How and where to buy IoTeX Network IOTX by bank transfer in 2024

Cryptocurrency Guide » Buy cryptocurrencies » Buy IoTeX Network » Bank transfer

Precio IoTeX Network IoTeX Network

0.0389 $ ▼-1.86%

If your intention is to buy IoTeX Network with bank transfer, you're in luck. Payment by bank transfer is accepted on most cryptocurrency platforms. It also has a great advantage over other payment methods: It's cheaper. Deposit fees are usually very small, and many exchanges do not charge any commission at all.

The only downside of buying with bank transfer is the time, as deposits usually take a few days to reach your account on the exchanges. If you are looking for immediacy, it would be better to buy IoTeX Network with a card.

The most recommended alternative for acquiring IOTX through bank transfer is Binance due to its high security and low commissions. It also has multiple advantages:

  • No fees for BTC and ETH trading.
  • Earn Simple, one of the most powerful staking systems in the market (in our opinion, only surpassed by Nexo).
  • Small amounts of free cryptocurrencies for playing weekly at its WODL or through its Launchpad.

To invest in IoTeX Network, you only need to follow these steps:

How to buy IOTEX NETWORK IOTX via bank transfer on Binance

  1. Register on Binance

    2. All you need is an email and a password. You can do it through this link.

    Laws require regulated exchanges to request personal information - like a selfie or a photo of your ID. This process, known as KYC (Know Your Customer), aims to combat money laundering and terrorism financing. If you prefer not to provide this type of information, it is advisable to read the article about exchanges without KYC.

  2. Deposit FIAT money in your account via bank transfer.

    3. You can do this in the "Wallets" menu, from the "Deposit" button and then in the "Fiat" tab, where you can choose from more than 25 different FIAT currencies to make your deposit. If you choose to do it via transfer, normally you will have the funds in your account in 1 or 2 business days.

  3. Place an order to buy IOTX.

    4. To do this, go to the basic purchase from the "Markets" button. Search for the cryptocurrency ticker (IOTX in this case) and buy IoTeX Network in the "Buy IOTX" panel.

    Not all cryptocurrencies are paired with FIAT currencies. When you search for the ticker, you will see the currencies you can exchange it for. If your FIAT currency is not among them, you will need to make an intermediate step: Exchange the FIAT for one of the currencies on the list. Usually, these intermediate currencies tend to be BUSD or USDT. These are a type of cryptocurrency called stablecoins whose value is always 1:1 against the dollar. That is, you will not lose money in this intermediate transaction. You will only have to pay the fees, which in the case of Binance are very low, only 0.1%.

  4. Once your order is executed, you will have IoTeX Network in your Binance wallet. Enjoy all its benefits!

Binance is the largest cryptocurrency exchange in the world by daily volume and by far the second. Even with this volume, Binance has not had any significant security incidents, making it a safe place to buy, sell, and deposit your cryptocurrencies.

However, it is not the only one. There are many other exchanges in the market that are similar and just as secure as Binance. It's not a bad idea to register with another one to get to know other exchanges and see if there is one that better suits you. Some of our recommendations are:

  • Bitget, which offers a great advantage over its competitors as it is the only commission-free exchange in its spot market. It does have commissions, though very low, in its futures market, but this product is dedicated to professional traders. You can buy IOTX from the "Buy cryptos" tab, in the "Third-party Payments" button. Register through this link to buy IoTeX Network without commissions. If you're curious, you can read the article on commission-free exchanges
  • Coinbase: An exchange listed on Nasdaq, known for its usability. Perhaps the easiest way to buy IoTeX Network. Remember that Coinbase gives you $10 if you register through this link and make a first purchase over $100. Currently, Coinbase has no welcome offer.
  • Huobi is one of the largest exchanges in the market, with a wide range of cryptocurrencies. You can buy IoTeX Network on Huobi if you register here.
  • Gate.io is another of the major exchanges for its low commissions and large number of cryptocurrencies. In addition, if you register with this link, you will enjoy a 10% discount on commissions forever and 30$ for depositing a minimum of 0.05 BTC in any currency.
  • KuCoin will surely be one of the best platforms to buy IOTX due to its low commissions and its wide range of cryptocurrencies available. However, on its platform, you cannot buy cryptocurrencies either by transfer or with any other FIAT currency. If you still want to try KuCoin, it has a 5% discount on commissions forever if you register through this link.