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How to buy IOTA (MIOTA) in the UK

Current Price: £0.0008   24hr: -0.06%

IOTA (MIOTA) is an exciting implementation of blockchain technology, which features free transactions, fast confirmations, and huge potential for scalability. These features are making IOTA increasingly popular, especially as other cryptocurrencies face scalability issues and relatively large fees. The easiest way to buy the coin is with BC Bitcoin. Another option is to acquire Bitcoin (BTC), and trade it for IOTA on an exchange such as Bitfinex or Binance…


Recommended: Buy IOTA with BC Bitcoin

This is a great option for anyone looking to buy IOTA (MIOTA) with British Pounds or Euros in a simple and safe way.

BC Bitcoin accept debit and credit cards, as well as bank transfers including UK Faster Payments and SEPA transfers.

Here’s how to buy IOTA with BC Bitcoin:

  1. Sign up for an account here
  2. Head to the Buy Coins page and complete the form
  3. You will receive IOTA to your wallet once the order is complete

How to buy IOTA UK

About BC Bitcoin

BC Bitcoin are a Hertfordshire based Cryptocurrency Brokerage that allows you to Buy, Sell and Exchange a wide variety of Cryptocurrencies including IOTA (MIOTA).

They have achieved a 5-star Trustpilot rating, most probably due to their excellent customer service and simple buying process.

Their team can be easily contacted via phone, online chat or email which makes for a great customer experience. You can use their Contact Us page if you have any questions.


Option 2: Buy IOTA on an Exchange

Step 1: Acquire Bitcoin (BTC)

We’ll be buying IOTA with Bitcoin, so your first task is to acquire some Bitcoin. We have a run-down on some of the easiest ways to do this here, including GBP buying options.

Quick options for buying BTC in the UK:

Click here for a detailed guide on buying BTC in the UK

Step 2: Trade Bitcoin for IOTA

Now, we will use an exchange to buy IOTA with Bitcoin…

Binance Instructions (Recommended)

  1. Register for a Binance account here
  2. Deposit Bitcoin into your account by heading to Funds -> Deposits Withdrawals in the top menu
    1. Click the + next to Bitcoin to reveal the wallet address – send Bitcoin here
  3. Once Bitcoin has reached your Binance wallet, head to Exchange -> Basic via the top navigation bar
  4. Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
    1. Type IOTA in the search bar
    2. Click the IOTA/BTC link to reach the market page
  5. See the Buy IOTA panel (pictured below), set your Buy parameters, and click the big green button
    1. This places an order, which can be watched via the Orders tab in the top navigation bar
    2. When your order is filled, the exchange is complete, and your IOTA will appear in your IOTA wallet under the Funds tab

Gate.io Instructions

  1. Sign up for a Gate.io account here
  2. Deposit Bitcoin into your account by going to the Wallets tab
    1. Click the red Deposit button on the BTC row
    2. Send your BTC to the address that is generated
  3. When your BTC arrives in your Gate.io wallet, head to the BTC market page for IOTA (or click here)
  4. Enter your order parameters in the Buy IOTA panel and hit Buy
  5. When your order is filled, your IOTA will show up in your wallet

Bitfinex Instructions

  1. Create an account at Bitfinex here
  2. Deposit BTC into your Bitfinex wallet…
    1. Click Deposit on the top bar menu
    2. Click Bitcoin
    3. Copy your Exchange Wallet address
    4. Send Bitcoin to this address, and wait for the transaction to receive the required confirmations
  3. Now that you have Bitcoin in your Bitfinex account, type IOTA into the search bar, and click on the Trading IOTA/BTC option
  4. Complete the Order Form to exchange your BTC for IOTA
Buy IOTA with Bitfinex
The Bitfinex Order Form