Holders use the ERC-20 token for staking in order to support the development of the platform. During its official launch, the EOS raised $4 billion in its initial coin offering (ICO) in an unprecedented fashion. The EOS team spread the event across a whole year and it currently holds the highest capital raising round in the decentralized space.
- You may see tickers like EOS/GBP or EOS-USDT, depending on the platform.
- The goal of EOS.io is relatively simple — make it as straightforward as possible for developers and programmers to create DApps that utilize blockchain technology.
- EOS is the native cryptocurrency on the EOSIO blockchain, which was launched in 2018 by Block.One, a brainchild of Daniel Larimer.
- But more importantly, EOS provides the cryptocurrency tokens used to purchase the computing resources needed to run dApps on the EOSIO platform.
- For the time being, EOS is focused on providing dapps to its users in a secure and safe method.
- The launch of EOS on Ethereum was necessary because Block.One needed to conduct an ICO, which would help raise the funds needed to develop the EOSIO software.
If you only starting trading cryptocurrencies less than a year, your capital gains tax will be subject to your regular tax bracket. Losses incurred in that year of trading can be used to offset up to $3,000 of your trades. Investing can also work for you if you are not interested in constantly monitoring price movements or too busy to take the time to take positions. You can just buy the coins and keep them and only sell when you have made a handsome profit from it. Technical experts of the crypto market predict that the EOS price should be a minimum of $1.43 in the year 2023.
Buy EOS (EOS) with Bank Wire
It also runs separate platforms for institutional clients through its Prime Division trading platform and the well-known Capital.com for retail investors. The whole process can be completed online and usually takes less than ten minutes. When you fund your account, you can do so through various methods such as credit card, debit card, bank transfer, or e-wallet. Once your fee-free deposit has been completed, you are then able to purchase EOS directly through eToro’s online platform.
If you’re located inside the United States, it’s a good idea to use a U.S-based crypto exchange like Coinbase or Gemini. Coinbase lets you earn free crypto in its Coinbase Learn program, and Gemini offers interest bearing accounts to grow your digital asset holdings passively. The Coinbase crypto trading platform is undeniably the most user-friendly crypto exchange. Today, it has introduced the instant buy feature that lets you buy EOS tokens in just a few steps.
Choose a suitable exchange
Any trading history presented is less than 5 years old unless otherwise stated and may not suffice as a basis for investment decisions. You can use cash or a card to make a purchase and the coins you buy will be transferred to your wallet. However, this is a much slower process than using an online platform, and the fees can be exorbitant. All investments attract an element of risk – so make sure that you consider this before you take the financial plunge.
- The platforms listed on this page are ones that we found to be the best at the features we listed them under e.g. cheapest way to buy EOS.
- 71% of retail investor accounts lose capital when trading CFDs with this provider.
- Unlike the traditional stock markets, the crypto market operates 24 hours, seven days a week.
- Since EOS is one of the most popular altcoins in the cryptocurrency sphere, it is generally available on all exchanges, including the top ones like Binance, Coinbase, and CEX.io.
- As mentioned earlier, there are no transaction fees on the EOS.IO blockchain.
- These documents include proof of ID (National ID or driver’s licence) and proof of residence (utility bill).
Ensure that you have enabled two-factor authentication, using different and strong passwords, and enabled passphrase for your wallet. While EOS appears to have a very bright future, it’s prudent to thoroughly research any cryptocurrency you are considering buying. In cryptocurrency, the term ‘trading pairs’ refers to a trade between one type of cryptocurrency and another, rather than a fiat currency (USD). This enables them to bypass your verification process and access your account. While some countries offer a wide array of payment methods, others do not.
How to Buy EOS
Our example using Uphold shows how simple it can be to get your hands on some EOS coins. The process is straightforward as long as you have a functional bank account or debit card. Though started in the US, the Kraken exchange is now available in 180+ countries and territories across the world. And the process of buying EOS on Kraken (or any other cryptocurrency) is rather simplified and quite beginner-friendly. You only need to register an account with the exchange, deposit funds, and start buying EOS. Some of the supported payment methods here include a credit card, a debit cards or bank wire.
- Choose your payment method and withdrawal times wisely so you can minimise the transaction expenses and maximise your profit.
- It also features here because it is one of the few hybrid crypto trading platforms that let you buy EOS tokens and also invest in EOS CFDs.
- Finder.com compares a wide range of products, providers and services but we don’t provide information on all available products, providers or services.
- We have come up with a few factors that you must consider when vetting trading platforms that list EOS.
- However, cryptocurrencies are offered as CFD products meaning you do not own the underlying asset.
- It’s easy to configure and set up so you can plug it right into your laptop’s USB port.
In addition, EOS is a speculative instrument and is traded on many cryptocurrency exchanges. EOSIO is a blockchain-based ecosystem for building and running decentralized commercial applications (DApps). One of the blockchains in the EOSIO ecosystem and its native cryptocurrency is called EOS. Main feature of the EOS network is the possibility to scale up to million transactions per second. In fact, it is similar to Ethereum, but with higher bandwidth and lower fees cost.
The aim of this approach is to make money when the price goes up or down. For instance, if you buy 1 EOS for $3.8 and the price goes up to $6, you would have made $2.2 from your trade. Investing in EOS is the option chosen by a lot of new crypto users. It usually entails an investor buying How to buy EOS a crypto asset and leaving them untouched for a long period of time. This strategy works when you are comfortable with the mission of the company and believe they will deliver on their promise(s). The broker must have high-volume trades for the cryptocurrency you are interested in buying.
If you’re looking for a quick workaround you could always buy Bitcoin with cash or PayPal on LocalBitcoins, then trade it for EOS on Binance. Coinbase accepts debit cards, wire transfers and domestic transfers such as ACH or SEPA. There are different ways to create an account, https://www.tokenexus.com/ depending on the wallet you’ve chosen. Some wallets create the EOS account name for you, others will show you how to create it yourself and in some cases this could cost a few bucks. EOS (EOS) is in the top 1,000 cryptocurrencies by market cap, valued at US$814,849,435.
Where to buy EOS coin?
The account creation process on eToro is rather straightforward and only requires a little personal information and identity verification. The minimum you can deposit and withdraw is $200 ($50 for US clients) and $30, respectively. Deposits are free but withdrawals attract a $5 withdrawal processing fee. Now that you are familiar with different ways to invest in EOS tokens, we now need to look at how you acquire these tokens in the first place. In this case, we need to look at the different ways to buy EOS tokens.