A Step-by-Step-Guide on how to buy IOTA (MIOTA)
Step 1 – Join Coinbase and get 10$ for free In the beginning you'll need to buy units of the major currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below to register and getting your first 10$.
Step 2 – Transmit Your Funds to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. IOTA (MIOTA) is available on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to) Make sure you have selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate (MIOTA) IOTA Once your deposit has been verified, you'll directly have access to your funds and you can start buying and trading. To buy (MIOTA) IOTA on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to spot (MIOTA) IOTA, you'll need to put the shortname of the coin (MIOTA) into the search box, which is highlighted in the picture. Make sure you have selected the right pairing, we've highlighted this too. Click on “MIOTA/BTC” to progress.
Step 4 – Purchasing (MIOTA) IOTA After you've discovered (MIOTA) IOTA, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our Limit Order. The ”Price” field will be filled with the most latest valuation (MIOTA) IOTA was traded for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of MIOTA you want to buy. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete volumen of MIOTA. If you're satisfied, make a mouse click on “Buy MIOTA”. Your order will be filled as soon as a Seller sells their MIOTA for the price you offered.
Step 5 – Withdraw (MIOTA) IOTA Unless you are frequently trading, you should never keepyour coins on an Crypto Trader for an longer time frame. To take off your (MIOTA) IOTA, go to the ”Funds” tab and mouse click on “Withdraw”. (MIOTA) IOTA can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (MIOTA) IOTA by using the provided drop-down box. Enter the volumen of (MIOTA) IOTA you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.