BCGAME - Free 5BTC Daily Bonus!IOTA (MIOTA) is the abbreviation for Internet of Things (IoT) Application; as the name implies, it aims to connect as many devices as possible within a single ecosystem, powered by the MIOTA token. Its main task is to enable fast and sensitive transactions between network devices, which will facilitate the sharing of data and computing resources, along with the immutable history of each participant. At its most advanced stage, IOTA wants to provide the payment settlement and data integrity layer for multiple IoT applications that can span entire smart cities.
IOTA's main difference from other projects in the cryptosphere is that it does not rely on a blockchain: Instead, they created their own distributed ledger technology called Tangle. Tangle eliminates the need for miners and cumbersome data blocks, addressing the issues of transaction fees and scalability that are major blockchain pain points. IOTA also wants to function as the foundation for a future machine-based economy focusing on micropayments, which is why its lack of fees is especially important, as there is no way for participants to pay fees greater than the value of the transaction itself.
Buying IOTA (MIOTA) in 2021: Here's how to get started
IOTA's well-developed use case means that its native token, MIOTA, is in high demand. Fortunately, in 2021, finding an exchange where you can trade the asset isn't too difficult; on the other hand, choosing between them is not a walk in the park either. That's why we've put together a list of five cryptoasset platforms that offer MIOTA trading pairs. Each of them has its own strengths, which means that no matter what type of trader you are, you will probably find a good fit for you in our list. Keep in mind that although MIOTA is the name of the native IOTA token, many exchanges use the two interchangeably – it's the same currency, so there's no need to worry.
Binance. As the largest cryptocurrency exchange by 24-hour trading volume, it may come as no surprise that Binance also has the most liquid MIOTA trading pairs on the market. You can trade MIOTA with USDT, BTC, BUSD, BNB, ETH, but also buy it with any of the many fiat options offered on the platform, all at competitively low rates. Geo restrictions are few and far between: chances are you will be able to access this exchange. The combination of its ease of use and its innovative approach means that traders of all experience levels can feel right at home here.
Bitfinex. Bitfinex, on the other hand, is not very affordable for crypto novices: the platform is almost exclusively aimed at veteran traders who can take advantage of all the features it offers. Part of this is also the fact that your account verification times are very long, even by highly regulated standards. But if this is your choice, here you can trade MIOTA against BTC and ETH as well as fiat pairs like GBP, EUR, USD and JPY. Trading fees on Bitfinex are low and get lower the larger your monthly trading volume.
Gate.io. This tradeoff is something of a happy medium between complete accessibility for newcomers and a fully professional service. One downside for beginners is that it does not accept any escrow deposits, which means you will need to have encryption before embarking on a Gate.io business journey. On the other hand, the exchange is also unregulated – this is an advantage for those looking to keep their identities private, but it can be a source of concern for high-level traders. Still, with its low trades, it is a very good trading venue for MIOTA: to buy the token you will need to have ETH or BTC.
HitBTC. HitBTC is another exchange slightly better suited for those with at least some trading experience. With a wide range of altcoins and no forced KYCs, along with very low fees, it's a great choice for merchants who don't mind the lack of instructions and affordability options. If you want to get the native IOTA token here, you will need BTC, ETH or USDT to get started.
Bittrex. Bittrex has an excellent variety of currencies available at low rates, but its trading interface is not always the most intuitive. However, with at least some basic trading knowledge, this shouldn't pose a problem. It is also one of the safest exchanges out there, having been founded by former security engineers. You will have to pass the KYC verification, however. You can trade the IOTA token with USDT and BTC, but also with USD if you prefer fiduciary methods, which can be recharged directly from your bank account (or even from credit and debit cards!)
As our list proves, adding the IOTA token to your portfolio is easier than ever with robust and reliable exchanges that deliver the asset.
