(This method works for United States Traders along with the rest of the world looking to buy iota )
First be prepared to sign up for a few things because you will need to purchase Bitcoin. The easiest way to buy bitcoin is to use coinbase. You will need to sign up and do some verification and then you will be able to buy bitcoin.
If you deposit more than $100 and you will get $10 worth of Bitcoin for free. Just use this link –>> Coinbase
For larger bitcoin purchases you will need to use a Bitcoin Trading Platform. You can sign up to the one I use here –> Sign up here
Next head over to registration page for Binance. Enter your details. When you click register you will then need to verify your email. (THIS IS THE ONLY PLACE TO BUY IF YOU ARE IN THE UNITED STATES.)
2. Once you have verified your email address and once you log back, Hover your mouse over the Funds link in the navigation bar across the top of the page. It should then reveal a drop down menu. Click Deposits Withdrawals.
3.You will see a lot of cryptocurrencies on this page. Find bitcoin BTC and click the Deposit link at the end. This will then slide down and reveal your receiving address
4. Now we need to send some Bitcoins to Binance so we can trade them. So since we already sign up to Coinbase and Quadriga we can now send Bitcoins.
5. In our example we will be using the Coinbase account that we have just created and bought our bitcoins with we will need to send them to the address that you generated on Binance. You do this by going to Accounts and then clicking the Send button under the wallet of the currency you purchased.
After you click Send, a dialogue window will pop up and this will ask you to enter an address to send bitcoin to. This is where you will paste the address that we got from Binance when you clicked deposit. This dialogue is also where you will be able to enter the amount of bitcoin you want to send to buy IOTA with.
Note: Sending to Binance may take a few hours. So not panic if it is not instant. It could take 12 hours. Especially with all traders buying IOTA on Binance.
6. Once your bitcoin has been received by Binance hover over the Exchange link at the top left of the page next to the Binance logo. This will show you a drop down menu. Click Basic
7.Find and click your trading pair in the right hand column. Because we are wanting to buy IOTA with bitcoin we are looking for IOTA/BTC. Obviously if you sent Etherum over instead you would be looking for IOTA/ETH.
8.You will now be able to see the buying form. Fill this out with the amount of IOTA you want to buy and then click the Buy IOTA button.
All Done. That might take some time to go through. Even though IOTA is fast it is the exchange that you are dealing with.
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