A Step-by-Step-Guide on how to buy IOTA (MIOTA)
Step 1 – Signup to CEX.io You'll first need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Crypto Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. IOTA (MIOTA) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this manual) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, and so on. If you are dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate IOTA (MIOTA) Once your deposit has been approved, you will immediately have access to your funds and you can initiate buying and trading. To buy IOTA (MIOTA) on Binance, you will want to go to the ”Exchange” tab and click on “Basic”. To find IOTA (MIOTA), you will need to put the shortname of the coin (MIOTA) into the search-box, which is marked in the picture. Be certain of having selected the right grouping, we have marked this also. Click on “MIOTA/BTC” to go ahead.
Step 4 – Purchasing IOTA (MIOTA) After you've discovered IOTA (MIOTA), you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our Limit Order. The ”Price” field will be automatically filled with the most up-to-date price IOTA (MIOTA) was sold for. You can change this to your favoured price. The ”Amount” field is the amount of MIOTA you like to buy. The ”Total” field is the total price in Bitcoin that you will settle for the complete amount of MIOTA. When you're satisfied, make a mouse click on “Buy MIOTA”. Your plan will be filled as soon as a Vendor sells their MIOTA for the price you offered.
Step 5 – Withdraw IOTA (MIOTA) Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an extensive time period. To withdraw your IOTA (MIOTA), hover over the tab called “Funds” and mouse click on “Withdraw”. IOTA (MIOTA) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find IOTA (MIOTA) by using the provided drop-down box. Put into the amount of IOTA (MIOTA) you'd like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address. If you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.