A Step-by-Step-Guide on how to buy IOTA (MIOTA)
Step 1 – Join CEX.io You will first need to buy one of the bigger currencies. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Transfer Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. IOTA (MIOTA) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you've chosen the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate (MIOTA) IOTA As soon as your deposit has been approved, you'll instantly have access to your assets and you can initiate buying and trading. To buy (MIOTA) IOTA on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to locate (MIOTA) IOTA, you'll need to put the cointype (MIOTA) into the search-box, which is highlighted in the image. Be certain of having choosen the proper pairing, we've highlighted this also. Click on “MIOTA/BTC” to go on.
Step 4 – Acquisition of (MIOTA) IOTA Once you have spotted (MIOTA) IOTA, you'll be given a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent price (MIOTA) IOTA was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of MIOTA you wish to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of MIOTA. If you are satisfied, click on “Buy MIOTA”. Your order will be filled when a Seller sells their MIOTA for the price you gave.
Step 5 – Withdraw IOTA (MIOTA) Unless you're trading, never keep your coins on an Crypto Exchange for an extended period of time. In order to take off your IOTA (MIOTA), hover over the ”Funds” tab and click on “Withdraw”. IOTA (MIOTA) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find IOTA (MIOTA) by using the given drop-down box. Enter the quantity of IOTA (MIOTA) you'd like to take off. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're glad, click on “Submit”. You could be requested for email/phone verification before a withdrawal.