Is There a Direct and Safe Way to Buy IOTA Cryptocurrency in India?

IOTA, the decentralized project that operates on a unique technology called Tangle, stands out as a unique crypto project that doesn’t rely on traditional blockchain technology. Instead, it uses a system of nodes to confirm transactions which offers unmatched speed and low transaction fees. Designed to facilitate payments between IoT devices, IOTA aims to become the defacto platform for IoT transactions, demonstrating immense potential in the blockchain space.

Currently, one can acquire MIOTA through various means in India, however, the most direct, safe, and efficient route involves the use of a cryptocurrency exchange. In this article, we will explore the step-by-step process to buy IOTA in India and discuss the benefits of using a trusted exchange like CoinSwitch Kuber or BuyUcoin.

Understanding IOTA Tangle Technology

IOTA’s unique approach to decentralized transactions is based on a technology named Tangle. Unlike other cryptocurrencies, IOTA’s Tangle protocol doesn’t rely on mining, significantly lowering transaction fees and relieving congestion issues. The result is a highly scalable network capable of processing up to 1,000,000 transactions per second, making it an ideal solution for IoT applications.

Current Market Performance of IOTA

MIOTA, the native token of IOTA, is currently trading at 0.6738 per unit. However, its market peaked at 2.53 during the recent crypto rally. This historical performance indicates the potential for substantial returns, while also highlighting the volatility inherent in this asset class.

How to Buy an IOTA Coin in India

The most straightforward and safe way to buy MIOTA in India is through a reputable cryptocurrency exchange. One such platform is CoinSwitch Kuber, which allows users to buy a wide range of cryptocurrencies, including MIOTA, with just 100 INR. Here’s how you can buy MIOTA through CoinSwitch Kuber:

Download CoinSwitch Kuber App: Download the CoinSwitch Kuber app from the Google Play Store or the Apple App Store. Register Yourself and Complete KYC: Register an account using your PAN, Aadhar, and a selfie. This step is crucial for verifying your identity. Deposit Funds and Start Trading: Once your KYC is completed, you can deposit funds and start trading in the 100 INR range of cryptocurrencies listed on the platform. This process is quick and user-friendly.

While there are alternative options like peer-to-peer exchanges or direct buying from a friend, using a cryptocurrency exchange provides greater security and the ability to liquidate your holdings easily. Moreover, exchanges operate 24/7 without downtime, ensuring you have around-the-clock access to your investments.

Step-by-Step Guide to Buy IOTA via BuyUcoin

For those looking for a detailed, step-by-step process, we will now guide you through buying IOTA (MIOTA) via BuyUcoin.

Open a Digital Wallet: A digital wallet is essential for holding and interacting with your cryptocurrencies. BuyUcoin is currently the most popular provider of such wallets in India. Conduct thorough research to ensure you choose a reliable wallet. Register and Open an Account: Visit the BuyUcoin website at and register a new account. Select the type of account (individual or corporate) and agree to the terms and conditions before proceeding. Complete KYC: KYC and AML procedures are mandatory in India. Once you register, you will be redirected to a different URL to complete the KYC process. Be ready with your recent selfie, Aadhar card, and PAN card. Enable 2FA: Two-Factor Authentication (2FA) enhances your account security. Install an authenticator app on your smartphone and set it up. You will be prompted to enter a one-time password every time you log in. Add Bank Details: Enter your bank account details, including name, account number, and IFSC code. This step is required to complete your setup. You can then buy IOTA (MIOTA) using credit/debit card, UPI, Mobikwik wallet, and other supported payment methods.

IOTA’s primary goal is to become the defacto platform for using transactions on IoT devices. With its unique Tangle technology, seamless transactions, and low fees, IOTA offers a promising investment opportunity for tech-savvy investors keen on the future of IoT.

By following the steps outlined above, you can easily and safely buy IOTA in India. Whether through CoinSwitch Kuber or BuyUcoin, you can now take the first step towards investing in this innovative cryptocurrency.