How To Buy IOTA (MIOTA) In Australia: Complete Guide For Australians

If you are a tech enthusiast who is positive about the future of the internet of things, you must have thought about how to buy IOTA in Australia. There are a lot of blockchain ledgers that are present in the market but there are only a few which are creating a better world with the help of blockchain to connect the internet of things with secure transactional protocols while conserving nature.

IOTA (MIOTA) is one of those oper-source crypto coins in Australia that is working towards enabling new technologies to create an impact with the help of a value transfer protocol. 

In this article, we are going to discuss the process of buying IOTA tokens in Australia and what are the different aspects that must be addressed while making the purchase of IOTA coins. So without further ado, let’s get started.

The process of buying an IOTA (MIOTA) coin is this simple and can be completed in the steps that are mentioned above but to dive deeper into the process, stay tuned with the article till the end. 

Where To Buy IOTA In Australia

There are a lot of crypto exchanges in Australia but some of them offer better services than others. In this segment of the article, we are going to discuss the three best crypto exchanges in Australia that you can use to buy IOTA crypto conveniently. 

Buy IOTA On CoinSpot

First on our list is one of the most used crypto exchanges in Australia, CoinSpot. CoinSpot has been in the crypto market for a long time and has gained the trust of its users with its great features and apt support team.

With the support of over 300 crypto coins, CoinSpot covers all the major crypto tokens along with other stable coins in the market. Its intuitive user interface and smart UI give a smooth experience to the users while trading and investing in crypto.

CoinSpot is one of those exchanges that offer 24/7 support to their users and also entertain a lucrative $10 AUD referral program.

Buy IOTA On Swyftx

Swyftx is another popular Australian crypto exchange that you can use to buy an IOTA token and start trading with it without any additional hassle. Swyftx offers AUD to crypto deposits and withdrawals without charging a fortune in the form of fees from its customers.

It also offers robust customer support that includes live chat and phone support for the users along with one of the fastest response times among the competitors. Swyftx has a special staking feature that allows you to stake your crypto asset over the exchange and earn a passive interest.

With over 310 assets available to exchange, Swyftx could be the right choice for you if you are looking out for investing in IOTA (MIOTA) tokens.

Buy IOTA On Binance

When it comes to crypto exchange, one can not skip the largest crypto exchange on the planet. Binance crypto exchange is the leading crypto exchange in Australia that allows its users to transact in their native currency.

Binance’s smart feature allows the users to have a smooth and hassle-free experience while trading. Binance is a suitable choice not only for those who are starting to trade but also for those who are experts in trading and looking out for powerful trading tools.

With a dedicated wallet solution and the support of over 600 cryptocurrencies in the market, Binance could be the perfect fit if you are looking forward to buying an IOTA coin in Australia.

Ways Of Buying IOTA (MIOTA)

There could be many different ways to buy IOTA in Australia using different exchanges but we are going to discuss two of the most popular ways of buying IOTA coins in Australia.

Buy IOTA With Paypal

If you are into digital transactions for a long time then you must be aware of PayPal as it has become the international model of payment over the internet. PayPal conducts billions of transactions every year and ensures that all the transactions are not only swift but error-free in all aspects.

PayPal is one of the most popular choices for investing in crypto in Australia as it provides quick integration with different crypto exchanges and is supported by almost all the leading exchanges in Australia.

Creating an account on PayPal and easy and you can start transacting without any unnecessary paperwork.

Buy IOTA With A Credit Card/Debit Card

Credit cards and debit cards are one of the most convenient ways of making digital payments and ensuring that the money gets transferred almost instantly.

Many different crypto exchanges are integrating credit cards and debit cards on their platform to ensure that more users can benefit from the advantages of using cards for crypto payments.

Credit cards allow users to take risks while trading in an exchange and increase their purchasing power with the upper limit of the transaction. IOTA token is one such crypto that is available to be purchased on different crypto exchanges using credit cards and debit cards. 

IOTA (MIOTA) Price And Prediction

Predicting the price for IOTA is something no one can do precisely due to the high volatility of the crypto world. The regular changes in the prices of currencies make things really unpredictable and setting anything in stone is not possible.

However, the IOTA token sounds like a promising coin to most of the market that is supposed to raise to its original value in upcoming years. As per the stats, IOTA is supposed to rise up to 400% of its present value and reach new heights by 2027.

These predictions are based on the performance that the IOTA token has shown since its release and the values that it stands for. 

Benefits Of Buying IOTA (MIOTA) Token

There could be different reasons for you to buy a cryptocurrency but one of the most significant reasons that can drive your attention toward the IOTA coin is its vision for the future.

Internet of things is everywhere and this is where IOTA is making a change by integrating advanced blockchain technologies for the implementation of this technology for creating a better future for apt integration.

IOTA coin is working towards many visionary projects that include electric vehicles, smart cities, and global trade. With the solid backing from its development team, IOTA has a bright future if it would be able to implement its strategy successfully on the ground.

The main benefit of buying an IOTA token could be making the right investment at the right time as all the things in which IOTA coin is presently innovating can lead to being a massive driving force in the future and thus create solid returns for the holder of its coin.

Risks Of Buying IOTA (MIOTA) Token

There are various risks involved while buying any cryptocurrency that is in the market as the present market scenarios do not allow the investors to have a clear idea about the market conditions in advance.

The same case is there with the IOTA (MIOTA) coin as the core principles on which IOTA is based are yet to reach their full potential and the predicted growth in the coin will only be observed only if it will be able to capture a sizeable market in the internet of things future which is highly unlikely.

The other aspects of risks in IOTA tokens involve regular bugs and problems that have been found in the project from time to time. Thus affecting the total credibility of the coin. 

In the present market conditions, it is wise to learn more about the crypto’s past, present, and future aspects before you start investing in it. Blindly putting money in a lot of tokens hoping that someone will moon, is not a wise choice anymore.

How To Buy IOTA In Australia – Detailed Step By Step Guide

Buying an IOTA (MIOTA) coin in Australia is not a big leap of faith or anything extraordinary but knowing the process of setting up your crypto trading account makes a user take all the necessary decisions which are required at the time of need without waiting for an expert advice. In this section of the article, we are discussing a detailed step-by-step guide on how you can buy IOTA in Australia.

Follow the steps mentioned below in chronological order to make sure that you have a hassle-free transaction.

Choose An Exchange That Sells IOTA (MIOTA)

Finding the best crypto exchange in Australia is as crucial as choosing the right cryptocurrency to buy. Right crypto exchange can change the way you invest and create long-term profits for you in the long run due to the comfort that it provides to the user while transacting through its exchange.

There are a large number of crypto exchanges available in the market that allow the users to trade IOTA (MIOTA) crypto but we are choosing Binance in this guide due to its universal appeal and advanced features that are usually missing in other exchanges.

Create And Verify Your Account

Now what you need to do is to start creating your account on Binance’s official website as you cannot conduct any operation on the exchange without registering yourself within the exchange.

Follow the steps mentioned below to create an account on the Binance crypto exchange.

1. Go to the official website of the Binance
2. Click on Sign-up that will be on the landing page of the website
3. Fill the signup form with all the necessary details
4. Complete the Know Your Customer (KYC) process for the exchange
5. Once the KYC is done, you will become the registered on Binance trading exchange

Fund Your Account

Once the account has been created successfully over the Binance trading exchange you can start adding the funds to your Binance wallet.

1. Visit your Binance wallet and select the deposit button from the menu
2. In the deposits section, enter the AUD that you want to add to your funds
3. After entering AUD complete the transaction using your preferred methods
4. After the transaction is done you can move toward searching for your favorite tokens

Buy IOTA Token

After waiting for this long, the time has come to buy the IOTA (MIOTA) coin finally as all the prerequisites for the exchange have been completed. Follow the steps down below to make sure that you have a hassle-free IOTA transaction.

1. In your Binance wallet confirm that your funds have been added successfully.
2. Once that is done you will have to search for IOTA (MIOTA) on the platform’s search bar
3. Click on its icon and click on Buy Now option
4. Now enter the number of IOTA coins that you want to buy
5. After that select Binance wallet as the payment method
6. Once the transaction will be completed your IOTA will be added to your Binance wallet. 

After following all the steps you will finally have your IOTA crypto in your account wallet that you can use to swap, stake, or exchange within the Binance exchange as per your need. But if you are looking for storing your assets as long-term investments then we advise you to read our next section on the best wallet to keep your IOTA token.

Best Wallet To Keep Your IOTA Token

Once you learn to buy an IOTA token in Australia the very next step is to store it somewhere safe. There are many crypto wallet solutions that are present in the market but only a few are worth considering as the rest of the wallets are not reliable in their nature. There are two types of wallets present in the market.

Hardware wallets and software wallet, software wallets are based on the cloud and store your private keys in the cloud while the hardware wallet makes sure that all your private keys are stored in the offline cold storage devices. Today we are discussing the Ellipal wallet to store your IOTA (MIOTA) coins.

Ellipal Titan

Ellipal Titan is one of the leading hardware wallets in the market that ensure complete security to your digital assets using air-gapped technology.

The advanced anti-breach features allow the wallet to delete all the significant information from the wallet if any external breach is detected. It is made with hard Aluminium and cannot be tampered with.

Ellipal Titanl supports over 10 thousand cryptocurrencies and tokens that are present in the market and could be the perfect choice for those who are starting to invest in the IOTA.

How To Sell IOTA (MIOTA) Tokens

In this segment, we are discussing how you can sell your IOTA to convert IOTA to AUD within no time using the Binance crypto exchange.

1. Go to your Binance trading account
2. Open investment
3. Select IOTA (MIOTA) token
4. Click on Sell IOTA
5. Now enter the amount of IOTA that you want to sell and convert IOTA to AUD
6. Proceed with the transaction and once done your IOTA (MIOTA) will convert to AUD

 How To Buy IOTA In Australia: Conclusion 

There are a lot of reasons for which the IOTA coin could be a great choice for making long-term investments due to its visionary plan for the internet of things future. But while transacting any exchange, we need to make sure that all our requisites are being fulfilled.

This is one of the reasons that we choose Binance as it provides all the things that a crypto trader might need while using its crypto exchange. Binance is a leading exchange in the crypto world and has a mass user base in Australia.

In this article, we tried our best to sum up all the information regarding How to buy IOTA in Australia. We hope that this guide will help you in taking the right steps regarding the IOTA purchase in Australia.