Why use Swyftx to Buy IOTA?

Lowest Fees

Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy IOTA, than our closest competitors.

Instant Verification

Verify online instantly without uploading documents and deposit AUD to start IOTA trading in less than 2 minutes.

Secure Accounts

Breached password detection and Two Factor Authentication help protect your account from scammers.

What is IOTA?

IOTA is the first open-source distribution ledger that was designed to distribute and synchronise ledgers in a secure and transparent way. It’s goal was allow B2B transactions for the Internet-of-things to be bought and sold without fees.

IOTA eliminates the distrust and lack of ability to verify your money ledger when it’s been managed by a bank. While many cryptocurrencies use a blockchain distribution method, IOTA utilises a ‘tangle’, a stream of individual transactions that are all entangled together.

How do I buy IOTA?

To buy IOTA, log into the Swyftx crypto exchange, enter an amount of IOTA you want to buy, or the amount of Australian dollars you want to sell. If you’re happy with the price, tap the ‘Buy IOTA‘ button to complete your IOTA purchase. You can deposit AUD via BPAY, OSKO, PayID, POLi Pay, or Bank Transfer as your payment method to instantly purchase IOTA and other digital currencies, including ‘alt coins’. Once the transfer is processed, your account balance can be used to buy IOTA which will be available in your Swyftx hosted online IOTA wallet immediately. Many altcoin wallets are also available in case you want to buy crypto.

You can deposit or withdraw your IOTA or other digital currencies from your private online Swyftx wallet at any time. Sign up for your own IOTA exchange trading profile and start buying or selling IOTA by creating a free account now.

How do we determine the price of IOTA?

The price of IOTA listed for trading on the Swyftx crypto exchange is set by real world trade volumes averaged on global exchanges, so our IOTA price won’t fluctuate as heavily as you might see on our competitors sites. IOTA prices are influenced by the supply and demand from buyers and sellers through out the world.

The current price of IOTA is set at the price of the last trade that took place, meaning the latest price a buyer and seller agreed to exchange at. Swyftx doesn’t charge any artificial spread on IOTA nor does it “make the market” when you buy IOTA. This means you can trade as little or as much IOTA as you like and know that you’ll always get the best prices with the lowest fees on our IOTA Exchange.

IOTA in minutes!

Buy IOTA on Swyftx and we immediately make the IOTA available in your wallet. It’s super easy and super fast!

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