How and Where to Buy IOTA?
You are now able to buy IOTA on Bitfinex. If you want to buy IOTA before it picks up speed, have a Bitfinex account ready. You will be able to buy IOTA with both BTC and USD. However, it may not be feasible for those who wish to deposit fiat currency other than USD. Wire transfers are available for 0.1 percent of the amount, with a minimum fee of 20 dollars. Express wire transfers, which are completed within 24 hours on business days, cost 1 percent of the amount, with a minimum fee of 20 dollars. Bitfinex also accepts TetherUSD and digital currencies such as Bitcoin and Ether. To avoid all the hassle, you can buy IOT with Bitcoin. There are many ways to buy Bitcoin. Perhaps the easiest way is through Coinbase or Coinhako. Once you have purchased some Bitcoin, you are ready to buy some IOT on Bitfinex. Buying Bitcoin is straightforward. Buying Bitcoin on Coinbase is straightforward. Registration is pretty straightforward, requiring things like your name, email, and a verification of your identity (eg: pictures of your driver’s license, etc). Once your account is created and verified, you’ll need to add a funding source like a bank account and/or a debit card. Once this is set up, you can buy some Bitcoin. The reason I encourage my readers to buy BTC from Coinbase because you will get $10 free BTC once you trade your first $100 through Coinbase. Note: You can read the full article on Coinbase and Coinhako. Then, go to Bitfinex and get your Bitcoin wallet address. Then send BTC from Coinbase to Bitfinex.
Just one click and your funds should be on their way to Bitfinex. It will take a bit of time, perhaps 5 minutes or more, for your Bitcoin transfer to complete. Once you receive BTC in your wallet in Bitfinex, you can proceed to get some IOTA by going to “Trading”, “IOTA”, “IOTA/BTC”.
Then type in the amount of IOTA you wish you trade with your BTC.
You just exchanged Bitcoin for IOTA. Happy earning!