Hello IOTA Forum

Best Coin to Buy on Binance with credit card for Alt coin purchase. ie Iota

https://forum.helloiota.com/Topic19268.aspx

By zyngalu - 28 May 2019

Hi
I want to use my credit card to buy Iota on Binance. I can not buy Iota directly buy must buy

XPR or BTC or XPR or ETH or LTC or BCHABC

These are the coins that Binance allow you to purchase with your credit card.

If all I want to do is buy Iota. What is the best of these coins to buy. For instance I would not use BTC due to their fees.

Thank You.
By Winston - 28 May 2019

zyngalu - 28 May 2019
Hi
I want to use my credit card to buy Iota on Binance. I can not buy Iota directly buy must buy

XPR or BTC or XPR or ETH or LTC or BCHABC

These are the coins that Binance allow you to purchase with your credit card.

If all I want to do is buy Iota. What is the best of these coins to buy. For instance I would not use BTC due to their fees.

Thank You.

@zyngalu
Thanks for the post, and welcome to the forum.

Are you using your credit card to buy one of these non-IOTA cryptocurrencies on Binance, and then trading one of those for IOTA? Or are you buying BTC on a different exchange, transferring it to Binance, and then converting it to IOTA?
 
By zyngalu - 28 May 2019

Winston - 28 May 2019
zyngalu - 28 May 2019
Hi
I want to use my credit card to buy Iota on Binance. I can not buy Iota directly buy must buy

XPR or BTC or XPR or ETH or LTC or BCHABC

These are the coins that Binance allow you to purchase with your credit card.

If all I want to do is buy Iota. What is the best of these coins to buy. For instance I would not use BTC due to their fees.

Thank You.

@zyngalu
Thanks for the post, and welcome to the forum.

Are you using your credit card to buy one of these non-IOTA cryptocurrencies on Binance, and then trading one of those for IOTA? Or are you buying BTC on a different exchange, transferring it to Binance, and then converting it to IOTA?
 
Binance now accepts credit card payments.. So Im going direct to Binance
By Winston - 29 May 2019

zyngalu - 28 May 2019
Winston - 28 May 2019
zyngalu - 28 May 2019
Hi
I want to use my credit card to buy Iota on Binance. I can not buy Iota directly buy must buy

XPR or BTC or XPR or ETH or LTC or BCHABC

These are the coins that Binance allow you to purchase with your credit card.

If all I want to do is buy Iota. What is the best of these coins to buy. For instance I would not use BTC due to their fees.

Thank You.

@zyngalu
Thanks for the post, and welcome to the forum.

Are you using your credit card to buy one of these non-IOTA cryptocurrencies on Binance, and then trading one of those for IOTA? Or are you buying BTC on a different exchange, transferring it to Binance, and then converting it to IOTA?
 
Binance now accepts credit card payments.. So Im going direct to Binance

@zyngalu
Then you can buy any crypto on Binance and convert it to IOTA. Intra-platform exchanges don't make a transaction on the crypto's ledger that you're dealing with, so the transaction fees and speed of transaction of the specific crypto you buy initially don't matter. Trading from ETH to IOTA on Binance is just a change in some numbers at Binance on the back end.

Simple answer to your question: Buy anything and convert it to IOTA. It's all the same.

 

By zyngalu - 29 May 2019

@Winston
Is like their own Local Version of the Lightning Network..
By Winston - 30 May 2019

zyngalu - 29 May 2019
@Winston
Is like their own Local Version of the Lightning Network..

@zyngalu
It's just their spreadsheets. While you keep your tokens on an exchange, they debit and credit through their own books. Nothing hits a blockchain until you withdraw tokens.