Where to buy IOTA?

in #iota8 years ago

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Image Source: Cripto Notícias
Some people ask me about buying IOTA, so... Here is a brief summary.

For all those who still don't know how easy and quickly buy IOTA at the only (for now) market - Bitfinex:

  1. Visit the Bitfinex website https://www.bitfinex.com/

  2. Sign up, open a new account

  3. Deposit other cryptos (BTC, ETH, ZEC, LTC, DASH, XRP and so on) that you keep at another crypto market (Bittrex, Coinbase, Poloniex and so) - unfortunately, Bitfinex doesn't accept fiat currency deposits

  4. Exchange the deposited other cryptos into IOTA
    -having BTC and ETH you can do it directly:
    -in case you deposit other cryptos you have to exchange them into BTC, ETH or USD and then buy IOTA

  5. Having eventually IOTAs at your exchange wallet (actually MIOTAs - Millions of IOTAs that Bitfinex is listing) you can:
    a) trade them actively,
    b) keep them at Bitfinex (you can even shift IOTAs to the Funding wallet to gain % for long term lending)
    c) or withdraw to your wallet outside Bitfinex

Issues you have to keep in mind:
A. Bitfinex doesn't support US citizens...
B. Trading and investing IOTA as other cryptos can make you a millionaire (I frankly wish you that!) but you can also lose your money - just because of the dynamic price changes, trends, and volatility. It's always a good advice to learn as much as possible on the cryptos and generally investments.

Good luck,

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In my opinion, it is a stupid coin.

Iota really stands out from the rest with a 'no fees' approach. Although the concept still feels very BETA, it looks very promising. I consider this a long term hold.

PS. Over at Reddit, they love the IOTA tipping bot.

Жаль, что нет на Биттрекс...
Спасибо!