Alex then opens an account on an exchange that does support IOTA, such as Binance or Gate.io. They copy their BTC or ETH deposit address from the new exchange and paste it into the "Send" field on Coinbase.
For a trader named Alex, the "story" of acquiring IOTA through Coinbase usually follows this multi-step journey: The "Bridge" Strategy coinbase buy iota
Alex signs up for Coinbase and buys a highly liquid asset like Bitcoin (BTC) or Ethereum (ETH) using a bank transfer or debit card. Alex then opens an account on an exchange
Once the funds arrive at the second exchange, Alex navigates to the IOTA/BTC or IOTA/ETH trading pair to finalize the purchase. Once the funds arrive at the second exchange,
Iota (IOTA) Price GBP Today, News, Charts, Market Cap - Coinbase
Since Alex cannot buy IOTA directly with USD on Coinbase, they use Coinbase as a "on-ramp" to buy a different cryptocurrency first.