DIFFERENT PURCHASE OPTIONS TO BUY AN IOTA COIN AT A GLANCE

The cryptocurrency IOTA stands out from other digital currencies. Unlike Bitcoin or Ethereum, it is not based on a blockchain. Instead, IOTA uses the so-called “tangle”, a special infrastructure that allows users to execute transactions particularly cheaply and quickly.

IOTA is considered the cryptocurrency for the Internet of Things (IoT) and has a large community, especially in Germany. The team behind the digital currency cooperates with several large German corporations. Investors can buy IOTA in different ways. A particularly uncomplicated and fast option is to buy via CFD.

Unlike other cryptocurrencies, IOTA is not based on a blockchain.
IOTA was designed specifically for the Internet of Things (IoT).
Investors can buy IOTA via crypto exchanges and marketplaces as well as CFDs.
Buying IOTA via CFD is a particularly favourable option.

What is IOTA?
The cryptocurrency IOTA was developed specifically for the Internet of Things (IoT). Here, computers and machines communicate with each other largely independently and exchange data. They should also be able to pay each other. MIOTA is the currency for this network. A blockchain, as known from Bitcoin, could not handle this enormous number of transactions. It would therefore be unsuitable for the IoT.

The IOTA network and the technology behind it started with an extensive testing phase since the open beta tests in 2016. Although IOTA has not been around for too long compared to other cryptocurrencies, it is already one of the better-known digital currencies. According to expert opinions, the IOTA price has a lot of potential. So far, it has developed well.

IOTA’s cryptocurrency is called MIOTA
The name for IOTA’s cryptocurrency is MIOTA. In an ICO in 2016, MIOTA was sold at a value of $0.01. In June 2017, the price was recorded for the first time. Here, the IOTA price was already at 0.46 euros. As is well known, a real rally occurred in the fourth quarter of 2017. The IOTA price made it to 1.26 euros on 28 November 2017. In December of the same year, the price even multiplied. On 8 December 2017, one MIOTA was worth 4.08 euros. Finally, the IOTA price reached 4.43 euros on 19 December 2017.

5 The historical development of the IOTA price
Anyone following the further course of the IOTA price will notice that the price subsequently rose significantly again. A kind of hangover set in on the crypto markets at the beginning of 2018 and the prices of numerous cryptocurrencies followed a negative trend. This also applied to the currency IOTA. The sudden interest of investors led to prices being “inflated” and the speculative bubble finally burst in 2018.

In 2018, the IOTA price continued to fall. Meanwhile, the developers of the digital currency were busy further optimising the technology. To do so, they entered into new partnerships. Although 2018 was generally not a good year for cryptocurrencies, the acceptance of digital currencies grew in parallel. More and more people became aware of their potential. Consequently, the applications and technologies came more to the fore. From 2019 onwards, a positive trend set in. As with all other cryptocurrencies, however, the same applies to IOTA: no one can clearly predict where the price will go. However, experts believe that IOTA can definitely develop positively in the long term.

The numerous partnerships that the developers of IOTA have entered into also speak in favour of an investment in the cryptocurrency. Among other things, the IOTA Foundation is working with various car manufacturers and other large corporations to realise the Internet of Things. In the future, IOTA could become the digital currency for a constantly expanding network of machines and computers.

6 How can one buy IOTA?
In a normal IOTA purchase, the interested party acquires the currency in physical form. Those who want to buy the cryptocurrency can register on a crypto exchange, buy the coins in the appropriate quantity and then transfer them to their own wallet, where they are kept until the owner sells them again. Some investors keep their IOTA coins for months or years until they decide to sell them at a suitable time.

Buying IOTA – Instructions:

Register with a crypto exchange that offers IOTA for sale.
Verify yourself (for example, by video call).
Make a deposit in euros.
Select IOTA, enter the desired purchase amount and complete the purchase.
Then transfer the purchased MIOTA to your own wallet.
IOTA can only be purchased on crypto exchanges since 2017. It is not possible to buy IOTA in euros on every exchange. On some, the purchase of IOTA requires the prior possession of Bitcoin, Ethereum or other cryptocurrencies. Investors who want to buy IOTA with euros here must therefore first buy other cryptocurrencies in order to then exchange them for IOTA.

How can IOTA be traded?
A CFD is a contract for difference in which an investor bets money on the price development of an underlying asset, such as IOTA. Accordingly, he does not buy the currency in physical form, but speculates on the future development of the price. The price trend is modelled and reproduced 1:1 of the real IOTA price.

Trade IOTA via CFD
Trading with CFDs is becoming increasingly popular among investors. Opening a trading account with a CFD broker can be done in a short time. Deposits can be made by bank transfer, credit card or PayPal, among other methods. In addition, the brokers usually offer a free demo account, which allows users to get a first impression of the broker’s trading offer.

In recent years, the number of CFD brokers has increased significantly. Often these are forex brokers who have included CFDs in their offer and also make them available to their customers. Many brokers are based in Germany, Austria, Switzerland or England. In addition, there are numerous providers who have their headquarters in Cyprus, for example. Investors should definitely compare the offers of the individual brokers in advance in order to find the provider that suits their own requirements.

7 What are the advantages of investing in IOTA?
When investors buy IOTA, they can invest in a future technology with potential. The Internet of Things is one of the most important topics in technology and business today. It is therefore also referred to as “Industry 4.0”. Here, machines are networked with each other and largely act autonomously. This results in various advantages for the economy. IOTA is related to this because the Tangle provides the basis for this far-reaching networking and makes it possible for machines to pay each other.

Here is an example: Let’s assume that your own refrigerator can detect through sensors that the milk is almost used up. It then orders new milk on its own. The product is brought directly to the customer’s home by a drone and the refrigerator pays for it automatically.

In the field of cryptocurrencies, IOTA thus represents a unique project. The Tangle is an advanced technology that no other digital currency has been able to match. The interest of the business community in the benefits of IOTA for the IoT shows the potential that large companies attribute to the novel technology.

Conversely, this also means that IOTA’s success is tied to this interest. If something goes wrong with the development of the technology, the tangle is not as effective as intended, and corporations are no longer willing to support IOTA, this would also have a bad effect on the share price. However, so far nothing points to this worst-case scenario. Rather, the general interest in using cryptocurrencies is growing.

Buy IOTA or trade – which is better?
Where to buy IOTA? This is the question many interested investors are asking themselves. There are various ways to participate in the price development of IOTA. First of all, investors can buy and sell the IOTA Coin via various exchanges and brokers. Those who want to own the cryptocurrency must set up a wallet in advance.

The wallet serves as a digital wallet that the investor can access at any time. Similar to a current account, it has an account number (also called a public key). By specifying the public key, it is possible to receive, store and send IOTA. There are different types of wallets. Mobile wallets are ideal for mobile phones. Alternatively, it is also possible to use online wallets. The so-called hardware wallets, which look similar to USB sticks, enable particularly secure storage. IOTA has even designed its own IOTA wallet for storage, the Trinity Wallet for desktop and mobile.

Those who want to participate exclusively in the performance of the IOTA price and save themselves the trouble of setting up a wallet can also trade IOTA CFDs. Various online providers offer an easy way to quickly get started in IOTA trading. The advantage lies in the trade: investors can profit from both rising and falling prices. Whoever assumes a positive price trend sets a “long position”, whoever forecasts a negative price trend sets a “short position”. The capital invested can also be leveraged.

8 How can IOTA be bought?
In a normal IOTA purchase, the interested party acquires the currency in physical form. Those who want to buy the cryptocurrency can register on a crypto exchange, buy the coins in the appropriate quantity and then transfer them to their own wallet, where they are kept until the owner sells them again. Some investors keep their IOTA coins for months or years until they decide to sell them at a suitable time.

Buying IOTA – Instructions:

Register with a crypto exchange that offers IOTA for sale.
Verify yourself (for example, by video call).
Make a deposit in euros.
Select IOTA, enter the desired purchase amount and complete the purchase.
Then transfer the purchased MIOTA to your own wallet.
IOTA can only be purchased on crypto exchanges since 2017. It is not possible to buy IOTA in euros on every exchange. On some, the purchase of IOTA requires the prior possession of Bitcoin, Ethereum or other cryptocurrencies. Investors who want to buy IOTA with euros here must therefore first buy other cryptocurrencies in order to then exchange them for IOTA.

IOTA was developed and launched in 2014 by David Sønstebø, Dominik Schiener and Serguei Popov. The special thing about the cryptocurrency: According to its developers, IOTA is supposed to be “the backbone of an autonomous economy of machines”. In other words, IOTA is to serve as a means of payment in a machine economy.

How can you trade IOTA?
A CFD is a contract for difference in which an investor bets money on the price development of an underlying asset, such as IOTA. Accordingly, he does not buy the currency in physical form, but speculates on the future development of the price. The price trend is modelled and reproduced 1:1 of the real IOTA price.

Trade IOTA via CFD
Trading with CFDs is becoming increasingly popular among investors. Opening a trading account with a CFD broker can be done in a short time. Deposits can be made by bank transfer, credit card or PayPal, among other methods. In addition, the brokers usually offer a free demo account, which allows users to get a first impression of the broker’s trading offer.

In recent years, the number of CFD brokers has increased significantly. Often these are forex brokers who have included CFDs in their offer and also make them available to their customers. Many brokers are based in Germany, Austria, Switzerland or England. In addition, there are numerous providers who have their headquarters in Cyprus, for example. Investors should definitely compare the offers of the individual brokers in advance in order to find the provider that suits their own requirements.

9 Buying IOTA via PayPal or credit card
One popular option is to buy IOTA via PayPal. To do this, it is first necessary to create an account with this service provider. This process is free of charge for the user and can be carried out from any computer with an internet connection. Then it is necessary to connect the opened PayPal account with one’s own bank account or to load the PayPal account with a certain amount of money.