Where And How To Buy IOTA (MIOTA)?
IOTA is the first distributed ledger built for the “Internet of Everything” - a network for exchanging value and data between humans and machines.
Author:James PierceReviewer:Gordon DickersonDec 24, 2022349 Shares348.5K Views
IOTA is the first distributed ledger built for the “Internet of Everything” - a network for exchanging value and data between humans and machines.
IOTA’s Tangle is an open, feeless and scalable distributed ledger that was designed to support frictionless data and value transfer. Its digital currency is the MIOTA.
Many of the most exciting applications of blockchain technology aren’t primarily about cryptocurrency.
For example, the blockchain is an ideal secure place to store medical records and share them appropriately with healthcare professionals.
It’s a good place to track the journeys taken by food and other goods on the way to the consumer.
It’s an ideal platform for storing digital identification, academic records, legal documents, and other information.
And because it is decentralized, a blockchain can be a great platform for monitoring and controlling intelligent devices – the Internet of Things.
IOTA was built with the Internet of Things in mind. It is optimized for making and recording fee-free microtransactions.
That has made IOTA attractive to investors, especially those who believe blockchain technology will play a key technical role in the Web3 ecosystem.
Where and how to buy IOTA (MIOTA)
There are plenty of websites and crypto platforms that are eager to sell you IOTA. In fact, choosing a site can be the most difficult – and in some ways the most important – part of the job when you are figuring out how to buy IOTA.
Most cryptocurrency exchanges, including decentralized exchanges, or DEXs, draw their customers from the same relatively small audience of computer-science experts and experienced crypto owners who are comfortable selecting a wallet, securing hexadecimal cryptographic keys, and interacting directly with the blockchain.
Times change. These days, more and more everyday people are interested in buying MIOTA and other cryptocurrencies for the first time. The do-it-yourself expert-only exchanges don’t provide the security, assistance, and tools that could help those everyday users succeed. They’re great solutions for digital insiders, but that’s about all.
That leaves the rest of us wondering where to buy IOTA. If you don’t speak C++ as your native language, you would almost certainly find more success with a reasonable amount of effort at a custodial crypto platform like Kriptomat.
Custodial platforms are easy to use. They provide the current trading IOTA priceand a chance to make a purchase easily with a credit card. If you are new to the blockchain world and you would like to buy MIOTA coins, Kriptomat is a great choice.
It won’t take long for you to discover that creating an account is a bit more complicated than defining your user name and password. One way you know that you are working with a reputable crypto exchange is that it will require you to verify your identity by providing an electronic copy of your government-issued passport or other ID. These Know Your Customer (KYC) regulations are required by every business that complies with the anti-money laundering provisions of the EU’s GDPR.
Identity verification can take hours or days at some sites. At Kriptomat, the simple KYC procedures can be completed in minutes.
How to buy IOTA (MIOTA)?
Once you’ve created and verified your account, you’re ready to focus on the next steps in how to buy MIOTA.
The fastest and easiest way to buy IOTA (MIOTA)is to use a Visa or Mastercard. Select Buy from the menu and follow the prompts – you can purchase MIOTA in seconds and add it to your Kriptomat wallet.
If you prefer, you can transfer your investing fund to Kriptomat via bank transfer or with a cash-transfer service like Skrill or Neteller. Kriptomat accepts deposits in more than a dozen of the most widely used European fiat currencies. Once your deposit shows up in your account, you can follow the menus and make a purchase.
That’s all you need to know. You are now an expert at the fine art of how to buy MIOTA.
The most important decision you make is choosing where to buy IOTA. As you evaluate crypto platforms, be sure to take licensing and regulation, security certification, investment tools, ease of use, and customer support into account.
You don’t get any physical IOTA coins when you buy MIOTA online. The coins you purchase are transferred to your electronic address on the blockchain. Kriptomat handles all the details of public key encryptionto ensure that your crypto is transferred promptly and remains secure.
About Kriptomat
Founded in 2018, Kriptomat revolutionized the cryptocurrency world with the introduction of the simplest platform in Europe. Kriptomat makes digital finance so simple that everybody everywhere can access the freedom, fairness, and fulfillment that crypto represents. Hundreds of thousands of customers across Europe and in 120 countries worldwide trust Kriptomat when they buy, sell, swap, earn, share, and invest in crypto.
James Pierce
Author
James Pierce, a Finance and Crypto expert, brings over 15 years of experience to his writing. With a Master's degree in Finance from Harvard University, James's insightful articles and research papers have earned him recognition in the industry.
His expertise spans financial markets and digital currencies, making him a trusted source for analysis and commentary. James seamlessly integrates his passion for travel into his work, providing readers with a unique perspective on global finance and the digital economy.
Outside of writing, James enjoys photography, hiking, and exploring local cuisines during his travels.
Gordon Dickerson
Reviewer
Gordon Dickerson, a visionary in Crypto, NFT, and Web3, brings over 10 years of expertise in blockchain technology.
With a Bachelor's in Computer Science from MIT and a Master's from Stanford, Gordon's strategic leadership has been instrumental in shaping global blockchain adoption. His commitment to inclusivity fosters a diverse ecosystem.
In his spare time, Gordon enjoys gourmet cooking, cycling, stargazing as an amateur astronomer, and exploring non-fiction literature.
His blend of expertise, credibility, and genuine passion for innovation makes him a trusted authority in decentralized technologies, driving impactful change with a personal touch.
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