How To Buy IOTA UK – Buy IOTA In Under 5 Minutes
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Launched in 2016 – IOTA has since become a multi-billion pound digital currency. If you want to buy IOTA in the UK – you’ll first need to open an account with an online broker or exchange, deposit some funds, and decide how many tokens you wish to purchase.
In this guide, we show you how to buy IOTA in the UK and review the best brokers to complete the investment with.
Table of Contents
#1 Broker to Buy IOTA – eToro
How To Buy IOTA – Choose a Broker
The first thing you need to do when thinking about how to buy IOTA in the UK is to choose a suitable broker. There are plenty of options in the market, albeit, we found that the following are worth considering:
- eToro – Overall Best Broker to Buy IOTA UK
- OKEx – Best Low-Cost Broker to Buy IOTA UK via a Crypto Deposit
- Binance – Best Broker to Buy IOTA for Asset Diversity
We explain the pros and cons of the above IOTA brokers further down in this guide.
$ =  IOTASort By Rating 3 Providers that match your filters Payment methods Features Usability Support Fees 1 or better Safety 1 or better Coin selection 1 or better Rating 1 or better Featured Broker  Rating for $ 100 you get 377.0441MIOTA Features
Fees Safety Coin selection Features     Payment methods      Featured Broker  Rating for $ 100 you get 386.2853MIOTA Features
Fees Safety Coin selection Features Payment methods  for $100 you get 386.2853 MIOTA CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.  Rating for $ 100 you get 387.8061MIOTA Features
Fees Safety Coin selection Features Payment methods  |
How to Buy IOTA in the UK – A Quick Guide For 2022
The process involved when buying IOTA in the UK is relatively straightforward – as per the quickfire guide below.
- Step 1: Open an Account with eToro – eToro is the best broker to buy IOTA in the UK – as you will benefit from low fees and commissions, lots of supported payment methods, and a strong regulatory framework. Therefore, the first step of the process is to open a brokerage account with eToro.
- Step 2: Upload Your ID – Once you’ve registered an account, you will need to provide eToro with a copy of your government-issued ID – which can be either a passport or driver’s license.
- Step 3: Deposit Funds – You will need to deposit funds before you can buy IOTA in the UK. eToro supports debit/credit cards, e-wallets like Skrill and Paypal, and bank transfers.
- Step 4: Buy IOTA – With your eToro account funded, you can now search for ‘IOTA’. Upon clicking on the ‘Trade’ button, you will see an order box appear. Simply enter your stake (minimum $25) and click on the ‘Open Trade’ button.
By heading over to your portfolio dashboard on eToro, you will now see your IOTA tokens. When you get around to cashing your investment out, all you need to do is click on the ‘Sell’ button next to IOTA.
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
Where to Buy IOTA in the UK
In the sections above, we provided you with a quickfire breakdown of which brokers to consider when buying IOTA in the UK. As choosing the right provider is absolutely crucial in the cryptocurrency investment arena – below you will find comprehensive reviews of the best IOTA brokers of 2022.
1. eToro – Overall Best Broker to Buy IOTA UK
The investment process itself should take you no more than 5 minutes when using eToro. Once you’ve provided the platform with your personal details, you will then be able to make a deposit into your account. The best payment options supported by eToro include debit/credit cards and e-wallets like Paypal. UK bank transfers are also an option. Either way, once you’ve made a deposit, you can then buy IOTA in the UK at a minimum investment of just $25 – or about £18.
If you are thinking about adding other digital tokens to your portfolio – eToro supports plenty of other cryptocurrencies. This includes major blockchain assets like Bitcoin and Ethereum, as well Defi coins such as Decentraland, AAVE, and Uniswap. All cryptocurrencies – including IOTA, can be purchased at eToro on a spread-only basis. This ensures that you are able to invest in IOTA in the UK without paying high brokerage fees.
While we are on the subject of fees, we should also note that you will only be charged 0.5% to deposit funds. In comparison, Coinbase – which is one of the most popular cryptocurrency exchanges in the market – will charge you 3.99% to use your debit card. Once you have invested in IOTA, you might also consider some of the other trading tools offered by eToro. This includes a CryptoPortfolio, which allows you to buy heaps of different tokens through a single investment.
The copy trading tool is also notable, as this allows you to invest in a successful eToro trader. Then, any assets that the investor buys or sells will be mirrored in your own account – at an amount proportionate to your stake. It is also important to note that eToro offers traditional assets, too. This includes stocks and shares from 17 countries, ETFs, and even forex, commodities, and indices. It’s also worth downloading the eToro app – which allows you to trade assets while on the move.
Pros
- Invest in cryptocurrencies on a spread-only basis
- Buy thousands of UK and international stocks at 0% commission
- Minimum investment per trade from just $25
- Supports debit/credit cards, e-wallets, and local bank transfers
- Regulated by the FCA, CySEC, and ASIC
- Used by over 20 million people
- Perfect for beginners
- Social and copy trading tools
Cons
- Perhaps too basic for technical traders
- No support for MT4 or MT5
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
2. OKEx – Best Low-Cost Broker to Buy IOTA UK via a Crypto Deposit
Then, you can swap them for IOTA. The commission applicable at OKEx when performing a crypto-to-crypto trade is just 0.10%. So, buying £200 worth of IOTA would cost you just 20p in commission. On the other hand, if you do not have any crypto to hand and thus – need to buy some with a debit/credit card – OKEx has you covered. In fact, not only does OKEx support Visa and Mastercard payments, but bank transfers, too.
If you’re keen to explore what other investment products are hosted on OKEx – you might want to check out its ‘Earn’ department. In a nutshell, this allows you to lock up your idle cryptocurrency tokens and earn interest in return. Although IOTA attracts an interest rate of just 0.02%, other supported coins pay double-digits. OKEx also offers a huge educational site that comes packed to the rafters with useful cryptocurrency trading guides.
Pros
- Trusted crypto exchange with over 20 million users
- More than 400+ digital currency pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Great reputation and highly secure
- Debit/credit card fees could be more competitive
- Derivative products too complex for beginners
su_list]
at eToro, UK’s #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
3. Binance – Best Broker to Buy IOTA for Asset Diversity
As you likely know – cryptocurrencies are highly volatile – so putting all of your investment funds into IOTA alone is not a wise strategy. On the contrary, it’s best to diversify by investing in a full range of different cryptocurrencies. Binance is perhaps the best broker for this purpose – as the platform is home to hundreds of digital tokens of various shapes and sizes.
In terms of how to buy IOTA in the UK at Binance – you won’t be able to make a direct purchase with your debit/credit card. Much like in the case of OKEx, you will first need to purchase an alternative cryptocurrency like Bitcoin. Then, you can head over to the IOTA/BTC market and swap Bitcoin into IOTA. If you already have a digital currency stored externally, you can transfer the funds into Binance in minutes.
If you elect to use your debit or credit card, you will need to go through a KYC process – which is standard. This means uploading a copy of your passport or driver’s license. Binance is also renowned for offering top-grade security – which includes its Safe Asset Fund for Users (SAFU). This adds a portion of commission fees to a reserve pot – which is in place to reimburse users should they have their account hacked. Other security protocols include 2FA, IP address whitelisting, and email confirmations.
Pros
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit cards and local bank transfers
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Ideal for both beginners and experienced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at eToro, UK's #1 Broker
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.
How to Buy IOTA in the UK – Detailed & Explained in Full
If you are looking at how to buy IOTA in the UK for the first time - this section is for you. Within it, we are going to walk you through the IOTA investment process step-by-step. This includes opening an account with eToro, making a deposit, and placing a buy order.
Featured Broker
CFDs are complex instruments and carry a high risk of losing money quickly through leverage. 75% of retail investor accounts lose money when trading CFDs from this provider.
Featured Broker
CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital.
83% der Konten von Privatinvestoren verlieren beim Trading von CFDs bei diesem Anbieter Geld. Ihr Kapital ist im Risiko
Select Broker
Rating
5.0 | 4.3 | 5.0 |
Mobile App Rating
10/10 | 9/10 | 1/10 |
Mobile App
Wallet
Number of Coins
| 134 | 15 | 59 |
Trading Fees
| Spreads | N/A | N/A |
Deposit Fees
| N/A | N/A | N/A |
Withdrawal Fees
| 5 USD | N/A | N/A |
Regulated
| N/A | CBI and MiFID in Europe | N/A |
Min. Deposit
| 50$ | $100 | N/A |
Leveraged Trading
| N/A | 1:2 for cryptocurrencies | N/A |
Bitcoin
| $22878.15 | $22955.93 | $22967.36 |
Ethereum
| $1264.70 | $1245.46 | $1249.81 |
XRP
| $0.33 | $0.32 | $0.32 |
Tether
| $1.00 | N/A | N/A |
Litecoin
| $46.37 | $45.78 | $45.74 |
Bitcoin Cash
| $133.07 | $132.22 | $132.29 |
Chainlink
| $6.40 | $6.49 | $6.41 |
Cardano
| $0.53 | N/A | $0.53 |
IOTA
| $0.28 | $0.27 | $0.27 |
Binance Coin
| $235.70 | N/A | $230.29 |
Stellar
| $0.11 | $0.11 | $0.11 |
Bitcoin SV
| $57.26 | N/A | $56.92 |
USD Coin
| $1.01 | N/A | N/A |
EOS
| $0.98 | $0.97 | $0.96 |
Monero
| $126.28 | N/A | $126.78 |
Credit Card
Paypal
Sepa Transfer
Skrill
Sofort
Neteller
Giropay