How to exchange IoTex

IoTeX is a decentralized open platform, an innovative project whose goal is to provide reliable and secure interaction between machines and people. The project team has chosen an extremely promising area for the introduction of blockchain technology. Along with its instant transactions and near zero fees, the project is becoming more popular among investors every year. In addition, many technologies are already functioning on the basis of IoTeX.

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What is IoTeX (IOTX)?

How to exchange IoTex

IoTeX is a decentralized ecosystem for the Internet of Trusted Things, aimed at privacy + SDK for developing DApps on the network. IoTeX was launched in May 2017, when the development of a technology focused on privacy began. The main goal of the developers is to create a highly scalable, confidential, and super fast platform for the Internet of Things. Transactions on the network are almost instantaneous and almost free of charge. There are 4 main ways to use the IoTeX technology:

  • Unmanned vehicle control;
  • Identity identification (the Ucam security camera is already functioning on the basis of the IoTeX blockchain);
  • Data exchange;
  • “Smart” home system.

An innovative algorithm for achieving consensus Roll-DPoS was developed for the EVM-compatible IoTeX blockchain. 

Why should I exchange IoTeX?

Answering the question why it is worth trading IOTX, we can name the following reasons:

  • For quite a long time, the price of IOTX was stable without sharp drops. However, with the onset of 2021, when attention to altcoins increased, IOTX interested investors and traders, thereby updating its all-time high. The coins are traded on the most leading exchanges.
  • The development team has chosen a very favorable area for the introduction of blockchain technology. IoTeX is a revolutionary project with a huge growth potential, so the success of the internal cryptocurrency IOTX is guaranteed. 
  • You will be able to passively earn on IOTX stacking on the largest crypto exchanges such as Binance and Kucoin.

As of July 16, 2021, the market cap of IoTeX is $167,472,149, with a price per one coin of $0.01. On April 30, 2021, the all time high was updated, which was $0.08. This fact has a positive value, since traders and investors were interested in IOTX cryptocurrency.

Where to exchange IoTex

The exchange IOTX is available on numerous crypto exchanges and brokers, including: 

  • Binance – there are three types of orders, so here you can not just buy and sell crypto, but also work on strategies that provide for pending orders.
  • Huobi – a secure exchange that is one of the three leaders. It offers not only spot trading, but also works with futures, as well as leverage and much more.
  • 7b – a reliable intermediary that is ideal for novice traders. It provides honest and transparent fees, easy payment methods, and customer support.
Where to trade cryptocurrency

How to trade IoTeX using the 7b crypto broker app?

To buy or sell IOTX in 7b crypto broker app, follow the simple instructions:

  1. Log in to your 7b account and check if there are funds on it.
  2. Select a trading pair, for example, BTC/IOTX.
  3. Enter the amount and place a market order.
  4. Get funds to your account.

How to exchange IoTex

The process of exchange does not differ significantly from the process of trading, and not considering the suitable platform, the process looks like this:

Step 1. Log in to your crypto exchange account

Step 2. Search IOTX/BTC exchange pair

Step 3. Enter the necessary amount of IOTX

Step 4. Confirm the exchange operation

Step 5. Receive IOTX


Is IoTeX a good investment?

The IoTeX project can be considered as a profitable long-term investment. Since the team has chosen one of the most promising areas for development. And investing in IOTX, one can expect serious profits with the development of the project itself. In addition, the crypto asset has recently updated its maximum price record, that is, it is in the field of view of investors. After the update, a sharp decline followed, and after a sharp decline, there is usually a sharp rise. 

How do I invest in IoTeX?

When investing in cryptocurrency, remember about the risks that are inherent in the crypto market. An experienced investor knows exactly how to make money even in the conditions of a bear market, so build up your knowledge and practice on demo accounts. On 7b, to purchase IOTX, you only need to have an account and funds on it, select IOTX for purchase, enter the amount you need, and confirm the transaction. Withdraw IOTX to a secure wallet and expect the exchange rate to grow.

How to trade IoTeX for beginners?

Trading is also a science, so learn and practice. You can create a log, record each action, and track which of them lead to losses. Treat this wisely and do not invest large sums, even if it seems to you that you are doomed to success. On 7b, it is easy and convenient for beginners to trade, just log in to your account, top up your balance, select a trading pair, and place a market order.

What is IoTeX Blockchain? 

IoTeX is a decentralized EVM-compatible blockchain that is designed to ensure the secure and trusted interaction of machines and people. It is the fastest, most scalable, and most secure platform of its kind. 

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