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How & Where to Buy IOTA A Step-by-Step Guide to Buying MIOTA

  1. Sign up at Binance.US, the #1 rated MIOTA exchange.
  2. Fund your account with cash or crypto.
  3. Buy IOTAMIOTA
  1. STEP 1Find the Best MIOTA Exchange
    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      58

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies, and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states including New York & Texas.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      315

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to Binance.US and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase IOTA IOTAMIOTA quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy MIOTA with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for MIOTA.

Frequently Asked Questions About Buying & Selling IOTA (MIOTA)

How do I Buy MIOTA with Crypto?

If you want to buy MIOTA with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell IOTA (MIOTA)?

To sell MIOTA, simply reverse the buying process described above. You will likely need to trade your IOTAMIOTA into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

IOTA Research Center

IOTA Technical Details & Statistics

Tokenomics
  • Market Rank47
  • Market Cap3,896,689,533
  • Circulating Supply2,779,530,283
  • Total Supply2,779,530,283 MIOTA
  • Max Supply2,779,530,283
Yesterday's Trading
  • 24 HR Volume97,749,605 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
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What is IOTA?

Iota (MIOTA) is an open-source, lightweight and decentralized cryptocurrency which was created to facilitate real-time micro transactions within Internet of Things (IoT). Unlike the complex, disk-consuming blockchain of bitcoin which was designed with other uses in mind, Iota was created to be as lightweight as possible, acting simply as a mechanism of information transfer for ‘IoT’-based systems.

History of IOTA

Serguei Popov published the Iota white paper on April 3rd, 2016, where he introduced the idea of a blockless blockchain – the backbone of Iota – called Tangle. Iota was launched via Initial Coin Offering (ICO) on June 11, 2016. The ICO process was made available worldwide.

Iota was developed as a solution to scalability issues faced in IoT technology. The core team of Iota consists of Sonstebo, Sergey Ivancheglo, Serguei Popov and Dominik Schiener.

How IOTA Works

The backbone of Iota is the ledger called Tangle. It is similar to the blockchain of bitcoin in the sense that it is a distributed ledger and offers secure transactions, but unlike the bitcoin blockchain architecture, Tangle doesn’t work with blocks. Instead, Iota utilizes a blockless blockchain which is otherwise known as a Directed Acyclic Graph (DAG).

When a node (a sender, in simpler words) initiates a payment, it can verify the payment by itself. However, to verify, it needs to verify two previous transactions by other nodes. By removing the idea of a linear system of blocks, Iota also helps solve other problems associated with classic blockchain architecture by offering a degree of quantum resistance, the ability to perform cost-effective micropayments, and a discrimination-free hierarchy in which all participants in the system are equally valued by the network.

Why IOTA?

Iota aims to become the currency of Internet of Things and beyond, for example, Internet of Everything (IoE). Some very futuristic and inherent advantages of Iota are:

  • Zero Transaction Fees: In bitcoin, miners earn a small fee. However, as there are no miners, no third party and no validators except the sender himself, there can be no mining charges. Thus, transactions within Iota are free.
  • Infinitely Scalable: Because there is no blockchain and every transaction is basically a blockchain itself – which is initiated and verified by the sender – the system is infinitely scalable, and there is no blockchain congestion. This means that irrespective of the number of users, the system will always remain equally fast.
  • Faster, Advanced Security: Iota uses Winternitz hash-based cryptography signatures instead of ECC (Elliptic Curve Cryptography) which is faster and more secure. This means that transactions are faster without compromising security.
  • Micro and Nano Transactions: Iota allows micro and nano transactions to be processed more easily because there are no associated transactions fees.
  • Everything is a Service: Iota allows every resource to be treated as a service, whether lending your idle computer or renting a drone, or even obtaining free bandwidth. With IoT covering the whole of world, this can be the new mode of instant, hassle-free and automatic payments between all ‘things’ connected to the internet.