Here, you should be able to see open orders on the left side, the current prices in the middle, and the recent order fills on the right-hand side.
WHERE TO BUY IOTA HOW TO
And if you have no idea what candlesticks are and how to read them, here’s a great guide for you. This is a graph that indicates the price history of a cryptocurrency within a certain period of time.įrom the top-left side of your screen, you can easily adjust the period that each candlestick represents. Here are the panels you’ll need to navigate to successfully make an IOTA purchase on Binance. There’s basically the simple panel and the advanced panel on Binance – I personally found the advanced one to be less cluttered and easier to navigate. However, the buying process is not that simple since it displays numerous panels and data about the Binance market. Once the exchange between Bitcoin and IOTA has been made, you’ll need to give it a few minutes for the platform verify and execute the transaction. Since IOTA is mostly traded with Bitcoin and Ethereum pairs, you need to first place it in the market that you intend to trade with. Like I mentioned earlier, IOTA can only be acquired using other cryptocurrencies, and as such, you’ll need to acquire some to proceed.Īssuming you’ve chosen to use Bitcoin, you’ll deposit an amount equivalent to the amount of IOTA you wish to purchase.įrom your account menu, you should be able to see the “Exchange” button, which allows you to trade the different coins. Initially, your withdrawal limit on Binance will be set at 2 BTC per day and will remain so until you provide additional information about yourself. To better secure your account, you’ll need to set up a two-factor authentication using an app such as the Google Authenticator. Once that’s done, proceed to activate your account by confirming your email address, as an activation link will be sent to the registered email address, which will also allow you to login into your account. You’ll then have the option to key in another person’s user ID in case you’ve been referred by them. Read and agree to the platform’s terms of use, and then click on the “Register” icon. In the next sections of this post, I will take you through the process of buying IOTA through Binance, as well as a few other essential things you need to know about investing in IOTA.Īcquiring IOTA coin on Binance is a fairly simple process.įor starters, you’ll first need to have an account on Binance.įill in the required areas with your email address and create a strong password. Since going live, Binance has managed to capture a decent customer base, making it ranked among the top 10 highest transacting crypto exchanges. The firm issued its first ICO in 2017 and raised $15 million in capital to finance the establishment of various products on its platform. Let’s begin with a brief introduction to Binance.īinance is a fairly new exchange having been established in 2017 in China, but later moved to Japan.
In this guide on how to buy IOTA, you will learn how to purchase IOTA on an exchange such as Binance, as well as how the future looks for this digital asset.3 This means that for you to acquire an IOTA coin, you’ll need to have Ethereum, Bitcoin, or another type of digital coin first. It is not possible to purchase the IOTA coin using fiat currencies, as it only permits for crypto-to-crypto buying. IOTA eliminates the block and chain system, by getting rid of commissions for payments, as well as scalability issues.
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