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Update Time: 2023-09-25

How to Buy

More and more people are wondering how to buy as these coins are very popular on the market

5 steps to buy on BYDFi

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    Open BYDFi account for free

    Sign up for BYDFi with your email/mobile number and create a strong password to protect your account

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    Keep your account safe

    Enable Google Authentication (2FA), set anti-phishing code, and trading password to add an extra layer of protection to your account.

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    Verify account

    Enter your personal information and upload a photo of your valid ID cardVerify your personal identity

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    Add payment method

    Once your BYDFi account is verified, add credit/debit card or bank account

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    Buy

    There are various payment methods available to purchase MIOTA on BYDFi. We'll guide you through it

Choose how to purchase MIOTA on BYDFi

Buying coins on BYDFi is easy and convenient. Explore different ways to buy

  • 1

    Buy with credit/debit card

    This is the easiest way for new users to buy (MIOTA). Connect your credit/debit card to your account, enter the amount, and wait for the transaction to complete

  • 2

    Buy through third-party channels

    BYDFi supports a variety of leading third-party payment services. Visit ourThird-party payment pageCheck out the payment methods available in your area

  • 3

    Buy on BYDFi's Spot market

    BYDFi's Spot market offers 700+ Coin pairs, making it the most popular buying platform. Buying methods are as follows:
    1. Buy stablecoins through BYDFi, third-party Coin buying channels. Additionally, you can transfer crypto assets from other wallets or exchanges to the BYDFi platform. Please make sure to choose the correct blockchain network, once you deposit your funds to the wrong address it cannot be reversed.
    2. Transfer your crypto to BYDFi account. Find the trading pair you want to trade on BYDFi's spot market. Place an order to exchange your currency to
    common-how-to-buy-tips-0Note: BYDFi offers a variety of order types to buy in the spot market, such as market orders to buy immediately and limit orders to buy at a specific price. For more information about BYDFi order types, click here
    3. After a successful trade, you can view the available in your account

How to store ?

The best way to store will vary depending on your needs and preferences. Check out the pros and cons to find the best way to store

Store MIOTA in your BYDFi account

Storing assets on BYDFi will give you quick access to trading products such as spot and contract trading, savings, lending, and more. BYDFi acts as the custodian of your crypto assets, saving you the hassle of keeping your private keys. Make sure to set strong passwords and upgrade your security settings to prevent malicious actions from accessing your assets

Deposit your MIOTA to the wallet

「No key, can't withdraw」If security is your biggest concern, you can withdraw to a decentralized wallet, so you can easily manage your key. You can use any type of wallet, including smart wallets, Web3 wallets or paper wallets. Note that this option may not be convenient if you want to frequently trade or use your assets. Be sure to store your private key in a secure location as loss of the key could result in the permanent loss of .

How you can use with BYDFi

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Hold

Store in your BYDFi account.

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Trade

Trade in spot and futures markets.

Why is BYDFi the best platform to buy ?

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    Safe and reliable

    Millions of global crypto users trust us. Our multi-tier & multi-cluster system architecture and insurance fund protect your account.

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    High liquidity

    BYDFi has highly liquid buy and sell orders for all listed cryptocurrencies, providing a liquid trading experience with tight spreads

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    Gem cryptocurrency platform

    Supporting over 500 cryptocurrencies, BYDFi is the best platform to find your next Gem. You can buy MIOTA on BYDFi and use it to exchange other crypto assets.

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    Friendly interface

    Thanks to its simple interface and superior technology, buying on BYDFi is quick and convenient. Buy Coin on BYDFi to receive MIOTA

Trade

    Answers

    What Is IOTA (MIOTA)?

    IOTA is a distributed ledger with one big difference: it isnt actually a blockchain. Instead, its proprietary technology is known as Tangle, a system of nodes that confirm transactions. The foundation behind this platform says this offers far greater speeds than conventional blockchains — and an ideal footprint for the ever-expanding Internet of Things ecosystem.

    To learn more about this project, check out our deep dive of IOTA.

    Because theres no blockchain, there are no miners, and because there are no miners, there are no fees. Many established networks see costs balloon when congestion intensifies, but IOTA aims to provide limitless throughput at minimal expense.

    In time, IOTAs goal is to become the de facto platform for executing transactions between IoT devices. Given how estimates suggest there could be 20.4 billion such devices out there by 2024, this could end up being big business.

    The team behind IOTA believe that the potential use cases dont end here. They believe their distributed ledger could deliver digital identities to all, result in car insurance policies that are based on actual usage, pave the way for cutting-edge smart cities, deliver seamless global trade and prove the authenticity of products.

    Originally known as Jinn, a crowdsale for the project was held in September 2014, and the network officially launched in 2016.

    Who Are the Founders of IOTA?

    IOTA has four co-founders, and their names are Sergey Ivancheglo, Serguei Popov, David Sønstebø and Dominik Schiener.

    According to the IOTA Foundation, the initiative has rapidly grown since then — and team members are now based across more than 25 countries.

    Sonstebo and Schiener are collectively co-chairmen of the board of directors, while Popov is a board member and the foundations director of research.

    Ivancheglo resigned from the Berlin-based project back in June 2019 but continues as an unofficial advisor. At the time, he said in a statement: I no longer believe that the IOTA Foundation is the best setting for me to realize what we set out to create back in 2014 and 2015. I have always done my best work in a less rigid environment. I am looking forward to continuing the work on both hardware and software development of IOTA independently.

    What Makes IOTA Unique?

    Well, as we alluded to a little earlier, the fact that its effectively a blockchainless blockchain is rather unusual to say the least.

    Tangles more technical name is the Directed Acyclic Graph — and as Sønstebø explained in a blog post back in 2015, this technology aims to retain blockchains ability to execute secure transactions. The only difference is that it does away with the notion of blocks.

    He also wrote: IOTA should not be considered an alternative coin (altcoin) to existing cryptocurrencies such as Bitcoin, rather it is an extension of the growing blockchain ecosystem. Its meant to work in synergy with these other platforms to form cohesion and symbiotic relationships. IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real-time micro-transactions without fees.

    New transactions are validated by approving two previous transactions from another node — and this is a novel approach because it means that the networks size and speed will be directly related to how many people are using the platform.

    And whereas some cryptocurrencies are run as a business, the IOTA Foundation says it is firmly not for profit — adding that it has the sole goal of making the network as prosperous as possible.

    Finally, IOTA has distinguished itself from many other crypto rivals by establishing high-profile partnerships with the carmaker Volkswagen, and helping the city of Taipei to pursue smart projects.

    Read our deep dives into the latest crypto technology

    The latest data on cryptos market cap and trading volumes

    Todays top stories in the crypto and blockchain industry

    BYDFi Blog: Analysis, opinion, news and updates

    How Many IOTA (MIOTA) Coins Are There In Circulation?

    MIOTA has a maximum supply of 2,779,530,283 tokens — and all of them are in circulation. When the crowdsale was held, this digital asset was billed as a utility token that could be used for payment across its network, rather than a profit-sharing coin. An incredibly precise 999,999,999 were sold during the 2015 crowdsale, and this generated revenue of 1,337 BTC for the foundation. Given that Bitcoin was only worth about $325 at the time, this could have resulted in a substantial windfall for the team in later years. It is worth noting that the supply of MIOTA did increase in later years, with the team arguing that a greater level of supply would make the token suitable for the tiny nano transactions that well likely see through IoT devices. The IOTA Foundation launched in October 2017, and at the time, it owned approximately 5% of the tokens that are in circulation, and these were donated by the community. It said the majority of these funds will go towards building an army of developers and researchers.

    How is the IOTA Network Secured?

    Given how the IOTA network isn't a blockchain, you may not think that it would have much need for a consensus mechanism. However, to help keep the network secure, a relatively straightforward Proof-of-Work puzzle is included in the process of validating a transaction. There have been security concerns surrounding IOTA. In the past, researchers have claimed they have found vulnerabilities in the project's code.

    Where Can You Buy IOTA (MIOTA)?

    MIOTA is available on several exchanges. Many people prefer buying MIOTA on Binance, Bitfinex, and OKEx. The project offers various trading pairs, connecting the token with Bitcoin, Ethereum, stablecoins, and fiat currencies such as the Japanese yen, euro, pound, and dollar. You can find more information about fiat on-ramps here.

    Price analysis

    Real-time price

    MIOTA today's price is USD, its Reduce 0% over the past week, and Reduce % over the past 24 hours

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    Disclaimer

    Due to the volatile market nature of cryptocurrencies, prices are subject to market influences and price fluctuations. We recommend that you clearly understand the operating principles and associated risks of digital assets before investing in digital assets. Other factors you need to consider when developing a cryptocurrency investment strategy include your experience, financial situation, investment goals and risk tolerance. You should also consult a financial advisor before purchasing cryptocurrency. None of the above information constitutes financial advice and past market performance cannot accurately predict future performance. The value of your investments and the value of your assets may change as market conditions change and there is no guarantee that you will get your investment back or make a profit on your investment. Your investment decisions are entirely your responsibility and BYDFi is not responsible for any losses you may incur while purchasing cryptocurrencies on the platform. We rely on third party sources of information regarding prices and other cryptocurrency-related information listed above and we are not responsible for the reliability or accuracy of such information. The information provided to you is for reference only, BYDFi does not guarantee this information.