How To Buy IOTA In 2022? Our Guide To Safe & Affordable MIOTA Purchase!

Zalim
October 14, 2021
Buy IOTA: What should you pay attention to in order to buy IOTA cheaply and safely? Where is the best place to buy an IOTA?
How to buy IOTA in 2021 Our guide to safe & affordable MIOTA purchase!
Our Guide To Safe & Affordable MIOTA Purchase!

Since 2016, there has been an exceptional online currency: IOTA. The special feature: Instead of a blockchain, a so-called tangle is used.

This article shows how and where you can best buy IOTA, which exchanges there are, and whether you can also get MIOTA tokens with PayPal.

Table of Contents

Buy IOTA: What Should You Pay Attention To In Order To Buy IOTA Cheaply And Safely?

Since IOTA uses Tangle technology, there are some differences, for example, when buying Bitcoin. But, above all, one should pay attention to the following factors:

  • Where is the best place to buy an IOTA? We recommend TradeATF. Here you get to do with a broker regulated in the EU and has many other cryptocurrencies in addition to IOTA and offers forex or stock trading.
  • Do I want to hold or actively trade IOTA? That depends on your personal strategy. Just ask yourself if you believe in the future of IOTA or if trading should be your priority. Long-term portfolios can undoubtedly store the MIOTA tokens in a wallet. However, if you want to generate quick returns within a day, CFD trades might be suitable.
  • How does an IOTA wallet work? Quite simply via TradeATF itself. In addition, the IOTA Foundation’s Firefly Wallet is now also available. This serves as the primary point of contact for the tokens, assigns an address and can thus be used for sending and receiving digital currencies. With IOTA, in particular, it is important to always use the latest version of the wallet, as the network is constantly being renewed.
  • Is it worth investing in IOTA? IOTA is an interesting cryptocurrency. As a Germany based development, you set yourself apart from other cryptocurrencies by taking a completely different approach to the blockchain. Furthermore, numerous interested parties from industry and public institutions are already involved in projects. This undoubtedly makes cryptocurrency exciting.

How to buy IOTA

Where To Buy Cheap IOTA? Our Broker And Exchange Comparison – Buy IOTA With The Lowest Fees:

Rating

Min. Deposit

Min. Spread

Assets

Views

Positive Reviews

Negative Reviews

Likes

4.9/5
250
0.07
  • Commodities
  • Forex 40 +
  • Metals
  • Stocks
  • Indices
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85
2
4.5/5
250
0.07
  • Metals
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254
82
3
58
4.9/5
250
0.07
  • Forex 40+
  • Metals
  • Commodities
  • Stocks
  • Indices
  • Cryptocurrencies

 

480
80
3
50
How To Buy IOTA With Euros In South Africa? Buy IOTA Instructions For Beginners With TradeATF:

For those who find the instructions above too short, we will now show you in detail how to add IOTA to your portfolio. We use the broker TradeATF for this, as it offers the advantage that you can buy both real cryptocurrencies and CFDs – thus combining the advantages of a broker and an exchange.

We, Will, Go Into The Differences Between A Broker And An Exchange Below.

First Step: Registration With A Broker Or A Crypto Exchange

First, you register with a broker or a crypto exchange.

For our example, we have chosen TradeATF because we can buy real IOTA to hold as well as IOTA derivatives to speculate here.

First, we click the link to register for TradeATF:

In the form, we enter username, email and password and accept the terms and conditions:

We then receive an email for verification in which we click on the link to confirm the account.

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Second Step: Top Up Your Account

In the next step, we have to top up our account with money in order to be able to buy IOTA. To do this, we click on the “Deposit money” button at TradeATF:

Then we select the amount and payment method with which we would like to deposit, and then click on the “Send” button to deposit the amount.

Buy IOTA With PayPal And More

In our example, we show the purchase with a credit card. TradeATF also offers other deposit options :

Payment optionPossible?
IOTA buy with credit card✔️
Buy IOTA with PayPal✔️
Buy IOTA with Rapid Transfer✔️
Buy IOTA with Skrill✔️
Buy IOTA with bank transfer✔️
Buy IOTA with Neteller✔️
Buy IOTA with UnionPay✔️

Third Step: Buy IOTA Online With Euros

Now that we have topped up our account, we can begin the actual IOTA purchase. To do this, we click into the search field above and enter “IOTA” there.

Then we click on the “Trade” button.

A purchase window opens. Here we have the following options:

  1. Buy or sell: In our case, we have to put it on “Buy.”
  2. Trade or orders: Here, we can choose whether we want to execute the trade immediately (trade) or with a delay (order).
  3. Amount: How much IOTA we would like to buy
  4. Stop Loss and Take Profit: At what loss or profit our position should be automatically sold.
  5. Leverage: With what leverage do we want to buy IOTA. With lever X1 we buy real IOTA, with lever X2 we buy leveraged IOTA CFDs.

After we have configured all options, we click on the ” Open Trade ” button to complete the purchase.

Then we have the IOTA in our portfolio, the purchase is complete!

Broker Or Stock Exchange: Where Is The Best Place To Buy IOTA?

Now that we have shown how you can buy IOTA quickly, easily and safely, there are, of course, other ways.

The question of how and where best to buy IOTA is closely related to the second question, namely whether you want to hold IOTA for the long term or rather speculate on the price development in the short term.

For short-term speculation, a CFD broker is recommended, where you can speculate on the price development of IOTA without holding the underlying asset directly. The advantage of a broker is that you can also trade with levers so that even small price fluctuations can result in high profits or losses.

If you want to hold IOTA for a longer period, you are better off with a crypto exchange:

Broker And Exchange In One: TradeATF

Our recommendation: Buy cryptos at TradeATF

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Buy IOTA At bitcoin.de, Coinbase, Binance, Bison & Comdirect – Why Do We Recommend TradeATF As An Alternative?

IOTA is now associated with various brokers and crypto platforms, but the following comparison shows that many established offers are not suitable for buying IOTA.

COINBASE 

Coinbase is world-famous as one of the most popular offers in the industry. Therefore, one would think that the South African cryptocurrency could also be found here.

However, a look at the offer reveals that you will not find what you are looking for in MIOTA either.

BINANCE

Binance is generally considered to be the largest crypto exchange of all. There is hardly a provider that has as many currency pairs from the crypto industry as Binance.

And so there is the MIOTA token, for example, in a currency pair with USDT or with Bitcoin. However, we do not want to forget that despite its size, the provider is not regulated.

Should You Buy IOTA Or Not? Our Reasons For Buying!

IOTA has had a real success story in the recent past, and the increasing interest of dealers led to a value of over 700 billion euros in 2020.

Thus, the IOTA Coin has become one of the most popular cryptocurrencies ever. IOTA is based on the so-called Tangle Ledger technology.

How to buy IOTA

Buy Or Sell IOTA? Our Advantages And Disadvantages Analysis

In the following, let’s take a look at the pros and cons arguments for and against an IOTA investment. Remember that these are also subjective assessments of the South African cryptocurrency.

However, we assume that the MIOTA token still has its greatest time ahead of it. The Internet of Things has not yet fully arrived and will only develop its full potential in a few years.

Should the IOTA Foundation actually succeed in taking on a decisive role in digitization in cooperation with various companies, then individual MIOTA tokens should currently still be cheap.

The partnerships mentioned are certainly one of the big reasons for buying IOTA. Hardly any other cryptocurrency can show practical projects like the cryptocurrency from South Africa.

  • Good time to invest in IOTA
  • Extensive partnerships with industry
  • Efficient Tangle Technology
  • Berlin network
  • Shortly before it is ready for the market
  • Investing in IOTA without previous success is risky
  • Past developer disputes damage IOTA’s reputation

The technology seems to be convincing. The Tangle can bypass other blockchains’ conventional problems and ensure that data is processed securely and cheaply.

IOTA (like the new Coin Algorand ) has already proven several times that this can all work. There are also currently numerous projects that underline the effectiveness of the Berlin cryptocurrency.

With all the praise, we don’t want to forget the other side of the coin. So IOTA is and will remain a cryptocurrency affected by the known fluctuations in the market. Theoretically, it could even be that the cryptocurrency price will tend towards zero in the future.

We don’t want to paint the devil on the wall, but even in the past, the IOTA Foundation did not always ensure that people wanted to put great trust in the work of the developers.

Public disputes harmed the network and the course. With this in mind, it is hoped that the development team will also concentrate on their work in the future and less prestigious duels between the bosses.

What Is IOTA?

IOTA is the South African flagship among cryptocurrencies. The Berlin development team has already made a real name for itself in the crypto market with numerous collaborations.

However, it cannot be denied that digital currencies have not yet managed to compete with very large networks. Nevertheless, MIOTA was considered a real insider tip for a long time.

The system takes a completely different approach than alternative online currencies such as Bitcoin, Ethereum and Co.

Because the well-known blockchain is not used here. In detail, things are quite complex, as all transactions in the network are recorded by so-called “directed acyclic graphs”. So this is actually something for absolute crypto experts. For more information on the MIOTA price, check today’s IOTA rate.

The technology as an argument

It is much more important for traders and investors that the transaction costs are significantly lower with the technology than with the other digital currency systems. .

In addition, one promises to have fundamental advantages in terms of scalability .

However, there is one thing in common with Bitcoin. Because the number of all IOTA coins is also limited . However, not all tokens still have to be laboriously mined. Rather, they have already been created.

It should convince many investors that the IOTA Foundation has already set foot in the industry. In addition, there are corporations with Deutsche Telekom, Samsung and Fujitsu, who promise suitable technology in the Internet of Things through IOTA.

Great Potential Through Partnerships

The South African crypto network can now boast some exciting partnerships. Tangle technology seems to find some supporters in the strong South African economy.

With VW, Bosch and Telekom, three world-class German corporations are involved in the network, which for their part are also investing in IOTA through collaborations. Tangle technology has even been encountered in distant Japan. Also, Fujitsu hopes that the coin will be an introduction to the Internet of Things.

IOTA Is About To Be Ready For The Market

So far, the IOTA value has mainly been exposed to pure speculation by IOTA investors. In the past, the market simply praised everything that had anything to do with the word “crypto”.

But the wheat from the chaff seems to be slowly separating and even if the price of the coin could not escape the general decline of the industry, new IOTA investors now seem to be able to exploit some potential at a favourable time.

If the functionality of the technology can really be confirmed in the end, then you will have wished you had invested in IOTA at an early stage.

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Buy IOTA As CFD Or Real Cryptocurrency?

Attentive readers will already have recognized that there are several ways to invest in Iota. But which option is the best? Let’s examine whether one should rather use MIOTA tokens or CFDs for trading.

In the beginning, there is a little self-analysis. So we ask ourselves which investment goals should be pursued at all. How much capital is available and what risk do we want to take?

The risk when trading with cryptocurrencies is relatively high anyway. But there are still differences here, too.

If you want to purchase the cryptocurrency yourself, you first need an IOTA wallet. For CFD trading, on the other hand, you need an account with a corresponding broker.

Investing in real tokens is particularly recommended if you just want to leave the digital currency in your wallet for a while. So this is about long-term investment goals.

CFDs are not designed for that. Positions that are held for too long simply cause excessive costs. On the other hand, you can realize high returns in a very short time with relatively little capital expenditure. As I said, this only works if the risk is increased.

CFDs are also more suitable for experienced investors. Beginners can certainly let off steam in a demo account.

Regardless of which variant of MIOTA trading you decide in the end, TradeATF will be the right address . Among other things, there is the demo account mentioned here, but you can also start trading CFDs directly.

To complement the offer, you can finally buy the real MIOTA tokens. This results in a full program from which investors can benefit.

What Are The Fees For Buying IOTA?

To make the fees for IOTA purchases comparable, let’s take the following example:

  • We want to buy IOTA worth € 1,000
  • We would like to hold the IOTA for a month and then pay it back to our account in euros
  • For the sake of simplicity, we assume that the course does not change in the 30 days

With these assumptions, we now go through the fees of the largest providers: TradeATF, Libertex & Plus500

ProvidersTradeATFLibertexPlus500
DepositFreefor freefor free
Purchase feesFree1.6%3.08% *
Holding feesFreefor free0.05% *
Sales chargesSpreads1.6%3.08% *
PayoutFreefor free1.9%
Total feesReasonable€ 32.00€ 92.32

IOTA Wallets: Which Wallets Are Useful For Storage After Purchase?

What about the need for an IOTA wallet? Cryptocurrencies are also characterized by the fact that they are managed in such digital wallets.

Without an electronic wallet, there will be no way to manage, send or receive the cryptic values. If you want to own an IOTA, you will not be able to avoid looking for a wallet provider.

Since some criteria must be observed here that would go beyond the scope of this article, here is the link to the wallet comparison :

By the way: TradeATF and many other brokers offer an integrated wallet so that beginners can rely on it for the time being. If the investment sums increase later, we recommend a hardware or software wallet.

Is It Possible To Buy IOTA Offline?

There is certainly one or the other who is interested in the MIOTA token but wants to refrain from online trade. So, of course, the question arises whether you can also buy IOTA offline.

Unfortunately, this is not possible without further ado. After all, it’s a digital currency that you don’t just put in your safe. Rather, you need a wallet to digitally store the value.

So if you ask yourself whether it is possible to buy the IOTA offline, then you will, unfortunately, be disappointed.

Buy IOTA With PayPal: Where To Buy IOTA With PayPal

If you use a suitable broker, you will be able to use a wide variety of payment methods. The PayPal service is certainly particularly popular at this point.

We don’t want to lose any big words about this, after all, we have set up our own IOTA PayPal Guide that explains how you can buy IOTA with PayPal.

Let us only reveal this much: TradeATF is the big test winner among the crypto brokers and, in addition to credit cards, instant transfer and other means of payment, also offers PayPal.

Is It Possible To Buy IOTA Anonymously?

You don’t always want everyone to know about their personal financial transactions. So you keep stumbling over the question of whether you always have to provide your data or in other words: is it possible to buy IOTA anonymously?

At this point, of course, we don’t want to rule out the possibility of finding what you’re looking for on one or the other platform on the Internet. Then you would just enter your crypto address and receive the MIOTA tokens.

However, we strongly advise against such dodgy offers. Since the industry has still not been pushed through thorough regulations, it is extremely risky to conduct crypto transactions in this anonymous way.

There is simply no guarantee that you will ultimately receive the coins.

Can I buy An IOTA Without Verification?

When one speaks of verification, one automatically speaks of security. The procedure for confirming personal data is required by the European Union.

In fact, no financial service can do without verification. This not only strengthens security on the platform itself but also serves to protect users and even prevents international money laundering.

It may be that you will discover offers where it is possible to buy IOTA without verification. However, it should be emphasized again that security comes first in personal finance.

The processes via PostIdent or OnlineIdent are now so fast that they can be completed in a few minutes.

Can I Buy An IOTA Without Registering?

As the previous paragraph has already emphasized, security is elementary when trading and buying cryptocurrencies. For this reason, it makes perfect sense to comply with the applicable guidelines and complete registration.

If you do not register, in the end, you have no significant chances of success, even if it only comes to errors.

Without your own profile, you will not be able to prove anything and, especially with platforms that do not request registration, you should not find any great contact options.

Even if it should be possible to buy IOTA without registration, we advise: stick with renowned offers such as TradeATF.

How to buy IOTA

Historical IOTA Courses: Important Milestones In The History Of IOTA

The cryptocurrency has already had a few highs and lows. We show the most important milestones in the history of IOTA.

  1. June 2017: Bitfinex is the first crypto exchange where you can buy IOTA. The starting price is € 0.64 per MIOTA.
  2. Autumn 2017: The first industrial companies such as Bosch and Volkswagen express interest in IOTA, which increases the price to just under € 0.80
  3. December 19, 2017: IOTA reaches its previous all-time high of € 4.81
  4. April 2018: The first IOTA charging station is set up in the Netherlands. The proof of practicability lets the price rise to just under 2 euros in spring 2018.
  5. December 2018: An investment by Bosch allows the IOTA price to rise by over 50% overnight – from € 0.19 to € 0.33.
  6. May 2019: The technical implementation of Coordicide increases confidence, the price is just under € 0.40
  7. Autumn 2019 – Spring 2020: IOTA is going to be quiet, the price is stabilizing around € 0.25
  8. March 13, 2020: IOTA reaches its all-time low of € 0.0715
  9. Summer 2020: Since then, the currency has gradually stabilized, and since March the price has risen continuously to around € 0.25.

What Does 1 IOTA Currently Cost?

Let’s leave the past out of the way. Instead, let’s click on current courses. With the above ticker, you can find out what 1 IOTA token currently costs, and you can compare the price directly with other cryptocurrencies.

How To Resell IOTA: Our Guide To TradeATF

If you have followed our instructions, then one day you will have to think about selling IOTA again.

With TradeATF, this works in two ways, depending on which trading route you have previously chosen.

So let’s take a look at the process of how to sell MIOTA again.

First Step: Register With TradeATF

At this point, we simply assume that you already have a TradeATF account. If this is not the case, scroll up again to our registration guide.

Enter your username and password. You can also log in with your Facebook or Google account, provided you have linked them.

Second step: Navigate to the trading window

First, we see our overview page. But using the search field, we can navigate to the trading window for IOTA. So we type in MIOTA and get to the corresponding page.

It is worthwhile to stop by every now and then, as other users can make comments or share posts that may also be relevant to you.

At the moment, we don’t want to deal with this social trading; we want to sell IOTA. To do this, click on the “Trade” button.

If you have not previously bought any cryptocurrencies, you can only sell using a CFD trade.

Optional: Send Coins To The TradeATF Wallet

Another way to sell IOTA Coins via TradeATF is with the Wallet App. The process works a little differently here but is self-explanatory.

We select MIOTA in the wallet and click on »Send«.

 Now we only have to enter the recipient address and can send the tokens in this way. However, it should be emphasized that this is not a real sale where you receive euros.

Alternatives To IOTA: Buy Other Cryptocurrencies Or Stocks

In various forums, people like to discuss how to buy IOTA shares. Such interested dealers are a little ahead of their time.

Because in order to be able to participate in the performance of the Berlin cryptocurrency, you have to be content with tokens up to now.

Does It Make Sense To Invest In IOTA?

There are undoubtedly good reasons to invest in IOTA. For the crypto scene, the coin is one of the most promising cryptocurrencies. However, guarantees can never be given in the volatile crypto market, so an investment remains highly speculative.

Let’s take a look at the most interesting cryptocurrencies as an IOTA alternative.

Buy Bitcoin Now

Without Bitcoin, the entire crypto market would not exist. So you are not only dealing with the first but also with the largest and most popular cryptocurrency of all. This has given digital currencies the reputation of a real store of value to this day.

Buy Cardano Now

The development team behind the ADA-Coin from Cardano is at least as hard-working as the Iota Foundation. Again, new updates ensure that your own network can iron out the weaknesses of other blockchains. In the case of Cardano, there will soon be the possibility of smart contracts with extremely low fees.

Buy Ethereum Now

The second-largest cryptocurrency, Ethereum, gives hope, especially through the Defi movement. Numerous applications can be implemented on the ETH blockchain.

Buy Ripple XRP Now

Ripple has made a name for itself in international payments. Cooperation with the Santander Bank should soon bear its first fruits. Should the XRP token actually prove its practical use, price increases can be expected.

Buy Classic Stocks Now

If the world of cryptocurrencies is too hot for you, then an investment in stocks is recommended. In the long term, this is a good way to counter the dangers of creeping inflation, and the risk is manageable.

However, it is not said that you should not be able to buy IOTA shares in the future. In this respect, it is important to keep your eyes and ears open because the latest IOTA news could announce completely new investment opportunities. Therefore, in order to always be kept up to date, it is worth taking a regular detour to the crypto news scene.

Alternative 1: IOTA Shares

One option would be to invest now in companies that have started a cooperation with the IOTA Foundation. In this respect, for example, Bosch, Volkswagen or Fujitsu would be relevant.

  • Bosch shares: Bosch is one of the first IOTA partners. Bosch has now patented several applications based on IOTA.
  • Volkswagen shares: Volkswagen has also registered an IOTA-based patent that provides information about the vehicle condition and software. But autonomous payment should also be possible so that the car can pay independently at the petrol station (or charging station).
  • Fujitsu shares: Fujitsu uses the Tangle system to monitor its production. Meanwhile, the managing director of Fujitsu, Germany, is also on the board of trustees of the IOTA Foundation.
  • Telekom Aktien : Deutsche Telekom has also started its first attempts with IOTA.

Alternative 2: Opportunities In The Field Of Cryptocurrencies

Otherwise, there are also other cryptocurrencies that have potential: 

  • Buy Bitcoin: The top dog among cryptocurrencies is seen by many as the “digital gold” and one of the most stable cryptos.
  • Buy Ripple: With the support of many banks, Ripple is a good alternative to IOTA.
  • Buy Ethereum: Ethereum is the solution for smart contracts and, in the broadest sense, follows an approach similar to IOTA.

Alternative 3: Crypto Stocks

Another alternative is crypto stocks: chip manufacturers, mining companies and even the Bitcoin Group have so far posted strong profits.

  • Bitcoin stocks: If you think that Bitcoin will outperform IOTA, Bitcoin stocks are a good alternative.
  • NVIDIA stocks: NVIDIA manufactures important graphics chips, especially for mining – if the crypto boom continues, NVIDIA is certainly a good investment.
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FAQs

One can fundamentally differentiate between two methods of trading: Trading using derivatives (CFDs) or trading on online crypto exchanges. Investors would do well to orientate themselves according to their own ideas and motivations. The simple question “What do I want the coin to do?” can help you to find the right provider. Accordingly, it makes a big difference whether the coin is bought or whether it is traded as the base value of CFDs. In our own instructions, we have described how best to invest in IOTA.

Options brokers allow deposits via credit cards. Coinbase is actually a service provider that enables you to buy crypto currencies with a credit card. IOTA is unfortunately not in Coinbase’s repertoire, but you could buy Bitcoin here to trade it in Binance against IOTA

Yes, but PayPal is only offered as a payment method with providers like TradeATF. PayPal’s buyer protection obliges the group to reimburse the amounts in special cases. Since cryptic transactions can usually not be traced by third parties, PayPal is deliberately holding back from the market. We have created special instructions for crypto and IOTA trading with PayPal.

Options brokers only use crypto currencies as assets, while exchanges enable the values ​​to be traded directly. So if you actually want to buy IOTA, you will have to go through a crypto exchange. Pure trading is also possible with providers such as TradeATF or similar service providers.

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