IOTA Reviews

What is IOTA?

A unit of value in the IOTA network, IOTA token is named by deriving from the acronym IoT which stands for Internet of Things and designed as an open-source centralized distributed ledger. There is a fixed supply of IOTA crypto in circulation and IOTA wallets which store IOTA cryptocurrency are secured and kept protected with an 81-character seed which can be understood to be like a password. IOTA value can be monitored on a real time basis against other cryptos or altcoins on many of the exchanges. Please keep in mind that you will be able to find IOTA price in comparison to BTC price or other cryptos rather than fiat money as it cannot be purchased with fiat money. How does IOTA work? IOTA can be bought using other cryptos and stored in your IOTA wallet on the blockchain.

How to Buy IOTA?

It is not possible to buy IOTA using fiat money. Therefor you should first have funds in other cryptos. IOTA value is also displayed in rating to the crypto you want to use for your transaction. Where to buy IOTA? On many of the major exchanges like Binance, Bitfinex and others, it is possible to monitor IOTA price as well as BTC price and buy IOTA. As IOTA cannot be bought with fiat money, it is not possible to buy IOTA with credit card/paypal/debit card. As another way of buying IOTA in addition to trading with other cryptocurrencies, users are allowed to use stablecoins to buy IOTA on the major exchanges by wiring money to the stablecoin providers from their account. How much is IOTA? This information is also available on exchanges. Please check to see the up-to-date values.

How to Sell IOTA?

Just like explained under the title on how to buy IOTA, it should be noted here that it is not possible to sell IOTA and get USD or any other fiat money directly. It requires trading the IOTA tokens with any other cryptocurrency available for trading with fiat money. Once you trade your IOTA tokens with BTC, for example, you can sell BTC and then get the fiat money. How much is IOTA? IOTA price will depend on the time of transaction so it should be checked before you make any transaction. IOTA value is evaluated in comparison to BTC value in the market in most cases or to the value of other cryptos. Where to sell IOTA? IOTA can be sold on the major exchanges. 

IOTA Fees

The transaction fees including but not limited to IOTA transaction fee, IOTA withdrawal fee or BTC fees as well as IOTA trading fee in the course of trading for selling IOTA and receiving fiat money depend on the exchange you are making your transactions on. As for IOTA network, it should be noted that there is no IOTA fees involved. With the technology infrastructure used on the IOTA platform which is named IOTA Tangle, the network assures faster transactions even at the time of increased activity without any IOTA fees or limits on the number of transactions that can be confirmed per second.

IOTA Mining

How to mine IOTAs? First of all, it should be noted that all IOTA was sold at the time of launching so it is technically not possible to mine IOTA. On the other hand, there are other ways that lead users to indirectly mine IOTA. Therefore it could be possible to find tools working in the capacity of an IOTA mining calculator. Most investors are attracted to mine IOTA due to the fact that it doesn’t use a blockchain network or require miners to confirm or validate transactions. Another factor that makes IOTA attractive for the investors is that it does not involve transaction fees. The handicap at this point is that it will require some time and effort to get to know how to mine IOTA in an indirect way without using all the capacity your PC has and making use of it as a IOTA mining machine. When it comes to the following question: is IOTA mining profitable? the answer would be that it depends on your mining solution.

IOTA Exchanges

IOTA can be traded on the main cryptocurrency exchanges that are already popular among cryptocurrency users. Please remember to check a couple of them to get the best cryptocurrency exchanges or you may use IOTA network directly. You can get a list of IOTA exchanges with other coins on the exchanges as well as BTC exchanges and IOTA trading exchanges. On these platforms you can check IOTA exchange rate and buy and sell IOTA in most cases without paying IOTA transaction fee.

How to Store IOTA?

Once you decide on the best IOTA wallets you prefer, you can create your account and get your IOTA wallet address. How to get a IOTA wallet? It is a simple procedure on most of blockchain platforms. What is a IOTA wallet? The wallet is used as a storage for your IOTA tokens and can be either in the form of a cold storage or a hot wallet.

IOTA Price

You can find a good variety of options for displaying IOTA price chart which shows IOTA value over a period of time depending on your preference. On the IOTA chart, it is possible to find the answer to the question: how much is IOTA worth? 

Is IOTA Reliable?

With a solid platform it was developed on, IOTA is reliable and gives assurance to the users in many ways. Please consider the risk of value changes that could occur in cryptos.

IOTA Reviews and Complaints

IOTA customer reviews are available on kazan.io as a fine resource for the investors who wish to trade, buy or sell IOTA or check out to see the experiences of the users with the exchanges offering transactions between IOTA and other currencies while buying or selling IOTA. Here you can find IOTA reviews or IOTA complaints from the users  as well as BTC reviews.