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How to Buy IOTA: The Complete Guide For Crypto-dummies | by Vincent Levinger

This graph shows you the recent price history for a given period. In the top left, you can adjust the period that each candlestick represents, and also add technical indicators. Here’s a good tutorial on how to read candlestick charts for those who have no idea what’s going on.

This shows open orders on the left, and recent fills on the right. In the middle, you see the current price!

You can use this area to see your order history, open orders, and trade history. This is also where you can cancel Open Orders that haven’t filled yet.

This section is where the meat of your trading is done. We’ll be covering Market Orders in this tutorial (again, this is a guide to buy as fast + easy as possible). If you want more info on Limit orders and Stop Loss, check out Investopedia.

Start by making sure you have the right trading pair selected. For our tutorial, we want IOTA/ETH.

You can navigate there by clicking on the trading pair that’s to the left of Account, which expands the selection box. Select ETH, and then scroll or search for IOTA/ETH (you can see I’ve favorited this pair so it’s always at the top for me). Click that, and your view will update to show the graph.

Once updated, go to the order box (box 4), and select Market for order type.

The last thing to do is type how much IOTA you want! You can use the 25%, 50%, 75%, and 100% buttons to pre-fill amounts based on the market price and the amount of ETH in your account if you suck at math ;). Once the amount is set, click Buy! And that’s it, you just bought your first IOTA!

There’s still a lot you can do, and this guide only scratches the surface. I’d recommend downloading the IOTA wallet, and generating a seed for it. DO NOT USE A SEED GENERATOR PROGRAM, as many scam sites have popped up. If you’re code savvy, you can generate a cryptographically secure seed using your command line.

For more information on where to download the IOTA wallet and generate a seed in your command line, see my most recent article!

Although it should be obvious — I am not a fiduciary, nor am I a financial advisor. I am not responsible for any losses incurred.

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