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.
Buying IOTA on Europe’s leading retail broker for buying and selling digital assets is easy, fast and secure.
Crypto-assets are highly volatile. You could sustain a loss of some or all of your investment, so it is important to invest only what you can afford to lose. For a detailed overview of the risks, please review the Risk Disclosure.
Crypto-assets are highly volatile. You could sustain a loss of some or all of your investment, so it is important to invest only what you can afford to lose. For a detailed overview of the risks, please review the Risk Disclosure.
Basically, IOTA is a cryptocurrency just like Bitcoin, Litecoin or Ethereum. It differs, however, in that it doesn’t employ blockchain technology and that it doesn’t use miners to verify transactions. Instead, IOTA’s protocol uses a system called the Tangle, which means that everyone taking part in the network speeds it up. In theory, this means the more participants, the faster and more secure the network becomes. This makes IOTA ideal for usage in Internet-of-Things (IoT) applications, where scalability, microtransactions and transaction speeds are crucial.
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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.
Start by selecting a suitable trading platform that supports IOTA (MIOTA)
Consider features such as security, data protection, and user-friendliness
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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
Verify your identity to start trading IOTA (MIOTA)
Complete the online verification with a stable internet connection and a valid ID document
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
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
Buying cryptocurrencies like IOTA (MIOTA) involves risks and can lead to the total loss of the invested capital.
If you are interested in investing in cryptocurrencies like IOTA (MIOTA), Bitpanda offers a user-friendly and secure platform to get started.
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.
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.
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.
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.
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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.
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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 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.
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.
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.
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.
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
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.
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.
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.
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.
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.
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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.