IOTA is a distributed ledger technology. Its founders claim IOTA is faster and more efficient than conventional blockchains. IOTA connects the Internet of Things devices and facilitates data and value transfer without any fees.
If you want to know how to buy IOTA coin, you’ve come to the right place. We’ll go through the buying process, discuss the best IOTA platforms, and provide information on everything else you need to know, from payment options and wallets to IOTA technology ad reasons to invest.
The easiest way to buy IOTA coin is to purchase it online from a crypto exchange. Exchanges make it easy to buy and sell IOTA and other cryptocurrencies directly from your smartphone, tablet or computer. Check out our recommended platforms below and follow the steps to safely buy IOTA.
You can look at factors such as fees, ease of use, and features when deciding which platform to choose. The in-depth reviews in this guide will go through all these things, but if you want to dive in straight away, click on one of the links in the table below to sign up for a recommended platform.
You will need to fill in a few personal details to create an account. Regulated platforms have a KYC process, which means you will need to provide a picture of your photo ID in order to verify your identity. After that, you can choose your preferred payment method on the deposit page to fund your account.
Search the platform for the trading pair for IOTA and your deposited currency. Create a market order to buy IOTA immediately at the current price, or use a limit order to set a price to buy at in the future. Just enter the amount you wish to purchase and click the “Buy” button.
What follows are detailed reviews of the best places to buy IOTA, explaining the pros and cons of each platform.
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.
$10 minimum deposit
Social investing features
Regulated, with strong security
Simple to use
Non-USD deposits will incur a small conversion fee
Not available in some countries
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.
Lowest trading fees
600+ other coins available
Advanced tools for trading
Minimum deposit is higher than other platforms
Somewhat limited choice of payment methods
Regulatory issues in certain countries
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.
Excellent rating on Trustpilot
Over 200 other cryptocurrencies
Swap MIOTA with traditional financial instruments
Low minimum trade size
Choice of deposit methods
Fees for MIOTA deposits
Mostly only available in Europe
Only email support is offered
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.
Seamlessly trade IOTA CFDs
Regulated and secure
Tools for risk management
Financial education app
Trade other cryptocurrencies and traditional financial instruments
Order execution is fast
Free deposits/withdrawals and no commission
CFDs are high risk
Crypto CFDs are not available in the UK
Doesn’t offer the tightest spreads available
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.
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%.
Advanced trading tools
340+ other coins
Margin trading and MIOTA derivatives
IOTA isn’t available in the Buy Crypto and Convert features
No fiat deposits
IOTA, created by the IOTA foundation is a next-generation network that is designed to support the frictionless exchange of value and data between humans and machines—without any fees. It is built for the Internet of Things (IoT)—the interconnection of computing devices in everyday objects—and enables new possibilities such as digital identities, in-built car wallets, supply chain management, and smart cities.
IOTA is a distributed ledger, but it doesn’t use blockchain technology, so there are no blocks or miners. This makes the network faster than traditional blockchains. Every time someone makes a transaction with IOTA, they validate two previous transactions. This is what enables IOTA to be feeless and scalable.
Transactions on the network are facilitated through the project’s cryptocurrency, MIOTA. The token can be staked to take part in the distribution of new tokens. Any asset can be tokenised on IOTA as the network is programmable, meaning it can also be used to create decentralised applications (dApps).
The Tangle is the name of IOTA’s network, which ensures the trustworthiness of information and records the exchange of data and value. It uses a data structure known as a directed acyclic graph (DAG), which differs from blockchains as it enables parallel transactions, making it faster, cheaper, and more efficient.
It’s very simple to buy IOTA on
. Here’s how.
You will need to fill in the registration form with your email address, username, and password once you click on the “Join Now” button on the homepage. Tick the box to confirm that you accept the terms and conditions, and then click on “Create Account”.
You can verify your email address by clicking on the link emailed to you. Then you will need to complete your profile by providing your name, date of birth, contact details, and proof of identity. You will also be asked questions about your investing experience.
Once you click on “Deposit Funds”, you can enter the amount that you want to deposit. Using the dropdown lists, choose your local currency and preferred payment method. Fill in any details required to complete the payment and click the “Deposit” button.
Use the search bar at the top to find IOTA and hit the “Trade” button. You can switch from Trade to Order at the top if you want to Buy IOTA once it reaches a certain price. Otherwise, just fill in how much you want and click on “Open Trade”.
There are many different ways to buy MIOTA. Let’s take a look at some of the most popular payment methods.
Using your bank account to make a deposit is often the cheapest method. You can do so for free on eToro and Capital.com, or for a £1 fee on Binance. If your platform supports Faster Payments, as Binance does, then you can receive your funds and start trading with them almost immediately.
Credit cards are fairly widely accepted, providing a convenient way to buy IOTA and pay later or in instalments. The fees involved are the main drawback to using credit cards—there’s a 1.8% fee for credit card deposits on Binance. The best place to use a credit card is eToro, where deposits are free.
Skrill is a digital wallet provider that makes paying online fast and simple. It is not an accepted deposit method on Binance, but you can use it to make free deposits on eToro or Capital.com. Skrill can also be used to make EUR, USD, CHF, and GBP deposits on Bitpanda.
PayPal is a fast and safe payment method but is less widely accepted by crypto platforms, especially in the UK. You can use PayPal to make a deposit on eToro without any fees.
You can use different strategies to invest in IOTA, depending on your goals, skills, and amount of free time. Some of the most common are detailed below.
This is the simplest strategy there is—anyone can purchase IOTA and hold onto it, regardless of how much skill or free time they have. This is a popular IOTA investment strategy as there is a fixed supply of IOTA, so it won’t be devalued by inflation in the same way that fiat currencies are.
The volatility of IOTA’s price means traders can also buy and sell IOTA on a much shorter time scale to generate frequent profits. Technical analysis skills come in handy for trading, and it requires a greater time commitment.
One way of trading IOTA is through CFDs. These allow you to speculate on the price of IOTA without actually purchasing it. You can trade IOTA CFDs on Capital.com.
Although the total supply of MIOTA is already in circulation, MIOTA holders can stake their tokens in order to earn rewards in the form of new tokens for new networks that are built in the IOTA ecosystem. The first such networks to be launched were Shimmer and Assembly, enabling MIOTA holders to earn rewards in SMR and ASMB, respectively. The launch of more networks in the future could provide even more earning opportunities for MIOTA stakers. You can stake your MIOTA through the Firefly wallet.
There are many different types of IOTA wallets to suit different needs. The information below should help you find the wallet that’s right for you.
Web wallet: Web wallets are the most convenient wallets for traders and small-time investors. They can be a target for hackers, however, which is why it is important to choose a secure and regulated platform, such as eToro, which provides a free web wallet.
Mobile wallet: Mobile wallets are convenient apps that you can download onto your smartphone. The TanglePay IOTA Wallet is supported by iOS devices, while Android devices can use Trinity Wallet.
Desktop wallet: Desktop wallets are downloaded onto your computer and tend to be fairly secure. Firefly is the official desktop wallet for the IOTA ecosystem.
Hardware wallet: These are popular with long-term holders and large-scale IOTA investors as they are the most secure, albeit expensive. The most popular IOTA hardware wallet is Ledger.
Paper wallet: You can create a paper IOTA wallet with a private and public key generator—just write down or print the character string or QR code. This isn’t a safe way to store IOTA, though.
Using more than one wallet in combination can be useful if, say, you want to trade some IOTA and buy and hold some IOTA with a web wallet and hardware wallet, respectively. If you use the Ledger hardware wallet, you can also download the Ledger Live app to manage your coins more easily.
Whether or not to invest in IOTA tokens is something you will need to decide for yourself, but let’s take a look at some of the things you may want to consider first.
There is a fixed maximum supply of MIOTA, all of which are already in circulation. This could make MIOTA a good long-term store of value and means increasing demand would raise the token’s price.
The technology behind IOTA is something that has attracted many investors. The Tangle’s innovative data structure makes it immutable and secure, while its capability for parallel transactions makes it highly scalable. What’s more, the IOTA network is more efficient than conventional blockchains, requiring much less energy and facilitating fast transactions with no fees.
IOTA staking could drive demand for its token. New tokens can be created on the IOTA network, and they can be distributed to those who participate in IOTA staking through “rolling airdrops”. MIOTA stakers have already had the chance to earn SMR and ASMB rewards, and the launch of new networks in the future could encourage more people to buy and stake MIOTA.
The project’s focus on the Internet of Things enables new possibilities that could revolutionise a range of industries. As devices and their interconnections become more important to our day-to-day lives, IOTA and its cryptocurrency could become more valuable.
IOTA technology already has a range of use cases, such as digital identities, global supply chains, managing natural resources, mobility, and smart cities. If IOTA successfully powers the technologies of the future, MIOTA could have strong future price potential.
"If you’re attempting to buy cryptocurrencies, it’s essential to do your own research first. Gain an understanding of how blockchains function, and which tokens have very strong utility for the long term. Be sure to write down your confidence level and time frame you’re willing to wait. Bull markets come and go with long bears in between. Remember that the market ebbs and flows, don’t be dissuaded if your investment crashes at some point if you actually have done proper fundamental analysis."
Joshua Tobkin CEO & Co-Founder of SupraOracles
The above section should help you decide whether to buy IOTA or not, but here are a few more practicalities to consider.
There are no fees involved in making transactions on the IOTA network. However, if you are buying or selling MIOTA on a platform, your platform will likely charge a fixed or percentage fee on each transaction, regardless of which cryptocurrency is involved.
Your platform may charge other fees, too, such as deposit and withdrawal fees. These can vary depending on the payment method. Other fees to watch out for include account management fees, overnight fees, and inactivity fees.
The Crypto Ratings Council believes IOTA is unlikely to be considered a security under US federal securities laws, while in the UK, all cryptocurrencies are unregulated. It is perfectly legal to buy IOTA in both countries, but crypto platforms have to comply with AML regulations. This means you will need to verify your identity to buy IOTA on a regulated platform. You may also need to pay tax on any profit earned from trading IOTA, such s capital gains tax in the UK.
The price of IOTA is affected by a great number of factors, many of which have been discussed in the previous section. Project news and developments can have an impact on IOTA’s price, as well as the rest of the crypto market and the wider economy.
IOTA’s price history has seen some dramatic surges, and its innovative technology and real-world use cases could mean strong price potential for the future, which is why it is popular with buy and hold investors. It is also more volatile than traditional financial instruments, making it suitable for trading too.
Traders and investors may aim to predict the price of IOTA to help them decide when to buy or sell. The future price of IOTA may be affected by long-term market cycles, institutional investment, news, hype, and broader economic conditions.
The safest way to buy IOTA is through a platform that is regulated. These platforms often have the strongest security features, such as encryption, insurance, and offline storage. You should always enable two-factor authentication if you have the option.
Make sure you use a strong and unique password to create an account. It is best to update your passwords regularly. You should also be careful about any emails you receive and check that they are really from your platform to avoid scams.
Make sure you store your IOTA somewhere safe. Spending money on a hardware wallet will provide you with the best security. Store your seed phrase in a safe place to ensure you will never lose access to your wallet, and never share your private key with anyone.
There are a few other places where you can buy IOTA. Some of the most popular platforms are discussed below.
Yes. IOTA is available on eToro, where deposits are free, and you can use CopyTrader to replicate the trades of other IOTA traders. See the step-by-step guide above to find out how to buy IOTA on eToro.
No. If you’re wondering how to buy IOTA on Coinbase, unfortunately, it isn’t currently possible as IOTA isn’t listed on Coinbase.
Yes. There are options for how to buy IOTA on Binance—beginners can use the simple convert feature while more advanced users can access charts and indicators through the spot trading feature.
No. If you can’t work out how to buy IOTA on Robinhood, that’s because Robinhood only provides real-time market data for IOTA and doesn’t support IOTA trading.
Yes. Once you download the app, how to buy IOTA on Trust Wallet will be a simple process. Go to IOTA, tap the “Buy IOTA” button, and fill in your payment details for your desired amount.
No. If you want to know how to buy IOTA on Crypto.com, it isn’t possible as Crypto.com doesn’t currently offer IOTA.
No. If you can’t work out how to buy IOTA on Uniswap, that’s because Uniswap only supports Ethereum-based tokens.
No. If you’re wondering how to buy IOTA on MetaMask, unfortunately, IOTA is not one of the blockchains MetaMask supports.
The right time to sell MIOTA depends on your strategy. If you opt for the buy and hold option, you will likely wait a long time before you sell. Meanwhile, if you use a trading strategy, you may be looking for a particular signal from a technical indicator to tell you when to sell.
The selling process is very similar to the buying process. On eToro, for example, it is just as straightforward. Just head to your portfolio, click on IOTA, and click the “Close” button next to it. You can tick “Close only part of the trade” if you only want to sell some of your MIOTA.
On other platforms, you may have the option of creating a market sell order to sell immediately at the current price, or a limit sell order that lets you specify a price to sell at in the future.
There are a lot of aspects to consider when buying IOTA, from which payment method to use, to when to buy it, to the state of the IOTA market, and to which strategy to employ. First and foremost, however, you will need to decide which platform to sign up with.
You have a few different options, but our top recommendation is eToro. This is because it is a reliable, regulated platform with unique features and competitive fees. You can see how easy it is to purchase IOTA on eToro from the step-by-step guide above.
We have various quality control processes in place to give you a reason to trust us. We rigorously research and test the platforms we review in order to provide you with the best recommendations and help you make more informed investment decisions.
The things we test for on each platform we review include how to sign up to it, how to make a deposit, which assets are available, what types of trading are offered, fees charged, speed and interface, location and regulation, cross-platform compatibility, security, features and services available, educational resources, and customer support.
You can purchase IOTA from any of the platforms reviewed in this guide. We believe eToro is the best place to buy IOTA as it is secure and regulated with unique social investing features.
Each investor must decide this for themselves. If you believe in the future of Internet of Things technology, you may believe that IOTA is a good buy.
You can’t purchase IOTA on Coinbase as the token has not been listed on the platform. Coinbase regularly adds new tokens to its platform, so IOTA may become available on Coinbase at some point in the future.
The founders of IOTA are Sergey Ivancheglo, Serguei Popov, David Sønstebø and Dominik Schiener.
All the IOTA coins have been circulated, which is a total of just under 2.78 billion MIOTA.
IOTA is designed to connect devices that make up the IoT, which stands for Internet of Things.
There are about 2.78 billion MIOTA in circulation, which is the maximum supply of the token.
IOTA is unique as it is a new type of distributed ledger technology that performs better than a blockchain.