At this stage of our step-by-step guide, you should now have an eToro account that is funded. The easiest way of doing this is to enter ‘EOS’ into the search box at the top of the page. This guide explains how you can buy EOS commission-free and the best platforms to use for trading. As shown by the directional arrows, to set up a sell limit order, you will use the [From] form field, while if you are looking to buy, you will use the [To] form field. Below that is a [Duration] tab through which you can set up how long you want your order to remain active as you await the asset price to rise or fall to your desired level.
There are several ways to do that, including buying them off an exchange, accepting EOS as payment for goods and services, receiving gifts and aidrops. Following its high-profile ICO that raised over $4 billion, EOS has established itself as a leading smart contract-enabling blockchain network. This guide covers what to know about the network and how to buy EOS with a credit card.
Which payment methods can I use to buy EOS?
Since you don’t own the currency tokens, you don’t need to deal with their network transaction fee as well as the hassle of getting a crypto wallet. The financial instruments such as CFDs are easy to buy or sell quickly, and it can be done more economically. Whether you’re an experienced trader or this is your first Eos purchase, Kriptomat makes the buying process simple with a choice of payment methods. Just choose a payment method – Kriptomat supports bank transfers, Neteller, Skrill, and credit cards.
- The platform adheres to high security standards, including auditing, encryption, and a responsive 24/7 monitoring system.
- Whether you’re an experienced trader or this is your first Eos purchase, Kriptomat makes the buying process simple with a choice of payment methods.
- A few of the more popular choices for US-based EOS enthusiasts would be Coinbase and Binance.
- If the price does not reach your target level, the order will be canceled automatically according to your settings.
- These documents include proof of ID (National ID or driver’s licence) and proof of residence (utility bill).
- Any costs you incur when purchasing EOS will be directly related to the exchange or platform you use.
Eos is a powerful speculative investment tool, so many customers buy and hold EOS in the hopes of gaining profits. You’ve now learned how to buy Eos on Kriptomat, taking your first step into the exciting world of EOS investments. In this tutorial, we’ve covered EOS and EOS.IO in a very general manner.
Make a deposit
This is seen as a huge benefit because other ways to make transactions (such as Bitcoin Cash and VISA) will charge a small fee to do so. Eos and other cryptocurrencies have found major utility as a form of payment, thanks in part to the speed at which funds settle. EOS transactions, whether international or sent to your next-door neighbour, are typically very fast.
- Even though the site makes things convenient and simple, it still has its fair share of drawbacks.
- EOS.IO blockchain protocol is a smart contract platform that has eradicated transaction fees.
- The platform received an e-money licence from the FCA and keeps your assets safe and insured, in cold storage.
- Since it was built for professional it is a robust platform.
- For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.
- To simplify only a little, the EOSIO platform emulates the functions of a computer, and uses familiar computing concepts in its operations.
Larimer is also known for creating BitShares and blockchain-based social media platform SteemIt. Before its launch on the mainnet, EOS was initially developed on the competing platform Ethereum and was compliant with the ERC2- token standard. Below we will focus on how an investor can get their hands on some EOS coins.
EOS becomes first “climate-positive” blockchain network
For maximum security use a hardware wallet like the Ledger Nano X. 76% 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. All this will help you to understand how EOS works and how much risk is involved.
Considering all the resources, we feel that the general sentiment is neutral, and the return on investment may not be worth the risk. If we look at the predicted price figures for the end of 2023, there’s no massive growth. EOS is currently performing far below the global crypto market average standard with a drop of -4%.
Step 1: Choosing an EOS Wallet
KuCoin currently offers EOS (EOS) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens. Besides being visibly appealing, the Uphold trading How to buy EOS platform allows you to place your trades with great ease. Just a couple of clicks, and you can make trades directly from your deposit method without even having to wait for funds to clear to your account.
If everything seems correct, click [Confirm] to authorize the transaction. You can choose from various EOS wallets available in the market today. The latter wallets, like EOS Lynx and Scatter, are suitable for daily use.
Public Transactions
This section considers the difference between investing in EOS and trading digital assets. You’ll also want to ensure you hold your EOS coins in a crypto wallet. Thanks to their advanced security https://www.tokenexus.com/ features, these wallets (such as the best Bitcoin wallets) allow you to store your digital currency safely. Many top brokers will offer users a crypto-wallet as part of their platform’s features.