How & where to buy IOST (IOST) online

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he… read more.

Updated: May 11, 2023

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This guide explains everything you need to know before investing in IOST. Learn about the project, what its future may have in store, and compare the best platforms where you can buy its native token. 

What are the best exchanges to buy IOST on?

If you already have the information you need and are ready to buy IOST, you can register with any of the platforms below. Selected by our crypto experts, the below brokers are perfect for both beginners and experienced crypto investors. Click any of the links in the table to register in just a few minutes, or continue reading to learn more about IOST.

Most Popular

1

Min. Deposit

$ 50

Best offer

User Score

9.4

Log in using the app and claim the Mystery Box to receive up to $10,000 in reward

One of the top digital asset exchanges by trading volume

Serving millions of users in over 100 countries

Start Trading more info

Payment Methods:

Alfa Bank, Bank Transfer, Belarusbank, MTBank, Mercada Pago, PicPay

Full Regulations:

Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.

2

Min. Deposit

$ 0

Best offer

User Score

9.1

All swaps are custody-free, with no registration needed

Convert 500+ crypto assets instantly

Best exchange rates among the whole cryptocurrency market

Start Trading more info

Payment Methods:

Full Regulations:

3

Min. Deposit

$ 5

Best offer

User Score

9.0

Combines a user-friendly platform and low fees

Largest digital asset exchange in the Netherlands  

Trade over 50 digital assets and pay a maximum trading fee of 0.25%

Start Trading more info

Payment Methods:

Credit Card, Debit Card

Full Regulations:

How to buy IOST online – a step-by-step guide

Step 1. Find an exchange

If you want to buy IOST you’ll find it easiest to use an exchange. An exchange is like a giant marketplace where you can buy and sell coins from other users. Exchanges have the most up to date price information and often offer lots of technical features to help with your investing. You can use any exchange you want, although the two below are some of the best rated ones around to get IOST. 

• Binance: Binance is one of the most popular exchanges in the world and offers hundreds of coins on its platform. It’s simple to navigate interface and advanced features make it a great choice for new and experienced users alike. Sign up with Binance>
• KuCoin: KuCoins advanced analytical tools and easy to use platform has seen its popularity grow in recent times. It offers a wide range of coins, has competitive transaction fees, and an ever increasing number of tokens to buy and sell. Sign up with KuCoin>

Step 2. Sign up and fund your account

After selecting an exchange you’ll need to register your account. This is a quick and simple process which involves entering your contact details and verifying your identity. Although it can take a few days for the verification process to complete, so bear that in mind if you’re in a hurry to buy. Next you’ll be ready to deposit funds and the best exchanges let you deposit using fiat like GBP or USD.

Step 3. Purchase

Once your account is set up and funded you’ll be able to buy IOST. Simply search for the coins ticker symbol (IOST) and you’ll be taken to its trading page. Here you can see its current price and if you’re happy with it, you can lock in your trade. Its usually executed instantly depending on the type of order you’ve chosen. 

Step 4. (Optional) Get a suitable wallet

If you plan on holding your IOST coins for a long time, or are going to buy a lot of them, you may want to consider using a wallet. Although it’s not necessary, wallets provide an extra layer of security and using one can be a good idea. Here are two of our recommendations for storing your IOST tokens. 

• Trezor: Trezor is a hardware wallet that lets you store your coins on a physical device offline. It’s one of the easiest wallets to use and connects to your computer via a USB. Sign up with Trezor > 

• Coinbase Wallet: If you don’t want to carry an extra device around with you all the time you may want to consider a mobile wallet like Coinbase. Simply download the app and transfer your tokens to your mobile device. Sign up with Coinbase wallet >

How to trade IOST – a step-by-step guide

Step 1. Find a broker

If you plan on trading IOST then you’ll find it easiest to use an online broker. Brokers let you buy and sell cryptocurrencies on regulated platforms and take advantage of small price movements. Right now it’s not possible to trade IOST on any brokers, but it’s worth checking with eToro or Plus500 as they may add the coin in the future. 

Step 2. Create an account and deposit money

When you have decided which broker you want to use you’ll need to register an account. Signing up to a broker is pretty much the same as signing up with an exchange. SImply fill in your contact information and verify your account with some identification and you’re set to go. You can deposit funds using fiat currency like GBP or USD via bank transfer or card. 

Step 3. Learn how to perform technical analysis

Using technical analysis is a widely used method for analysing price charts. Learning how to perform technical analysis can take a long time, so if you want to speed up the priceless you can check out our free courses on short term trading. Some of its key aspects include identifying support and resistance levels and using indicators. 

Step 4. Decide whether to go long or short

When trading IOST, or any cryptocurrency you can either go long (buy) or short (sell). You can use your technical analysis skills to help make your decision. An easy strategy to incorporate into your trading is to go long when IOST’s price is at a support level and vice versa when it’s at a resistance level. 

Step 5. Make the trade

Finally you’ll be ready to make your trade. This involves opening an order ticket for IOST. Next check the price and enter how many coins you want to buy or sell. Finally, click the deal button which will make your trade live. You could also consider using a stop loss to protect your position if it goes against you.

Should I invest in IOST?

If you’re willing to take a chance on its platform becoming a widely used decentralised blockchain network then investing in it now could be a good decision. IOSTs blockchain technology was released in 2018 and it’s already attracted investment from a number of big players in the space including, Nirvana capital, Matrix partners, and Node Capital.

The native token of the network, IOST, can be used for more than just speculating on its value. As the currency of the platform, IOST serves as the primary means for the exchange of goods and services. Users who maintain the network, known as ‘validators’, receive payment in IOST, while developers who build on the network pay fees in IOST. 

IOSTs growth and investment potential largely depends on its ability to grow its network which it has already started doing through partnerships. It recently partnered with Zodium, a Play2Earn project which will use IOSTs platform to increase NFT and blockchain game growth. 

Still undecided?

If you still haven’t made up your mind about IOST yet, check out the pros and cons of the platform below.

Below are a few final considerations for you to take into account before deciding whether to invest in IOST. 

1. Is now a good time to buy IOST?

Yes it could be, although it will largely depend on your investment goals and timeframe. If you believe in the long term outlook for the project and its ‘proof of believability algorithm then buying now in the early stages could be a good idea. Although it’s difficult to pick a bottom in price so you could consider using dollar cost averaging. 

If on the other hand you have a short term view, then you may want to consider trading to capitalise on small price movements. You could analyse IOST’s price chart to help determine when its a good time to buy and sell. One way to do this is by analysing its volatility. If its price is not moving much, it will be difficult to trade.

2. What problem does IOST solve, and what are its investment prospects?

IOST is an ultra fast decentralised blockchain network based on a next-generation algorithm called ‘proof of believability (PoB)’. The PoB algorithm ensures transactions on the network are not only fast, but secure and efficient. IOST has been developed with large scale enterprises in mind, who may not be able to adopt current blockchain technology.  

The Internet of Services Token (IOST) operates in a highly competitive area with many similar projects and networks. The biggest difference between it and its competitors is its claims of being able to process 100,000 transactions per second. That’s significantly higher than the most popular smart contract platform for developers, Ethereum, which can process just 20. 

Scalability and security are at the forefront of IOSTs development. Its proof of believability (PoB) algorithm is at the centre of the network and was built to cater to large businesses as they transition to the blockchain. In terms of IOSTs investment prospects a lot depends on its ability to gain new partners. It claims its able to handle heavy use from tech companies like Meta and Google.

3. Do you want to hold IOST for the long term?

If you want to buy and hold IOST tokens for the long term you could consider purchasing some and storing them in a wallet. IOST also can be traded to profit from short term price movements. Below we’ve included some of the most important considerations for each type of strategy. 

Considerations for a long term investment strategy

The key thing you’ll need to consider for a long term strategy is which exchange to use. You can check out our comparison list further up this page for our expert recommendations. Using a suitable wallet is also a good idea to store your tokens securely. 

Considerations for a short term trading strategy

A broker that charges low fees is recommended for short term traders. If you plan on making lots of IOST trades throughout the day, then fees can quickly add up. You may also want to learn some trading strategies to help get you started.