Buy IOTA: The Complete Guide To Investing
Published: 18 October 2020 by Valentina
This cryptocurrency is truly unique, not only for its target market, but also because it is not based on the classic blockchain but on a new technology, which can really make a difference. Is buying IOTA a profitable investment then?
This guide will serve to clarify your ideas about IOTA. OnlineTradingCourse is a reference point for buying cryptocurrencies and in this article, we will try to offer all the information necessary to invest in IOTA in a careful way.
First of all, to buy IOTA we must follow these 3 basic steps:
- Choose a regulated CFD Broker, which should be preferred over Exchanges.
- Do some practice on the Demo account to familiarize yourself with the platform.
- Make the minimum deposit and start investing on the real market.
These are the steps in order to buy IOTA safely and without paying commissions.
Thanks to CFD brokers like eToro, we can trade the main cryptocurrencies, such as IOTA, in total safety, avoiding the risks associated with Exchanges. Here are the best platforms available:
Min. Deposit: 50€
Min. Deposit: 100€
Min. Deposit: 50€
Min. Deposit: 250€
Min. Deposit: 100€
72.30% of retail CFD accounts lose money
Min. Deposit: 250€
Buy IOTA: History and Origins
IOTA is a ledger designed to record and perform transactions between devices in the Internet of Things (IoT) ecosystem – from which it takes its name.
The ledger uses a cryptocurrency called mIOTA to account for transactions in its network.
IOTA’s key innovation is Tangle, a system of nodes used to confirm transactions. Their creators believe that Tangle is faster and more efficient than the classic blockchains normally used.
IOTA was founded by Sergey Ivancheglo, Serguei Popov, David Sønstebø, and Dominik Schiener, who created a non-profit foundation responsible for the “ledger”.
IOTA’s roots go back to the Jinn project, which aimed to develop low-cost and energy-efficient hardwares.
IOTA: Quotation and value in real time
Is buying IOTA worth it?
The foundation that manages IOTA has signed agreements with leading companies, such as Bosch, Cisco, Samsung and Volkswagen, to extend the usefulness of the platform across connected devices.
The ultimate goal for any cryptocurrency is to be accepted and used for real-world applications. IOTA has already taken many steps in this direction.
That said, we all know that the cryptocurrency market is very volatile. In fact, if we look at the IOTA historical graph, the surge it recorded in 2017 – which then collapsed the following year – is incredible.
But if we focus on IOTA’s real initiatives, keeping price fluctuations aside momentarily, we know that its technology is already being tested with some companies and this bodes well for the future of this so unique cryptocurrency.
Regardless of the direction that the price of IOTA will take, with CFDs you can earn anyway, because they allow you to invest both up and down. You just need to point in the right direction!
How to buy IOTA
Exchanges are often used to buy cryptocurrencies. These are unregulated websites that allow you to exchange cryptocurrencies with each other and convert them into legal currency. However, this is not the only way to invest in this market.
In fact, with CFD Brokers, it is possible to speculate on the price fluctuations of cryptocurrencies, eliminating all the security problems that have made Exchanges so dangerous in recent years.
In summary, Exchanges are unsafe, they charge (quite high) commissions for each transaction, and you can only earn if the prices of the cryptocurrencies purchased rise.
Instead, CFD Brokers are safe and regulated, they do not charge commissions and also offer short selling (they allow you to earn even if prices fall, if you invest in the right direction).
Buy IOTA with the best platforms
As we have seen, CFD brokers have numerous advantages that make them better than Exchanges to buy IOTA. Moreover, the platforms they provide are intuitive.
Once you have chosen the platform that satisfies you the most, you must:
- Buy IOTA CFDs to profit from a price growth
- Sell IOTA CFDs to profit from a price drop
Once the desired level is reached, you can close the transaction, and you can withdraw the net profit, without commissions.
In our opinion, the best platforms to buy IOTA safely are those offered by eToro, ForexTB and IQ Option.
eToro: Intuitive platform to buy IOTA
eToro is a reference point among online brokers and its trading platform is intuitive and very fast, one of the best on the market.
The FCA license confirms the reliability and safety of this intermediary. Below, you can see a screenshot of the eToro platform with the IOTA CFD (mIOTA):
To buy IOTA (or sell it), you need to click on “Invest”, decide whether to buy or sell the cryptocurrency, and how much to invest in the single operation.
If you are one of those investors who do not like to study charts and speculate independently, with eToro you can rely on expert traders thanks to Copy Trading.
It is an automatic trading system that allows you to copy the operations performed by the best traders in the world (on eToro) automatically and for free.
Copy Trading works like this:
- Register on eToro
- In the section “people”, you can choose the traders to copy based on the performance.
- With a click, Copy Trading will copy exactly the same operations of the chosen traders in your account.
- At this point, you will get the same returns as these trading experts (of course, in proportion to your investment), without doing anything else.
Here are some of the best eToro Traders:
Both Copy Trading as well as traditional trading can also be tested on a free Demo account, without taking real risks.
For more details you can read our full eToro review.
ForexTB: Trading signals to buy IOTA
ForexTB wants to focus on the training of its users and operational support.
The Broker is authorized by CySEC, a license valid throughout Europe. Its focus is to please the greatest number of traders. To start investing in IOTA in the best possible way, it offers two trading platforms, both for free:
- The web platform is easy to use and can be entered from any browser without downloading any software.
- Metatrader 4 is more technical and full of professional indicators and meets the needs of the more experienced traders.
Buying IOTA is very easy, just click on buy or sell and decide how much to invest in the operation.
ForexTB has created a free trading course considered the best entry level ebook dealing with technical analysis. The pdf explains what online trading is and allows you to acquire the main notions needed to invest online.
At an operational level, ForexTB tries to be more practical by sending free Trading Signals to all its investors. These indications are very precise and effective, as they are processed by the renowned Trading Central.
IQ Option: Buy IOTA with 10 Euros
IQ Option has acquired a large audience of admirers thanks to a unique feature that has allowed it to emerge in the vast sea of online brokers.
This Broker has managed to intercept one of the needs that most concern novice traders: The minimum initial deposit.
IQ Option, in order to try to entice even less capitalized traders to invest small amounts, allows you to open an account with only 10 euros.
Buying IOTA with IQ Option becomes particularly convenient, because it is possible to invest a few Euros in the transaction. However, a free Demo account is anyway available for “training”.
IQ Option operates under the supervision of FCA, therefore in total safety. Its trading platform is advanced yet simple to use, a perfect mix of practicality and innovation, which makes trading fast and fun.
Access the eToro Demo account for free by clicking here
IOTA is a cryptocurrency created to develop a network between Internet of Things devices. IOTA uses aTangle technology instead of the more classic blockchain. According to some analysts, yes, but for more details we recommend you read our guide. CFD Brokers offer the best platforms to buy IOTA safely and without paying commissions.
IOTA is a cryptocurrency created to develop a network between Internet of Things devices.
IOTA uses aTangle technology instead of the more classic blockchain.
According to some analysts, yes, but for more details we recommend you read our guide.
CFD Brokers offer the best platforms to buy IOTA safely and without paying commissions.