No one is unaware of Bitcoin now. It is the first and also the most valued cryptocurrency on the planet at this time. In case you heard about Bitcoins, then you may also have encountered Ethereum, Litecoin, Bitcoin Cash and Ripple too. Actually, all of them are altcoins they are exactly same as bitcoins using a lesser market value in comparison with bitcoins as of today. We cannot forecast the elasticity of these coins. With an increasing number of altcoins popping daily, it is difficult to ascertain whether it is a scam or real.
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One such coin which got introduced in the marketplace in 2014 has been IOTA. The idea of IOTA differs from the rest of the coins. It’s a potential growth standpoint. The best benefit of IOTA is that it doesn’t incur any payment. Let us go right onto how to purchase IOTA in India.
Purchasing and Trading IOTA Cryptocurrency from India
Exchange are the platforms where anyone can buy, sell and trade these crypto coins. There are a lot of crypto exchanges in India like Unocoin, Zebpay or even Coinbase. These exchanges deal with about all cryptocurrencies along with Bitcoin. But their margin between selling and buying is so huge. So, i will advise you to use Koinex platform. It is reliable source to trade Litcoin, Ethereum, Ripple and Bitcoin Cash along with Bitcoin. Unfortunately, they do not provide IOTA trading. The Tokyo based trade platform, Binance Provides the commerce of IOTA in trade of Bitcoin or even Ethereum.
- Signup for Koinex
To begin with, you will need to join the Koinex. Complete the confirmation process and deposit the amount you would like to invest.
- Purchase Ethereum coins
In Koinex, pick Ether in the drop-down menu and then proceed to ‘Purchase Ether’ alternative. Press ‘confirm’ and wait the transaction to become implemented. Now you’ve purchased Ethereum coins from of Koinex exchange platform.
- Access your Binance ETH Speech
Then you will need to move these ETH coins into a market which affirms IOTA Cryptocurrency trading. Binance is just one such exchange. After registering into their website you will need to download their app. Login with your own details and change to ‘Funds’ tab. Press the green ‘Deposit’ button to receive your ETH wallet speech. Ensure that you change from BTC into ETH before copying the speech.
- Transfer ETH and Purchase IOTA
Now return to Koinex because you should send the Ethereum you just purchased to the Binance wallet that you made. Proceed with Koinex Transaction. Select ‘Ether’ as press and wallet draw. Now enter the amount of ETH that you purchased with the Binance wallet. Press next and affirm. 0.001 ETH will be deducted as withdrawal charges. It could take a while to credit coin to your Binanace wallet.
- Purchase IOTA with ETH
Open Binance program and search IOTA/ETH. Select it and examine the cost fluctuations. In case if you want to purchase the IOTA Cryptocurrency, simply press the green button.
Now enter the cheapest cost displayed on the right side in the box. Play around with the mix and make the purchase. That is it; you may now see IOTA Cryptocurrency bought successfully with Ethereum.
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Now it’s time to wait for the growth of the coin and sell it later on in the exchange of Ethereum. Send it back to your own Koinex wallet and convert it into liquid money.
