Coinbase and Binance

Step 1: Join Coinbase

Firstly you will need to create an account to Coinbase. You can use this link to join which will give you and myself $10 bonus each if your first deposit is above $100.

After you have registered (it’s very easy) you need to do your first deposit and buy either Bitcoin or Ethereum. Yes, Bitcoin or Ethereum. This is because there’s no exchange at this point which allows you to deposit money using your debit/credit card and buy IOTA. Thus you need to buy Ethereum/Bitcoin and then transfer these to another provider (I’ll talk about later on) and buy IOTA. Many people suggest that BTC has higher fees so buying Ethereum instead is preferable. I’ve tried both BTC and ETH and more or less I had to pay the same fees. The rest of the guide uses the Bitcoin case, but you can buy Ethereum if you prefer. It’s exactly the same steps (wherever I refer to Bitcoin, just pretend it says Ethereum).

Click the Buy/Sell menu item on Coinbase, select Bitcoin, then enter your card details, the amount you like to deposit and click the Buy Bitcoin Instantly button. Congratulations!

Step 2 : Binance — US and International

Then you will need to join Binance, an exchange market which allows you to buy IOTA using the Bitcoin you just bought in Coinbase. After you have created an account in Binance (it’s easy), you need to generate a link that will allow you to send the Bitcoins you bought from Coinbase, to Binance. Go to Funds on the top right corner, then click “Deposits Withdrawals” and finally click the “Deposit” button next to Bitcoin from the list and copy the key for you wallet as shown below (if you have bought Ethereum then go to the Ethereum entry instead):

Step 3: Send Bitcoin from Coinbase to Binance

Go back to Coinbase and click the Accounts menu item. Then click the Send button below the BTC Wallet (of course go to ETH Wallet if you have bought Ethereum) and then paste the weird alphanumeric string that Binance generated for you (not the one on the screenshot — that’s mine. Your own!). Click send. This is the tricky part. As you may have heard Bitcoin needs time to confirm transactions so it might take up to an hour (or more) to have your Bitcoins moved to Binance. You will receive an email from Binance. saying that your Bitcoins have arrived. You can go and check your Binance wallet (it shows 0 for me because I have no Bitcoins):

Step 4: Buy IOTA

When your Bitcoins have arrived to Binance you’re ready to buy your IOTA. Go to Exchange → Basic on the top menu, then select IOTA/BTC (IOTA/ETH if you have bought Ethereum) from the list on the right:

Select the amount of IOTA to buy (or click 100% to exchange all your BTC to IOTA) and click Buy IOTA. This is it. Welcome to IOTA!