Since Alex cannot buy IOTA directly with USD on Coinbase, they use Coinbase as a "on-ramp" to buy a different cryptocurrency first.
Once the funds arrive at the second exchange, Alex navigates to the IOTA/BTC or IOTA/ETH trading pair to finalize the purchase. coinbase buy iota
For a trader named Alex, the "story" of acquiring IOTA through Coinbase usually follows this multi-step journey: The "Bridge" Strategy Since Alex cannot buy IOTA directly with USD
The story of buying IOTA on Coinbase is often one of confusion for new traders because, while Coinbase provides price data and guides, on the main Coinbase exchange . Iota (IOTA) Price GBP Today, News, Charts, Market
Iota (IOTA) Price GBP Today, News, Charts, Market Cap - Coinbase
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.
Alex signs up for Coinbase and buys a highly liquid asset like Bitcoin (BTC) or Ethereum (ETH) using a bank transfer or debit card.