Buy IOTA: How crypto trading works

IOTA has been a big topic in the cryptocurrency world for quite some time. The coins are said to have revolutionary technology, and many large companies have already shown great interest. Since the first appearance of IOTA, more and more providers are coming to provide the cryptocurrency.

Many experts believe that IOTA will be the next big crypto name.

Buy IOTA: Currently only possible on Bitfinex

IOTA can be bought with real money or acquired in exchange with the other cryptocurrencies, such as Bitcoin or Ethereum. The latter means that some additional steps are necessary to buy IOTA. Since Bitcoins are more popular and widespread than Ethereum in Germany, we will show you how to buy IOTA with Bitcoins:

1. Buy Bitcoins on a platform of your choice.
2. Open an account on the broker platform bitfinex.com or with another provider. The account is usually free and created in a few steps.
3. Send your Bitcoins from your Bitcoin wallet (or directly from bitcoin.de) to your wallet at Bitfinex.
4. After the Bitcoins have arrived there, click on "Trading" at Bitfinex and select the area "IOTA" -> "IOTA/BTC".
5. There you simply enter on the left under "ORDER FORM", which amount of IOTA you want to buy.
6. Click on "Exchange Buy". The trade will then be executed directly and you will receive IOTA.

If you do not want to trade your IOTA tokens on a daily basis, it is safest to send them to your IOTA wallet and store the access code (also called seed) offline. This way, your IOTA will remain protected in case there is a hacker attack on Bitfinex.