In this article, we will talk about what you need to do to buy IOTA safely and without having to pay for additional fees. Nowadays, the interest in this cryptocurrency is very high. Whether they are experienced or novice users, these people want to know how to buy it without paying additional fees.
Here we will try to explain how to do it. By reading the guide that we have prepared for you, you will also find out how to invest in IOTA thanks to brokers such as eToro, legal platform and fundamental security to know if you are going to buy cryptocurrencies.
Buying IOTA with Euro: how to do it
When we talk about how to buy IOTA with euros, our thoughts immediately turn to the concrete purchase of cryptocurrencies. Since one of its several booms in 2017, when Bitcoin’s value has skyrocketed, many people have become interested in the world of cryptocurrencies and they started to buy IOTA along with other digital currencies.
The problems of this choice began to be felt the following year, when Bitcoin lost its shares – and so did most of the other cryptocurrencies that more or less followed the trend – leaving all those who had bought it in the true sense of the word in ruin.
Cryptocurrencies, including IOTA and Bitcoin, are in fact extremely volatile. If you don’t want to have financial problems, it is therefore advisable to avoid any concrete purchase. So what is the best way to invest in IOTA? The answer in this case is CFDs (Contacts for Difference). These derivatives allow you to bet on the price changes in IOTA and other cryptocurrencies by gaining even in case of loss of value and without having to buy anything. The scheme to follow is very simple.
If you think that the value of IOTA can increase, you have to open a long or buy position. In the opposite case, however, you should open a short position (short sale) instead. The latter choice is highly speculative. In addition, the expression “short sale” indicates the possibility of trading even if the cryptocurrency has not been concretely purchased.
Why invest in IOTA?
After having seen in brief what you need to do to buy IOTA, let’s try to understand why it is worth investing in this cryptocurrency. IOTA is a very interesting digital currency, which was developed to support internet-related projects. When you name this paradigm, you are talking about what is considered the fourth industrial revolution. Smart objects connected to each other that are able to communicate with users thanks to Big Data have been a reality for a long time and will become more and more so.
It is no coincidence that the cryptocurrency project linked to this area, IOTA, has attracted the attention of tech giants like Microsoft. If the number of companies interested in this project increases, it is very easy that the value of IOTA will do the same. If not, users will have to deal with a decrease in price.
Not bad, because with CFDs it is possible to earn money even when the value of the cryptovalue decreases. To get the trend right, it is very important to keep an eye on news related to the world of IoT (acronym for Internet of Things) and everything related to the interest of large companies in this digital currency.
If you have trouble keeping track of all this information, you can simplify it by trying eToro. Follow us in the next few lines to find out why it is worth trying it to invest in Iota.
Where to buy Iota: information about eToro
When it comes to investing in Iota, eToro is an excellent reference point for several reasons. First of all, it is a legal broker, has no additional fees and is authorized to operate by CONSOB along with a CySEC license.
These aspects are undoubtedly important, but the reason for the worldwide fame of this broker is another and is related to Copy Trading. What is it about? It is a patented mechanism that allows to copy automatically and free of charge the strategic choices of successful investors, the so-called gurus.
The latter share information about their strategy through social bulletin boards like Facebook (it is of no coincidence that eToro is often called a “high return investment social network”). The message boards in question are free of charge, as is, we repeat, the ability to follow the best investors on eToro. What needs to be done to find them? Consult the internal search engine. The internal search engine allows you to select investors based on various criteria. The main one is undoubtedly the asset of interest, in this case the cryptocurrency and Iota to be precise.
The best investors on eToro can also be searched on the basis of their risk profile, their country of origin and the number of people following them (a very important indicator of the success of the individual guru). All this information is also accessible thanks to the demo account, a tool that allows you to practice without risking your capital (you operate with virtual money).
The demo account is free and unlimited, but should not be considered as an option to be used all the time. After a few hours, you should switch to the real money account. To open it, eToro requires a minimum deposit of 200 euros. This is an amount that can be managed freely by the user in the markets and certainly not a payment.Click here to sign up and start investing in IOTA by copying the best traders in the world.
Buy IOTA with Paypal: here’s how to do it
Since digital has become part of our lives, we use simple and immediate online payment methods. One of these is Paypal. Those who want to open an account on this platform can do so in just a few clicks and without having to call in documents related to their work or spending capacity. Being easy to manage through apps, it is also interesting when it comes to trading.
It is of no coincidence that there are many people interested in buying IOTA with Paypal. This is possible thanks to the IqOption broker (click here to start visiting the site). This platform, which is also legal and free of commissions, allows users to deposit their account deposits with real money via Paypal.
The fun doesn’t end there! Those who want to buy IOTA with Paypal on IqOption can do it by opening a real money account with a deposit of only 10 euros. No broker allows you to start with such a low amount.
This is a demonstration of the fact that nowadays, to trade at all, it is not necessary to put in high amounts. With IqOption, it is possible to invest in IOTA, but also in other digital currencies, starting with an affordable amount of money.
Obviously also in this case we are dealing with a legal broker. IqOption, moreover, is an internationally acclaimed portal, which has also won awards for the quality of its mobile app. As already said, through this platform you can trade not only on IOTA, but also on other cryptocurrencies, from Bitcoin, to Ethereum, up to Ripple.
Another undisputed advantage of the broker is the immediacy of its interface, easy to manage both by beginners and by those who already have experience in online trading. Remember also that, through this broker, you can also invest in stocks, Forex currencies, stock indices and commodities.Click here to start buying IOTA with only 10 euros
IOTA Forecasts: What will become of this cryptocurrency?
When you decide to start investing in IOTA, it is very important to take a look at forecasts. But making long-term forecasts is very difficult. What is certain is that, in any case, IOTA is a cryptocurrency with extremely innovative features. Unlike Bitcoin, it is characterized by much shorter transaction times.
Right now, the future of IOTA seems to be destined for positive results. The reason, as already mentioned, is the success of the Internet of Things, a way of understanding technology that is changing the daily lives of many people around the world.
If IOTA’s role becomes more important as far as the Internet of Things is concerned, it is very likely that the value of cryptocurrency will grow. Of course, the opposite can also occur. Cryptocurrencies are an extremely volatile asset. We can’t know what will happen to them in a few years of IOTA.
Thanks to CFDs, however, it is possible to take advantage of its short-term price movements, opening the right position between long and short on the basis of future trends. With a broker like eToro (click here to sign up) you can bypass this step and directly refer to the choices of successful investors.
With IqOption, instead, you can invest on IOTA by personally opening a long or short position, depending on which trend you think the cryptovalue can take. This free broker, which allows you to open an account with real money starting from a deposit of only 10 euros (click here to register), offers interesting training tools.
These include the free video gallery, with resources that allow you to learn the basics of online trading. We reiterate once again that this is a legal broker, just like eToro.
Starting from such platforms is essential if you intend to invest in IOTA safely. Brokers like the ones we have just listed, in fact, are internationally controlled. In order to offer their services online, they must meet extremely strict rules.
First of all, they cannot deceive users by promising high earnings thanks to cryptocurrencies. The fraudulent systems unfortunately very widespread on the web – one of the many examples that can be called into question is Crypto Trader System, but you could go on a lot more – promise millions in a short time, attracting inexperienced users who, despite themselves, find themselves robbed of their money. These figures are impossible to recover.
Behind these systems, in fact, there are unscrupulous hackers who, once pocketed the money, make them disappear in tropical countries where the judiciary has no power. Avoiding such situations is possible: just never forget that investing in cryptocurrency is not synonymous with immediate wealth. You have to take the right time and yes, even make mistakes. The demo account does not exist at random.
Even a simple broker like eToro needs diversification – if you are going to use it to buy IOTA, you should follow at least 6 or 7 gurus – and constant monitoring of investor performance followed.
Choosing to start buying IOTA can be a great idea. This cryptocurrency is in fact very interesting from the point of view of the technological implications. As already mentioned, making long-term predictions about its performance is very difficult. What you can do, thanks to CFDs, is to take advantage of short-term variations and open the long or short position depending on the situation.
Thanks to eToro (click here to sign up), you can even copy the choices made by successful investors. In this case, as in IqOption (click here to start buying IOTA with only 10 euros), you should not improvise and take advantage of all the tools that the broker provides, starting with the demo account.
When you feel ready you can open one with real money, always remembering the importance of the Money Management strategy, a tactic based on the division of capital into several parts. Each of them should be assigned to a single operation, always trying to bet no more than 5% of the capital.
What do you think of these tips? We hope we have helped you to better understand what to do to buy IOTA. If you feel like it, now that you’ve reached the end, you can share the article with your Facebook contacts. In this way, you will allow other users in your situation to find out what you need to do to invest in IOTA effectively and legally.