IOTA Currency
IOTA currency is a form of cryptocurrency. This was introduced in the year 2017, for the Internet of Things (IOT). It was the most promising competition for Bitcoin. Unlike Bitcoins though, this doesn’t have any transaction fees. This is because the founders wanted a cryptocurrency that would allow for small and nano payments. IOTA is a relatively new coin, which is why it is not relatively easily available. Binance is usually the safest option when it comes to getting an IOTA. Recently, US citizens have been cut out from accessing Binance. Under these circumstances, it is best to buy IOTA Currency from websites like eToro.
Buying IOTA Currency on eToro
To buy IOTA currency on eToro, there are three very simple steps. Initially, you need to be registered on the website. To do this, go to the website and fill out basic details. These details include name, number, email id, etc. After this, the account needs to be verified. The website will send a link to the individual’s mail id. Once the user clicks on this link, their account will be verified. This process is really simple since it is very similar to the general trend. The next step towards buying an IOTA currency is to complete the profile.
This step requires giving away some personal information. This information includes things like your Social Security number and analyzing the user’s financial condition. This is vital since it helps the website verify identity. This also helps the website in determining the buying capacity of the individual. The website requires a minimum deposit of $200, initially. This payment can be done through several methods.
IOTA Currency Through Binance
The other method through which you can access IOTA currency is through Binance. There are some very simple steps to get IOTA currency through Binance. The first step would be to open a wallet for IOTA. This helps ensure the security of the money, unlike cloud storage. There are several types of wallets and the user is free to pick the option which most suits them. The next step would be to buy a popular type of cryptocurrency. It is best to buy Bitcoin or Etherium in such a case, they are the most secure options. Next, set an account up for Binance. In this account, transfer the cryptocurrency.
This currency could be Bitcoins, Etherium, etc. Make sure that the address to the wallet is correct and that the profile does not have any blank spaces. After all of this has been done, buy IOTA with your cryptocurrency. This step is simple. Once Bitcoins are transferred to your wallet, click on the IOTA pair option. This will exchange your Bitcoin for IOTA. After this, transfer your IOTA back to your wallet. This completes the process of buying IOTA online.
Though there are several other methods of doing it, these two are the easiest. It is easier for US citizens to follow these steps. Also, both the websites and methods mentioned are authentic. They have trusted websites for buying cryptocurrency. Following these methods can make IOTA easily available to all users that are interested in buying. However, one must remember, cryptocurrencies are volatile and risky. The user shouldn’t neglect the risks while investing. Yet, it is also extremely beneficial if luck favors the user.
