How to Buy IOTA in the UK (2021)

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Where’s the best place to buy IOTA in the UK?

In 2021, Binance is the cheapest place where you can buy IOTA and dozens of other cryptocurrencies. However, you can’t buy it directly with GBP – you’ll have to exchange something like Tether (USDT) for it instead.

Alternatively, check out BC Bitcoin. With this cryptocurrency broker, you can buy IOTA and almost any other cryptocurrency with GBP using a UK bank transfer. You’ll normally pay 5% in fees, but you’ll pay just 3% in fees if you register using this link.

Want to know more?

Read on to learn more about these two places where you can buy IOTA in the UK.

Where else can you buy IOTA in the UK with GBP?

To find more places where you can buy IOTA, check out this page.

But in short, it’s not available in as many places as you might expect an established project like this to be.

Buy IOTA in the UK

1. Binance

Binance logo over their trading interface

Binance is one of the best cryptocurrency exchanges around and the cheapest place to buy IOTA in the UK.

You can’t DIRECTLY buy IOTA with GBP on Binance, but it is possible to exchange 1 of 5 cryptocurrencies for it. In these cases, I use Tether (USDT) to buy the cryptocurrency I’m after.

What IOTA trading pairs are available on Binance?

Binance currently has 5 IOTA trading pairs.

This includes:

  • IOTA/USDT
  • IOTA/BUSD
  • IOTA/BNB
  • IOTA/ETH
  • IOTA/BTC

At the time of writing, the IOTA/USDT trading pair had the highest trading volume on Binance – and all other cryptocurrency exchanges too!

With Binance, the exchange rate you’re offered is the true ‘going rate’ of IOTA (i.e., it’s not padded with fees). Instead, you’ll pay trading fees of up to 0.1% – but these can be lowered if you trade more on Binance and/or use Binance Coin (BNB) to pay your trading fees. Find out more here.

Buy IOTA on Binance

Do this on a desktop computer, as you can’t complete all the steps using their mobile app.

  • Create an account on Binance.
  • Complete identity verification. You need to do this to unlock GBP wallets.
  • Deposit GBP into Binance using a UK bank transfer. This is currently FREE.
  • Buy Tether (USDT) using your GBP wallet on Binance.
  • Buy IOTA using the Tether (USDT) that you’ve just bought.

The only problem with this?

Binance isn’t the most beginner-friendly way to buy cryptocurrency. It’s one of the best cryptocurrency exchanges around, but it’s made for cryptocurrency enthusiasts and professionals.

Binance WebsiteBinance Review

2. BC Bitcoin

BC Bitcoin logo header (version 2)

Established in 2017, BC Bitcoin is a highly-rated UK-based cryptocurrency broker where you can buy IOTA in the UK with GBP.

With our exclusive discount, you’ll only pay 3% in fees when you buy IOTA with GBP using a UK bank transfer. Without this, you’d normally pay 5% in fees unless you buy more than £5000 worth.

This is more expensive than using a cryptocurrency exchange like Binance, but it’s much more straightforward – just input how much you want, and they’ll handle the rest.

Buy IOTA on BC Bitcoin
  • Create an account. Use one of the links in this review and you’ll pay discounted fees.
  • Go to their website and select ‘Buy Coins’.
  • Find IOTA in the dropdown box and fill in how much you’d like to buy.
  • Add your IOTA wallet address.
  • Send GBP to the specified bank account.
  • Once that’s received, your order will be processed, and the IOTA will be sent to your wallet.

BC Bitcoin is great for beginners, as they’re well-known for their excellent customer support. If you have any questions, you can talk to them over live chat or give them a ring.

On top of IOTA, you can use BC Bitcoin to buy nearly any cryptocurrency you could want. The only exception to this is privacy coins like Monero (XMR) or Zcash (ZEC).

BC Bitcoin ReviewRegister Now

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