If you’re looking to buy IOTX on Coinbase, you’re in luck. As one of the world’s most popular cryptocurrency exchanges, Coinbase makes it easy to buy IOTX with just a few clicks.
In this guide, we’ll show you how to buy IOTX on Coinbase in just a few minutes.
Before we get started, though, there are a few things you should know about IOTX. IOTX is the native token of the IoTeX Network, a next-generation blockchain platform designed to power the Internet of Things (IoT).
IoTeX is working to create a decentralized ecosystem of IoT-enabled devices, and IOTX is central to this vision.
IoTeX is working on a number of cutting-edge technologies, including privacy-preserving smart contracts and a unique consensus algorithm that’s designed to be more efficient than Proof of Work (PoW). This makes IoTeX one of the most exciting projects in the blockchain space.
Now that you know a little bit about IOTX, let’s get started with our guide on how to buy IOTX on Coinbase.
Step 1: Create a Coinbase account
The first step is to create a Coinbase account. If you don’t already have one, head over to Coinbase and sign up for an account.
NOTE: Warning: Please be aware that IOTX is not currently available on Coinbase and it has not been confirmed that it will be in the future. While there may be other exchanges where IOTX is available, please do your own research and use caution when trading cryptocurrencies.
The process is simple and only takes a few minutes.
Step 2: Verify your identity
Once you’ve created your account, you’ll need to verify your identity. This is required by most cryptocurrency exchanges and helps to keep both Coinbase and its users safe.
To verify your identity on Coinbase, you’ll need to upload a government-issued ID. This can be a passport, driver’s license, or other ID.
Once your ID is uploaded, Coinbase will verify your identity and send you an email when it’s complete.
Step 3: Set up payment method
Now that your identity is verified, it’s time to set up a payment method. On Coinbase, you can buy IOTX with either a credit or debit card or with a bank transfer.
If you’re using a credit or debit card, there will be a 4% fee. If you’re using a bank transfer, there is no fee.
We recommend using a bank transfer if possible as it’s cheaper and faster than using a credit or debit card. To set up your payment method, click on the “Buy/Sell” tab at the top of the screen and then select “Bank Transfer” as your payment method.
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