How to Buy IOTA (IOTA): A Step-by-Step Guide

Introduction

When purchasing IOTA, there are several factors to consider, including selecting an exchange to purchase it from and the transaction method. Fortunately, we've compiled a list of reputable exchanges in the UK to assist you with the process.

Step-by-Step Guide

1. Choose an Exchange
Research and select a cryptocurrency exchange that operates in the United Kingdom and supports IOTA trading. Consider factors such as fees, security, and user reviews.
Platform Coin Price
PrimeXBT IOTA (IOTA) 0.1
Binance IOTA (IOTA) 0.1
OKX IOTA (IOTA) 0.1
Uphold IOTA (IOTA) 0.19
BingX IOTA (IOTA) 0.1
Bitfinex IOTA (IOTA) 0.1
View all 31 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Price
PrimeXBT IOTA (IOTA) 0.1
Binance IOTA (IOTA) 0.1
OKX IOTA (IOTA) 0.1
Uphold IOTA (IOTA) 0.19
BingX IOTA (IOTA) 0.1
Bitfinex IOTA (IOTA) 0.1
View all 31 prices
3. Fund Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the IOTA Market
Once your account is funded, search for IOTA (IOTA) in the exchange's marketplace.
5. Choose a Transaction Amount
Enter the desired amount of IOTA you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Purchase IOTA" or equivalent button.
7. Complete Purchase
Your IOTA purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
It's always best to keep your cryptocurrency in a hardware wallet for security reasons. We always recommend Wirex or Trezor.

Platform	Coin	Price
PrimeXBT	IOTA (IOTA)	0.1
Binance	IOTA (IOTA)	0.1
OKX	IOTA (IOTA)	0.1
Uphold	IOTA (IOTA)	0.19
BingX	IOTA (IOTA)	0.1
Bitfinex	IOTA (IOTA)	0.1

Platform	Coin	Price
PrimeXBT	IOTA (IOTA)	0.1
Binance	IOTA (IOTA)	0.1
OKX	IOTA (IOTA)	0.1
Uphold	IOTA (IOTA)	0.19
BingX	IOTA (IOTA)	0.1
Bitfinex	IOTA (IOTA)	0.1

What to Be Aware Of

When purchasing IOTA, it's important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you've done this, always transfer your cryptocurrency to a hardware wallet. That way, no matter what happens to that exchange, your cryptocurrency is safe.

Latest Movements in the UK

IOTA (IOTA) is currently priced at US$0.19 with a 24-hour trading volume of US$45.75M. In the last 24 hours, IOTA has experienced a decrease of -5.1%. The market cap of IOTA stands at US$1.1B, with 3.59B IOTA in circulation. For those looking to buy or trade IOTA, PrimeXBT offers avenues to do so securely and efficiently

Market capitalisation: US$1.1B
24-hour volume: US$45.75M
Circulating supply: 3.59B IOTA

See the latest information

Frequently Asked Questions About Purchasing IOTA (IOTA)

What is IOTA and what makes it different from other cryptocurrencies?: IOTA is a distributed ledger technology designed for the Internet of Things (IoT). Unlike traditional blockchains, IOTA uses a directed acyclic graph (DAG) called the Tangle, which aims to enable feeless microtransactions and scalable transactions as more users participate. There is no central mining process; instead, sending a transaction verifies two previous transactions, promoting a lightweight, scalable network. IOTA tokens (IOTA) are used to transact on the network and pay for data, services, or machine-to-machine interactions. The project emphasizes data integrity, zero-fee transfers for practical IoT use, and strong focus on quantum resistance through cryptographic design. If you’re seeking an IoT-ready settlement layer with scalable microtransactions, IOTA presents a unique approach compared to traditional blockchain ecosystems.
How can I use IOTA (iota) in real-world scenarios and where is it most applicable?: IOTA is particularly geared toward IoT ecosystems and data marketplaces. Real-world use cases include machine-to-machine (M2M) payments for sensor data, microtransactions for bandwidth or storage in IoT networks, and secure data provenance across distributed devices. Businesses can leverage IOTA for fee-free microtransactions and scalable throughput without the energy-intensive mining typical of traditional blockchains. To participate, you typically need a compatible wallet that supports iota tokens and, in some cases, integration with the IOTA Identity or data exchange services. For developers, IOTA’s ecosystem offers SDKs and API access to build data streams, value transfers, and decentralized data sharing compliant with the Tangle architecture.
What is the current price trend for IOTA and what factors influence it?: As of now, IOTA trades around $0.089 per token, with recent intraday movement showing gains of about 6.5% in the last 24 hours. Price trends for IOTA, like other cryptocurrencies, are influenced by market sentiment, adoption of IoT use cases, partnerships, and broader crypto market cycles. Key factors include developments in the IOTA Foundation’s roadmap (such as upgrades to the Tangle, Chrysalis, or Coordicide progress), ecosystem activity (new data marketplaces or integrations), and macroeconomic conditions impacting risk appetite. Always review multiple data sources and consider long-term fundamentals alongside price action when evaluating IOTA as an investment or usage option.
How can I securely store and manage my IOTA tokens?: Secure storage for IOTA involves using reputable wallets that support iota and its current network protocol. Depending on the network version, you may choose desktop, mobile, or hardware wallets that are compatible with IOTA’s current Chrysalis/Coordicide-era implementations. Important security practices include: enabling strong authentication, keeping recovery seeds offline in a secure location, and ensuring you download wallets from official sources. If you are handling larger holdings or institutional use, consider hardware wallets with support for IOTA’s specific address formats and multi-signature or access-control features if available. Regularly update wallet software to protect against vulnerabilities and be cautious of phishing attempts or fake wallet apps.
Is IOTA energy-efficient and how does its architecture affect scalability and fees?: Yes, IOTA is designed to be energy-efficient compared to traditional proof-of-work blockchains. Its Tangle architecture eliminates energy-intensive mining by requiring each new transaction to approve two previous transactions, promoting a feeless model for microtransactions in most practical use cases. This design aims to deliver high throughput as the network grows, reducing transaction confirmation times and avoiding congestion common in some blockchain systems. However, actual fees and latency can depend on network activity, the exact protocol version (e.g., Chrysalis phase, Coordicide progress), and software implementations. For developers and users, this means scalable, low-cost data and payment transfers, especially suitable for IoT scenarios, with the caveat of staying updated with protocol changes that affect performance and security.