One of the most talked about cryptocurrencies of 2017 – IOTA – is also one of the most difficult ones to buy.
So far, only two exchanges offer IOTA in a large volume, Bitfinex and Binance, and only the former traded IOTA for fiat currency.
From today, however, you can buy IOTA with EURO on Bitfinex!
The Asian cryptocurrency exchange introduced the IOTA/EUR pair following an increasing interest in the altcoin and steady growth in price.
Bitfinex announced the IOTA Euro support on their official Twitter channel.
We’re pleased to announce the addition of our second Euro pair – IOTA/EUR.
Furthermore, we’ve just released V1.2.0 of smidgen – our open source IOTA multisignature wallet. https://t.co/zqw0XQXmra
— Bitfinex (@bitfinex) December 27, 2017
IOTA/EUR Trading Pair
Bitfinex is one of the most popular cryptocurrency exchanges, and even though it doesn’t have the best customer service reputation, it still offers some of the best altcoin variety.
Interestingly, IOTA is the second cryptocurrency that can be traded with EUR on Bitfinex, right after Bitcoin.
In the past, if you had to trade IOTA on Bitfinex, the only options were buying it with Bitcoin, Ethereum or USD Tether.
This only shows that the growing interest and belief in IOTA as one of the future leading cryptocurrencies on the market.
The coin is often within the first ten cryptocurrencies according to CoinMarketCap, and it has only been available for trading since June 2017.
The price started at approximately $0.50 and jumped to over $5 at times, bringing the same lucrative profits to investors.
How To Buy IOTA with Euro on Bitfinex?
Here’s a brief guide on how to buy IOTA with Euro:
#1 After depositing Euros to your Bitfinex account, choose ‘Trading’ from the top menu bar and click on ‘IOTA.’
#2 Choose the currency trading pair you would like to go for and click on IOTA/EUR.
#3 The order form might look confusing, but all you have to do is choose the ‘Limit’ option and insert how much Euro you would like to invest. The form next to it will automatically calculate how many MIOTAs it will be equivalent to.
#4 Click ‘Exchange Buy’ to send the request – MIOTAs should be available on your account within minutes.
#5 Transfer your IOTA funds to a separate from an exchange wallet. Find more information on how to create an IOTA wallet in our separate article.
The last few weeks have been a massive turn for IOTA and exceptional growth in price. With the support of IOTA/EUR trading introduced, Bitinex has opened the doors for traders who want to invest in Euro.
This, potentially, can result in a further price increase and trading volume of the cryptocurrency.
IOTA/EUR trading is already live on Bitfinex. Open an account, verify your details and start trading.
For more details, read our Bitfinex review and detailed guide on how to buy IOTA.
