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 Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. IOTA (MIOTA) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Trader? (Follow this guide) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so forth. If you are using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).
Step 3 – Locate IOTA (MIOTA) As soon as your deposit has been affirmed, you'll now have access to your funds and you can launch buying and trading. To buy IOTA (MIOTA) on Binance, you'll want to hover over the tab which is called “Exchange” and then click on “Basic”. To locate IOTA (MIOTA), you will need to put the cointype (MIOTA) into the search box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this also. Click on “MIOTA/BTC” to progress.
Step 4 – Purchase IOTA (MIOTA) As soon as you have discovered IOTA (MIOTA), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are going to make our own Limit Order. The ”Price” field will be automatically filled with the most latest rate IOTA (MIOTA) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of MIOTA you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete volumen of MIOTA. If you're satisfied, click on “Buy MIOTA”. Your order will be filled as soon as a Seller sells their MIOTA for the price you introduced.
Step 5 – Withdraw IOTA (MIOTA) Unless you are regularly trading, best advise is not to keep crypto coins on an Cryptocurrency Exchange for an extended time period. To withdraw your IOTA (MIOTA), go to the ”Funds” tab and click on “Withdraw”. IOTA (MIOTA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find IOTA (MIOTA) by using the given drop-down box. Drop in the quantity of IOTA (MIOTA) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address. When you are glad, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.