How to buy IOST (IOST) online

IOST is an ultra fast blockchain network that claims it can process up to 100,000 transactions per second. Learn all about its token in this beginners’ guide
By: Prash Raval
Prash Raval
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or… read more.
Updated: Mar 29, 2022
Tip: our preferred broker is, eToro: visit & create account

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. 

Compare where to buy IOST, and open an account

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.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$0
Promotion
User Score
9.3
No Hidden Fees
Instant Trading
Secure & Transparent
Start Trading
Description:
World's longest-standing crypto exchange. Since 2011 Bitstamp has been providing a secure and reliable trading venue to over four million individuals and a range of institutional partners.
Payment Methods
Full regulations list:
3
Min. Deposit
$0
Promotion
User Score
8.7
Earn up to 3.5% back in crypto on every purchase
No hidden fees or minimum balance
Immediate Trade Execution
Start Trading
Description:
BlockFi was created to provide credit services to markets with limited access to simple financial products. BlockFi sets itself apart from other crypto service providers by pairing competitive rates with institutional-quality benefits. BlockFi is the only independent lender with institutional backing from investors that include Valar Ventures, Galaxy Digital, Fidelity, Akuna Capital, SoFi, and Coinbase Ventures.
Payment Methods
Full regulations list:

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 >
1
Min. Deposit
$1
Promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Google Pay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

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.

1
Min. Deposit
$10
Promotion
User Score
10
Accepts customers from the USA
Deposit $100 and get a $10 bonus!* Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

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.

Pros

  • IOST claims it can process up to 100,000 transactions per second, compared to Ethereums 20. 
  • Tokens are the only currency used on the network and can be earned through validating transactions. 
  • It’s already developed strong partnerships with big players in the crypto space. 
  • With a relatively cheap price, it makes a good entry level coin for beginners.

Cons

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.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Prash Raval
Financial Writer
When not researching stocks or trading, Prash can be found either on the golf course, walking his dog or teaching his son how to kick a… read more.