How to Buy IOTA (MIOTA)

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).

Binance Signup
Step 2 – Transmit Your Funds to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. 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 Exchange? (Follow these easy steps)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow these easy steps).

Step 3 – Find IOTA (MIOTA)

As soon as your deposit has been approved, you will directly have access to your assets and you can initiate invest and trading. To buy IOTA (MIOTA) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

In order to find IOTA (MIOTA), you'll need to insert the shortname of the coin (MIOTA) into the search-box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have highlighted this too. Click on “MIOTA/BTC” to advance.

Binance Hot To Buy IOTA (MIOTA)
Binance How to Buy (MIOTA) IOTA
Step 4 – Buying IOTA (MIOTA)

As soon as you have located IOTA (MIOTA), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). And now we are going to make our own Limit Order.

The field with the “Price” tag will be automatically filled with the most up-to-date price IOTA (MIOTA) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the volumen of MIOTA you like to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole amount of MIOTA.

If you're satisfied, make a mouse click on “Buy MIOTA”. Your order will be filled as soon as a Vender trades their MIOTA for the price you submitted.

Step 5 – Withdraw IOTA (MIOTA)

Unless you are frequently trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an longer time period. To withdraw your IOTA (MIOTA), go to the tab called “Funds” and mouse click on “Withdraw”. IOTA (MIOTA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate IOTA (MIOTA) by using the given drop-down box. Drop in the quantity 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're glad, make a mouse click on “Submit”. You could be requested for email/phone verification ahead of a withdrawal.

Binance Withdraw

Congrats! You've successfully purchased and stored IOTA (MIOTA).

That's it!

Take offs from Exchange can durate between 1 – 30 minutes (depending on network usage). Once you've proved your withdrawal using Ethplorer.io or Etherscan.io and the (MIOTA) IOTA is safe inside your wallet, you are all done.

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