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 or Bitcoin to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. IOTA (MIOTA) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow these easy steps) Make sure you have selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow our guide).
Step 3 – Find IOTA (MIOTA) As soon as your deposit has been confirmed, you will instantly have access to your funds and you can commence invest and trading. To purchase IOTA (MIOTA) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to locate IOTA (MIOTA), you'll need to insert the cointype (MIOTA) into the search-box, which is highlighted in the graphic. Be certain of having choosen the proper grouping, we have highlighted this too. Click on “MIOTA/BTC” to progress.
Step 4 – Buy IOTA (MIOTA) After you've found IOTA (MIOTA), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent valuation IOTA (MIOTA) was sold for. This can be changed to your preferred price. The field with the “Amount” tag is the volumen of MIOTA you like to purchase. The ”Total” field is the aggregated price in BTC that you'll pay for the complete volumen of MIOTA. If you are happy, click on “Buy MIOTA”. Your plan will be filled when a Vender trades their MIOTA for the price you introduced.
Step 5 – Withdraw IOTA (MIOTA) Unless you're regularly trading, you should never keepyour coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your IOTA (MIOTA), hover over the ”Funds” tab and click on “Withdraw”. IOTA (MIOTA) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find IOTA (MIOTA) by using the given drop-down box. Drop in the volumen of IOTA (MIOTA) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. When you are happy, click “Submit”. You may be asked for phone/email verification before a withdrawal.