![]() You can enable 2FA in the security section of your account to make it more secure.Ĭlick the deposit tab and choose the cryptocurrency you want to deposit. ![]() Of course, the first step is to sign up for a Bitfinex account and verify your email. For that reason, I’ve streamlined the Bitfinex outline a bit. The process for purchasing IOTA on Bitfinex is very similar to the process on Binance. You can then withdrawal your IOTA from Binance to the wallet of your choice. Once your order has filled, it will be shown in your available IOTA balance. It will purchase the cheapest available IOTA until it has filled this amount. If you’re placing a market order, you can choose the percentage of your Ethereum (or Bitcoin) balance you wish to use to buy IOTA.Ī Market order will purchase the maximum amount of IOTA available for the Ethereum amount you’ve chosen to spend. For the sake of simplicity, i purchased 300 IOTA using a market order. Place a Buy IOTA order using either a limit or market order. Locate IOTA in the market you wish to trade. IOTA is traded in Bitcoin and Ethereum markets. Once your deposit has been completed, it’s time to trade your deposited cryptocurrency for IOTA. When your deposit is fully confirmed, you’ll now see it shown in your available balances. You’ll be able to view pending deposits as you wait for the transactions to be confirmed. Whichever crypto coin you choose, click deposit then send funds to the given address. For this example, I’ll be depositing Ethereum. There’s a large number of cryptocurrencies available to deposit onto Binance, although trading pairs are denominated in Bitcoin, Ethereum, and USDT (Tether). ![]() Initially your account withdrawal limits will be set to a 2 BTC equivalent every 24 hours, but you can raise these limits by completing Binance’s Identity Authentication. Google Authenticator is free to use from both the Google Play Store and Apple IOS Store. Specifically, we recommend using the Google Authenticator app, as SMS 2FA has a variety of security vulnerabilities. We always recommend that you enable 2-Factor Authentication (2FA) on any exchange you use to trade cryptocurrency to improve your account security. Once you’ve logged in, you’ll be taken to your Binance account page. You’ll be sent an email to verify your email address after signing up.Īfter you click the link in the email sent to you from Binance, your account should be activated. As always, make sure to choose a strong unique password. Using the registration form found here, you’ll need to provide your email and a password. The first step is to create a Binance account. Here’s a step by step guide that will show you the exact process. It’s fairly easy to use Binance to Buy IOTA. Keep in mind, you’ll need to first own another cryptocurrency (like Bitcoin or Ethereum) to deposit and trade for IOTA. While it’s certainly reasonable to be cautious about such a new exchange, Binance has very quickly built a user base, now consistently ranking in the top 10 daily trade volume of all cryptocurrency exchanges.īelow I’ll show you how to use each exchange to purchase IOTA. Less than two weeks later, the exchange went live on July 14th. The company raised $15 Million via their Initial Coin Offering (ICO) in just 3 minutes on July 3rd, 2017.
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