Buy IOTA MIOTA

Purchasing IOTA (MIOTA) and other cryptocurrencies is simple and straightforward online. You can buy and sell IOTA (MIOTA) on various platforms, including crypto brokers and exchanges.

Investing in IOTA (MIOTA) and other cryptocurrencies can be done in a few easy steps. Follow this guide to get started with crypto trading on platforms like Bitpanda and build your digital asset portfolio.

1. Choose the right platform to invest

• Start by selecting a suitable trading platform that supports IOTA (MIOTA)

• Consider features such as security, data protection, and user-friendliness

• With the Bitpanda app from the Play Store orApp Store, you can invest securely and conveniently on your mobile device

2. Create an account and get started

• Register with an email address and create a strong password

• Provide necessary personal details

• Accept the terms and conditions and privacy policy

• Begin the verification process

3. Confirm your identity

• Verify your identity to start trading IOTA (MIOTA)

• Complete the online verification with a stable internet connection and a valid ID document

4. Deposit funds into your account

• Use the Bitpanda website or mobile app to deposit fiat money or other tradable assets into your account

  You can deposit via bank transfer, credit card, PayPal or Apple Pay

  There are also options to use EPS and SOFORT transfers, giropay, SEPA direct debits and other online payment services such as Skrill and NETELLER

5. Buy IOTA (MIOTA) and invest in cryptocurrencies

• Once the funds are in your account, you can buy IOTA (MIOTA) and other cryptocurrencies

• Simply select IOTA (MIOTA) for purchase, choose a payment method, and confirm the transaction

If you are interested in investing in cryptocurrencies like IOTA (MIOTA), Bitpanda offers a user-friendly and secure platform to get started.

Intuitive platform

Our platform features a user-friendly interface that makes buying IOTA (MIOTA) simple for both beginners and experienced traders. With the Bitpanda app, you can conveniently trade cryptocurrencies and other assets on your smartphone.

Install the Bitpanda app on your smartphone or tablet now.

Licenced and trustworthy

Bitpanda operates under strict regulatory guidelines and holds all necessary licenses for crypto brokers. Our business practices and holdings are regularly validated by external auditors. This ensures high security and transparency for every transaction.

Wide range of assets

At Bitpanda, you can invest in more than just cryptocurrencies. We offer over 3,000 different assets, including ETFs, CFDs, stocks, indices, and precious metals. Unlike other crypto exchanges, we guarantee stable prices based on the current market value.

Bitpanda wallet

Your IOTA (MIOTA) and other cryptocurrencies are securely stored in the wallet of your Bitpanda account. You can transfer your digital assets to an external wallet at any time.

24/7 customer support

If you have any questions or encounter issues while trading IOTA (MIOTA) or other assets, our customer support team is available 24/7 to assist.

Beginner-friendly products

Bitpanda offers products designed to help you start your crypto investment journey easily. With the Bitpanda crypto indices, you can invest in a diversified portfolio of leading cryptocurrencies. The Bitpanda Savings plans allow for regular investments to build long-term wealth.

Forecasts predict a continuous increase in the IOTA (MIOTA) price due to the growing acceptance and use of cryptocurrencies. Those who invest early could benefit from long-term price appreciation.

The value of IOTA (MIOTA) can be affected by various factors, such as regulatory changes and global economic events. Therefore, it is essential to thoroughly research before investing. The following sections give an overview of the key events and factors impacting its price.

The past price trends of IOTA (MIOTA) do not indicate future performance.

Key information about IOTA (MIOTA):

• The IOTA platform was founded and developed in 2015 by David Sønstebø, Sergey Ivancheglo, Serguei Popov and Dominik Schiener

• IOTA is based on a ‘Tangle’ system, where transactions are confirmed through a network of nodes

• The technology behind IOTA promotes the Internet of Things (IoT)

• The cryptocurrency is not based on a blockchain, so there are no transaction fees and the number of simultaneous transactions is theoretically unlimited

• IOTA tokens are the smallest unit of the cryptocurrency

• MIOTA units (Mega-IOTA) correspond to 1,000,000 IOTA units and are limited to approximately 2,780,000,000 MIOTA

• The MIOTA cryptocurrency based on IOTA is a token, not a coin

The IOTA platform was founded and developed in 2015 by David Sønstebø, Sergey Ivancheglo, Serguei Popov and Dominik Schiener. The platform is not based on blockchain technology but on a Tangle system. There are different theories about the origin of the network's name. IOTA is the ninth letter of the Greek alphabet, and many crypto investors interpret the name as ‘Internet of Things Association’. The IoT aims to increasingly network electronic devices, making them less dependent on humans as intermediaries.

Due to fast and unlimited transactions without fees, the MIOTA cryptocurrency is suitable for paying for services and goods within this interconnected system. Unlike traditional blockchains, the IOTA network becomes better and more efficient with each new user, instead of encountering problems with transaction fees and wait times. Many forecasts see the increasing use of IOTA as realistic.

If you are interested in buying cryptocurrencies like IOTA (MIOTA), Bitpanda offers a suitable platform for trading over 200 different assets. Start today and create your own crypto portfolio.

The Tangle and DAG 

The IOTA system the Tangle is a ‘Directed acyclic graph’ (DAG). The IOTA network consists of individual nodes that are interconnected. Before a transaction is conducted, two previous transactions must be confirmed or validated. This eliminates the traditional validation systems like Proof of Work (PoW) or Proof of Stake (PoS).

Eliminating mining, where transactions are confirmed through computational power, and staking, where existing tokens are used as collateral for validation, means transaction fees and long wait times are also eliminated. The Tangle is ideal for daily transactions and is almost infinitely scalable. However, with the advantages of the validation process comes lower security compared to PoS or PoW blockchains.

IOTA network security

A blockchain can be manipulated if a party controls 51% of the computing power. False transactions can be made and validated, and ‘double spending’ is possible. A double spending occurs when a unit of a cryptocurrency is promised to two recipients at the same time. For example, if hackers control more than half, 51% of the network's computing power, both transactions can be validated and conducted.

While classic PoS and PoW blockchains are only at risk from a ‘51% attack’, the IOTA platform is also at risk from a ‘34% attack’, as it is enough to manipulate the transactions of the IOTA platform. However, due to the current number of nodes within the IOTA platform and the steadily increasing size of the network, this risk is becoming increasingly unlikely.

To further secure IOTA, a coordinator from the IOTA Foundation regularly issues signed transactions. These processes, also called milestones, ensure the integrity of the Tangle. If there is a discrepancy between two consecutive milestones, such as through double spending, the later milestone is invalid and is not accepted by the nodes in the Tangle.

This secures IOTA but also restricts it as a decentralised network. The foundation's coordinator is a single point of failure and doesn’t provide decentralised security like traditional blockchains, where validation and verification of blockchain integrity run simultaneously on many computers worldwide. To confirm a transaction, a network participant must solve a simple Proof of Work puzzle to improve the platform's security.

IOTA: a limited pre-mined cryptocurrency

Like many other cryptocurrencies, the number of IOTA is limited. There are around 2.8 billion MIOTA tokens, quasi pre-mined, meaning they are already in circulation. During a crowdsale to finance the project, 999,999,999 million MIOTA were sold. The platform gained 1,337 Bitcoin (BTC) at a then-market value of 325 USD per token.

The IOTA Foundation was established in 2017, with community support contributing around 5% of the MIOTA tokens. The foundation wanted to use the majority of the donations to finance developers and researchers. 

In 2023, the IOTA 2.0 blockchain and the Shimmer Network are scheduled to go live. Shimmer is a test network for changes in the IOTA protocol, so developments can be tested in a secure environment before they are applied.

Balancing price fluctuations with regular investments

Like all other cryptocurrencies, the price of IOTA is subject to high volatility and depending on when you buy IOTA, the price trend may have reached a high or low. Investments may rise or fall in the future and large gains, but also large losses, are possible.

However, if you buy IOTA at regular intervals at different prices, the average price of your investment increasingly aligns with an average IOTA price. Experts refer to this as the cost-average effect. With the Bitpanda Savings plan, simply choose an interval and an amount you want to invest then sit back and relax.

Key points to know about IOTA:

• The platform is not based on blockchain technology, but on The Tangle, a system of various nodes

• A DAG verifies transactions by validating two existing movements in the network for each new transaction

• The platform and cryptocurrency were both developed with a focus on the Internet of Things (IoT)

• Advantages of IOTA include high scalability through fast transactions and the elimination of transaction fees, ideal for microtransactions

• Disadvantages of the network include lower security compared to blockchain-based cryptocurrencies

• In 2023, an upgrade to IOTA 2.0 is planned, introducing the Shimmer system and second-fast transactions

• IOTA has entered into numerous partnerships with well-known companies, including Volkswagen, Jaguar Land Rover and Microsoft

• Measured by market capitalisation, IOTA (MIOTA) ranks among the top 75 cryptocurrencies

For further information about IOTA (MIOTA), such as the technology behind the network or possible applications, take a look at the IOTA whitepaper.

As with all other cryptocurrencies, the price per token is determined solely by supply and demand. Unlike many fiat currencies, established currencies controlled by states or financial institutions, no other entities influence the IOTA (MIOTA) price.

However, political and economic events and decisions can affect the interest in IOTA (MIOTA) as a means of payment or investment. Measured by market capitalisation, IOTA (MIOTA) is among the top 75 cryptocurrencies at the current price trend.

Price history of IOTA (MIOTA)

In an initial coin offering (ICO) to finance a project, coins or tokens were sold in advance, and the price per MIOTA was around 0.001 USD. The project received around 500,000 USD in Bitcoin to develop the project. The ICO investors claimed only about 60% of the total MIOTA and 40% of the tokens returned to the project.

In 2017, the IOTA price reached an all-time high of 5.69 USD. At this price per token, the cryptocurrency reached a market capitalisation of over 12,000,000,000 USD making it one of the top 7 cryptocurrencies at the time.

In March 2020, the IOTA (MIOTA) price fell to an all-time low of 0.007962 USD. In 2021, the price briefly exceeded 2.50 USD. After many price fluctuations, the price fell to a low of around 0.16 USD in December 2022. In recent months, the price per token has risen, temporarily reaching 0.25 USD.

As the IOTA platform enables second-fast transactions without additional costs and plans the update to IOTA 2.0 in 2023, many experts' forecasts see the price trend rising. However, past price developments are not indicative of future performance.

Major price milestones include:

• December 2015: 0.001 USD

• 2017: 5.69 USD

• March 2020: 0.007962 USD

• April 2021: 2.50 USD

• December 2022: 0.16 USD

• February 2023: 0.25 USD

Bitcoin investment

During the ICO to finance the project, the sale of MIOTA raised Bitcoins worth 500,000 USD, resulting in an initial MIOTA price of 0.001 USD. However, the ICO investors claimed only about 60% of the MIOTA tokens and the remaining 40% returned to the project.

The crypto hype of 2017

During the crypto hype of 2017, many cryptocurrencies experienced strong price gains. The IOTA price also rose to an all-time high of 5.69 USD. The IOTA (MIOTA) price fell over time due to a price correction and disagreements.

Speculations suggest that the hype was driven by manipulation by a market participant, with Tether (USDT) and the Bitfinex platform artificially driving up the Bitcoin price. Increasing media interest and growing awareness of cryptocurrencies meant MIOTA also benefited from this market manipulation.

Sergey Ivancheglo's exit

In 2020, there were significant tensions between the IOTA founders. Sergey Ivancheglo announced on Twitter that he had major issues with his co-founder David Sønstebø. He demanded a payout of 25 trillion IOTA worth 7.7 million USD from his business partner and announced that he would no longer work on the project.

As a result, the IOTA coordinator was offline for 12 days, and the largest investors publicly criticised IOTA. This public dispute and its consequences led to great uncertainties among investors. In March, IOTA (MIOTA) fell to an all-time low of 0.007962 USD. In December 2020, the foundation announced that IOTA had separated from David Sønstebø due to his unprofessional comments and behaviour.

The 2021 crypto boom

In 2021 many cryptocurrencies experienced a boom, and some coins and tokens saw a dramatic price increase. Other digital assets like non-fungible tokens (NFTs) also received great interest. That January, Elon Musk ushered in the bull year, a phase of rising prices, with a single tweet. Consequently, the Bitcoin price rose by 20%. 

Companies like Tesla also announced significant investments, and PayPal announced that it would accept payments in cryptocurrencies in the future. Through this economic upswing, increasing interest, and growing opportunities to pay with cryptocurrencies, prices rose, and IOTA (MIOTA) climbed to 2.50 USD.

The 2022 crypto winter 

After the high phase of 2021, a drastic price correction occurred again. The Ukraine war and rising inflation rates reduced investors' willingness to invest. China issued a general ban on cryptocurrencies, and private crypto wallets were banned in India.

Additionally, the first governments expressed interest in measures to regulate digital assets. The collapse of the FTX platform and the Terra blockchain further drove the price losses of many cryptocurrencies. IOTA (MIOTA) fell to a low of around 0.16 USD in December 2022.

In the following months, the price recovered and temporarily reached around 0.25 USD in February 2023. With the upcoming update to IOTA 2.0 and increasing use cases of MIOTA as a means of payment, especially in IoT, many experts' forecasts predict a positive price development. However, past price trends are not indicative of future price trends.

Besides economic and political factors affecting investment interest in digital assets, the foundation's public image has been damaged by publicly aired internal conflicts, leading to a significant drop in demand and price.

Partnerships with well-known companies also play an important role. Announcements of new collaborations often lead to an increase in IOTA (MIOTA), with influential supporters, such as Elon Musk, significantly impacting its value. Another key factor is the platform's further development, making IOTA increasingly suitable for everyday use. 

Additionally, easier use of IOTA (MIOTA) as a means of payment could lead to higher demand. Simple IOTA (MIOTA) payments are possible with the Bitpanda Card. Use your stored digital assets wherever Visa is accepted. When you make a purchase, your assets are converted to the required fiat currency at the current exchange rate.

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.

ESG (Environmental, Social, and Governance) regulations for crypto assets aim to address their environmental impact (e.g., energy-intensive mining), promote transparency, and ensure ethical governance practices to align the crypto industry with broader sustainability and societal goals. These regulations encourage compliance with standards that mitigate risks and foster trust in digital assets.