Buy IOTA via crypto exchanges
Digital currency exchanges open up another way to buy Bitcoin, Ethereum and other cryptocurrencies. Among the best-known trading exchanges CEX.IO, Kraken, Bitstamp and Paymium. Buying IOTA on crypto exchanges has only been possible since 2017. The reason: The new technology (IOTA is not based on a blockchain, but on the data structure “Directed Acyclic Graph-DAG”) and the associated development effort.
If you have decided to buy IOTA via an exchange, then you only have to choose an IOTA exchange, for example Bitfinex. Bitfinex has been around since 2013, is the world’s largest exchange for cryptocurrencies and thus also the largest online exchange for IOTA. An alternative is Binance, a crypto exchange headquartered in Shanghai. Although IOTA can currently only be bought Bitfinex and Binance, IOTA has risen to become one of the five most important crypto currencies in a very short time – measured by market capitalization.
To be able to buy IOTA, you must first own Bitcoin or Ethereum. You then have to transfer Bitcoin or Ethereum to Binance, for example, and can then buy IOTA there with Bitcoin or Ethereum.
Important: The rates for the individual Internet currencies can sometimes differ greatly from one another on the various trading platforms. Depending on the exchange, opening an account or verifying it can take several days. Since the IOTA price is very volatile, you should note that the value of IOTA can rise or fall sharply during this time.