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How to buy IOTA (MIOTA) in South Africa

Learn how to buy IOTA (MIOTA) in our step-by-step guide.

IOTA
MIOTA- USD
$0.32
- $0.01 ( - 1.82%)

Where to buy IOTA in South Africa

Unfortunately, at this time no major exchanges in South Africa offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.

Consider buying a different cryptocurrency after comparing popular exchanges.

Best IOTA wallets to store your MIOTA

You can keep your MIOTA 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 learn more about wallets and compare them with our comprehensive guide.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is IOTA a good investment?

Before buying IOTA, make sure to familiarise yourself with some of the things that may affect the coins success, as well as the risks involved:
  • Tangle vs blockchain. IOTA uses a unique type of decentralised network known as the Tangle, instead of a blockchain, which are typically used by cryptocurrencies. The Tangle is still under development, and it remains to be seen whether it can deliver on its technological promises. While it is being developed, IOTA operates as a centralised network with a specialise node called the Coordinator used to protect the network from spam attacks.
  • Nectar. IOTA is currently testing Nectar, which is its major v2 upgrade that will remove the Coordinator and make IOTA decentralised.
  • Partnerships. IOTA has partnered with several high-profile organisations to help test its technology as part of the Internet of Things, or machine economy. Some of these companies include BMW, Audi, Dell, The Linux Foundation and numerous research bodies.
  • Currency units. When purchasing IOTA you may see it written as MIOTA, which is simply a reference to the amount of units. IOTA is highly divisible, and one MIOTA is equal to one million IOTA.
  • Use-case. Some of the proposed use-cases for IOTA network which are currently being tested include – communication between smart cars and machines, sharing unused computing power, digital ID and governance, tokenisation.
  • Risks. IOTA is first and foremost a network. The purpose of the IOTA coin is to facilitate transactions on the network, but not necessarily to hold or appreciate in value.

Additional information about IOTA can be found using our MIOTA analysis tools.

Today's IOTA price versus ATH

Compare today's price of IOTA ($0.320061 USD) against its all-time-high price of $2020-03-13T02:22:41.168Z USD on 01 January 1970. The closer the bar is to 100%, the closer MIOTA is to reaching its ATH again.

IOTA's price: $0.320061
ATH date: March 13, 2020
6.10%

IOTA ATH: $5.25


How to trade, convert or sell IOTA

You can convert or sell your MIOTA with the same exchange you bought it through:
  1. Sign in to the exchange you have MIOTA on.
  2. If you store your IOTA 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 MIOTA you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of IOTA.
  6. Complete your transaction and move your MIOTA to a wallet for storage.

Disclaimer: Cryptocurrencies, including IOTA, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of MIOTA is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the IOTA or any other cryptocurrency discussed.

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