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Buying IOTA In UK – Step By Step Guide

Investors worldwide are moving ahead of their traditional investing style! The portfolios, which earlier used to look like a balance between the different stocks, dividends, and bonds, have now transitioned to cryptos and other relevant digital assets. 

And while cryptocurrencies are a part of the portfolio of many investors, let’s accept it, Blockchain technology continues to be a part of the scrutiny. While there are many reasons for the same, one which stands out as a matter of concern is the amount of energy Blockchain uses to initiate transactions. 

Being an investor, we’re sure you wouldn’t want to invest your money into something that might have a high chance of becoming obsolete over the years. But unfortunately, this is where the future-forward investors have come up with a new type of crypto that doesn’t leverage Blockchain for its transaction. 

Yes, we’re talking about IOTA! The latest addition to the long list of rising Blockchain platforms around the globe. 

Here are some quick briefs to give you an idea of what the latest trend in crypto is like:

Now that you have the basics right let’s understand the new phase of crypto investment. This blog walks you through the different stages of IOTA, explaining the what and how of its investment. We have also discussed where to buy IOTA in UK in the following sections. Let’s get started!

What is IOTA?

Launched in 2016, MIOTA is a new wave of cryptocurrency that isn’t dependent on the Blockchain for its functioning. Instead, the cryptocurrency runs on a simplified distributed ledger, allowing free transfer of small transactions and data at high speeds. IOTA is a well-known decentralized initiative that uses distributed ledger technology. 

MIOTA, IOTA’s native token, is one of the trending cryptos that has drawn investors’ attention across the globe. With a total supply of little under 2.8 billion units, it operates over a Directed Acyclic Graph (DAG) system called Tangle. A data structure that employs a network of nodes to initiate transactions on the ledger. 

This new-age Blockchain which largely relies on the IoT (Internet Of Things) for its transactions, can execute 1,000 transactions per second without any fee. And while the network declares itself to be a non-profit organization, it has formed several important relationships despite this. Volkswagen and Bosch are two of them.

The best part? Unlike other Blockchains, it doesn’t consume much energy per transaction, only improving itself as more people use it.

Like many other cryptocurrencies, the IOTA protocol has been in development since its foundation by Sergey Ivancheglo, David Sonstebo, Dominik Schiener, and Serguei Popov. They’re members of the IOTA Foundation, an organization promoting the technology’s development and its widespread adoption.

How does IOTA work?

IOTA has no rewards or miners. Instead, it uses a Directed Acyclic Graph (DAG). The Tangle is what DAG IOTA employs. When consumers utilize the Tangle to make a transaction, their device will first validate two other transactions before processing their own. 

It’s like someone keeping a door open for two people to pass through before someone else does the same for you.

All of these seamless functionalities allow for improved transactions and improve the scope of Blockchain as a platform. Such features attract a budding interest of UK investors in MOITA. The following section walks you through buying IOTA in UK for the exchange of your GBP.  

Read about How to Buy Dogecoin in the UK

How to Buy IOTA in the UK With GBP

Thanks to its wide popularity over the last few years, buying IOTA in the UK has become easy. Today, you can easily add some MIOTA tokens to your portfolio by registering yourself for some crypto exchange that deals with fiat currencies. 

Here’s a detailed walkthrough of the different steps involved in buying IOTA in the UK. Let’s check it out: 

Step 1: To acquire IOTA, you’ll first need to find a reliable crypto exchange that offers fiat cash and cryptocurrency. However, being a first-time investor, you can’t simply register yourself with any exchange. Before registering for the best exchange, you need to consider many factors like security, transaction fee, and functionality. 

Note: While several exchanges will provide you with the best function and features, you must ensure that your platform is registered under FCA. Registering on an FCA-regulated platform, especially as more crypto ETFs emerge across Europe.

Step 2: After you’ve finalized a crypto exchange, create an account. Don’t forget to complete your account verification by completing all required steps.

Step 3: This step requires you to deposit funds into your account. Remember, different exchange platforms allow different types of terms for deposits. Some of the most common methods of depositing your money include Neteller, credit cards, bank transfers, and debit cards, depending on the supported payment methods.

Step 4: Now that you have the desired funds in your account, all you need to do is proceed with the units of IOTA you want to invest in! 

Finally, once you’re done making the purchase, you’ll want to keep your freshly acquired digital assets in secure cold storage. This is the best way to store your tokens if you want to hold on to your IOTA coins for a long time. On the contrary, holding it in a hot wallet is far more convenient if you don’t intend to trade IOTA frequently.

Sounds effortless, right? Buying IOTA is simple and straight. However, choosing a dedicated crypto exchange to continue your transactions makes the process really difficult. Given the numerous exchanges available across the UK, finding the ideal one can become troublesome. 

Therefore, to save our fellow readers from the turmoil, we’ve created a list of some ideal exchanges where you can buy IOTA in the UK in the following section.  

Where to Buy IOTA in the UK

Here’s a list of the most beginner-friendly crypto exchanges you can register in the UK. Let’s check it out: 


When talking of the best platforms to buy IOTA, eToro tops the list as one of the most reliable online platforms in the U.K., accumulating over 20 million investors since its inception in 2013. They’ve been a prominent participant in the crypto sector since the inception of blockchain technology. eToro’s goal as a fintech firm is to provide its customers with a complete crypto trading bundle.

Users may invest and trade in a wide range of cryptos using an exhaustive range of tools offered by the platform. What adds to the authenticity of this popular broker is its FCA regulation, backed by clean UI and real-time customer support. 

This platform, a go-to option for beginner investors, is the simplicity with which users can carry on their trade and execute orders. The no-commission feature allows users to purchase cryptos without paying any extra trading commission. Additionally, users can also use the CryptoPortfolio to access a variety of other digital currencies. 

You can use either a debit or credit card issued in the UK about the funding options. Other options to fund your account include using e-wallets such as Skrill, PayPal, and Neteller. You might also deposit funds to buy IOTA via your bank account. 

Moving to the fee structure, investment over eToro can start with a minimum investment of $500 (about £340). However, while the platform has a no commission structure, users might encounter a problem when finally cashing out their investment in IOTA. 



Stock trading Fee


Forex trading Fee

Not supported

Crypto trading Fee

$5 per contract

Inactivity Fee


Withdrawal Fee

One free withdrawal per month

  • No commissions to buy or sell cryptos.
  • Home to 20+ million users.
  • Options to fund via debit/credit cards, e-wallets, and bank transfers.
  • Supports copy trading functionality.
  • Regulated by the FDA.
  • The platform attracts a $5 withdrawal fee
  • Transactions are limited to U.S. dollars


Second on our list is Binance, the most popular crypto exchange and broker in the United Kingdom. Touted as the best exchange platform in the country, it enjoys being the largest crypto exchange platform, despite starting its operation in 2017. The platform, which has recently ventured into IOTA and other currencies, is a great option to begin your investment journey. 

A reliable platform for beginners, and users, can make the most of the platform with the numerous tools present over the platform. The clean and simple UI makes it easy for users to begin their operations. Interestingly, there’s something present for the advanced traders too! They can use advanced trading tools besides varied leverage options to increase their profits. 

To begin your trade journey with Binance, you’ll have to make a deposit using cryptos rather than fiat money. When you register, you won’t need to upload any identification. However, you must provide an email address and a secured password for your wallet. 

Once you’ve signed up, all you have to do is navigate to the BTC/IOTA exchange website and complete the transaction. If you want to trade digital currencies, the exchange also provides hundreds of trading pairings, making it a fantastic choice. There are a lot of smaller-cap cryptocurrencies here that you won’t find anywhere else. Binance charges a 0.1 percent fee for each slide.

Talking of the fee structure over the platform, Binance attracts a fee for trading activity. Besides, users need to pay a nominal fee of 1.8% in case they decide to use a credit or debit card to fund their accounts. 

On the flip side, you can’t simply or inexpensively transfer GBP to Binance. As a result, you’ll have to utilize a different exchange to enter the ecosystem. Additionally, you’ll also have to consider the charges it attracts over withdrawal.

Stock trading Fee0%

Forex trading Fee


Crypto trading FeeUnsupported

Inactivity Fee0

Withdrawal Fee


  • Largest cryptocurrency exchange UK in terms of trading volume
  • Hundreds of cryptocurrency pairs supported
  • Trading commission of just 0.1%
  • Supports UK debit/credit cards and bank transfers
  • Great reputation in the cryptocurrency scene
  • Attracts high fee
  • Complex for new investors


Third on our list is Bitpanda, the latest addition to the leading crypto brokers around Europe. Talking of the company, this fintech organization aims at modernizing the world of investment and traditional finance. What makes the platform unique is the list of offerings which it deals with! You can buy, sell, and invest in Fiat, stocks, and other cryptos like IOTA. 

Thanks to the clean UI and simple-to-use navigation over the platform, beginner investors can make the most of their investments without having to go through the complexities of investment. Additionally, Bitpanda’s PSD2 payment service, reliable security measures, and provider license have made it a go-to application for users. 

In terms of its offerings for the users, they can make the most of their investments with reliable tools. In addition, it has two sets of programs for beginner and advanced users, adding to the improved experience for users. 

Moving to the fee structure, the deposit charges in Bitpanda are rare. The majority of exchanges provide this service for free. So the charge isn’t outrageous; it’s usually around $5. However, because you often have to pay to withdraw money from the original location, it’s worth considering the additional cost. 

Lastly, users can use multiple sources to fund their accounts over the platform! Bitpanda allows funding via multiple options like Amazon pay, credit card, Skrill, and  Sepa.



Stock trading Fee1.83 pips for Amazon.

Forex trading Fee0.8 pips for GBP/USD.
Crypto trading Fee

100 pips for BTC & USD
Inactivity Fee0

Withdrawal Fee0

Best Ways to Buy IOTA in the UK

If you’re wondering where to buy IOTA UK, you have several possibilities! You can, for example, use a standard payment method such as a credit, debit card, or, in some situations, an e-wallet such as Skrill or Paypal. 

This, however, will be determined by the broker you select. You may also convert your existing crypto into IOTA if you already have some in your digital wallet.

Here is a list of possible options which allow you to purchase IOTA in UK without going through the hassle of the process. 

Buy IOTA With Debit Card

Using a debit card is the most convenient way to purchase IOTA in the UK. All you need to do is put in your card details and allow your bank to participate in the fund’s transfer. 

This process is hassle-free as your transaction will be processed immediately, eliminating the need for a manual bank transfer. The primary concern with purchasing IOTA UK using a debit card is that they generally attract a high charge for adding funds into your account. Ensure that you’ve checked the costs associated with it. 

Buy IOTA With Credit Card

Similar to a debit card, you can also use a credit card to fund your crypto wallet and buy IOTA. All you need to do is enter your card details with your vendor and wait for the time for the funds to reflect in your account.  

Note: If you want to buy IOTA in the UK with a credit card, you need to be well aware of the charges you might attract. The issuer may charge you a ‘cash advance fee,’ similar to what you would pay when withdrawing cash from an ATM. Because brokerage deposits are often classified as cash advances, you may be required to pay a fee of 3-5 percent. If that’s the case, your credit card company, not the broker, is responsible for this fee.

Buy IOTA With Paypal

E-wallets are becoming increasingly popular in the UK since they allow you to make safe and secure online transactions. However, it should be noted that only a few bitcoin exchanges are currently accepting e-wallets like Skrill and Paypal.

Here’s a short demonstration of the process involved in buying IOTA with Paypal:

  1. You open an account with your reliable crypto exchange.
  2. You add funds to your chosen e-wallet. 
  3. Once done, you’ll notice a pop-up box where your e-wallet provider will ask you to fill in the login details.
  4. Once you’re sure that you have the required funds in your account, confirm the transaction.
  5. Once done, you have successfully integrated your PayPal account with the crypto platform and can continue with the purchase process.

Buy IOTA With Bitcoin

If you already own a cryptocurrency such as BTC and want to exchange it with IOTA, the method is straightforward. In a nutshell, you must first deposit Bitcoin into an exchange before exchanging it for IOTA.

Here’s a short demonstration of the process involved in buying IOTA with BTC:

  1. Select the pair of IOTA and BTC that you would want to swap for each other.
  2. Look to locate the order box at the bottom of the trading screen as you scroll down.
  3. To ensure that your order is executed instantly, select ‘Market.’
  4. Enter the amount of Bitcoin you want to exchange for IOTA in the box below. To swap the whole amount, move the slider up to 100%.
  5. Confirm the purchase.

What Affects The Success Of IOTA 

Before you start your investing or trading journey with IOTA, here are some of the risks which we believe you should have an idea of:

  1. Tangle vs. blockchain: Instead of a Blockchain commonly involved in carrying out crypto transactions, IOTA employs a unique decentralized network known as the Tangle. The Tangle is still in development, so it’s unclear if it’ll be able to live up to its technological promises. IOTA runs as a centralized network while being built, with a dedicated node called the Coordinator protecting the network against spam assaults.
  2. Nectar: Nectar is the next phase of IOTA, a major v2 upgrade still in the testing phase. This upgrade will decentralize IOTA by removing the Coordinator.
  3. Partnerships: IOTA has teamed up with several high-profile companies to put its technology to the test as part of the IoT, or machine economy. These firms are Dell, BMW, The Linux Foundation, Audi, and several research institutes.
  4. Use-case: Communication between machines and smart cars, sharing underutilized processing resources, governance,  digital ID, and tokenization are some of the planned use-cases for the IOTA networks which are still being tested.
  5. Risks: In its true sense, IOTA continues to be a network. Introducing the MIOTA tokens is to facilitate transactions over the network. On the contrary, this token is not responsible for upholding or appreciating the value of the network.

Invest Wisely!

Investing in financial assets such as cryptocurrencies necessitates considerable forethought and thinking. Without sufficient investigation, an emotional investment might lead to unwarranted dangers. Because bitcoin is such a volatile investment, you must spend it according to your risk tolerance. 

The stock market usually functions on a 20 percent gain at a 5% loss concept. However, because the cryptocurrency market is so volatile and unpredictable, there’s a potential you’ll lose more than 100% of your money, rendering your coin unusable. 

The best method to keep your profile balanced is to invest in a varied financial portfolio that includes not just cryptocurrencies like Bitcoin or IOTA but also mutual funds, stocks, and gold, among other commodities.

That’s your takeaway from buying IOTA in the UK! Now that you know everything about investing in IOTA, we hope you can make the most of your investment in a reliable manner. All the best!  

Read about How to Buy Dogecoin in the UK


  1. Can I start my investment journey with IOTA?

Yes, it is safe to begin your investment journey with IOTA in your portfolio! Similar to a lot of other cryptos present in the market, IOTA has made some significant moves over the years. In its current price movement, the token was able to generate over a 1,400% gain in a year.

2. Can I buy different assets with IOTA?

Currently, you can’t swap IOTA for any other asset in the real world. The token is only limited to initiating transactions over the digital world due to its speculative reasons. However, you can buy any asset you wish to with the gains you make by holding or trading the tokens. 

3. Can I anonymously purchase IOTA?

Yes, there’s a way to purchase IOTA anonymously! For example, you could swap your crypto like BTC for IOTA. In such a situation, all you need to do is deposit Bitcoin into a crypto exchange platform (Binance) and swap it for the desired units of IOTA you wish to hold. 


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