How to Buy IOTA (MIOTA) in 2022

Where to Buy IOTA?

What follows are detailed reviews of the best places to buy IOTA, explaining the pros and cons of each platform.

1. eToro – Overall Best Place to Buy IOTA

eToro takes number one as the best place to buy IOTA due to its ease of use and the diverse selection of services it offers on its platform.

You can purchase MIOTA with as little as $10, which is also the minimum deposit, making it a great choice for beginner investors. Additionally, eToro has a standard transparent fee of 1%, making it an affordable way to buy MIOTA.

Along with IOTA, you have the option to trade over 70 different cryptocurrencies. And it doesn’t stop with crypto—you can trade stocks, forex, and ETFs, making it a good platform for those who want to invest in various types of assets. 

eToro makes it extremely simple to buy MIOTA. It’s a user-friendly platform with a set of trading tools that make it the perfect choice for investors of all experience levels.

With a trading platform, storage wallet, and staking service, eToro is the best choice for investing in IOTA. One unique aspect that differentiates eToro from competitors is its CopyTrader feature, which allows you to copy the trades of professional traders. 

Lastly, in the USA eToro is registered with FinCEN and a member of FINRA and SIPC. In the UK, the platform is regulated by the FCA, ensuring your investment portfolio is safe. Read our full eToro review here.

Pros

  • Transparent fees

  • $10 minimum deposit

  • Social investing features

  • Regulated, with strong security

  • Simple to use

  • Educational resources

  • Mobile app

Cons

2. Binance – Best Place to Buy IOTA With Low Fees

Binance homapge

Binance takes a spot in our top five as it provides the lowest trading fees on the market. You will only need to pay 0.1% on each trade, or less if you are in a higher loyalty tier. Crypto deposits are free, as well as some methods of fiat deposit and withdrawal, though others incur a fee.

With over 600 other cryptocurrencies, Binance is one of the best platforms if you’re interested in purchasing new and obscure coins in addition to IOTA. You can learn all about IOTA, blockchain, and trading with the wealth of educational resources available in the Binance Academy.

Binance caters to experienced IOTA traders, providing customisable charts, indicators, and the ability to trade with leverage. Newbies aren’t left out, however, as Binance’s convert feature makes it simple to swap between coins with a couple of clicks. What’s more, you can earn an estimated 2% APR on your IOTA with Binance Flexible Savings.

You can create a Binance account and verify your identity in a matter of minutes, then make a deposit of at least $50 with your chosen payment method. The minimum amount of IOTA you can buy is $10, and you will be charged 0.5 IOTA if you want to withdraw it on the IOTA blockchain. Read our full Binance review here.

Pros

Cons

  • Minimum deposit is higher than other platforms

  • Somewhat limited choice of payment methods

  • Regulatory issues in certain countries

3. Bitpanda – Best Place to Buy IOTA Securely

Bitpanda homepage

If you’re looking for a safe way to buy IOTA, Bitpanda could be the platform for you. It has an excellent rating on Trustpilot and is fully licensed. Bitpanda keeps users’ assets secure in offline storage and is in full compliance with anti-money laundering regulations.

There are over 200 other cryptocurrencies available on the platform, and what makes Bitpanda unique is that you can swap your MIOTA directly with the other asset types available, such as stocks, ETFs, and metals.

You can use Bitpanda’s savings plan to set up recurring purchases of IOTA, and use the mobile app to trade IOTA from anywhere. You can even spend your MIOTA with the Bitpanda Card.

The Helpdesk provides useful information on how to use the platform, and you can learn all about crypto, blockchain, and trading in the academy. For any other questions, you can contact Bitpanda’s helpful customer support.

You will need to make an initial deposit of at least $25, for which there is a range of available payment options. There is a 1.49% premium included in the quoted price of MIOTA, and you can purchase as little as $1.50 or €1 of the cryptocurrency.

Pros

  • Strong security

  • Regulated

  • Excellent rating on Trustpilot

  • Over 200 other cryptocurrencies

  • Swap MIOTA with traditional financial instruments

  • Low minimum trade size

  • Choice of deposit methods

  • Educational materials

  • Mobile app

Cons

4. Capital.com – Best Place to Trade IOTA CFDs

Capital.com homepage

If you want to be able to profit from changes in the price of MIOTA without going to the trouble of owning and storing it, then the IOTA CFDs traded on Capital.com should be your first port of call.

Although CFDs are a high-risk way of trading MIOTA, Capital.com helps you manage this risk with a range of tools such as negative balance protection. There are trading guides, online courses, and a financial education app available for beginners, and you can even practise MIOTA trading risk-free in a virtual account.

Capital.com provides experienced traders with all the advanced tools and features they need, including client sentiment, price alerts, technical indicators, and AI-powered post-trade analysis. The platform lets you trade MIOTA with up to 30x leverage.

There are plenty of other cryptocurrencies to trade alongside IOTA, as Capital.com has hundreds of crypto trading pairs, as well as thousands of more traditional assets, like stocks, forex, commodities, and indices.

You’ll need to create and verify an account before you can make a minimum deposit of at least $20. There are no commissions or fees for deposits or withdrawals. The overnight fees vary, and Capital.com’s crypto CFDs have floating spreads. Read our full Capital.com review here.

Pros

  • Seamlessly trade IOTA CFDs

  • Regulated and secure

  • Tools for risk management

  • Financial education app

  • Demo account

  • Trade other cryptocurrencies and traditional financial instruments

  • Order execution is fast

  • Free deposits/withdrawals and no commission

  • Mobile app

Cons

73.81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

5. OKX – Best Exchange to Buy IOTA for Advanced TradersOKX homepage

Experienced traders will find plenty to satisfy them on OKX’s feature-rich platform, including charting tools, a range of order types, and technical indicators. There are more than 340 cryptocurrencies available in addition to IOTA, and you can set up arbitrage orders and smart portfolios with the trading bot. 

There are margin trading and IOTA derivatives available. What’s more, once you’ve bought some MIOTA, you have the opportunity to earn more by putting it into OKX’s flexible savings account for an estimated 1% APY.

There is a good range of articles, tutorials, and analyses in the Learn section of the website, and OKX keeps your MIOTA safe with offline storage, emergency backups, and a semi-offline multi-signature mechanism for online storage.

The minimum deposit is 0.00000001 MIOTA, and the minimum trade size is 1 MIOTA. You can’t make fiat deposits on OKX, but the trading fees are very competitive at up to 0.1%.

Pros

Cons


About Editorial Staff 10374 Articles
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