How do I buy IOTA tokens?

Altcoins

How do I buy IOTA tokens?

How to buy and trade Iota (IOTA)?

Photo: bitfinex. com Screenshot
22. 08. 2017

The IOTA token is considered the crypt diet for Internet-of-Things. IOTA thus combines two of the most exciting future topics: blockchain and IoT. This makes the iota token one of the most interesting old coins currently on the market. But how and where can IOTA be bought and traded?


Table of Contents

  • What is IOTA and what are the advantages of IOTA?
  • Buy IOTA Tokens

What is IOTA and what does IOTA offer?

IOTA is the cryptry for Internet-of-Things (IoT). But what does this mean? IOTA provides a platform so that all machines can communicate with each other (machine-to-machine communication). Thus the alarm clock can start the coffee machine, which then starts the heating in the car, so that in winter at minus temperatures, a pleasant journey is possible from the beginning. And if the coffee beans tend to end, the coffee machine automatically orders new fresh beans from the dealer of the trust. The dealer is of course paid for IOTA through Machine-to-Machine-Payment.

first Step: Buy bitcoins (optional)

Photo: © "coinbase Screenshot" If there are already bitcoins, this step can be skipped.

The easiest way to buy Bitcoin is via

Coinbase

*. Just for Coinbase. com. The registration is free and is completed in 3 minutes. However, in order to make bitcoins, For example, by purchasing a credit card, the account must be verified:

Before the purchase of Bitcoins, another security step must be carried out at Coinbase: the verification of one's own person. This is another hurdle, but also a further safety feature in the serious bitcoin trade. After clicking on "Buy / Sell" a verification is offered by Netverify. Verification works very simply:

Proof ID, passport or driving license Show ID document in the webcam Wait 1-2 minutes

Done!

  • Tip: If a webcam is not available, a verification by smartphone also works very easily. Download the Coinbase app (iOS or Android) and capture the ID document via smartphone.
  • More instructions: Buy Bitcoins
  • For detailed review: Buy Bitcoins on Coinbase
  • More articles:

Where can I buy Bitcoins (BTC)?

second Step: Account at bitfinex. com

Photo: © "bitfinex.com Screenshot" Until now, IOTA tokens can only be found on the crypt-exchange exchange

bitfinex. com * .

By clicking on the link or by specifying the referrer code "

Jrj9ZLgadc

" saves your 10% on the trading fees in the first 30 days. Only one e-mail address and password are required to register with Bitfinex. For the password, a very secure number character string with at least 8 characters (better than 32 characters) should be selected. Photo: © "bitfinex.com Screenshot" After clicking the link in the confirmation e-mail, the Bitfinex account is unlocked.

third Step: Bitcoins on bitfinex. com In the third step, bitcoins are passed to the Bitfinex account * . To do this, you must copy the Exchange wallet address and assign the Bitcoin to the Bitcoin

Deposit

"under"

Bitcoin

".

Photo: © "bitfinex.com Screenshot" For example, you can send an arbitrary set of bitcoins to Coinbase via " Send ". After at least three confirmations, the bitcoins are credited to the account and can be traded. 4th Step: IOTA on bitfinex. com Trading Under "Trading", the crypt "Iota" and the trading parity "Iota / BTC" can be selected. Then enter the desired number of IOTA tokens in the "Order Form" box and enter the trade price. After clicking "Exchange Buy" the IOTA Tokens are offered to Bitcoin at the above mentioned conditions. Photo: © "bitfinex.com Screenshot" If another dealer wants to sell at these conditions, the trade comes to a standstill. In our test, this took about 1 minute, after which the IOTA Tokens were credited directly to the Bitfinex account. These can then be viewed under "Balances" under "Exchange".