How to buy IOTA in 2020 – The guide to the MIOTA token

You are interested in how to buy IOTA? Then you’ve come to the right place because that’s what this article is all about.

Iota (MIOTA) exceeded his expectations and became one of the most prominent crypto currency options. The unique concept on which Iota is based means that its future looks promising.

David Sonstebo, the co-founder of the Iota crypto currency, wrote in an insightful article that Iota should play a major role in the cultural change needed to open the Internet of Things (IoT). Sonstebo describes iota as the creation of a “de facto standardized ledger of everything”.

Iota thus relies on a non-traditional blockchain design, which includes a mathematical concept known as Directed Acyclic Graphs. The unique concept on which Iota is based points to a promising future.

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For those in a hurry: IOTA CFDs trade in three steps (Buy IOTA Fast)

How to buy IOTA - first stepBefore you can buy IOTA, the first step is to create an account with a trading platform that supports the currency. Our choice is eToro. Here, opening an account is particularly easy and doesn’t even require verification for trades up to $2,000. Furthermore the provider is state-regulated and therefore subject to deposit protection. To open an account you just need to enter your personal details in the login form on the start page.

How to buy IOTA - second stepNow you will receive an email from eToro with a link that you need to confirm. Then you’re ready to buy IOTA.

To top up your trading account with real money you have to click on the “Deposit money” button at the bottom left. This will open a window where you can select the desired payment method, such as instant bank transfer.

Depending on the chosen method, the payment can now be made and the trading account can be topped up.

If the deposit was successful, the new account balance is now displayed at the bottom of the screen.

With it now the desired currency, in this case IOTA CFDs, can be bought. The easiest way is to enter the currency in the search field and thus find it. Now in the purchase field the desired adjustments can be made. Here it is also determined for how many you want to buy IOTA .

If you do not want to trade real IOTA but rather IOTA CFDs, these can also be found via the search field. But here the tip: CFDs are rather something for experienced investors, because the risk of loss is considerably higher here.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 62% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

How to buy iota: AS investment or speculative object?

Before you buy IOTA, you should be clear about what you want to achieve with your system. As with any investment, the higher the desired return, the higher the risk. It should be noted that IOTA and cryptocurrencies in general involve a high risk from the outset. 

If you look at the technical background, the IOTA is up to date. Sometimes it can even be said that the IOTA is a few development steps ahead of Bitcoin. Since 2014, the IOTA has increased its value considerably. If you had invested 500 US dollars in the IOTA after its release, you would have become a millionaire – if you had sold at peak times.

In summary, a IOTA investment is always associated with risk. However, anyone who is aware of these risks can confidently start investing in IOTA.

Two strategies to invest in IOTA

Buy and HODL: The long-term holding of IOTA with the prospect of a price increase. If you want to hold IOTA in the long term, you need strong nerves above all: price drops of 40% or more are quite possible. It’s important to keep a cool head during these phases and possibly even buy IOTA later, instead of panic selling. If you want to hold on to IOTA in the long term, the best way to do this is with a paper or hardware wallet.

Day trading: If you are looking for quick profits, then trading with IOTA is probably the right way. But be careful: This requires a great understanding of the market, and the risk (in addition to the risks described above) is even higher. But of course the reverse is also true here: without a high risk, a high return is not possible.

How to buy IOTA?

If you want to buy IOTA, you should look for a suitable crypto exchange. If you prefer to bet on IOTA CFDs, a reputable online broker will help you.

In both cases, you should pay attention to the transparency of the offer and the seriousness of the provider. The crypto market is booming and new offers appear on the market almost daily. For newcomers it can be quite difficult to keep track of the large offer. Unfortunately there are many fraudulent offers and scams among the many really good exchanges and brokers. For your own safety, it is important to research thoroughly before investing, what you should look out for when making your choice and what possibilities the various offers should offer you, you will find out now.

Differences between IOTA CFD brokers and stock exchanges

CFD brokers

  • Regulated by government & depositor protection
  • No complicated setup of a wallet necessary
  • Leveraged trading possible
  • Several deposit and withdrawal options
  • Mobile Trading: Apps for Android & iOS available
  • Demo account
  • Only possession of a certificate, not genuine IOTA
  • Obligation could raise to make additional contributions
  • Risky investment

Stock exchanges

  • Real ownership of genuine IOTA
  • Learning how to handle crypto currencies
  • (Partial) trading via leverage possible
  • (Partial) Mobile Trading: Apps for Android & iOS
  • Whoever wants to hold IOTA in the long term has an advantage here in terms of fees
  • No regulation & deposit insurance
  • You are responsible for the administration of the keys yourself
  • Risky investment

The main difference between real IOTA coins and IOTA CFDs

Since there are two ways to buy IOTA, there are therefore also two different types of IOTA investments:

  1. Brokers trade IOTA CFDs, as financial instruments that use the IOTA price as a basis
  2. With stock exchanges, one trades with “real” IOTA

Benefits to use a Broker

Brokers offer so-called Contracts of Difference (CFDs). CFDs are highly speculative derivatives that are only suitable for well-informed investors.

Functionality: With a CFD Broker you do not receive real IOTA coins, you receive a certificate (CFD) from the CFD Broker. Buyer and seller agree to exchange an underlying asset (here IOTA coins). If the buyer acquires a “long” CFD, he or she receives a IOTA CFD at that time, and the provider receives a security in cash. At the end of the term (or sale time) of the IOTA CFD, the buyer “sells” the CFD back to the provider. The purchase price is now deducted from the selling price. The buyer makes a profit if the price has risen during the period. If the buyer purchases a “short” CFD, the buyer makes a profit if the CFD price falls between the time of purchase and sale.

Obligation to make additional contributions: Individual providers may be obliged to make additional contributions. Therefore, please check with your CFD broker to be on the safe side.

Top 3 Broker to trade IOTA CFDs

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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 83% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

How stock exchanges work

IOTA exchanges offer the purchase of IOTA, the underlying asset. Here you can get real IOTA, but you are also responsible for their security. A secure IOTA Wallet is mandatory! IOTA coins should never be stored on an exchange, these are attractive targets and in 2018 alone, 800 million US dollars were stolen from crypto exchanges.

Just storing them on a stock exchange can lead to total loss. A popular saying: Not your wallet, not your crypto coins. Find out about IOTA Wallets and choose a secure wallet.

Risk: Crypto currencies are high-risk and speculative assets, the price could drop to zero at any time. In the past, the IOTA price has already fallen six times by more than 40 percent, which could happen again at any time. A total loss is always possible with crypto currencies, the loss is (unlike IOTA CFDs) limited to your stake – of course only if you trade real Bitcoins and no derivatives.

There is no obligation to make additional contributions.

Top 3 IOTA stock exchanges

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Keep IOTA coins safe on your own Wallet

If you don’t want to do daytrading, you should think about the safe storage of your own IOTA coins. In this article we will show you what possibilities there are and what to look out for when choosing a wallet. Basically we always recommend software wallets for the short-term storage of smaller amounts and hardware wallets for the long-term storage of smaller and larger amounts.

Click here to see an overview of the best hardware wallets

IOTA - The conclusion

IOTA stands for Digital Cash, that is what it is really supposed to be. The cryptocurrency is to be used as naturally as cash at some point. The advantages of Coin are real-time transactions, anonymous transactions and constant maintenance and further development by the Masternode system. Disadvantages could arise from the fact that master nodes collect transaction data. Anonymity would then be a thing of the past. Furthermore, the entire crypto currency could be tipped over if the master node system makes wrong decisions or is even hacked. IOTA will release an update at the end of this year: Evolution. It will show how the crypto currency is evolving.

Frequently asked questions about buying IOTA

When it comes to the top crypto currencies, the Bitcoin, Ethereum, Litecoin as well as the IOTA are called. Especially when it comes to currencies that are only at the beginning of a yet to come path of success and have the chance to make strong gains in the near future, the Dash is often referred to.

If one compares the IOTA with Bitcoin, one will certainly be able to see some similarities. Ultimately, IOTA is a digital currency where the financial aspect is the main focus. This means that – at least in the long run – the Dash could very well be used as a payment system.

A major difference to Bitcoin is data protection. Ethereum, Litecoin and consorts make the payment flows public, so that such crypto currencies are actually only semi-anonymous.

With IOTA, on the other hand, there is no public information whatsoever about the transactions made. This means that the users here are 100 percent among themselves – this can very well be called true anonymity.
IOTA is also much faster than Bitcoin. If a transaction with Bitcoin, especially in peak periods, often took a few hours before it was finally completed, IOTA transactions only take a few moments.

Of particular interest is the fact that since the beginning of 2018 it has been possible to purchase IOTA at Austrian gas stations. This is another (and certainly clear) indication that the crypto currency is definitely on the fast lane.

Basically, you have to register with a stock exchange or broker to buy Dash, so registration is necessary.  The only way to get access to IOTA without registration is mining, but this is virtually impossible for private users.

The only way to obtain Bitcoin anonymously is through mining, but this is virtually impossible for private individuals. As a rule, the exchange and purchase of Bitcoins is always anonymous, since the addresses are not publicly available. 

But you always need a broker to buy coins. Brokers do not disclose their account data to the public, so that the allocation is not visible. However, authorities could force brokers or stock exchanges to disclose their contact details. Complete anonymity is therefore not possible.

Despite the great predictions for the crypto world, you should not forget that investing in cryptocurrencies involves a high risk. The high volatility does not exist in any other speculative investment objects. Although the IOTA share price seems to be quite stable, even inconspicuous news can have a quite strong influence on the performance. The crypto market is sensitive, yet more and more people are abandoning conventional investments and prefer to invest in the promising crypto currencies.

Only you can decide whether or not you want to buy IOTA.

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eToro is a multi-asset platform offering CFD and non-CFD products. 66% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Every trade is risky. No guarantee of profit. All content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets as well as products, services and other investments. The opinions expressed on this site do not constitute investment advice and independent financial advice should be sought whenever possible.

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