A Comprehensive Guide on How to Buy IOTX

IoTeX, a leading blockchain platform for the Internet of Things (IoT), has experienced significant growth since its launch. Its decentralized approach and real-world applications attract many investors. We’ll show you simple, fast, and secure ways to buy and store IoTeX (IOTX). To keep things short, we think that Coinbase is the best option to buy IoTeX. Why Coinbase?

The following table explains why Coinbase is the best choice for buying IoTeX.

Coinbase is a regulated cryptocurrency exchange and custodian with licenses worldwide. This means Coinbase adheres to strict security standards and is monitored by financial regulators. Even BlackRock, the world’s largest asset manager, relies on Coinbase for digital asset custody, showcasing its top-tier security.

While you have the flexibility to use external wallets, Coinbase offers a highly secure environment for storing your IoTeX (IOTX). Unlike some platforms that impose delays on withdrawals, Coinbase processes them instantly, ensuring you have quick access to your funds.

Another key advantage is cost-effectiveness. Coinbase’s fees are competitive at 0.15%, significantly lower than the industry average. For comparison, Bison, a German exchange-backed platform, charges a steep 1.5% per transaction.

Security is a top priority for Coinbase. Features like two-factor authentication (2FA) provide an extra layer of protection for your account. Additionally, Coinbase offers reliable customer support, typically responding within 24 hours. (We can personally vouch for their support team’s efficiency and helpfulness.)

Coinbase is designed for ease of use, making it ideal for both beginners and experienced traders. Its intuitive interface allows seamless navigation, while mobile apps for Android and iOS let you manage your IoTeX holdings on the go.

How to Buy IoTeX (IOTX) on Coinbase

Coinbase is one of the most popular and user-friendly platforms to buy IoTeX (IOTX). Here’s how you can buy IoTeX easily, securely, and quickly on Coinbase.

Step 1: Sign Up for Coinbase

Before you can buy IoTeX, you need to create an account on Coinbase. Visit Coinbase.com and click “Get Started.” Enter your name, email, and a password, then click “Create Account.”

Step 2: Verify Your Identity

To comply with regulatory requirements, Coinbase requires identity verification. You’ll need to upload a government-issued ID and provide your personal details, such as your address and date of birth. This process usually takes only a few minutes.

Step 3: Add a Payment Method

To buy IoTeX, you need to link a payment method. Coinbase supports multiple options, including:

• Bank Account: Best for lower fees and higher limits.
• Credit or Debit Card: Allows instant purchases but with slightly higher fees.
• PayPal: Available in certain countries for deposits and withdrawals.

Step 4: Buy IoTeX (IOTX)

Once your account is set up and your payment method is linked, you’re ready to buy IoTeX!

1. Go to the “Buy/Sell” section on the Coinbase dashboard.
2. Select IoTeX (IOTX) from the list of available cryptocurrencies.
3. Enter the amount of IoTeX you want to buy in your local currency or in IOTX.
4. Choose your preferred payment method.
5. Review the transaction details, including any fees, and click “Buy Now” to finalize your purchase.

Step 5: Securely Store Your IoTeX

Once purchased, your IoTeX will be stored in your Coinbase wallet. For additional security, consider transferring your IOTX to a personal wallet, such as a hardware wallet from Ledger or Trezor, instead of leaving it on an exchange.

Benefits of Buying IoTeX on Coinbase:

• User-Friendly Platform: Coinbase’s intuitive interface makes it easy for beginners to navigate.
• High Security: Features like two-factor authentication (2FA) and insured custodial funds ensure asset safety.
• Multiple Payment Options: Coinbase supports various payment methods, including bank transfers, credit cards, and PayPal.

By following these steps, you can safely and easily buy IoTeX (IOTX) on Coinbase. Start investing in the future of decentralized IOTX today!

Binance is one of the world’s largest and most popular cryptocurrency exchanges, known for its high security and user-friendly platform. Previously, it was not possible to directly buy IoTeX (IOTX) using fiat currencies like Euro (EUR) or US Dollars (USD) on Binance. However, this has changed, and now you can easily purchase IoTeX with a credit card or trade it using different cryptocurrencies. In this guide, we’ll walk you through both options!

Step 1: Register on Binance

Before you can buy IoTeX (IOTX), you need to create an account on Binance. Unlike many other exchanges, Binance offers the option to verify your identity. While verification is not mandatory, completing the process increases your daily withdrawal limit to 100 BTC. Without verification, your daily limit is 2 BTC, but you can still use all other platform features.

Step 2: Buy IoTeX (IOTX) with a Credit Card

To buy IoTeX (IOTX) via credit card on Binance, follow these steps:

1. Go to the Credit Card Purchase Section: Click on “Buy Crypto” in the top menu and select “Buy with Credit Card.”
2. Select Your Payment Currency: Choose IoTeX (IOTX) as your cryptocurrency and select your payment currency (EUR, USD, etc.).
3. Enter Your Personal Information: Fill in your personal details in the required fields.
4. Verify Your Email and Phone Number: You will receive a verification code via email and SMS.
5. Proceed to Payment: After verification, enter your credit card details and confirm the purchase.
6. Upload ID for Verification: To complete the process, upload the front and back of your passport or another government-issued ID.

Important Notes Before and After Your Purchase

• IoTeX Price Fluctuations: The price displayed is based on the current market rate and may change slightly before the final confirmation.
• Transaction Fees: Binance’s credit card processing partner may charge a small fee per transaction.
• Transaction Limits: Daily purchase limits depend on your verification level, typically ranging up to $20,000.
• Track Payment Status: You can track your purchase and deposit status through Binance’s transaction history.

Step 3: Trade Other Cryptocurrencies for IoTeX (IOTX)

If you already hold other cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for IoTeX (IOTX). Here’s how:

1. Deposit Another Cryptocurrency: If you have Ethereum (ETH) or another cryptocurrency, transfer it to your Binance wallet.
2. Access the Deposit Section: Click on “Wallet” in the top menu and select “Deposit.”
3. Find Your Deposit Address: Type the name of the cryptocurrency you want to deposit (e.g., ETH), and copy the wallet address.
4. Transfer Funds: Send your cryptocurrency to Binance from your external wallet or another exchange.
5. Exchange for IoTeX (IOTX): Once your funds arrive, go to the “Markets” tab, select “IOTX/ETH” (or another available trading pair), and place a trade order.

Additional Trading Tips

• Leverage Trading: Binance offers margin trading for advanced users, allowing you to amplify your trades (with higher risks).
• Security Measures: Activate two-factor authentication (2FA) and use Binance’s security features to protect your account.
• Withdraw to a Private Wallet: For extra security, consider transferring your IoTeX (IOTX) to a personal hardware wallet.

Now you know how to buy IoTeX (IOTX) easily and securely on Binance. Whether you prefer using a credit card or trading existing cryptocurrencies, Binance provides a reliable and efficient way to invest in IoTeX.

Kraken is a regulated crypto custodian with licenses across various jurisdictions globally. Kraken is one of the most secure and trusted cryptocurrency exchanges, known for its strong regulatory compliance and advanced security measures. Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring the safety of your assets. Institutional investors, including major financial entities, rely on Kraken for cryptocurrency custody, highlighting the extremely high level of security it provides.

Kraken allows you to use external wallets for added security, but it also offers a highly secure environment for storing your IoTeX (IOTX). Unlike some platforms that impose withdrawal delays, Kraken processes withdrawals swiftly, ensuring you have quick access to your funds.

When it comes to cost-effectiveness, Kraken’s fees are highly competitive. The platform follows a tiered fee structure, with maker fees as low as 0.16% and taker fees at 0.26%, which are notably lower than many competitors in the market.

Security is a top priority at Kraken. It employs advanced security measures such as two-factor authentication (2FA) and strong encryption to protect user accounts. Additionally, Kraken provides responsive customer support that typically resolves inquiries promptly.

Kraken’s platform is designed to be intuitive and user-friendly, catering to both beginners and advanced traders. With mobile apps available for Android and iOS, you can manage your IoTeX holdings and execute trades conveniently from anywhere.

How to Buy IoTeX (IOTX) on Kraken

Kraken is one of the most secure and efficient platforms to buy IoTeX (IOTX). Here’s how you can purchase it safely and quickly.

Step 1: Sign Up for Kraken

To get started with buying IoTeX, create an account on Kraken’s platform. Visit Kraken.com and click “Create Account.” Enter your name, email, and a secure password, then click “Create Account.”

Step 2: Verify Your Identity

Kraken requires identity verification to comply with financial regulations. You’ll need to upload a government-issued ID and provide personal details like your address and date of birth. This process is essential for security and typically takes a few minutes to complete.

Step 3: Add a Payment Method

To buy IoTeX, you must link a payment method. Kraken supports multiple payment options, including:

• Bank Account: Best for lower fees and higher transaction limits.
• Credit or Debit Card: Ideal for fast purchases, but with slightly higher fees.
• Wire Transfers: Kraken supports wire transfers in several countries for larger transactions.

Step 4: Buy IoTeX (IOTX)

Once your account is set up and a payment method is linked, you’re ready to buy IoTeX!

• On the Kraken dashboard, go to the “Buy Crypto” section.
• Select IoTeX (IOTX) from the list of available cryptocurrencies.
• Enter the amount of IoTeX you want to purchase, either in your local currency (e.g., USD, EUR) or in IOTX.
• Choose your preferred payment method (e.g., bank account, credit card).
• Review the transaction details, including fees, and click “Buy Now” to finalize your purchase.

Step 5: Securely Store Your IoTeX

After purchasing IoTeX, it will be stored in your Kraken wallet. For enhanced security, consider transferring your IOTX to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on an exchange.

Benefits of Buying IoTeX on Kraken:

• User-Friendly Interface: Kraken’s intuitive design makes it easy for beginners and experienced traders alike.
• Advanced Security: Kraken employs industry-leading security measures, including two-factor authentication (2FA) and encryption.
• Competitive Fees: Kraken offers a transparent and cost-effective fee structure, making it an attractive option for investors.
• Multiple Payment Options: Kraken supports various payment methods, including bank transfers, credit cards, and wire transfers.

About Kriptomat

Kriptomat is a relatively young cryptocurrency exchange compared to established brokers like eToro, but it has quickly built a reputation for being trustworthy and user-friendly. On Kriptomat, you can buy over 30 cryptocurrencies, including IoTeX (IOTX), directly with Euros (EUR), US Dollars (USD), and other fiat currencies. Additionally, you can send your IOTX to an external wallet for added security.

It’s important to note that trading on Kriptomat is currently limited to Europe, meaning investors from regions like the United States are not able to use the platform. However, for European users, Kriptomat offers a modern and intuitive user interface, making it an excellent choice—especially for beginners!

When it comes to credibility, Kriptomat holds two licenses from the Estonian government, adding to its reliability. One of the platform’s biggest advantages is its transparent fee structure. Unlike many other exchanges, Kriptomat does not add a premium to the price of IoTeX. Your purchase price reflects the real-time market price, and Kriptomat only charges a nominal fee per transaction. These fees are always displayed transparently before you confirm your buy order.

Set Up an IoTeX (IOTX) Account on Kriptomat

Kriptomat strictly follows European Union regulations, requiring full identity verification before you can trade. Here’s how to set up your account and start buying IoTeX.

First, go to the official website kriptomat.io and click on the orange “Register” button. A pop-up window will appear where you need to enter your first and last name, email address, and a secure password.

Kriptomat will then send you an email with a confirmation link. Click the link to verify your account. Once done, log in using the credentials you just created. However, at this stage, registration is not yet complete.

To unlock full account functionality and buy IoTeX, you must verify your phone number. Kriptomat will send a verification code via SMS, which you need to enter on the website. The next step is identity verification. To comply with EU regulations, Kriptomat requires you to submit additional personal details.

Next, enter your full address (street, house number, city, country) and upload a photo or scan of a government-issued ID (passport or ID card). Kriptomat makes this process easy by allowing you to complete verification via your smartphone. Simply click the provided link, and you’ll receive an SMS guiding you through the next steps.

You can take a photo of your ID (front and back) and upload it immediately using your smartphone. Finally, for additional security, Kriptomat requires a selfie. Allow access to your camera and take a live photo for verification.

If you plan to buy cryptocurrencies via SEPA bank transfer, you’ll also need to link a bank account. This is not necessary if you use other payment methods such as Neteller, Skrill, or a credit card. Once verification is complete, you’ll have access to full trading features without tiered verification levels.

How to Buy IoTeX (IOTX) on Kriptomat

Buying IoTeX (IOTX) on Kriptomat is simple and user-friendly. Follow these steps:

First, navigate to the “Buy/Sell” tab (Step 1) and then select “Buy” (Step 2). In the newly visible section, select IoTeX (IOTX) as your chosen cryptocurrency.

You can choose from four different payment methods (Step 3). If you opt for SEPA bank transfer, you’ll need to link a bank account first. However, if you choose credit card, Neteller, or Skrill, you can purchase instantly without additional setup.

In the final step (see screenshot), enter the amount of IoTeX you wish to purchase. After clicking “Buy IoTeX,” you will see the transaction fees displayed. To complete your purchase, click “Confirm transaction.”

Kriptomat will then process your order and redirect you to the “My Wallet” section. Within seconds, your IoTeX balance will appear. A great summary of this process is available in the following video tutorial:

Anycoin is a popular cryptocurrency exchange that provides a simple and secure way to buy and sell IoTeX (IOTX) and other digital assets. It caters to both beginners and experienced traders, offering an intuitive interface and various features designed to make crypto trading seamless and secure.

Key Features of Anycoin:

1. User-Friendly Interface: Anycoin provides a clean and straightforward platform, making it easy for new users to get started and for experienced traders to access advanced features.
2. Wide Selection of Cryptocurrencies: Anycoin supports multiple cryptocurrencies, including IoTeX (IOTX), Bitcoin (BTC), Ethereum (ETH), and more, enabling portfolio diversification.
3. High Security Standards: Security is a top priority at Anycoin, featuring two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions from cyber threats.
4. Low Fees: Anycoin offers competitive fees for buying and trading crypto, making it a cost-effective option for investors.
5. Multiple Payment Methods: Users can purchase IoTeX using various payment options, such as bank transfers, credit cards, and PayPal, depending on their location.
6. Fast Transactions: Anycoin ensures quick processing of transactions, allowing users to access their funds without long delays.
7. Support for External Wallets: While Anycoin provides its own wallet for storing crypto, it is recommended to transfer funds to a personal hardware wallet for enhanced security.
8. Dedicated Customer Support: Anycoin offers customer service to assist users with any account or trading-related inquiries.
9. Mobile Apps: Anycoin has dedicated Android and iOS apps, enabling users to manage their crypto portfolio and execute trades on the go.

How to Buy IoTeX (IOTX) on Anycoin:

1. Create an Account: Visit the official Anycoin website and click on “Sign Up.” Enter your name, email address, and a secure password. Verify your email by clicking on the confirmation link sent to your inbox.
2. Verify Your Identity: Anycoin requires identity verification to comply with regulations. You will need to upload a government-issued ID and provide some personal information.
3. Link a Payment Method: To buy IoTeX, connect a payment method to your account. Anycoin supports various payment methods, including bank transfers, credit cards, and PayPal.
4. Make Your Purchase: Once your account is verified and your payment method is set up, go to the “Buy” section, select IoTeX (IOTX), and enter the amount you wish to purchase. Review the transaction details and fees before completing your order.
5. Store Your IoTeX Securely: Once you’ve purchased IoTeX, it will be stored in your Anycoin wallet. For enhanced security, transfer your IOTX to a personal wallet, such as a hardware wallet, for safekeeping.

Benefits of Using Anycoin:

• Simple and Easy to Use: Anycoin’s intuitive interface makes crypto trading accessible for beginners and experienced users alike.
• Secure Platform: Advanced security measures, such as 2FA and SSL encryption, help keep your funds safe.
• Variety of Cryptocurrencies: Anycoin allows you to purchase and trade IoTeX (IOTX) along with many other digital assets.
• Competitive Fees: Low transaction fees make Anycoin a cost-effective platform for trading cryptocurrencies.
• Fast Transactions: The platform ensures quick and efficient processing of purchases and withdrawals.

By following these steps, you can safely and efficiently buy IoTeX (IOTX) on Anycoin. Whether you’re a beginner or an experienced trader, Anycoin provides a secure and user-friendly experience for investing in IoTeX.

Bybit is a well-known cryptocurrency exchange specializing in digital assets like IoTeX (IOTX), Bitcoin (BTC), Ethereum (ETH), and more. With its advanced features and high liquidity, Bybit is favored by experienced traders, especially those interested in leverage trading and derivatives.

Key Features of Bybit:

1. Advanced Trading Tools: Bybit offers professional trading options such as spot trading, margin trading, and futures contracts. The platform also includes advanced charting tools and technical analysis features to assist traders in making informed decisions.
2. High Liquidity: Bybit provides deep liquidity, which benefits traders by reducing slippage and ensuring smooth order execution, even for large trades.
3. Leverage Trading: One of Bybit’s standout features is its leverage trading capability. Users can increase their positions with leverage, amplifying potential profits while taking on higher risk.
4. User-Friendly Interface: Despite offering advanced trading features, Bybit maintains an intuitive design, making it accessible to both beginners and professional traders.
5. Security Features: Bybit employs high-security measures such as two-factor authentication (2FA), cold storage for crypto funds, and an insurance fund to cover unexpected losses in volatile markets.
6. Mobile App: Bybit provides Android and iOS apps with full trading functionality, allowing users to trade and manage their crypto assets from anywhere.
7. Fast Transactions: Bybit is known for its quick order execution speeds, ensuring that trades are completed without unnecessary delays.
8. Referral Program: Bybit users can earn rewards by referring friends to the platform, creating additional income opportunities.
9. 24/7 Customer Support: Bybit offers round-the-clock customer support via live chat and email to help users with their trading inquiries.

How to Buy IoTeX (IOTX) on Bybit:

1. Create an Account: Visit the official Bybit website and click “Sign Up.” Provide your email address, create a secure password, and confirm your registration via the email verification link.
2. Verify Your Identity: Bybit may require KYC (Know Your Customer) verification, which involves uploading a government-issued ID and providing personal details.
3. Deposit Funds: Fund your Bybit account by depositing cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), or USDT (Tether).
4. Buy IoTeX (IOTX):
   • Go to the “Spot” trading section.
   • Select IoTeX (IOTX) as the cryptocurrency you want to purchase.
   • Choose the appropriate trading pair (e.g., IOTX/USDT).
   • Enter the amount of IOTX you want to buy and review the transaction details.
   • Confirm the purchase to complete the transaction.
5. Store Your IoTeX Securely: After purchasing IOTX, you can keep it in your Bybit wallet or transfer it to a private hardware wallet (e.g., Ledger or Trezor) for enhanced security.

Benefits of Using Bybit:

• Advanced Trading Options: Bybit provides access to leverage trading, derivatives, and spot trading for professional traders.
• Fast Execution and High Liquidity: The platform ensures quick trade execution and deep market liquidity, reducing slippage.
• Enhanced Security: Bybit prioritizes security with cold storage, two-factor authentication (2FA), and an insurance fund.
• Mobile Trading: The Bybit mobile app allows users to trade and monitor their portfolio on the go.
• Competitive Fees: Bybit offers low trading fees, making it a cost-effective option for frequent traders.
• 24/7 Support: Bybit provides round-the-clock customer support for any trading-related questions.

When using a desktop wallet for IoTeX (IOTX), we highly recommend the official IoTeX Wallet for security and ease of use. Below, we will guide you through the process of downloading and setting up the IoTeX Wallet step by step.

First, go to the official IoTeX Wallet site (click here!). This will direct you to the website where you can download the wallet. Scroll down and click on the “Download IoTeX Wallet” button.

Step 1: Choose the Right Wallet for Your Device

Once you land on the download page, you will need to select the correct wallet version for your operating system. If you are a Windows user, click on “Windows Installer“. If you use macOS, Linux, or Android, choose the appropriate installer for your device.

Step 2: Install the Wallet

After downloading the installation file, open it and follow the setup instructions. Select a directory for installation and click “Install“. The process should take only a couple of minutes. Once the installation is complete, click “Close“.

Step 3: Set Up Your IoTeX Wallet

Now, launch the IoTeX Wallet by double-clicking its icon on your desktop. When the software starts, it will prompt you to connect to the IoTeX network. We recommend choosing “Auto Connect” to make the setup process easier.

Since you are setting up the wallet for the first time, you will need to create a new wallet. Click “Continue“, and if desired, give your wallet a custom name. Next, you will be presented with different types of wallet setups.

Step 4: Choose Your Wallet Type

If you are new to cryptocurrency wallets, we recommend selecting “Standard Wallet“. This type of wallet is free and works efficiently for storing and managing IoTeX (IOTX). If you want extra security, you can choose a “Wallet with Two-Factor Authentication“. This option requires a smartphone and the Google Authenticator app, available on the App Store and Google Play Store.

Step 5: Generate Your Seed Phrase

At this stage, the wallet will generate a seed phrase, which consists of 12 random words. This seed phrase is your private key to restore access to your wallet in case you forget your password or your computer crashes. It is crucial to write this down on paper and store it in a secure place. Do not save it digitally or share it with anyone.

Once you have safely stored your seed phrase, the wallet will ask you to re-enter it for confirmation.

Step 6: Set Up a Strong Password

Now, you need to create a secure password for your wallet. The longer the password, the better. Make sure to include numbers, uppercase and lowercase letters, and special characters. You will use this password every time you access your IoTeX Wallet, so keep it safe.

Step 7: Accessing Your Wallet and Receiving IoTeX (IOTX)

After completing the setup, you will see the main wallet interface. To receive IoTeX, click on the “Receive” tab. Your unique IoTeX address will be displayed. Copy this address and use it to receive IOTX from an exchange or another wallet.

If you are purchasing IOTX from an exchange like Binance, Kraken, or Coinbase, simply paste your IoTeX wallet address into the exchange’s withdrawal section.

Step 8: Managing Your IoTeX Tokens

Once your IoTeX tokens arrive in your wallet, you can:

• Send IOTX to other wallets or exchanges.
• Hold IOTX securely in your wallet.
• Use IOTX for decentralized applications (DApps) on the IoTeX blockchain.

Final Tips:

• Backup Your Seed Phrase: Store your seed phrase safely and never share it with anyone.
• Enable Two-Factor Authentication: If using an exchange for buying IOTX, enable 2FA for added security.
• Use a Hardware Wallet: For higher security, consider transferring your IOTX to a hardware wallet like Ledger.

If you have any questions, feel free to ask in the comments!