How to Buy IOTA?
IOTA is quite a popular asset in the world of cryptocurrency and Web3. It is supported by all major exchanges, including LetsExchange.
What Is IOTA?
IOTA is a distributed ledger but it is not a blockchain. It is a network of nodes that confirm transactions. It means that the network offers a higher speed than conventional blockchains, there are no miners and thus, there are no fees for transaction confirmations. While some networks get congested when the confirmation number increases, this is not the case with IOTA which always offers consistency, efficiency, and cheap transactions.
How to Buy Pig Finance on LetsExchange: a Step-by-Step Guide
LetsExchange enables you to buy IOTA fast, without account verification, and without mandatory registration. Even though by registering an account, you get access to an ample set of ways to earn with the affiliate program, and an extended set of tools to monitor and manage your crypto portfolio, this is not mandatory.
LetsExchange doesn’t request you to provide any personal information, nor does it impose upper limits on the swaps. The swaps are available at the best rates, and you pay only a blockchain fee and a liquidity provider fee.
Now, let’s have a look at how you can buy IOTA on LetsExchange.
To purchase the token, perform the following steps.
Open the exchange widget. In the You Send window, pick the coin that you will be swapping for IOTA, and indicate how many coins you are going to sell. In the example, we will be selling 0.1 BTC.
Pick a market or a fixed rate.
By choosing a fixed rate, you ensure that you will get the exact number of coins you see in the You Get field of the widget at the start of the swap.
If you select a floating rate, the number of coins to receive may differ from the number that is displayed in the widget initially if the exchange rate changes while the swap is processed. This option is good if you believe that the exchange rate will change to your benefit.
in the You Get field, pick IOTA. Note please that the coin is supported by its native network, and by the Binance Smart Chain. Make sure you are choosing the coin in the correct network, otherwise, your funds may be lost. In the example, we pick IOTA in its native blockchain.
The number of coins to receive will be calculated automatically.
If you have a promo code, enter one to get cashback. Even if this field is not mandatory, by filling it, you get some more coins.
Click on the Swap button to proceed.
After that, copy-paste the IOTA receiving address (the wallet to which your IOTA tokens will be sent), and the refund address (not mandatory, your coins to sell will be sent there if something goes wrong with your swap). After that, click on the Next button to proceed.
Send the deposit to the wallet address that will be provided by the platform (copy-paste the address or scan a QR code with your wallet), and wait till the swap is completed.
After that, you can download a receipt with the swap details.
Conclusion
Swapping IOTA with LetsExchange is very easy, and you don’t need to waste your time on account registration if you need to benefit from the market conditions asap. Here, you can buy IOTA with any of 3,900+ supported coins and tokens, at the best rates, without upper limitations.