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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum or Bitcoin has 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're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you have selected the right coin you wish to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. If you're using a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Locate IOTA (MIOTA) As soon as your deposit has been affirmed, you'll instantly have access to your finances and you can begin invest and trading. To invest in IOTA (MIOTA) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover IOTA (MIOTA), you'll need to put the cointype (MIOTA) into the search box, which is highlighted in the graphic. Make sure you have choosen the proper grouping, we have highlighted this too. Click on “MIOTA/BTC” to go on.
Step 4 – Buying IOTA (MIOTA) Once you have discovered 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). Next we are creating our own Limit Order. The ”Price” field will be automatically filled with the most latest tariff IOTA (MIOTA) was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of MIOTA you want to buy. The field with the “Total” tag is the whole price in BTC that you will settle for the whole quantity of MIOTA. When you are satisfied, make a mouse click on “Buy MIOTA”. Your order will be filled when a Vender sells their MIOTA for the price you submitted.
Step 5 – Withdraw IOTA (MIOTA) Unless you are regularly trading, best advise is not to keep your crypto on an Exchange for an extended time period. In order to take off your IOTA (MIOTA), hover over the ”Funds” tab 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 amount of IOTA (MIOTA) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have filled your correct withdraw address. If you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.