Last update: Apr 10, 2021
IOTA

Where and How to Buy IOTA (MIOTA) in 2021

MIOTA
price

$0.4351

Market value

$1,203,373,203

IOTA is a distributed ledger blockchain technology that is designed to execute and record transactions between devices and machines in the Internet of Things (IOT) network. MIOTA cryptocurrency accounts for transactions in the IoT ecosystem.

  • IOTA


    1. Release Date 2017
    2. Total Coin Supply 2,779,530,283
    3. Algorithm Proof of Work
    4. Blocks time Not limited
    5. Price $0.4351

The IOTA network’s primary innovation, Tangle, is more efficient and faster than typical blockchains (as claimed by IOTA).

127 Internet of Things (IoT) devices are connected to the World Wide Web (WWW) every second.

Experts estimate a total of 35 billion IoT devices will be installed by the end of 2021 – the numbers are staggering. IOTA intends on being the primary mode of conducting transactions on these devices.

3 easy steps for buying IOTA coins

Here are 3 easy steps for buying IOTA coins.

1. Choose the best wallet for IOTA

IOTA wallet

Here are the best hardware, desktop and mobile wallets for IOTA (MIOTA) token storage.

Physical

It is quite surprising that Trezor does not offer support for IOTA coin storage.

The best hardware wallets for IOTA are the Ledger Nano S and the Ledger Nano X. Both wallets support over 1,000 cryptocurrency tokens, including Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Litecoin (LTC), Ripple (XRP) and of course, IOTA (MIOTA).

Both Ledger wallets are as secure as it gets. While the Ledger Nano X is a better cryptocurrency wallet than its counterpart, the Ledger Nano S is a cheaper and more practical option.

The Ledger Nano S costs just $59 and is ideal to send/receive IOTA tokens. The Ledger Nano X on the other hand costs a whopping $119.

Desktop

The best desktop wallet for IOTA is the Trinity Wallet (Windows, macOS and Linux). The wallet is available in the form of a mobile app as well.

While the Trinity Wallet is not as secure as the Ledger Nano S and the Ledger Nano X, it does offer safe seed storage coupled with strong encryption.

The IOTA wallet offers live IOTA market data across a range of fiat currencies (USD, EUR, GBP, etc.), fast transactions, easy (multiple) account management and a user-friendly experience. What’s more, the cryptocurrency wallet is free of cost!

Mobile

IOTA Trinity Wallet is available in the form of an Android app and an iOS app.

You can download the Android app from Google Play Store and the iOS app from Apple App Store. Apart from the features stated already, the crypto app offers biometric login and the ability to transact on the go.

2. Purchase IOTA – where to buy IOTA coin?

IOTA crypto

Mentioned below are the best cryptocurrency exchanges to purchase IOTA coins.

#1 HitBTC

Exchange
HITBTC

HITBTC boasts that it’s the “most advanced Bitcoin exchange” on the market. This fast, secure, feature-rich platform has all the bells and whistles any advanced crypto trader could hope for. Buy, sell, and trade to your heart’s content on this high-quality cryptocurrency exchange, with all the trading pairs you could want.

No matter what your crypto of choice is, HITBTC is sure to support it. So head on over to the site and get started trading right away!

4.5/5
Visit HITBTC

You can trade Bitcoins, Ethereum tokens and Tether tokens for IOTA cryptocurrency on HitBTC.

While there is no direct way to purchase Ethereum or Tether on HitBTC, you can buy Bitcoin with your credit card or debit card.

You can purchase Ethereum or Tether on a platform like Binance and trade your tokens for IOTA on HitBTC.

#2 Binance

Exchange
Binance

Binance is the exchange to use if you’re new to the world of cryptocurrency. It’s intuitive, easy to use, and supports all the most popular cryptocurrencies. It makes buying, selling, and trading simple and even the most novice users will enjoy the pleasant user interface Binance has to offer.

When it comes to buying and selling crypto, there are few exchanges better than Binance.

4.5/5
Visit Binance

There is no way for you to make a direct IOTA purchase on your Binance account.

If you own digital currencies like Tether (USDT), Binance USD (BUSD), Binance Coin (BNB), Ethereum (ETH) or Bitcoin (BTC), you can trade your tokens for IOTA coins.

If not, you will have to purchase one of these cryptocurrencies in order to buy IOTA.

You can purchase stablecoins like USDT and BUSD with USD via wire transfer.

You can buy cryptocurrencies like BNB, BTC and ETH with your debit card or credit card. Once you purchase any one of these digital assets, you can trade your purchased tokens for IOTA tokens.

#3 Bitfinex

Exchange
Bitfinex

Along with being a long-running, top-tier exchange that offers liquidity, Bitfinex allows you to trade Bitcoin as well as other popular digital assets. They also provide margin funding, margin trading, and a customizable interface.

Generate yield by downloading the Bitfinex app on your Android or iOS device today!

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Visit Bitfinex

You can buy IOTA tokens with USD via payment methods like debit card, credit card and bank wire deposit at Bitfinex.

The option to buy IOTA with USD makes the process of purchasing IOTA at the crypto exchange much easier.

Others

Some other crypto trading platforms to buy and sell IOTA include eToro and Bittrex.

eToro is one of the best cryptocurrency exchanges to purchase IOTA tokens.

You can purchase IOTA with USD via credit card, debit card, bank transfer, PayPal and Skrill. The only way for you to buy IOTA tokens at Bittrex is by trading Bitcoins. If you have Bitcoin tokens from before, well and good.

If not, you can purchase BTC tokens with USD or Euros. If you go ahead with a USD purchase, a wire transfer is the only payment option you can avail of.

You can make use of payment methods like international wire transfer, SEPA credit transfer and card payment if you make a EUR purchase.

Unfortunately, Coinbase does not support IOTA cryptocurrency trading at the moment.

3. Transfer your IOTA tokens to a wallet

Once you have purchased IOTA tokens at a reputed cryptocurrency exchange, the final step is to transfer your tokens to a cryptocurrency wallet.

Always double-check your IOTA wallet address and never share your PIN code/secret phrase with anyone.

How to buy IOTA with USD?

buy IOTA with USD

As mentioned before, you can buy IOTA cryptocurrency tokens with USD at Bitfinex and eToro.

At Bitfinex, you can purchase IOTA cryptocurrency coins via card payment and bank wire deposit.

At eToro, you can easily purchase IOTA tokens via card payment, bank transfer and web wallets like PayPal and Skrill.

How to buy IOTA with a credit card?

Buying IOTA tokens with a credit card is probably the easiest and most popular method of IOTA purchase.

You can buy IOTA cryptocurrency tokens with a credit card at Bitfinex and eToro.

If you are keen on using your credit card to purchase at Binance, you can buy Bitcoin, Ethereum or Binance Coin and trade your purchased cryptocurrency tokens for IOTA tokens.

Conclusion

The IOTA blockchain project has tremendous potential.

The number of IoT connected devices is increasing by the day and MIOTA will only rise in its price ($0.300764 at the moment) and worldly value.

Choose a sturdy crypto wallet, purchase IOTA tokens and store your purchased tokens long-term – IOTA is one for the present and the future.

Popular IOTA Exchanges

author Andrej Ilisin

A serial entrepreneur working primarily with digital assets. He's the CEO of Sharp Capital, a company that focuses on growing online businesses. Andrej is also huge crypto, chess, and CrossFit enthusiast.