What is IOTA?
IOTA is a very interesting project and the name refers to ‘the internet of things’. They believe they have found a faster, cheaper, and more secure way to manage trust. They have called this new technology by the name of ‘Tangle’. This is another proof of work coin but they spread the proof of work accross the network. IOTA does not require transaction fees because the way they have it set up, you must contribute to participate, therefore each transaction earns its keep. This whole concept of no fees makes it leaps ahead of the competition for microtransactions.
How Can You Buy IOTA?
IOTA has not yet been widely accepted enough to be listed on any of the major exchanges like Coinbase. You can still purchase IOTA as an Altcoin though via the other avenues listed below. Use your major cryptocurrencies to get IOTA.
Cryptocurrency Trading
Since this is a trading education website I must assume that you are also interested in trading. Cryptocurrencies can be traded for cryptocurrencies or back into fiat currency via cryptocurrency exchanges. This is a style of trading with no leverage which makes it very easy to understand. You can trade with or without charts and therefore decide your own level of complexity. Most amateur traders diving into cryptocurrency are just looking to buy and hold certain cryptocurrencies because they believe in them. With or without charts, less or more involved, the options are both there.
