Last update: Jun 6, 2022

How to Buy IoTeX (IOTX)

Marco velaAuthor: Marco Vela - Fact-checked ✓

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

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

Let’s get started!

Iotex

How to Buy IoTeX – 4 Easy Steps

1. Choose a crypto exchange

Finding a crypto exchange 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 IoTeX 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 IoTeX

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

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

Where to Buy IoTeX (IOTX)

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 IoTeX

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

 

Crypto trading

How to Buy IoTeX (IOTX) 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 IoTeX in Australia, the process remains the same:

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

You can also check out our comparison of the top crypto exchanges in Australia If you’re curious to know more about which exchanges we would recommend.

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 IoTeX (IOTX) 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 IoTeX in Canada, the process remains the same:

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

It’s also possible to take a look at our analysis of the most reliable Canadian crypto exchanges If you’re curious to know more about the exchanges we would recommend.

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 IoTeX (IOTX) 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 IoTeX in the UK, the process remains the same:

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

If you’d like to learn more about the exchanges we prefer, read our comparison of the UK crypto exchange reviews.

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 IoTeX? IOTX Rundown

IoTeX was founded in 2017 as an open-source project. It has since developed a decentralized platform that aims to enable the open economics of machines. This open ecosystem allows people and machines to interact with each other with guaranteed trust and free will under carefully designed economic incentives.

IoTeX, a global group of 40 researchers scientists and engineers, has created their EVM-compatible Blockchain from scratch using the innovative Roll–DPoS consensus. It was launched in April 2019 by more than 100 delegates around the world and has already processed over 10 million transactions. On top of the IoTeX blockchain, the team has built the essential blocks of infrastructures to connect with Ethereum, BSC, and Heco blockchains such as ioPay wallet (https://iopay-wallet.iotex.io/) and ioTube bridge (https://tube.iotex.io/), which serve ten thousands of users. IoTeX allows EVM-based DApps to scale without worrying about expensive gas fees

To enable self-sovereign devices like Ucam real-world Oracles such as Pebble, middleware, such as Decentralized Identity and Confidential Computing, has been built on top IoTeX blockchain. The former (https://ucam.iotex.io/) has been deployed to 3000+ households (http://iott.network/) and still proliferates. The latter, however, was launched to 300+ developers at first and allows for innovative Dapps that link the physical world and the crypto world. This includes weather derivatives and machine learning as-mining.

IoTeX serves as the central backbone of machine economics and is used to support everything from autonomous cars to smart home devices. IoTeX developed and launched a fast, high performance, and EVM compatible blockchain to achieve this goal. It allows for flexibility and scaleability for different applications. To bring self-sovereign devices to life and real-world oracles to reality, Dapps and middlewares are also built on top.

IOTX is the native cryptocurrency that governs the underlying Blockchain protocol and serves as the gas for that protocol. Burndrop (http://burndrop.iotex.io/) is a unique economical design that leads to deflation of IOTX while the number of devices orchestrated by IoTeX increases.

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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.