How to buy IOTA

Before we teach you how to buy IOTA, you should know that IOTA is a revolutionary new transaction settlement and data transfer layer for the Internet of Things (IoT). It is based on a new distributed ledger technology, the Tangle, which overcomes the inefficiencies of current Blockchain designs and introduces a new way of reaching consensus in a decentralized peer-to-peer system. Using IOTA, for the first time ever, people and machines can transfer money and/or data without any transaction fees in a trustless, permissionless, and decentralized environment. This means that even nano-payments are possible without the need for a trusted intermediary of any kind.

The IOTA token was created to service the ‘Internet of things’ (IoT): the billions of small computing devices that are increasingly being embedded into everyday objects, enabling them to send and receive data. IOTA transforms these connected machines into autonomous economic agents, enabling an entirely new ‘economy of things’.

On the IOTA distributed ledger, each and every connected machine can maintain its own virtual wallet and can transact with other connected machines, even for values worth fractions of a cent, with zero fees. It is predicted by 2025 that more than 75 billion devices will be connected to the Internet of things.

The token was launched in June 2017 with its total supply of approximately 2.78 quadrillion IOTA (2.78 PetaIOTA) made available from the beginning. No additional IOTA will ever be created. Until IOTA adoption becomes more widespread, 1 MegaIOTA (MIOTA) is the currently accepted base unit.

Best for European Users

How to buy IOTA Bitpanda
Bitpanda GmbH is a fintech company based in Vienna, Austria specialised in selling and buying IOTA and other cryptocurrencies. It has quickly grown to become Europe’s leading retail broker for IOTA, Bitcoin, Ethereum, Litecoin and more with over 1,000,000 users. You can freely choose between SOFORT-Transfer, Visa / MasterCard, NETELLER, Skrill, GIROPAY / eps, Amazon voucher (payout only), euro wallet and bank transfer payment and payout options.

Bitpanda is all about ease of use. A one-tier verification process gives you access to an intuitive, fast and secure trading experience. The fully automated platform provides both new and experienced users with complete control over their portfolio. The simplest and fastest access to buying, selling, swapping or sending IOTA and other digital assets. Euro, Swiss Franc, British Pound Sterling and US Dollar support as well as a wide range of payment and payout providers offer you extra flexibility. To stay ahead of the curve, Bitpanda continuously improves existing products while expanding the scope to introduce new services.

Why you should choose Bitpanda to buy IOTA

  • Easy and convenient

    Bitpanda provides new users with the easiest and fastest access to the world of digital assets and cryptocurrencies, while giving experienced users full control over their portfolio.

  • Buy and sell securely

    Bitpanda feels strongly about security. To ensure that everything is 100% safe, Bitpanda uses state-of-the-art technology and store your funds in secure offline wallets.

  • Fast and reliable

    You can buy IOTA, cryptocurrencies and digital assets in minutes, 24 hours a day, 7 days a week. Thanks to strong API-applications, high-end servers and a fully automated order system.

  • Multiple payment options

    You can choose between many payment and payout options, like credit card, NETELLER, Skrill, SOFORT-Transfer, GIROPAY, Sepa, Amazon and many more.

I’m new to Bitpanda. How to buy IOTA?

  • Sign up here to Bitpanda

    Enter and confirm your email address to sign up.

  • Finish the verification and deposit funds

    Easily get verified through a Bitpanda verification partner.

  • Start buying and selling IOTA

    Log in to start buying or selling IOTA and more.

Bitpanda believes in the innovative power of cryptocurrencies, digitised assets and blockchain technology. The mission is to tear down the barriers to personal finance and bring traditional financial products into the 21st century. In case you are stuck, the Bitpanda Support is at your disposal at any time.

Best for non European Users

How to buy IOTA Bitpanda Global Exchange
Bitpanda has been around since 2014 and is a key player in Europe. The fintech company can build upon a lot of synergies, and wants to offer experienced users a way to trade digital assets in the most secure and convenient way possible. Bitpanda Global Exchange expands the offering beyond the popular, easy-to-use Bitpanda platform, which is the go-to-place to buy IOTA or store digital assets like Bitcoin, Ethereum, digitised gold and more in Europe.

The Bitpanda Global Exchange was developed 100% in-house over the course of the last two years. It will not only provide a highly liquid marketplace for IOTA and other crypto assets. Bitpanda also aims to bring all existing and future digital asset classes offered by Bitpanda to the Global Exchange. It is available globally for crypto-to-crypto and fiat-to-crypto trading. Verified Bitpanda users within the majority of European countries can also deposit Euro, Swiss Franc and British Pound. The Bitpanda Global Exchange is closely connected to the Bitpanda platform, which means that users can move funds easily between them. Bitpanda Global Exchange launches with popular trading pairs such as MIOTA/EUR, MIOTA/BTC and many more to come.

Why you should choose the Bitpanda Global Exchange to buy IOTA

  • Worldwide availability

    The Bitpanda Global Exchange allows worldwide crypto-to-crypto trading.

  • Lots of funding & payout options

    Use SEPA to fund directly, or deposit from your Bitpanda platform account.

  • Highest security standards

    Bitpanda Exchange offers industry-leading platform security and legal compliance. The safety of your funds is our priority.

  • Competitive and transparent fees

    Transparent and low maker and taker fees. Get additional discounts with BEST.

I’m new to the Bitpanda Global Exchange. How to buy IOTA?

  • Sign up here to the Bitpanda Global Exchange

    Enter and confirm your email address to sign up.

  • Deposit funds

    Fund directly, or deposit to your Bitpanda Global Exchange account.

  • Start buying and selling IOTA

    Log in to start buying or selling IOTA and more.

Bitpanda believes in the innovative power of cryptocurrencies, digitised assets and blockchain technology. The mission is to tear down the barriers to personal finance and bring traditional financial products into the 21st century. In case you are stuck, the Bitpanda Support is at your disposal at any time.

Wallets and seeds

Each wallet is identified and protected by a unique access key known as a ‘seed’. The seed is an 81-character string, comprised of capital letters A-Z and the number 9. It’s important to note that while we call them wallets, they do not actually store tokens. They are better thought of as keychains that provide access to the tokens you store permanently on the ledger.

Warning: Your wallet seed must be securely stored to safeguard your funds. There are no possible retrieval methods if you lose, insecurely generate or compromise your seed. Knowing the ‘seed’ is equivalent to ‘owning’ the tokens. Things to remember:

1. You are your own bank


These technologies are their infancy and are prime targets for hackers, so take the time to educate yourself before buying and securing your IOTA tokens.

2. The secret is secrecy

How to buy IOTA PayPal

As is the case with all digital currencies, the IOTA security measures rely on the owner’s ability to protect the wallet seed.

3. Possession is ownership

how to buy iota on binance

If the seed is compromised, forgotten or misplaced, there is no recourse. The IOTA Foundation has absolutely no ability to recover lost tokens or seeds.

IOTA tokens can be transferred by whoever knows the seed to the wallet. Leaving tokens on an exchange is inherently risky, as it depends on the security of your own password, your account, the exchange’s servers and wallets, etc. The value of IOTA tokens is currently very volatile. The information provided on this website does not constitute investment advice, financial advice, trading advice, or any other sort of advice and you should not treat any of the website’s content as such. The IOTA-News Community does not recommend that any cryptocurrency should be bought, sold, or held by you. Do conduct your own due diligence and consult your financial advisor before making any investment decisions. is a community run website and is NOT affiliated with the IOTA Foundation in any way.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. AcceptRead More