IOTA (MIOTA) is the 97th largest cryptocurrency in the world by market cap, valued at $638,458,106. The current price of IOTA is $0.2297, which is 4.220%
higher than yesterday. Prices have ranged between $0.230145 and $0.217529 over the past 24 hours. All prices are listed in US dollars and accurate as of January 26, 2023 01:01 UTC.
Iota price chart
Price over the past month
What is Iota?
IOTA is a new type of cryptocurrency network that uses a technology called The Tangle to support its network, instead of a blockchain. This allows IOTA to provide users with zero transaction fees, instant transfers and theoretically infinite scalability.
It is focused on microtransactions and aims to support the Internet of Things, enabling smart devices (eg, phones, fridges, cars) to talk and transact with each other. The IOTA (MIOTA) coin is used for payments on the network.
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“One of the biggest problems for many existing blockchain-based applications, including bitcoin, is scaling. IOTA is confronting this challenge by using a method called “snapshotting” to handle data on the tangle ledger in a way that enables the network to efficiently process many transactions at once.” I read a article on https://iota-news.com about the snapshot, too. But there was also the info, that the new trinity wallet will do the snapshot reattachment automated. Is that true? Would be great
For the IOTA Trinity Wallet, one of the features of its Beta release is the Snapshot Transition wherein the wallet will have snapshot.
One of the disadvantage of the snapshot is that, if you will access your IOTA wallet after the snapshot and your balance shows 0, you may not be able to see the transaction history as it has been deleted.
I hope this helps.
Please do not hesitate to reach out to us again if you have additional questions.
Just curious after reading your post – will Bitfinex accept ETH from Coinmama? I’ve read Bitfinex do not accept ETH from Coinmama as it is a smart contract. If not, do you know if Binance will or alternatively, will it accept bitcoins instead of ETH? Do you recommend other exchanges that I can buy IOTA. Will I need to set up an intermediary wallet or can I transfer bitcoins or ETH directly from Coinmama to Binance or Bitfinex?
I would like to transfer funds from Coinmama to these exchanges but prefer it be painless and learn from others who’ve actually gone through the process. Thanks in advance.
You may contact Coinmama’s support directly about this as many exchanges have that issue. However, it’s relatively quick and painless to set up a wallet if needed.
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“One of the biggest problems for many existing blockchain-based applications, including bitcoin, is scaling. IOTA is confronting this challenge by using a method called “snapshotting” to handle data on the tangle ledger in a way that enables the network to efficiently process many transactions at once.” I read a article on https://iota-news.com about the snapshot, too. But there was also the info, that the new trinity wallet will do the snapshot reattachment automated. Is that true? Would be great
Hi Adrian,
Thank you for reaching out to us.
For the IOTA Trinity Wallet, one of the features of its Beta release is the Snapshot Transition wherein the wallet will have snapshot.
One of the disadvantage of the snapshot is that, if you will access your IOTA wallet after the snapshot and your balance shows 0, you may not be able to see the transaction history as it has been deleted.
I hope this helps.
Please do not hesitate to reach out to us again if you have additional questions.
Cheers,
Ash
Hi, thanks for the insight.
Just curious after reading your post – will Bitfinex accept ETH from Coinmama? I’ve read Bitfinex do not accept ETH from Coinmama as it is a smart contract. If not, do you know if Binance will or alternatively, will it accept bitcoins instead of ETH? Do you recommend other exchanges that I can buy IOTA. Will I need to set up an intermediary wallet or can I transfer bitcoins or ETH directly from Coinmama to Binance or Bitfinex?
I would like to transfer funds from Coinmama to these exchanges but prefer it be painless and learn from others who’ve actually gone through the process. Thanks in advance.
Hi Rampers1,
Thanks for your inquiry
You may contact Coinmama’s support directly about this as many exchanges have that issue. However, it’s relatively quick and painless to set up a wallet if needed.
Hope this information helps
Cheers,
Arnold