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How to buy IOTA

Congratulations on diving into the world of cryptocurrency! Starting out can seem daunting, but rest assured, it’s not. Buying IOTA could be a fantastic choice, and here’s all the information you need to get started!

Step 1: Choose a Cryptocurrency Exchange

To start buying IOTA, you will need to choose a cryptocurrency exchange. Crypto exchanges are platforms that enable users to buy or sell specific cryptos. Popular exchanges that support IOTA include Coinbase, Binance, and Kraken. I personally use these three as they are the most reputable and provide good security measures. Click on this link to get started on Binance.

VictorCoinbase
VictorBinance
VictorKraken

Step 2: Create an Account

Once you’ve chosen an exchange, you’ll need to set up an account. This usually requires you to provide your email address, create a password, and often verify your identity for security reasons. Simply follow the steps outlined by the platform.

Step 3: Deposit Funds

Once your account is set up, it’s time to deposit funds. You can use bank transfers, credit cards, or even other cryptocurrencies to fund your account. Choose the method that best suits your needs by searching ’Deposit funds’ on the platform. You don’t want to buy crypto directly with your card as you will pay expensive fees.

Step 4: Purchase IOTA

Now that your account is funded, you can purchase IOTA. Start by navigating to ’Trade’ in the menu and selecting ’Spot’. You’ll arrive at a page with lots of data—don’t worry, it’s simpler than it looks. This page uses pairings. In the search bar on the right, type ’IOTA’ to see all the available pairings for buying IOTA. For example, if you deposited dollars, you would choose the IOTA/USD pairing. Once you’ve made your selection, scroll down and click ’Market’ in the ’Spot’ section. Enter the amount you wish to spend and click ’Buy’.

Congratulations, your favorite crypto is now yours!

Step 5: Secure Your IOTA

Your IOTA are now available in your dashboard and are securely held by the exchange. For extra control and security over your cryptos, consider investing in a hardware wallet. I recommend every user who allocates a significant portion of their portfolio to crypto to get one to maximize security.

Conclusion

That’s it, you are now part of the crypto community! Welcome and enjoy your journey into cryptocurrency!