How To Buy IOTA in India: Hey, are you looking for invest in IOTA but you don’t know how to buy IOTA in india. Now don’t worry because today in this article we are going to share how to buy IOTA cryptocurrency in india.
Daily there are so many people search on internet about how to buy IOTA coin in india from INR (Indian Rupees) or USD (Dollar).
But there is no any direct way to purchase IOTA from fiat currency.
So now what to do next, First you will need to buy Bitcoin or Ethereum from indian rupees.
You can easily buy Bitcoin or ethereum from Zebpay or Koinex. The best part of the Zebpay or Koinex is you can buy Bitcoin or Ethereum in indian rupees. We already share a detailed article on How To Buy Bitcoin In India and How To Buy Ethereum In India.
Buying Crypto Currencies in India - BITCOIN ETHEREUM RIPPLE ADA! 2019
Below you can find the best ways to purchase IOTA in india.
How To Buy IOTA In India
As you know IOTA is not available directly to buy in india. So first you need to buy Bitcoin or Ethereum in india, then you can use one of them to exchange with IOTA. For buy IOTA in india follow below step by step process.
Step 1: Buy Bitcoin or Ethereum
You can easily buy bitcoin or ethereum from koinex or zebpay in indian rupees (INR).
If you need step by step guide on how to buy ethereum in india then follow below article.
Also Read: How To Buy Ethereum In India
Step 2: Exchange Bitcoin or Ethereum To IOTA
After purchase bitcoin or ethereum, you need to exchange this coins for IOTA.
There are so many exchangers are available for exchange bitcoin or ethereum in IOTA.
But I personally use Binance for exchange cryptocurrency. Below I will show you how purchase IOTA from Binance.
How To Buy IOTA from Binance
- First, you need to create a new account on Binance by Click Here.
Create Account on Binance
- You need to provide information like name, mobile number, email id & password and click on signup button.
- A verification mail is sent to your email id, verify your account by simply click on the verification link.
- Now your binance account is activated and click on login button.
- Log in to your account by entering email id and password.
- Once you successfully log in you will be redirected to the binance dashboard.
- If your account is not verified then account withdrawal limit is 2BTC equivalent 24 hours.
If you want to increase the limit then verify your account by proving identity proof.
- Now deposit bitcoin or bitcoin in your binance account from zebpay, koinex or any other wallet where your coin is available.
- If you want to deposit bitcoin then click on bitcoin deposit option and send coins to the given address. And it takes up to 3-4 hours to deposit bitcoin in your binance account.
- Once a deposit is confirmed you will see the bitcoin in the available balance.
- Now it’s time to buy IOTA from your deposited cryptocurrency.
- Click on Exchange button and select the basic and search for IOTA.
- Select the pair according to your deposited cryptocurrency.
If you deposited bitcoin then select the IOTA/BTC and if you deposited ethereum then select IOTA/ETH.
- Enter the amount you want to buy IOTA and click on buy IOTA option.
- That’s it you successfully buy IOTA from binance.
What is IOTA
IOTA (Internet Of Things Application). It is not based on blockchain like some other cryptocurrency, it built upon triangle is faster, efficient and cheaper than another cryptocurrency available in the market.
This system is founded by a German nonprofit called IOTA foundation.