Last update: Jun 6, 2022

How to Buy IOST (IOST)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy IOST. Depending on where you’re based, you’ll have various cryptocurrency trading platforms to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Iost

How to Buy IOST – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have IOST of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency trading platforms.

4. Buy IOST

Now that you have what you need to buy IOST, head over to the market or buy section of the crypto exchange and buy some IOST.

If the crypto exchange doesn’t have any IOST on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has IOST first), and trade your Ethereum for IOST.

Where to Buy IOST (IOST)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell IOST

  1. Sign into the cryptocurrency exchange where you bought IOST.
  2. Move your IOST to the right place on the exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell IOST.

 

Crypto trading

How to Buy IOST (IOST) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy IOST in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy IOST if it’s available. If the exchange doesn’t have IOST. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has IOST), and trade your ETH for IOST.

Also, check out our comparison of the Australian crypto exchange reviews If you’re curious to know more about which ones we prefer.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy IOST (IOST) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy IOST in Canada, the process remains the same:

  1. Find a crypto exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy IOST if it’s available. If the exchange doesn’t have IOST. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has IOST), and trade your ETH for IOST.

It’s also possible to take a look at our analysis of the cryptocurrency brokers in Canada for those interested in learning more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy IOST (IOST) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy IOST in the UK, the process remains the same:

  1. Find a crypto trading platform below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy IOST if it’s available. If the exchange doesn’t have IOST. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has IOST), and trade your ETH for IOST.

You can also check out our comparison of the best bitcoin trading platforms in the UK for those interested in learning more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying IOST? IOST Rundown

IOST describes itself as an "ultra-fast," fully fledged and decentralized blockchain network and ecosystem with its own nodes, wallets and based on the "next-generation" consensus protocol dubbed "proof-of-believability."

IOST's blockchain infrastructure, which is open-source, has been designed to be secure. It can also be scaled. All this in the hopes that it will become the backbone of online services in the future.

The team have developed a "proof-of-believability" consensus algorithm to ensure transactions on the network are secure and efficient.

IOST is attempting to address the greatest challenge that large companies face in adopting blockchains in customer-facing environments. This is because they may not be scalable. This problem can be solved by the Internet of Services Token.

It is best to compare IOST to its closest competitors. Ethereum, which is the most popular smart-contract platform for developers, is an excellent way to understand IOST. It can also be compared with EOS or TRON, both highly scalable smart contracts platforms with high usage.

IOST claims to be able to process 100,000 transactions per second, which is more than the Ethereum 20, Tron and EOS 20 transactions.

In order to reach these transaction speeds, the IOST team has created a novel blockchain architecture, which introduces and combines several innovations including a Distributed Randomness Protocol, Efficient Distributed Sharding, TransEpoch, Atomix, Proof-of-Believability and Micro State Blocks.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.