Where & How to Buy IOST (IOST) for Beginners in 2025

Use our step-by-step guide to learn how and where to buy IOST on 5+ highly rated crypto platforms.
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Updated on Oct 10, 2024
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IOST coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy IOST this way. Follow our quick step guide below.

How to buy IOST quickly in 3 steps

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To buy IOST you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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Sign up to one of the best crypto platforms to start trading. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 5 crypto platforms for users based in

KuCoin review
4.2
KuCoin
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

KuCoin review

Bitvavo review
3.2
Bitvavo
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

Bitvavo review

Huobi review
3.6
Huobi
Min. Deposit n/a
Fees
No. assets n/a
Demo account No

Huobi review

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy IOST token

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Locate the search box and type IOST. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own IOST tokens! Not a big deal, right?

Where to buy IOST easily

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The overall best platform to buy IOST for beginners is KuCoin .

Here are the top five places to buy IOST, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

  1. KuCoin: Best social trading altcoin exchange
  2. OKX: Best for futures and margin trading

Read more about how we rate, rank and review platforms.

Best exchanges to buy IOST (IOST), reviewed

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We found 5 crypto platforms for users based in

1. KuCoin. Best social trading altcoin exchange

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Pros & Cons

2. OKX. Best for futures and margin trading

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4
Ratings

$-

Min. deposit

Fees

No. assets

No

Demo account

Overview

We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools. 

From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.

The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.

Highlights

Pros & Cons

How to trade IOST

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You can trade IOST on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how IOST crypto trading works:

  1. Monitor the price: For simplicity, let’s say the price of IOST/USDT is $1. You read the price charts and decide that now is a good time to start purchasing IOST.
  2. Open a trade: You trade one USDT for one IOST ($1 USD for 1 IOST).
  3. Continue to monitor the price: The following month, one IOST token is now worth $2, a 100% increase.
  4. Close your trade: You trade your IOST token back to USDT for $2.

In this example, you buy and sell IOST, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for IOST (IOST)?

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The simplest way to buy IOST cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for IOST.

  • Buy IOST with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
  • Buy IOST with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.
  • Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store IOST (IOST)?

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Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of IOST then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best IOST wallets to use are MetaMask and the Ledger Nano S.

Is now a good time to buy IOST?

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The answer depends on the current price and your own investment goals. Put simply, buying IOST, selling IOST, and trading IOST are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

  • If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade IOST.
  • As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of IOST, then a good time to purchase IOST is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying IOST and selling it the next day probably isn’t why you’re here either.

How has IOST (IOST) performed this year?

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The current IOST price today is $0.004744227109, which is -96.52% versus its all time high of $0.14, which it reached on 24 January 2018. IOST is -43.45% this year, with a 52 week high of $0.01 and a 52 week low of $0.004048045639. 

Regardless, closely following IOST price news & analysis will help you decide when to pull the trigger.


Sources & references

Prash Raval

Prash Raval

Financial Writer

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Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while running an educational service helping novice traders learn the markets. He has a keen interest in micro and small cap stocks....