How to buy EOS

Once you’ve chosen your preferred exchange, you will open an account on the platform. That typically involves visiting its website and signing up to its services. Ensure you set up a unique and strong password to protect your account. In this case, we’ll use Binance to demonstrate the process. Here are six easy steps to buy EOS using your credit card.

EOS is the native cryptocurrency of the EOS blockchain network. However, when the EOSIO open-source software launched in mainnet n June 2018, it was later converted into an EOS token. EOS is among a growing list of so-called ‘Ethereum killers’ due to its vision of displacing the leading smart contract platform. EOS is far from the only challenger to Ethereum, with Solana, Polkadot, and Cardano and a host of other platforms competing for market share. There are a lot of echanges on the market now, and choosing only one of the list is not easy.

Learn how to buy EOS (EOS) in our step-by-step guide.

As a result you can buy, sell and manage your cryptocurrency directly from the app. If you need further instructions you could have a look at the how to buy cryptocurreny guide. This guide is a general guide on how to buy most cryptocurrency including certainly EOS.

  • It is also user-friendly and its WebTrader 4 interface makes it easy for traders to execute trades without any difficulty.
  • This goes a long way in determining the strategy you choose to adopt.
  • You will need to deposit at least £50 by bank transfer to get started, and after that, there will be fees of 0.6% when you buy or sell EOS in the Trade tab.
  • We strongly advise investors to not get swayed by their emotions and to consider the market movement to come to any conclusion.
  • As an emerging leader in DeFi, Lido’s liquid staking services may experience heightened demand.

There is nothing more important when it comes to crypto trading than to know that your coins are safe before, during and after the process of a transaction. If it means that you’ll have to pay a bit more or that it’ll take longer than it usually does – no matter! As long as the process is smooth, at the end https://www.tokenexus.com/ of the day, any issues are avoided. When there are so many cryptocurrencies circulating the market, it becomes difficult to choose which ones are worth investing in and which ones you should simply ignore. Even when you discard the most obvious of contenders, you are still left with plenty of uncertainty.

Buying EOS as a CFD Product

This will usually see you placing regular EOS buy orders via your online broker – then cashing out your position within minutes, days, or weeks of entering the market. In fact, having a plan in the crypto buying game is a fine way to prepare yourself for the markets, helping to reign in those emotions of greed and fear. As is clear from our practical example, a fee which initially seems quite insignificant can soon eat into your profits at a rapid rate. If you had chosen eToro to start with, you would have saved $22.35 in fees – as the broker allows you to buy EOS without paying a cent in commission. Not only is the broker registered in the US with FINRA, but the platform is regulated by the FCA, ASIC, and CySEC. This level of regulation should clear any doubts in your mind about the broker’s legitimacy.

  • Select «Go to site» to sign up directly with the exchange.
  • In order to send EOS from your wallet, you will need an EOS account.
  • Since we want to buy EOS, the limit feature will enable us to set an ideal purchase price.
  • Now that your exchange account is up and running, it’s time to link it with your credit card.
  • This particular Blockchain-based system ‘EOS’ was created in 2007 by software company Block.one.
  • This means that there’s not much scope for growth of EOS during this year.

At creditable broker eToro, you are able to purchase EOS on a secure and direct basis. This security comes from multiple regulatory bodies – which we elaborate on further down this page. As is shown in the 5 step walkthrough above, it’s strongly recommended that you only buy EOS at a regulated crypto platform. In this comprehensive How to Buy EOS Guide, we walk you through all aspects of purchasing this popular digital asset.

Buy EOS in the UK

From the sluggish and traditional wire transfer – to super fast credit/debit cards such as Visa and Mastercard. The platform is also compatible with e-wallets like PayPal, Klarna, Neteller, and Skrill to name a few. In layman’s terms, a cryptocurrency exchange is a place where you meet and exchange cryptocurrencies with another person. The exchange platform (i.e. Binance) acts as a middleman – it connects you (your offer or request) with that other person (the seller or the buyer).

How to buy EOS

The purpose of this tutorial, however, is to show you exactly what you need to do to get your hands on some EOS. Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the How to buy EOS table which will take you to its review page. One more alternative method to become an EOS holder is the KuCoin platform. However, these software are still in their infantile stage and are mostly unregulated. Our team of experts have developed a unique vetting system that helps in discovering genuine trading bot software from the fake ones.

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How to buy EOS

Sure, there are certain situations and scenarios where speed is very important, but most of the time slow transactions are nothing more than a nuisance. Before thinking about how to buy EOS currency, you must first decide on a wallet. Honestly, the only criterion that you should follow while choosing an appropriate wallet is safety. If your EOS wallet isn’t aesthetically pleasing or doesn’t have a thousand different functions, it doesn’t matter – as long as your EOS coins are safe and sound.