Buy IOTA with SEPA, PayPal, Credit Card – Guide | Best exchanges & brokers

IOTA is a cryptocurrency and blockchain of the 3rd generation which was founded in Germany. Although the project is still very young compared to Ethereum, IOTA already has a number of well-known partnerships. With Fujitsu, Bosch and Volkswagen, IOTA has found three globally renowned partners who have long-term ambitions to use IOTA technology. The first proof-of-concepts have already been successfully presented by Volkswagen and Fujitsu. In this respect, IOTA can represent an interesting investment opportunity in the long term.

Therefore, we introduce you several ways in which you can buy IOTA very easily, quickly and safely and how you can store IOTA safely afterwards. But before you read through the individual instructions for the various exchanges and brokers, you should make an important decision in advance. According to your decision, you will receive from us another recommendation for the purchase of IOTA.

However, if you would like to check the current IOTA price first, we recommend our IOTA price overview.

Guide: Choosing the best exchange or broker

Do you want to keep the IOTA yourself and thus have full control over your property, the cryptocurrency or are you looking for a simple solution and delegate the responsibility of management to a broker? Then you also have the opportunity to invest in IOTA CFDs.

You should know the following when answering this important question: The basic idea of cryptocurrencies like IOTA is to create a financial system without third parties and middlemen (e.g. banks, credit institutions). From our point of view it is therefore generally more desirable to manage the IOTA yourself, since only you have access to your asset via your private key. Cryptocurrency exchanges and brokers have the big disadvantage that they keep the private key for you. So you give up control of your asset. However, this is not the only disadvantage. In the past, exchanges and brokers have been victims of hacker attacks, with large amounts of cryptocurrencies being stolen. In this respect, we believe it is safer to manage your IOTA yourself. However, it can be complicated for beginners to set up and use a desktop or hardware wallet.

Another special third solution is cryptocurrency CFDs. Very important to know with CFDs is however that you do not own the cryptocurrency, like IOTA, but only hold the certificate (CFD) on a rising (Long) or falling (Short) price. On the basis of these preliminary considerations, we would like to make the following recommendations:

  1. If you want to manage IOTA yourself, we recommend coinmerce.io, where you can buy IOTA using the euro (SEPA, SOFORT, Credit Card, …). Afertwards you can send the IOTA to your desktop or hardware wallet.
  2. If you want to invest in IOTA but are looking for a quick and easy solution because you don’t want to deal with the technical details (and therefore don’t want control over the private key), you should buy IOTA from eToro.
  3. If you want to bet on a rising or falling IOTA price with levers, IOTA CFDs may be the right choice for you. We recommend that you use eToro or Plus500 as established and well-known brokers.
Note
On most platforms you can buy either real cryptocurrencies or crypto CFDs. EToro is an exception because Toro offers both. At eToro you can buy both CFDs and “real” IOTA.

Below you’ll find the advantages and disadvantages of each.

Buy IOTA as CFD:
✅ Clear and unambiguous legal regulations
✅ Deposit insurance on capital invested
✅ Trading with a leverage
✅ No wallet setup required
❌ no possession of a real cryptocurrency
❌ high fees for long-term investors
Buy real IOTA:
✅ Owning a real cryptocurrency
✅ Freedom and independence from third parties (exchanges, brokers)
✅ Lower fees for long-term investors
✅ No obligation to make additional contributions (only total loss possible)
❌ More time required to set up the external wallet
❌ Responsibility for the Private Key & no deposit insurance
The best brokers
BrokerTestInfoInvest
coinmerce

Bewertung

Read review

✅ Buy over 100 cryptocurrencies
✅ Direct purchase with Euro from 10 €
✅ Payment by SOFORT, SEPA, Giropay
✅ Buy and sell crypto on one platform
Etoro

Bewertung

Read review

✅ Buy 15 cryptocurrencies & CFDs
✅ Deposit insurance up to € 20,000
✅ Free demo account
✅ Minimum deposit: 180 €

**= Risk warning: 75% of retail CFD accounts lose money when trading CFDs from this provider.

Below are the instructions for Coinmerce.io and the eToro and Plus500 brokers. We will also show you how you can trade IOTA with Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and other cryptocurrencies on the popular exchange Binance.

Buy IOTA on Coinmerce

Guide: Buy IOTA fast and easy on coinmerce.io

The Dutch based cryptocurrency exchange Coinmerce.io is a still young exchange, which was founded in 2017, but has grown very fast and is enjoying increasing popularity. Coinmerce was founded by cryptocurrency enthusiasts to make buying and selling cryptocurrencies as easy and quick as possible for everyone. The all-in-one smartphone app from Coinmerce for iOS and Android is also available under this motto in the App Store and the Google Play Store. In order to make it as easy as possible for customers, Coinmerce also offers a wallet where the cryptocurrencies purchased can be stored.

The following video of Coinmerce offers a good overview of all features of the exchange:

In order to buy IOTA, you must first create a new account. Go to the homepage of coinmerce.io (click here!*) and click the red “Create account” button. You must then enter your personal information correctly. Thereby you have to make sure that this data matches with the data on your identity document required for a Level 2 account. You will be asked to enter your name, e-mail address, gender, nationality, date of birth, e-mail address and telephone number. After you have also entered a password, you can click “Register”. You will then receive a message that a verification link has been sent to you by e-mail.

You have to confirm this link via the received e-mail. You can then register with Coinmerce for the first time. As you will carry out Fiat money transactions on your account, Coinmerce is legally obliged to request in advance some data necessary for the Know Your Customer process (to implement the European Union Directive on Anti-Money Laundering and Anti-Terror Financing).

>> Register on Coinmerce now* <<

Verification and limits for the purchase of IOTA

With Coinmerce, there are different levels of verification and associated limits on how much you can trade daily, weekly or monthly.

  • Level 1 (bank verification)

For level 1 you need to verify your bank account. This is mandatory for the purchase and sale of cryptocurrencies at Coinmerce. You can verify your bank account with iDeal or Sepa. You can do this via “Settings” -> “Security settings” -> “Bank“:

coinmerce verification

  • Level 2 (identity check)

For Level 2 you will need to upload a valid ID card such as ID card, passport or driver’s license to Coinmerce. With a Level 2 account you can trade up to € 20,000 per day and € 60,000 per week.

  • Level 3 (contact support)

If the aforementioned limits are not sufficient for you, you can apply for Level 3. Coinmerce requires proof of your source of funds, proof of residence and a Skype call. To request Level 3, you must contact the Coinmerce customer support team.

The table below provides an overview of the verification levels, processing times, transaction fees by payment method, and limits by level:

Payment methodFeesDepositWithdrawalCountriesLevel 1 Limit (24h)Level 2 Limit (24h)
Coinmerce Coins0.00 EURimmediatelyimmediatelyworldwide500 EURUnlimited
iDeal0.30 EURimmediatelyimmediatelyNetherlands500 EUR20.000 EUR
SEPA0.00 EUR1-2 working days1-2 working daysEurope500 EUR20.000 EUR
Giropay1,8% + 0.30 EURimmediately 3-5 working daysGermany500 EUR2.000 EUR
SOFORT2% + 0.30 EURimmediately 1-3 working daysAustria, Belgium, Switzerland, Germany, Spain, France500 EUR10.000 EUR
Bancontact1,3% + 0.40 EURimmediately1-3 working daysBelgium500 EUR5.000 EUR
EPS1,8% + 0.30 EURimmediately1-3 working daysAustria500 EUR20.000 EUR

As you may have noticed, there is a Coinmerce Coin. This one is special. The Coinmerce Coin is always worth 1 Euro. The coin will give you the opportunity to secure your return if you want to actively trade and cash out. In addition, transactions with the Coinmerce Coin are completely free of charge. There are no transaction fees for the purchase when using the Coinmerce Coin. In addition, the transaction time will also be shortened.

Buy IOTA by SEPA, SOFORT or GiroPay

The actual purchase of IOTA on Coinmerce is done very quickly and very easy to complete. You go to the homepage of Coinmerce and then select IOTA (MIOTA) in the dropdown. After the purchase the IOTA will be credited to your Coinmerce Wallet. In the wallet you have the possibility to transfer the IOTA to an external wallet.
The wallet from Coinmerce is from our point of view a good, but not optimal solution for the storage of IOTA, as exchanges and brokers have been hacked several times in the past and large amounts of cryptocurrencies have been stolen. A more recommendable alternative is a desktop or hardware wallet (the Ledger Nano S or the Trezor Hardware Wallet). The next step is to explain how to install the free IOTA Trinity Wallet.

>> Buy IOTA on Coinmerce* <<

Best IOTA Wallet: The Trinity Wallet

The most recommendable IOTA from our point of view is the Trinity Wallet, which is officially sponsored by IOTA. A major advantage of the IOTA Trinity Wallet is that it is an open source wallet developed by the IOTA developer community. This makes the source code visible and transparent for everyone. In addition, the IOTA Trinity Wallet has a very clear and intuitive user interface. It is also available as a desktop as well as a mobile wallet. The security of the wallet is also very praiseworthy. The Trinity Wallet offers a so-called “Seed Vault” and biometric authentication. The only disadvantage, which should not go unmentioned, is that the Trinity Wallet is currently (June 2019) still in the beta version.

To download the IOTA Trinity Wallet, you must first visit the official website and download the wallet. If you click on this link (click!), you will get to the homepage. Right at the top right you will find the button “Download“. Click the button. Then you have to decide whether you want a desktop or mobile wallet (for the smartphone). You also have the choice between the different operating systems. Depending on your phone’s operating system, you may need to download the Android or Apple version from the Google Play Store or App Store on your phone.

install guide for iota trinity wallet

We will show you the installation using the Windows desktop version of the IOTA Trinity Wallet as an example. The installation works basically like a “normal” program for your PC. Once the download is complete, you can install the software. Depending on which browser you are using, this step will differ slightly. In the end you only have to start the download file.

After running the file, you can select your language (English, German, Spanish, Portuguese, French, etc.) and accept the terms of use. You will then be asked if you want to generate a new seed.

create IOTA trinity Wallet

Since you want to create a new wallet, you have to select “Yes, I need a Seed”. The “seed” at IOTA is a string of 81 characters, which are your key to the wallet if you lose your password or change your smartphone. The Trinity Wallet uses a random generator to generate the seed. In the next step you have to select another 10 letters to complete the seed. Afterwards you have to define an account name, which you can choose freely. Since it is extremely important that you write down the seed safely somewhere, the IOTA Trinity Wallet offers you three ways to backup the seed.

IOTA Trinity Wallet Backup

The recommended solution by IOTA is the export of the “Seed Vault”. You create an encrypted file that contains the seed and which you can then store on one or more external devices or data carriers. The process is very simple and well described and should therefore not be a problem. If you have saved the “Seed”, you can simply import it by drag and drop (the file with the extension “.kdbx”). After that you have to enter your key and click “Import SeedVault”.

iota trinity wallet erstellen

Last but not least you only have to think of a password for the login into the wallet. You have now completely set up the IOTA Trinity Wallet. If you want to change something in your input in the future, you can do this in the “Settings”.

The Dashboard of the Wallet is very simple and clearly arranged:

iota trinity wallet dashboard

To get IOTA, click on “Receive” and “Generate Address“. Then you can copy the address to your clipboard using the “Copy Address” button and then paste it into a cryptocurrency exchange such as Coinmerce to send your IOTA to the wallet.

>> Register on Coinmerce now* <<

Buy IOTA on eToro

Another reliable retailer to buy IOTA is from our experience eToro. The biggest advantage of this platform is the deposit protection per customer up to a value of 20.000 Euro.

The first step is to go to the official website etoro.com (click on this link!)*. Then click on the green button “Register now”. Then a new window will open where you have to enter your first and last name, e-mail, password, telephone number and a user name.

eToro sign up process

Once you have successfully done this, you will also need to accept the Terms of Use and Privacy Policy. Then you can click on the blue button “Create account”.

>> Start trading on eToro* <<

Risk warning: 75% of retail CFD accounts lose money when trading CFDs from this provider.

Limits for the purchase of IOTA from eToro

Once you have successfully completed these steps, you will automatically be logged into your account. Your current account is subject to certain deposit limits as you have not yet fully verified your identity. This means that the initial deposit limit is 2,000 euros.

Below you will find an overview of all payment options that depend on your place of residence and their limits.
Payment method Country Time to credit Maximum amount per transaction

Method of paymentCountriesTime of transferMaximum par transaction
Credit cardworldwideImmediately$40.000
Giropay, SOFORTGermanyup to 1 working day$30.000
NetellerUK (Great Britain)Immediately$10.000
PayPalLuxembourgImmediately$20.000
Skrill Limited UKUK (Great Britain)Immediately$10.000
WebMoneyUK (Great Britain)Immediately$50.000
Virement bancaireworldwideBank wireUnlimited
YandexRussiaImmediately5.000 RUB

In order to use the full functionality of eToro, you need to prove your identity and address, as well as a tax number. This process is necessary in connection with the strict provisions of EU law and is already an integral part of the secure operation of the platforms on many other stock exchanges. Verification is completely free and can be done in a few simple steps. Click on the “Edit” button on your profile. There the necessary documents are listed, which must be submitted in order to activate the full range of functions.

Now you can deposit money. All you have to do is select “Deposit money” in the lower left corner and then enter your preferred payment method. Depending on the type of deposit (see table above), the credit will be either slightly faster or slower. Now you can go directly to purchasing IOTA.

Buy IOTA at eToro

As already described in the introduction, eToro has the special feature that the platform is both a stock exchange and a broker. This means that both “real” IOTA and IOTA CFDs can be purchased.

When trading on eToro you should be aware of the following:
All buy positions without leverage will be traded as a real asset. Your investment at eToro will then be secured with real IOTA. This means that eToro buys the IOTAin your name and stores it in a separate account under your name.

In contrast, all buy positions with leverage are executed as CFDs. CFDs are so-called derivatives – a security whose value or performance depends on the performance of one or more underlying assets. They are specialized and popular over-the-counter (OTC) financial products that allow traders to easily open positions in a variety of different financial markets. The underlying asset – IOTA – is not acquired by the investor. All you receive is a certificate.

Buy “real” IOTA

EToro currently offers 15 different cryptocurrencies for trading, including IOTA. To buy “real” IOTA, you must first click on “Trade Markets” and then on “Crypto” and then on IOTA. The following overview is then relatively self-explanatory.

Buy IOTA on eTroro

The letter “B” stands for buy IOTA and “S” for sell IOTA. Click on the “B” in the IOTA line to start the purchase. Then you only have to enter the amount of IOTA you want to buy. Then click on “Buy” (without changing any other setting) and your transaction will be executed within a few seconds. Now you have already bought IOTA easily and quickly. The IOTA are now stored on your eToro account / wallet.

Buy IOTA CFDs

The purchase of IOTA CFDs on eToro is very similar to the “real” purchase of the cryptocurrency IOTA. To buy IOTA CFD, you must first click on “B” to buy IOTA again. After that you get to the usual overview.

Buy IOTA CFDs

Here you set the amount of money you want to invest in this trade as usual. Afterwards you have to adjust the leverage multiplier “X2”. (For cryptocurrencies, eToro currently doesn’t offer a bigger leverage.) Then you should check your stop loss and take profit settings. A stop-loss limit is very important to limit the possible risk. Then you can open the trade. This is executed immediately when the market is open.

Stop Loss means that you close a trade if the IOTA price reaches a fixed market price or an amount of money that you can set. Take Profit determines when your trade is automatically closed when the profit of your trade reaches the amount you have chosen. It is also important to know that overnight fees (also called rollover fees) are charged by eToro. These will appear in the pop-up window before you place your order (see screenshot).

>> Buy and sell IOTA CFDs on eToro* <<

Risk warning: 75% of retail CFD accounts lose money when trading CFDs from this provider.

The eToro Wallet

Since March 2019 eToro offers the possibility to manage single cryptocurrencies – Bitcoin, Bitcoin Cash, Ethereum, Litecoin and XRP – on a mobile wallet (an app). The app makes it possible to withdraw your own “real” cryptocurrencies from the exchange and send them to an external wallet.

Unfortunately, IOTA cannot yet be managed via the eToro Wallet (as of June 2019). So you are forced to keep the IOTA on eToro. As soon as there is news that IOTA can be transferred to the eToro Mobil Wallet, we will inform you!

Minimum Deposits and Processing Fees

When trading on eToro, you need to be aware of the following:

  • All trading accounts are in US dollars (and not euros). That’s why your deposit will be converted into US dollars immediately. This is done at the current exchange rate, but please note that there is a conversion fee.
  • The minimum deposit for all deposits other than the first deposit must be at least USD 50. A minimum of 500 USD is required for deposits made by bank transfer.
  • A withdrawal handling fee will be charged for withdrawals. You will see the respective withdrawal fee in the cashier area after you have entered the withdrawal amount. For payouts greater than 50 USD, this is 25 USD.

Is eToro safe and recommendable?

From our point of view, this question is very important because the management of private keys is delegated to a broker. The user gives the control over his own assets to a third party, here: eToro! This makes it all the more important that the broker is reputable and trustworthy.

From our point of view, this is clearly the case with eToro. As a rule, customer deposits are always well secured when the respective broker is supervised by a regulatory authority. EToro is immediately controlled by supervisory authorities that are considered very accurate and strict in flare trips:

  • CySEC: As eToro has part of its registered office in Cyprus, the Cypriot CySEC is responsible for monitoring.
  • FCA: As eToro has also established a subsidiary in the UK, FCA in the UK is also responsible for the control of eToro.

The broker also actively protects customer deposits by keeping them separate from the company’s assets. Even if the broker were to become insolvent, the customer’s money would not flow into the insolvency estate.

>> Buy and sell IOTA on eToro* <<

Risk warning: 75% of retail CFD accounts lose money when trading CFDs from this provider.

Legal notice:
eToro is a multi-asset platform that offers equity and crypto currency investments as well as CFD asset trading.

CFDs are complex financial instruments. Because of the leverage effect, they carry a high risk of losing money quickly. 75% of private investor accounts lose money when trading CFDs with this provider.

Please be aware of the risks of CFD trading in advance, as high losses cannot be ruled out.

Crypto currencies are not regulated and their prices can fluctuate widely. This is why crypto currencies are not suitable for all investors. The trading of crypto currencies is not subject to any supervision by the EU regulatory authorities. Your capital is exposed to risks.

.

IOTA CFDs on Plus500

Another reputable IOTA broker where you can buy IOTA CFDs is, in our experience, Plus500. The user interface is very simple and clearly arranged.

Buy IOTA CFDs on Plus500

The first step to purchase IOTA CFDs on Plus500 is to visit the official plus500.com website (click on this link!*). Enter the email address you wish to use for your account now and enter a password. Then you can create an account.

You will now be logged in automatically and will be taken to the user interface. To buy cryptocurrencies, especially IOTA, click in the left bar on “Crypto Currencies” and then on “Buy” (framed in red in the screenshot).

Guide how to buy IOTA on Plus500

You will now be taken to a new menu where you will need to enter and confirm some personal information. Fill in the required fields and click on the “Enter” button in the lower left corner.

Afterwards you have to answer some questions about your investment experience. Don’t worry, even if you can’t answer all these questions correctly, you can still buy IOTA. Once you have successfully answered the questions, you will be taken to the next step to set up your account. You need to upload the following documents to Plus500 and verify the following information:

  • Front and back of your passport
  • Proof of residence (e.g. a telephone or electricity bill)
  • Verify phone number
  • Verify email address

>> Buy and sell IOTA on Plus500 as CFD* <<

Risk Warning: 80.6% of retail CFD accounts lose money.

To deposit money into your account, click on “Funds” in the left bar and then on “Deposit” – both are highlighted in red in the screenshot.

Deposit money on Plus500 for IOTA

You will then be taken to a new page where you can select different payment methods. The following IOTA purchase options are available to you:

  • Deposit via Credit card or Debit card
  • Paypal
  • Bank transfer
  • GiroPay
  • SOFORT

The following table shows the respective deposit method, as well as the minimum and maximum deposit amount.

Credit / Debit cardPayPalSEPA bankwireGiropaySOFORT
Minimun100 €100 €500 €100 €100 €
Maximum40.000 €40.000 €60.000 €18.000 €18.000 €

Once you have selected the deposit method that suits you best and deposited the money, you can proceed to purchase IOTA. Click again on the tab “Crypto currencies” and then on “Buy” at IOTA.

Buy IOTA on Plus500

Now you have to enter in the free field how many IOTA contracts you want to buy. You can also trade with levers and make settings to close your buy position on profit or loss.  If you click on Buy now, you will immediately receive your selected amount credited to your account. Now you are owner of IOTA CFDs.

>> Buy and sell IOTA on Plus500 as CFD* <<

Risk Warning: 80.6% of retail CFD accounts lose money.

Trade IOTA on Binance

Binance is one of the world’s largest and most popular stock exchanges, which is not only very secure, but also particularly user-friendly. Until recently (May 2019) it was not possible to buy cryptocurrencies with Euro (or US Dollar) on Binance. This has changed. Besides trading you now have the possibility to buy Bitcoin, Bitcoin Cash, XRP, Ethereum and Litecoin by credit card. As you have probably just noticed, IOTA is not included at the moment, so you only have the possibility to exchange IOTA on Binance for another cryptocurrency.

But first you have to register on Binance. To do this, click on this link (Binance.com) and register*. Unlike many other exchanges, you can verify your identity with Binance, but this is not mandatory. The limits per day are 2 Bitcoin, which corresponds to an approximate value of almost 14,000 euros at present. You can therefore use all functions of Binance without verification. However, it may be advisable to submit the necessary documents to reach a higher limit of 100 BTC.

Step 1: Buy / trade Bitcoin by credit card

Once you are registered, you can buy Bitcoin by credit card on Binance and trade against IOTA. The menu item for the purchase of Bitcoin by credit card can be found in the right part of the menu under “Funds” and “Buy with Credit Card“. Then you will see the following view. Here you have to select “BTC“.

It is important to know that Binance uses the third-party provider “Simplex” to process the purchase. In addition, verification of your identity is required (as opposed to when you “only” use the Exchange).

The purchase process is relatively self-explanatory. In the following we have written a short summary of the steps:

  1. Choose “BTC” and the currency you want to pay in (Euro or USD).
  2. Fill in the fields with the personal data.
  3. Verify your email and phone number with a code.
  4. Go back to the website and click “Next” .
  5. Enter your credit card information.
  6. Upload your documents to verify your identity (front and back of your passport).

Before and after the purchase there are some things to keep in mind:

  • The given Bitcoin amount is based on the current price and is not final, but will be calculated later! However, if the rate changes by more than +/-2.5%, you will be asked to reconfirm the transaction by email from Simplex.
  • Once the payment is complete, you can check your payment status and deposit history on Simplex.
  • The Simplex fee is 3.5% per transaction or USD 10, whichever is higher.
  • The daily limit is 20,000 USD per user. The monthly limit is 50,000 USD per user.
  • The minimum amount (the minimum) for a transaction is currently USD 50.

>> Buy Bitcoin on Binance* <<

Step 2: Guide how to trade IOTA

After you see the Bitcoin on your Binance account, you can start the trade against IOTA. We will show you exemplary how you can exchange Bitcoin (BTC) for IOTA (MIOTA).

Alternatively, you can of course also transfer Bitcoin from another exchange or wallet to Binance. You can send the BTC directly to the wallet address of Binance. If you don’t own a Bitcoin yet, you can also buy BTC on Litebit with SEPA or via SOFORT. During the purchase process, you simply enter the Bitcoin Wallet address of Binance so that Litebit can transfer the BTC to Binance immediately after the transaction has been successfully completed.

To find out the “Receive address” of your Binance Wallet, click on “Funds” in the navigation bar and then on “Deposits“. You can then enter BTC in the search field and select Bitcoin.

Buy Bitcoin with credit card on binance

In the following field you will be shown a Bitcoin deposit address. You must enter this in the “Receive address” field on Litebit during the purchase process if you want to buy BTC on Litebit and then transfer it to Binance.

Purchase Bitcoin with credit card on binance

Either way, you should now have Bitcoin on your Binance Wallet. Now there are only two small steps left to purchase IOTA on Binance. Next to the Binance logo in the top left-hand corner, there is the menu item “Exchange” and below it “Basic“. Select this menu item. Afterwards you get to the following overview (see screenshot below). In the search field (next to the red arrow (2.)) enter “IOTA” and click on IOTA/BTC (step 3).

Trade IOTA on Binance

The display below the price chart then changes. Now you see the following view (below the price chart):

Buy IOTA on Binance

First you have to decide what kind of purchase you want to make. You can choose between “Limit“, “Market” and “Stop-Limit“.

A limit order is an order placed in the order book at a limit price you specify. This means that the trade will only be executed when the market price reaches your limit price. If the market price does not reach the price you set, the limit order remains open. You can delete them at any time. A “limit” order should therefore always be used when you are not in a hurry to buy or sell or want to achieve a certain price.

In contrast, a market order is executed immediately at the current market price (see arrow number 4.). Accordingly, the market order is particularly suitable for beginners and investors who want to sell or buy quickly.

Since you want to sell your Bitcoin and get IOTA for it, you have to use the left field “Buy IOTA”. In the line “Amount” you enter how much IOTA you want to buy. The “Price” line is preset with the “Market Price”, which indicates that you are buying at the market price. When you have entered everything, you can click on “Buy IOTA”.

>> Trade IOTA on Binance* <<

Normally you will see the IOTA on your Binance Wallet within a few seconds. As with Litebit, however, we recommend transferring the IOTA to an external wallet. This will greatly increase the security of your IOTA, as Binance has already been the victim of a Bitcoin hack in May 2019 (during which 7,000 BTC were stolen). A corresponding manual for the IOTA Trinity Wallet can be found above.

If our purchase instructions have helped you, please rate them:

1 Star2 Stars3 Stars4 Stars5 Stars (4 votes, average: 5.00 out of 5)
Loading...

If you have any further questions, please feel free to write us a comment, we will be happy to help you!

Last Updated on

About Author

Jake Simmons

Jake Simmons has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he's been involved with the subject every day. Beyond cryptocurrencies, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. At CNF he is responsible for technical issues. His goal is to make the world aware of cryptocurrencies in a simple and understandable way.

Leave A Reply

Send this to a friend