IOTA is a Cryptocurrency, the network powered by Custom (consensus mechanism based on original technology) algorithm. The original software was developed by David Sonstebo, Sergey Ivancheglo, Dominik Schiener, Dr. Serguei Popov and first released November 27th, 2015. Nowadays the cryptocurrency is managed by the IOTΛ Foundation, an organization based in the DE. IOTA is aiming to serve the IoT industry, among the other use cases. The official IOTA website is https://www.iota.org.
As of today, January 21st, 2020, out of totally available 2,779,530,283 MIOTA, 2,779,530,283 are in circulation. It's not possible to mine iotas. The total market capitalization of iota is $693,127,177, the rank among other cryptocurrencies (based on the capitalization) is #23. The current rate of 1 MIOTA is $0.25 USD. There are two currency codes for IOTA: MIOTA and IOTA, the first one is used more often.
IOTA builds a permissionless distributed ledger for a new economy: a technology to power the future of the Internet of Things (IoT) with comissionless microtransactions and data exchange integrity. IOTA network is built on a new data structure, called Tangle; it's based on the Direct Acyclic Graph and there is no need in miners and even blocks. The distributed ledger does not group transactions into blocks and doesn't store the data in sequential chains: Tangle, a stream of individual transactions entangled together is used instead of the blockchain technology.
All the transactions in IOTA require zero fees: in order to be able to send a transfer, a participant needs to validate two third party transactions. There is no financial reward for the process of transaction confirmation; the reward is a possibility to send your own funds commission-free. From the technical point of view, the validation is realized by allowing the wallet software to do some computational work: unlike PoW mining, the system requirements are very modest, the software was designed for tiny devices like sensors, etc. and even allows offline transactions. There is no hierarchy of roles and responsibilities, every user is a node of the network of equal peers.
IOTA uses its native token, IOTA token. "Iota" is the name of the smallest letter in the Greek alphabet, hence the IOTA is the smallest unit; names of the larger ones are created by adding prefixes like "mega-", etc to the "iota" word. One million iotas are called a MegaIota or Miota (Mi; MIOTA), currently, it's the base unit used for trading on cryptocurrency exchanges.
IOTA is currently supported by 4% of exchanges (6 of 163) currently having active orders at ExchangeRates.Pro: 4 Exchange Brokers, 2 Trading Platforms have offers, allowing you to buy and sell IOTA. Let's check and compare which of these exchanges will suit you the best, dear visitor!
Although all the exchanges supported by ExchangeRates.Pro are well-known, reliable, and trustworthy (all were thoroughly checked by our staff before listing), we've selected the best of the best for you. Exchanges that were top-rated by various sources, some are providing really outstanding service you'd love and remember. We (staff and the software) selected some of the most trusted platforms for our comparison and this top list, based on customers' feedback, time in the business, reputation, our own and independent reviews and other factors. Please note that we include only the "buy and sell" exchanges here, where you can swap miota with fiat (national) currencies. Here are the top two exchanges to buy and sell iotas in United States:
Besides the abovelisted great exchanges, serving United States among other countries, there are also very good international ones among the websites exchanging iotas (exchanges that accept US, but don't allow fiat payments there are also in this list). So, if you want to pay using a payment method from abroad (say, you are originally from another country and want to buy or sell iota using the bank account or local payment system from there) or if you are looking for an exchange for someone else, we have another top list prepared for you! Of course, we can't know what is that country you are looking for, but we have two options for you, both good. You are welcome to either find the best ones yourself from all offers available at our comparison @ ExchangeRates.Pro, or feel free to check this selection of top four highest-ranked IOTA exchanges from all around the world:
Are you looking for the best place to buy iotas? Of course, you are! Our price comparison of exchanges is here to help, although the easiest way is to check the best offers right away @ ExchangeRates.Pro, feel free to compare yourself. Let us show you what banks and payment systems you can use to buy and sell IOTA, based on your location and preferences.
At this moment, there are None offers to buy IOTA in United States. Our software is collecting the statistics about the popularity of specific local banks and payment systems. Usually, the top ones that are the most popular are also very convenient. Otherwise, why would these become so popular? You can choose any of these right away, please be our guest:
We've compared a lot of offers to find the top ones; right now we have 264 ways for you to purchase iota available worldwide. Enough to choose from, right? Please keep in mind that not all of these may be possible to pay from United States, the ones that will surely be good for this country are a little bit above. The top popular ways to purchase IOTA crypto:
Even the greatest MIOTA HODL GANG members sometimes have to sell some of their precious coins. It's alright, everyone does it sometimes and we are here to help! We know you want to find the buyer which will give you the highest price, there are such ones at our platform — check ExchangeRates.Pro now to find the highest rate to sell iotas to US Dollar and 151 more local currencies! There are various opportunities to swap your coins to hard cash, we list the most requested ones below.
There are currently 1 opportunities to cash out your iota coins in US. You'd likely need to out-exchange the crypto to pay for some local expenses, shopping, etc. It's reasonable to choose the safest and most comfortable option — a local bank you are using, your preferred payment system or cash in your city. Here is our top list of the ways other people in United States prefer to exchange iota to fiat:
Sometimes you may need to transfer the money to another country. If you are holding IOTA, it makes sense to exchange some of these coins to the currency of that country. We can't know where exactly you would like to send the funds, so we will show you the most requested banks and payment systems worldwide you can send the transfer to. There are totally 567 options to out-exchange the miota to fiat; the most frequently used banks, money transfer operators and global payment systems are:
Did you know that it's possible to exchange MIOTA to 4 other cryptocurrencies? It's possible to convert IOTA to/from 12% of crypto coins supported @ ExchangeRates.Pro. Some of these are really great ones (we don't list useless coins and tokens at our website), that's why we've prepared a list of exchange opportunities available. There are totally 16 swap possibilities with MIOTA and other coins and tokens. Coin to coin exchanges are safe, easy and beneficial when you are using our service, don't worry! Feel free to get all the best rates to swap MIOTA with other cryptos @ ExchangeRates.Pro right away or refer to the list of most highly demanded exchange directions first: