How to buy IOTA from Kenya

Recommended Broker 🇰🇪
👌Difficulty Low
☢️Commissions Very low
💲Minimum deposit 200$
🪙Cryptocurrencies: IOTA and +15 more
⚖️Regulated by: Cyprus Securities and Exchange Commission (CySec), United Kingdom's Financial Conduct Authority (FCA), Australian Securities and Investments Commission (ASIC)
🌐 Official website: *
*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money Cryptoassets are highly volatile unregulated investment products. No EU investor protection.

How to buy

If you live in Kenya, a great way to buy IOTA is, without any doubt, this popular broker.

eToro*, one of the main brokers around the world, is registered and licensed, among others, by the Australian Securities and Investments Commission (ASIC).

We recommend eToro because you can create an account for free with this broker, and its fees for trading online are very low. Besides, eToro is available in your language, accepts users from Kenya, it is really easy to manage, and its friendly interface is ideal for those who are starting to trade with cryptocurrencies and stocks.

How to sign up, step by step

The first thing you need to do is click here and fill in the fields on the right: enter your name, email, and set a password.

Now check your email: you have received an email from eToro, click on “Verify my email” and your account will be verified.

Once on eToro, you just have to click on “Deposit funds”, in the page menu.

There, you can choose how much money you want to add to your account (the minimum is $ 200) and the payment method:

As you can see in the image, the first deposit can be made by credit card, PayPal, or bank transfer.

How to make your first trade

When eToro has confirmed the receipt of your credit, you just have to search for “IOTA” in the search bar, click on “Invest” and choose the amount in dollars you want to invest.

*67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money
Cryptoassets are highly volatile unregulated investment products. No EU investor protection. Your capital is at risk.

Why do we recommend it?

  1. User-friendly and straightforward
  2. Allows to copy trading tactics
  3. You can short sell
  4. You can trade leveraged
  5. Allows you to invest in plenty of other goods

Official website in English: *

You should certainly consider eToro in case you are interested in trading with IOTA from Kenya.

eToro is famous for making “social trading” fashionable, an innovative form of investing in which traders can emulate the strategies of other investors who have been generating earnings for years.

eToro has solutions for you, especially if you don't have much experience in trading. You can rest assured that you will be doing a smart investment move when replicating those from subjects with a long profit record. Additionally, in case you are an investor, the platform pays for your knowledge.

Another advantage is how manageable the interface is, which turns out perfect for new users that are just learning all about the trading world.

What types of assets can you trade in eToro?

You already know about crypto, there are other financial instruments available in eToro.

About ETFs

Have you heard about Exchange-traded funds? They are passively managed funds, known for merging the advantages of stocks and mutual funds, because they can be traded at any moment in the market, but have much more diversity and considerably lower rates.

Index Funds

Index funds are the best alternative for those interested in long-term investments, mostly for beginners. If you don't need to withdraw your money in less than five or ten years, index funds offer you security and diversity.

Perhaps you have a different idea, but it is not easy at all to beat the market (although you have probably heard of investors who obtain huge profits).

But except for Warren Buffett and a couple more, not everything is as good as it sounds: when someone brags about having beaten the benchmark, it was probably for a short time, or their fees are really high. In the end, indexing is better because commissions are minimal. Also, past performances do not ensure a future one.

Index funds provide solutions to both concerns: their commissions are insignificant and they beat active managers almost all the time, although in the long term.

Foreign exchange market

Forex or currency trading is the exchange between a pair of currencies in order to gain money through the operation.

If you decide to exchange the EUR/USD pair, for instance, you purchase euros and pay with dollars, hoping that the euro will increase compared to the dollar. Therefore, if you purchased each euro at 1.15 USD and you sell them back when their price is 1.20 USD, that margin will be yours.

You may be thinking that this form of trading requires investing considerable amounts, and you are not wrong, because variations are usually minimal, and if you use a lot of leverage to counter that, you will take a considerable risk. In case you are a novice in trading, it is not a good idea to begin with the currency market, because it's not the safest alternative.

The most known currency pairs are available on eToro but keep in mind that Forex trading works with CFDs, which means the underlying asset won't be yours.


Let's discuss the most popular instruments: stocks or shares. Stocks are fractions of publicly traded corporations. It is possible to own a proportion of a company and have returns, but first, you should know where and how to invest your money.

We could say that there are two basic kinds of stocks: those that pay dividends and those that do not. Those that pay, at the end of the fiscal year, distribute their profits among the stockholders; the latter, on the contrary, do not. However, this is not to say that those of the second type have less to offer. If a company does not pay every year but has a lot of potential, you should not discard that alternative, since the capital gain you will get from the sale of the shares can be much greater than what you would earn through dividends.

If you invest in equities that pay out dividends, you will receive them into your account on eToro. Therefore, you can collect that money or you can choose to reinvest it. Nevertheless, you can take advantage of compound interest, so our suggestion is that you reinvest in the company if you don't need the money immediately.

If you trade with stocks on eToro, you can use leverage. But it is not advisable, since it would be a CFD and you would not receive dividends. Also, as shares tend to be long-term investments, you will have to pay commissions.

Commodity market

Most people invest in raw materials because of their stability. While other assets tend to fluctuate more, commodity prices vary less and offer security against inflation or market volatility. Nevertheless, prices are subject to supply and demand, so if the fear of possible inflation provokes greater demand for a certain good, the price will also increase.

Note that, unlike stocks, raw materials don't pay dividends. Thus, the only prospective income would come from a sale of the asset.

Commodities are commonly categorized into two types: first, we have hard raw materials, which are precious metals (gold, silver, copper, and platinum), industrial metals, and oil; in second place are soft raw materials, which are agricultural products such as sugar, cocoa, soybeans, among others.

What are CFDs?

It is possible that you have found the initials CFD all the time if you entered eToro before. We will come back to it, but you should know first that CFDs on eToro are only possible if you are short-selling or leverage higher than x2 (and this is not even available on the platform).

We will also refer to concepts like short-selling and leverage, in case you are considering day trading cryptocurrency or other more advanced practices.

With CFDs you can bet on eToro even if you are “in red” or don't have a positive balance. For instance, you have the certitude that the IOTA will go down, so the logical thing is to think “if it is going to depreciate or go down, I'll simply wait until it does”. Nevertheless, if it actually goes down, you can make some profits out of that.

The operation known as “going short” will allow you to do that. It functions, more or less, like this:

  • You ask someone to lend you, for instance, 100 units of IOTA, which total price at the moment is $ 5,000 (these numbers are made up)
  • You make $ 5,000 by selling them at their price in the market
  • The IOTA goes from $ 50 to $ 30 (as you predicted, the value decreases)
  • You buy all 100 units one more time, but now they are worth $ 3,000
  • You pay back the 100 units
  • The difference is yours, so, you will have made $ 2000

Consider that it is much simpler than it sounds: we can just say that by trading in IOTA you can also earn money if you anticipate the downs.

Differences between futures and CFDs

In case you want to know, here are the major differences between Futures and CFDs:

  • Which are the counterparties? With Futures, the counterparty is another investor. In CDFs, it’s the brokerage, in this case eToro
  • When do they expire? Futures expire in a variable given date. CFDs don’t expire
  • Variety: The market for Futures is narrower. With CFDs you can trade in several different markets.
  • Minimum investment: Being higher figures, Futures require, proportionally, lower costs. Costs for CFDs are a bit higher, although not too much.
  • Use of leverage: with Futures, it isn’t possible; while with CFDs it is.

How does eToro work?

As we have referred among the positive aspects of eToro, the best thing about this platform is its simplicity: anyone can invest without having to read endless explanatory texts.

If you are familiar with any of the most common social networks, like Twitter or Pinterest, you can perfectly use eToro's interface.

We will explain, roughly, the registration process and the different sections that you will see.

When you register, you will have to enter your personal data, like first name, last name or address.

They will also ask you about your previous trade experience.

But you don't need to worry: it is not an exam. They are only measures to know how much knowledge you have and what type of assets they can suggest. For example, if it is your first experience in the investment world, they will not recommend that you invest in futures.

As soon as you are registered and have completed your profile, the annoying “incomplete profile” bar will disappear.

Let's review the different functions of the page.

With the “Set Price Alerts” tool, you'll be able to program an alert when a security is at a certain price. This is ideal if you want to purchase an asset that is falling but you believe it will decrease even more.

The section “News Feed” allows users to interact and share their experiences and knowledge.

In “Discover” you will find the tabs: “Instruments”, “People” and “CopyPortfolios”. As we discussed previously, the six types of instruments on eToro are:

  • cryptocurrencies
  • ETFs
  • Stocks
  • Raw materials
  • Forex trading
  • Index funds

The term “social trading” comes to life in the section “People”: there, you can copy the strategies of any user you choose with just one click. You'll be able to see all their profiles and performances.

You will be able to search and find users according to your interests. When you select an investor and indicate how much money you want to invest, eToro will automatically replicate their movements, proportionally. For example, if you have $ 1000 and the user puts 20% of their funds in an asset, eToro will put $ 200 of your funds in the same asset or company as well.

You will also find the CopyPortfolios divided into three main categories: “Top Trader”, “Market” and “Partner”.

In some cases, you might prefer copying to CopyPortfolios than to individuals, since you avoid putting all your eggs in one basket, or in other words, risk is more diversified. The portfolios are identified so you can recognize them easily: one about gaming, another about large drone companies, another about pharmacy … You think that a certain industry is going to succeed in the future? Then you will surely find a CopyPortfolio about it.

Investment strategies

You can operate cryptocurrencies in many different ways: for instance, you can buy and hold, or you can day trade using volatility of the market in your favor.

My suggestion for those who are starting to trade is going for a middle point: when you open your IOTA position, place a stop-loss 15-20% below the highest price, and let the rest happen on its own.

This means that if, for instance, you buy a cryptocurrency at $ 10, it reaches $ 20, and after that it decreases to $ 12, your stop loss will close your position at $ 16-17 and you will obtain a pretty good profit.

It may sound way better to sell when the price is at its peak, right before corrections, but that is simply not possible. The mentioned strategy is much more down-to-earth and it can give great results.

Eventually, you will be ready for applying more advanced trading strategies, like using leverage or going short to profit from bear markets.


How much is the minimum deposit?
Only 200$.

When will I be able to take out my funds?
Whenever you want. Simply sell your IOTA position, click on “Withdraw Funds” and you will the money very soon.

What deposit methods can I use?
You can use: Credit Card, Bank Transfer, PayPal, Rapid Transfer, Neteller, Skrill and Klarna / Sofort Banking.

* Please note that CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Disclaimer: 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.