How You Can Buy Iota Coins Almost Instantly
There are a lot of people who are part of the cryptocommunity who would like to know how to buy Iota coins instantly. There are different IOTA coins that are being traded every day and if you would like to become part of the trading process, you need to buy coins when you can. Remember that IOTA has the tendency to skyrocket its price from time to time.
You want to purchase a cryptocurrency that will be important and vital in the long run. There are so many to choose from so you need to take time to research each one. The more that you know about a cryptocurrency, the better. This will help you make the right choices easily.
You can visit different forums and you ask the people who are active in the forum where the proper coins can be purchased. There are some people who are generous enough to give you what you are searching for but what if no one answers you? What are you going to do?
Some Cryptocurrency Rules to Remember
There are a lot of cryptocurrencies that you can purchase but you need to be specific with the ones that you want to buy. You cannot just invest blindly because you will make more mistakes in the process. You have to know how to maximize the purchase of cryptocurrencies. These are some rules to remember:
What is IOTA?
How will you buy IOTA when you are not even aware how this will be used? This is known to be a type of coin for the “Internet of Things.” This is responsible for making communications and payments easier for everyone. This is expected to increase in value in the future so if you think that this is a worthwhile investment, you can get a few coins soon. How are you going to do it? This cannot be purchased through the usual route. Read on to find out how you can buy IOTA coins almost instantly.
It is best that you know exactly what type of cryptocurrency you are going to purchase before you make a decision. There are different websites that will give you all of the information that you are searching for. Just type in IOTA on the search bar and you will be given a list of coins. You can choose the one that you need.
Make sure that you gain enough information about IOTA first like from where you are purchasing it from, the source code, and communication channels. Other things to look for are the following:
- Market Cap
- 24-Hour Volume
- Circulation Supply
- Maximum Supply
If you are a newbie in the world of cryptocurrency, the details mentioned above will be alien to you. You need to make extra effort to learn more about these details before you start purchasing. It will make a lot of difference that way. Make sure that the parameters of IOTA are positive before you purchase or you may end up losing money instead of winning.
Purchasing your IOTA means that you have already purchased your chosen cryptocurrency and you have already stocked some of the required cryptocurrency on your chosen cryptocurrency wallet.
Where to Buy IOTA
You need to know exactly where you are going to purchase this cryptocurrency. Remember that you cannot purchase this with the usual currencies that you use to buy other cryptocurrencies. Rather, you need to purchase Ethereum or Bitcoin.
Some people prefer purchasing Ethereum because they think that it is easier and safer to store but it will depend on you which one you think will work best for your needs. After purchasing Bitcoin or Ethereum, you need to choose the right exchanger. The exchanger will allow you to trade the cryptocurrency you have to IOTA.
Here are a couple of exchanges to choose from. There are a lot more but these two are more popular than others:
Buying from Binance
Let us say that you have chosen Binance as your exchange and you want to know how to purchase IOTA properly. Follow this process:
- Get a Binance account. You need to write the information you need on the registration form. Add an e-mail address and a password. You need to choose a strong password so that it will not be hacked easily.
- Verify your account by opening your e-mail address.
- Once you have activated your account, you need to log-in and continue setting up the account. You can activate the two-factor authentication so that your account will be safe from possible intruders and hackers.
- Deposit the cryptocurrency that you have chosen (Ethereum or Bitcoin) to Binance.
- You will see if the transactions that you have done are already confirmed.
- Using your cryptocurrency, purchase IOTA. There is an exchange button that you can locate in order to exchange your current cryptocurrency to IOTA.
Buying from Bitfinex
If you would like to use a more trusted exchange, you need to choose Bitfinex. The process that you follow in order to start purchasing IOTA will be very similar to the process that you need to do when you use Binance but you still need to know the proper procedure so you will not make a mistake and your cryptocurrency will remain safe.
- Sign up for Bitfinex. You also need to place all of the proper information on the form before you can submit it.
- A verification link will be sent to your e-mail address so make sure that you use a working e-mail. Open your e-mail and verify your account.
- There is an option for you to use the 2-Factor Authentication feature. This can be very helpful when you want your account to be safer. This will lessen the possibility of hackers trying to access your account.
- Deposit Bitcoin or Ethereum that you have purchased to your Bitfinex account.
- Buy IOTA with the use of your chosen cryptocurrency.
- Take note that there are different order types. You can choose the one that will be most convenient for you.
- Once you have properly placed your order, you will see IOTA start to appear on your account.
The Lack of IOTA Wallets
IOTA is a promising cryptocurrency but there are not enough wallets around to make people want to purchase immediately. There are some options available but not all are considered safe. Some should not be considered as permanent wallets as well. There is one specific wallet that is being recommended to people. Try IOTA GUI Wallet Client. This is known to be safe and can hold IOTA cryptocurrency without any problems.
People who are new to the world of cryptocurrency may not always be familiar with IOTA but the moment that you learn more about it, you may want to invest on it and use it. This is easy to buy as long as you have Bitcoins or Ethereum to use for trading.