IoTeX price and where to buy IOTX

What is IoTeX?

IoTeX is a blockchain for connecting real-world devices and the data they produce, a category often called DePIN. IOTX pays fees and is staked with the network’s delegates.

How to buy IoTeX, step by step

1. Pick an exchange. IOTX is listed on three of the five exchanges we track. Compare fees, funding options and whether it serves your country in our exchange reviews.
2. Create and verify your account. Regulated exchanges ask for identity documents before you can deposit fiat.
3. Fund the account. A bank transfer or a stablecoin deposit usually costs far less than a card payment.
4. Buy IOTX. Use the IOTX/USDT or IOTX/USD market, and check the cheapest venue in the table above first.
5. Decide where to keep it. On the exchange is simplest, but the exchange then holds your coins. IOTX runs on its own network and exists on others; choose the network your wallet expects.

Where to buy IoTeX at the best price

The cheapest venue right now is marked in the table above. Add its trading fee before comparing: on IOTX the venues disagree by about 0.091 percent on average, so on a small purchase the fee and the funding method usually matter more.

• The price on that venue. Each row shows the gap to our composite.
• The trading fee. Our fee comparison lists spot fees side by side.
• How you fund the account. A bank transfer or stablecoin deposit is usually far cheaper than a card payment, which often costs several percent.

Why the IoTeX price differs between exchanges

In our minute-by-minute measurement the gap between the highest and lowest venue averaged about 0.091 percent, against about 0.025 percent for Bitcoin. It went above half a percent in about 13 minutes out of every thousand, and reached about 4.3 percent at its widest.

About half of the IOTX spot volume we track trades on a single venue. The spread figure at the top of this page is the live measurement; our guide on why crypto prices differ between exchanges explains the mechanism.

What moves the IoTeX price

The wider crypto market, and in IOTX’s case its own news too. In our hourly composite, IOTX moved with Bitcoin at a correlation of about 0.26, where 1 would mean identical moves, and its moves were about three and a half times the size of Bitcoin’s.

IOTX had one of the weakest links to Bitcoin of any coin we measured, so its own drivers dominate: device-network news and leverage. The funding rates on this page show whether leveraged traders are paying to be long or short right now.

Pros and cons of IoTeX

Pros

• Focused on real-world device networks.
• Staking with the network’s delegates.

Cons

• It trades on three of the five exchanges we track.
• Its hourly moves were about three and a half times Bitcoin’s in our data.
• Its price gap between exchanges reached about 4.3 percent at its widest.

IoTeX’s highest price

IoTeX’s all-time high is about $0.256 on volume-weighted data. The chart above shows the last 30 days of our composite, and the IOTX to USD converter applies the live price to any amount.