Where and How to Buy IoTeX in 2022 – A Beginner’s Guide

Where to buy IoTeX

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase IoTeX (IOTX) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your IoTeX.

1. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell IoTeX (IOTX) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Binance Features

1. Binance trading has some of the lowest costs in the business.
2. On Binance, you can trade over 180 cryptocurrencies.
3. The exchange is available through online and mobile apps for Android and iOS, as well as desktop programmes for macOS and Windows.
4. Binance Futures provides up to 125x leverage while margin trading provides up to 3x leverage.
5. It offers a dedicated help Centre where you may contact the support team or get actual beginning tips and explanations of various exchange operations.
6. It also allows you to make passive income from your crypto assets through staking, crypto lending, and other methods.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy IoTeX on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase IoTeX (IOTX) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of IoTeX you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of IoTeX you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired IOTX in your Binance Spot Wallet immediately.

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2. KuCoin

KuCoin is a cryptocurrency exchange based in the Seychelles. The service provided by KuCoin cryptocurrency exchange is not limited to buying and selling crypto tokens or exchanging crypto tokens for Altcoins or fiat currencies. Furthermore, KuCoin's cryptocurrency loan service at unique interest rates varies from the rest of the world's crypto exchanges.

The platform is straightforward and simple to use. It is organized into stages for simple registration, following which one may begin trading. The number of cryptocurrencies and fiat currencies supported is extremely astounding. Furthermore, KuCoin provides 10x leverage for margin transactions, making it a popular exchange for passive profits.

KuCoin, being a crypto exchange with a global reach, is a practical choice that is accessible from most countries. Nonetheless, because KuCoin is a non-US-based exchange, US persons over the FBAR threshold must disclose it in FBAR filings.

KuCoin Features

KuCoin has grown to become one of the world's largest cryptocurrency exchanges, thanks in large part to the variety of products and services it provides. KuCoin offers a number of benefits that distinguish it from other exchanges; let's have a look at some of the top features below:

1. Trade costs are extremely minimal at 0.1 percent, with reductions if you pay with KCS.
2. There are about 370 distinct cryptocurrencies available.
3. Apps for iOS and Android are available.
4. Buy cryptocurrency using fiat money.
5. Only a portion of KYC verification is necessary.
6. Buy and trade cryptocurrency with ZERO costs on a peer-to-peer marketplace.
7. Trading in futures and margin.
8. Earn KCS coins on a daily basis with the KuCoin bonus.
9. Lending and borrowing in cryptocurrency.
10. Trading bot for KuCoin.
11. Bank-level asset protection.

How to buy IoTeX on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy IoTeX (IOTX) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for IoTeX to purchase. To do so, type (IOTX) or (IoTeX) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the IoTeX.

4. Enter the amount  of IOTX you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.

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3. Gate.io

Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.

This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.

Getting Started with Gate.io

Creating an account on Gate.io is pretty simple and straightforward, just follow these simple steps below.

Step 1: Go to the official Gate.io website and click Sign Up.

Step 2: On the next screen, enter your email address, and create a password.

Step 3: Next: You must generate a fund password (This password adds an extra layer to your security as without this key no one can withdraw funds from your account).

Step 4: You will be prompted to confirm your email address.

Step 5: Once you've verified your email, you can simply Login to the site and begin trading!

Note: Due to changing regulations, You might need to go through a KYC process to verify your identity.

Gate.io Pros

• The platform is available in over 400 markets and 800 coins worldwide.
• The IEO (initial exchange offering) platform is fantastic.
• Strong mobile application.
• There are several options available, including spot trading and margin trading with 10x leverage.
• Exchange that is extremely secure.
• Customer service is available 24/7.

Gate.io Cons

• The exchange is unregulated.
• It is not advised for inexperienced traders.

How to buy IoTeX on Gate.io

Follow our step by step guide to buy IoTeX (IOTX) on gate.io:

1. Log in to your Account on Gate.io.

2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy IOTX coin (Credit card, Bank Transfer, P2P Trade).

3. Enter the purchase amount in USD. Now select/search IoTeX from dropdown menu.

4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.

5. Accept the terms and conditions and click Purchase.

Now you are Proud investor in IoTeX (IOTX).

If you want to buy IoTeX with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for IOTX and buy it using your deposit cryptocurrency.

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4. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Huobi Global Pros

• A wide variety of supported cryptocurrencies.
• Simple to use interface.
• Low Fees for trading on the Exchange.
• Customer service chat is available 24 hours a day, seven days a week.
• Offer buying large amounts of cryptocurrencies on OTC Desk.
• There is an iOS and Android app available.

Huobi Global Cons

• It might not be suitable for novices.
• Hard to verify new accounts (KYC take some time).

How to buy IoTeX on Huobi Global

Follow the steps below to buy IoTeX (IOTX) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select IoTeX, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of IOTX you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.

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5. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell IoTeX (IOTX) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Coinbase Exchange Features

1. More than 50 cryptocurrencies are supported.
2. Spread and Coinbase costs are included in trading fees.
3. You can use a free wallet service with private key access, or you can retain your cryptocurrency in your Coinbase account for a $2 minimum purchase or sale.
4. Insured policy against fraud losses and storage of the bulk of digital assets offline.
5. Accounts can be accessed using a web browser or a mobile app.
6. Crypto incentives for studying and an education Centre.
7. Option to upgrade to Coinbase Pro.

How to buy IoTeX on Coinbase Exchange

Follow our step by step guide below to start buying IoTeX (IOTX) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select IoTeX from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in IOTX or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.

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Other Exchanges to buy IoTeX

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy IOTX.

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Buy IoTeX on Decentralized Exchanges.

Below, you will find comprehensive and detailed review about top rated decentralized exchanges using which you can buy IoTeX (IOTX) easily.

1. PancakeSwap (v2)

PancakeSwap Exchange started in September 2020 on the Binance Smart Chain as an alternate automated market maker (AMM) to Uniswap Exchange, with cheaper transaction fees and faster speeds. While it began as just a copy and paste of Uniswap on some other blockchain, PancakeSwap Exchange has now evolved a number of features that have allowed it to be utilized more often than Uniswap.

With a variety of features and opportunities for users to make earnings, the platform currently has more Total Value Secured than Uniswap. PancakeSwap Exchange can meet your demands if you are seeking for a decentralised exchange with cheap fees and transaction expenses.

PancakeSwap (v2) Features

PancakeSwap features that describe what more users may accomplish in the exchange. For example, take a look at the PancakeSwap farms, where users may invest their LP tokens to make extra cryptocurrency. 

Meanwhile, PancakeSwap provides a quick and secure way to exchange tokens from BNB or any other BSC supported token to the cryptocurrency of your choosing on the BSC network. Best of all, customers of the exchange may profit from the BSC blockchain's minimal gas prices. As a result, traders and investors may optimize their profits by exchanging crypto with a high degree of security. PancakeSwap is intended to do a variety of features, including:

1. BEP20 tokens are traded.
2. Users can provide liquidity to exchanges in exchange for benefits.
3. CAKE token holders may put their money on the line.
4. Users may use their liquidity power tokens to get access to further incentives.
5. CAKE tokens may be compounded to obtain even more CAKE tokens.
6. To optimize overall yields, use a variety of staking platforms.

How to buy IoTeX on PancakeSwap (v2)

In this section, we'll go through below steps on how to make your first IoTeX purchase on Pancakeswap.

Step 1: Go to Pancakeswap.finance, click Connect Wallet and select Metamask or Trust Wallet. After connecting your wallet to Pancakeswap, you can now begin trading tokens on the Pancake official site.

Step 2: Click Trade > Swap from the main menu. Select the token you want to trade for, and the token you want in the top section (in our case IoTeX), You can also search IoTeX (IOTX) in Coinmarketcap and copy/paste the IOTX contract in Pancakeswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

 

Step 4: Before you finalize the conversion, go through the details and double-check that everything is in order. When you're finished, simply press "Swap" and then "Confirm Swap." That’s all.

As soon as the trade is verified, IoTeX will appear in your wallet.

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2. OpenOcean

OpenOcean is a decentralized exchange that aggregates derivatives, lending products, and insurance products on multiple blockchains.

They also have a large community of existing users. The company's roadmap is full of exciting features. Additionally, the platform is transparent when it comes to trading fees and aims to offer optimal user experience for its users.

If you're a crypto investor and want to buy using decentralized exchange, OpenOcean can be the right choice for you.

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3. Uniswap (v3)

Uniswap is a decentralised exchange (DEX) that allows users to finance liquidity pools and benefit from them.

The platform's user-friendly online interface allows users to exchange Ethereum-powered ERC-20 tokens. Previously, decentralised exchanges had small order books and poor UXs, leaving a huge opportunity for successful decentralised exchange.

Users no longer have to accept defects because they can easily exchange Ethereum-based protocols using a web 3.0 wallet thanks to Uniswap. You can do so without having to deposit or withdraw funds from a centrally controlled order book. Uniswap allows users to trade without the intervention of a third party.

How to buy IoTeX on Uniswap (v3)

In this section, we'll go through below steps on how to make your first IoTeX purchase on Uniswap.

Uniswap allows you to buy IoTeX (IOTX) and any of the thousands of ERC20 tokens offered by the Ethereum network. To do so, you'll need sufficient ETH on hand to cover any transaction costs, as well as anything to exchange for the ERC20 token you desire mostly Ethereum or USDT (ERC-20).

 

Step 1: Navigate to the Uniswap exchange platform. Click the 'Connect to a wallet' option in the upper right corner and log in with the Metamask or Trust wallet.

Step 2: After logging in, the trading dashboard will be shown. Select the token you want to trade for, and the token you want in the top section (in our case IoTeX), You can also search IoTeX (IOTX) in Coinmarketcap and copy/paste the IOTX contract in uniswap.

Step 3: You are now ready to place your order. You can put a number in the top area to specify how much you want to spend, or a number in the bottom field to specify how much you want to purchase.

Step 4: At the bottom of the order menu, you'll see how much you'll be charged. If you're satisfied with these numbers, click the 'Swap' option. When you're finished, confirm the transaction, and it'll be processed. Once completed, your tokens will be available in your ERC20 wallet.

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Conclusion

Choosing the best cryptocurrency platform for IoTeX (IOTX) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.

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