOTA you wish to purchase. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of MIOTA. If you are happy, make a mouse click on “Buy MIOTA”. Your order will be filled as soon as a Vender sells their MIOTA for the price you introduced.
Step 5 – Withdraw IOTA (MIOTA) Unless you're regularly trading, never keep your crypto coins on an Cryptocurrency Exchange for an longer time period. To take off your IOTA (MIOTA), hover over the tab called “Funds” and click on “Withdraw”. IOTA (MIOTA) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate IOTA (MIOTA) by using the provided drop-down box. Enter the quantity of IOTA (MIOTA) you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. When you are satisfied, make a mouse click on “Submit”. You may be asked for phone/email verification before a take off.