Are you interested in purchasing IOTA from within the UK, Australia or any other country? Would you like to know how you can do so using PayPal, Skrill, credit or debit card or via bank transfer? Would you like to pay with Pounds, Euros, Dollars or another currency? In this article, we will be explaining everything that you will need to know in order to trade with this cryptocurrency. If you would like to jump right in, click here to start buying and seling IOTA CFDs with the online broker Plus500. If you would like to learn more about IOTA before you begin trading, feel free to read the remainder of this article (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Digital currencies are hyper-volatile).
IOTA is one of the cryptocurrencies which has shown the fastest and highest growth. As a matter of fact, at the beginning of 2018, it is was already one of the cryptocurrencies with the highest market valuation even though it still lags far behind Bitcoin. It is precisely this characteristic which makes it such an interesting cryptocurrency for many people who think that it could conceivably become the new Bitcoin. A word of caution, however: nobody knows for sure what will happen in the future and there is always some risk involved when trading any asset.
What factors influence IOTA’s price?
For better or worse, nobody knows for sure how IOTA’s price will vary in the future. What is certain is that most experts consider an asset’s price to be linked to its supply and demand. In the case of IOTA, its value will, therefore, depend on the quantity being bought and sold at any given time. Accordingly, one way of predicting IOTA’s future value would be to analyze these two market forces.
To reiterate, generally speaking, an asset’s supply is the quantity being sold at any given moment. It is relatively easy to determine IOTA’s supply since this cryptocurrency has a finite number of coins. The total maximum number of IOTA coins which can exist is 2 779 530 283. As you can see this is a very large number, but a more important question for determining IOTA’s value is how useful this cryptocurrency is perceived to be and, as a result, how many people will want to buy it.
Therefore, the real question is whether IOTA will become a fully fledged cryptocurrency accepted and used by many people. If it does, it seems reasonable to assume that many people will want to buy it. For this reason, we should take a closer look at IOTA’s characteristics to see if it has what it takes to become a useful cryptocurrency.
IOTA is very different from other cryptocurrencies. Why? Because instead of using what we could call conventional blockchain technology, IOTA uses direct aciclic graph (DAG), which can be seen as a sort of blockchain version 2.0.
To be more precise, we could describe IOTA as an open-source accounting technology which, in theory, should facilitate many of the payments and transactions which take place on the internet of things. If you don’t know what that refers to, it is the internet which connects physical devices. That is to say, for example, that your fridge is connected to your mobile phone which in turn is connected to your television… and IOTA aims to be the means of payment across this internet.
IOTA collaborates with various companies and organizations which is another reason for people’s interest in this cryptocurrency. Just to name a few, Deutsche Telekom, Microsoft, and Samsung, among others, have all entered into a collaboration with IOTA. This is why many people are taking this cryptocurrency very seriously.
People who consider that IOTA will become a successful cryptocurrency are likely to invest in it – which will drive its price higher. However, not everyone is interested in buying IOTA. There are also people who feel that IOTA, while useful, has become overvalued and is currently in a bubble. These people, in turn, will drive this cryptocurrency’s price down by short-selling it or simply by not buying it.
As you can see there are varying opinions regarding this cryptocurrency and nobody really has a clear idea of what will happen in the future. As a result, IOTA’s price is very volatile which means that the risk associated with trading it is high.
Brokers that accept PayPal and other payment methods
If you would like to invest in IOTA, you will require a broker. At the moment, very few brokers list IOTA among their tradable assets. For this reason, we will be describing how to buy and sell IOTA via CFDs with the online broker Plus500. This broker also allows CFD trading with other cryptocurrencies such as Ripple, Litecoin, Ethereum and Bitcoin Cash, among others.
Moreover, this online broker accepts PayPal as a payment method for depositing funds into its users’ trading accounts, but it also accepts credit and debit cards, bank transfers and Skrill. In other words, it accepts all of the most commonly used payment methods. Furthermore, it allows its users to deposit funds in Euros, Pounds Dollars and many other currencies.
Another important factor to keep in mind when choosing a broker is how well it is regulated. There is no point in opening an account with an unregulated broker since it will most likely turn out to be a scam. Plus500 satisfies all of our security requirements due to the fact that it is regulated by the FCA in the United Kingdom and that it is overseen by the AFSL in Australia.
This level of regulation leads us to believe that Plus500 is a serious and trustworthy company. What’s more, its spreads are among the best and lowest to be found anywhere.
How to buy IOTA from within the UK, Australia, and many other countries
In this article we have discusses some of IOTA’s characteristics and it has come time to bring this article to a close. In conclusion, IOTA is a considered to be a cryptocurrency with a lot of potential by many people. As a result, you should remember that investing in this cryptocurrency implies a great deal of risk and volatility. Trading with IOTA could allow you to turn a large profit, but you could also lose money in the process. If you would like to try your hand at investing in this cryptocurrency, click here to start buying and selling IOTA via CFDs with the online broker Plus500 (CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you can afford to take the high risk of losing your money. Digital currencies are hyper-volatile).