Understanding IOTA
What is IOTA?
IOTA is a unique cryptocurrency built for the Internet of Things (IoT), enabling feeless, efficient, and scalable machine-to-machine transactions. Instead of using a traditional blockchain, it operates on the Tangle, a decentralised ledger that gets faster as more transactions occur. This makes IOTA perfect for smart cities, connected devices, and automation, ensuring seamless data transfers without bottlenecks.
In Australia
How to buy IOTA in Australia
- 1
Create your Wayex account
Sign up in minutes on iOS, Android or the web.
- 2
Verify your identity
Australian residents aged 18 and over verify once, in-app.
- 3
Deposit AUD with PayID or NPP
Fund your account instantly, with no deposit fee.
- 4
Buy IOTA (IOTA)
Buy IOTA at live AUD market prices, then hold it or spend it with the Wayex Card.
IOTA FAQs
- Can I buy IOTA in Australia?
- Yes. You can buy IOTA (IOTA) in Australian dollars with the Wayex app. Wayex is an Australian, AUSTRAC-registered platform that has operated since 2018.
- How do I pay for IOTA?
- Fund your Wayex account in AUD with PayID or NPP, both free, then buy IOTA instantly. There is no surcharge on AUD deposits.
- What fees does Wayex charge to buy IOTA?
- Wayex charges 1% on any crypto buy, sell or spend. AUD deposits and withdrawals via PayID or NPP are free, and there is no annual account fee.
- Can I spend IOTA with the Wayex Card?
- Yes. Once you hold IOTA in the Wayex app you can spend from your balance with the Wayex Crypto Visa Card anywhere Visa is accepted, online or in store.
Explore more
Other coins on Wayex.
Get started
Access a World of Crypto.You’re Closer Than You Think!
- 01
Download the app
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- 02
Get verified, instantly.
Fast KYC with your Australian ID. Most accounts verify in minutes.
Learn how - 03
Buy, Sell and Spend!
Trade AUD into 90+ crypto assets, and spend anywhere Visa is accepted.