A Step-by-Step-Guide on how to buy IOTA (MIOTA)
Step 1 – Signup to CEX.io You'll first need to buy one of the major coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below for registration and to get BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Ethereum or Bitcoin to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. IOTA (MIOTA) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Follow this manual) Make sure you've selected the precise coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).
Step 3 – Find (MIOTA) IOTA Once your deposit has been confirmed, you'll immediately have access to your funds and you can begin purchasing and trading. To purchase (MIOTA) IOTA on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To discover (MIOTA) IOTA, you'll need to put the short name of the asset (MIOTA) into the search-box, which is marked in the picture. Be certain of having choosen the correct grouping, we have marked this too. Click on “MIOTA/BTC” to go ahead.
Step 4 – Acquisition of (MIOTA) IOTA After you have located (MIOTA) IOTA, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are creating our Limit Order. The field with the “Price” tag will be filled automatically with the latest valuation (MIOTA) IOTA was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of MIOTA you want to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole quantity of MIOTA. When you're satisfied, make a mouse click on “Buy MIOTA”. Your plan will be filled as soon as a Seller trades their MIOTA for the price you gave.
Step 5 – Withdraw (MIOTA) IOTA Unless you're trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time period. To take off your (MIOTA) IOTA, hover over the tab called “Funds” and click on “Withdraw”. (MIOTA) IOTA can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (MIOTA) IOTA by using the given drop-down box. Enter the amount of (MIOTA) IOTA you'd like to take off. Don't forget the presented fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, click on “Submit”. You could be requested for verfication via phone/email before a take off.