How to buy IoTeX (IOTX) in the UK

Learn how to buy IoTeX (IOTX) on 3+ crypto exchanges in our step-by-step guide.

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Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply.

IoTeX (IOTX) is the 161st largest cryptocurrency by market cap, valued at US$225,580,099.

IoTeX is a highly volatile asset capable of major price swings in a single day. Today IOTX is trading for $0.0238824 USD, which is lower than yesterday's trading price of $0.0252624658 USD. Over the past year, IoTeX's price has seen a decrease of -42%.

So before you buy IoTeX, make sure you understand these unique risks as well as its legal and tax status here in the UK.

If you're ready to get started, read on for step-by-step instructions on how you can buy IoTeX.

How to buy IoTeX in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy IoTeX is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit GBP using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy IoTeX
    You can now exchange your funds for IoTeX. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your IoTeX to your personal wallet.
Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Where to buy IoTeX in the UK

Find an exchange to buy, sell and trade IOTX by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.
1 - 3 of 3
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
OFFER
Coinbase Digital Currency Exchange
Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN

255
cryptocurrencies

Get £5 free with your first trade. T&Cs apply.
EXCLUSIVE
Kriptomat Cryptocurrency Exchange
Credit card, Neteller, SOFORT, Skrill, SEPA
EUR, USD, GBP, BGN, HRK, CZK, HUF, PLN, SEK, TRY

347
cryptocurrencies

Sign up with code FINDER15 and get EUR 15 in BTC the first time you spend over EUR 100. T&Cs apply.
OFFER
Gemini Cryptocurrency Exchange
Debit card, Apple Pay, Google Pay, SWIFT
GBP, EUR

106
cryptocurrencies

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How we keep this IoTeX guide up-to-date

  • IOTX price data is regularly updated through data feeds so you always have the latest information.
  • IoTeX performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy IoTeX?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in the UK to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy IoTeX?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading IoTeX.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing IOTX with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy IoTeX?

The easiest way to buy IOTX is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying IOTX, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of IoTeX has been performing recently.

Best IoTeX wallets to store your IOTX

You can keep your IOTX on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your IOTX below.

Ledger Nano X Wallet

Trezor Model T Wallet

Go to site
Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

Is IoTeX a good investment?

Cryptocurrencies are complicated and volatile assets, so buying any cryptocurrency coin or token is highly risky. It’s essential that you understand the risks involved and thoroughly research any cryptocurrency before buying. If you’re thinking of buying any IOTX tokens, some of the factors you may like to consider first include:
  • White paper. If you’d like to find out more about the tech behind the IoTeX ecosystem, you’ll find plenty of useful documents in the research section of the IoTeX website.
  • Competition. There are several other cryptocurrency projects focused on managing the Internet of Things. Make sure to research how IoTeX stacks up against its competitors and how this will affect its quest for widespread adoption before deciding whether you should buy any IOTX tokens.
  • Burn-Drop. As part of its tokenomics system, IoTeX uses something called Burn-Drop. This will see 1 billion tokens, or 10% of the total supply, burned or dropped as the platform onboards its first 1 million “Powered by IoTeX” devices. This will result in 900 million tokens being taken out of circulation (burned) and 100 million tokens distributed to voters. Find out more about how the system works in this Medium post.
  • Roadmap. IoTeX’s plan for 2021 is focused on the growth of its ecosystem. Find out more in its 2021 roadmap.

Today's IoTeX price versus ATH

Compare today's price of IoTeX ($0.0238824 USD) against its all-time-high price of $0.255593 USD on 13 November 2021. The closer the bar is to 100%, the closer IOTX is to reaching its ATH again.

IoTeX's price: $0.0238824
ATH date: November 13, 2021
9.34%

IoTeX ATH: $0.255593


How to trade, convert or sell IoTeX

You can convert or sell your IOTX with the same exchange you bought it through:
  1. Sign in to the exchange you have IOTX on.
  2. If you store your IoTeX in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of IOTX you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of IoTeX.
  6. Complete your transaction and move your IOTX to a wallet for storage.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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