How to Buy EOS 2024 Step-by-Step Crypto Guide

This section considers the difference between investing in EOS and trading digital assets. The US crypto exchange is well-known for its user-friendly platform Coinbase through which new crypto investors gain exposure to the volatile asset class. Its Coinbase Pro variant is more suited to institutional clients and experienced traders. However, Coinbase has a high deposit fee of 3.99% and does not support credit card payments. It also has the ZuliTrade and DupliTrade for social copy trading.

HODL as a speculative asset

This way, you only pay for the underlying asset without worrying about commission fees. We recommend eToro as it offers 0% commission and this can improve your stake in EOS without undermining your purchasing power. In fees, Binance exchange has one of the lowest maker and taker fees with a flat 0.10% ratio and holders of BNB can get discounts while trading on the platform. The Binance exchange offers exposure to over 300 top crypto assets and is adding support to several others on a regular basis.

Why we choose it

EOS has also benefited and risen 4.88% in the last 24 hours to $3.87.This could be a great time to buy EOS given the market sentiment surrounding Bitcoin. As well as taking the necessary precaution, you can also reduce your risks with trading robots. The crypto market is full of this and you need to be zulutrade forex broker review strong-willed to be able to get anything out of it. The fear of missing out is a real investment challenge and that is why we believe doing due diligence will help in arresting this urge and minimize your risks. A lot of investors have lost their funds to fraudulent schemes perpetuated on social media.

How we review crypto exchanges

Our engagement with ByBit for EOS trading revealed a platform adept at handling advanced trading needs, especially in derivatives. The leverage options for EOS contracts allowed us to expand our trading tactics, albeit with careful risk management. We found ByBit’s interface to be intuitive for navigating these complex trading instruments, and their customer support was prompt and knowledgeable. EOSIO has an abundance of DApps compared to many non-EVM smart contract platforms. These range from metaverse games and NFTs to marketplaces and exchanges.

It could overcome the fluctuations of previous years to trade at an average of $4.68. The maximum value that EOS can hit is above $5, and the lowest is only $4.47. Based on technical data and pat statistics, the price of EOS may trade at an average of $3 in the year 2025. Its maximum price could go as high as $3.67, and the minimum could touch as low as $2.46. It rose to $14.9 on May 11 and has not been able to break above this resistance level so far. This is a great point you need to keep in mind if you want to add EOS to your investment portfolio.

While the coin might have good long-term price potential, all crypto is a risky investment, and profits are not guaranteed, whether you choose to trade or HODL. It also runs separate platforms for institutional clients through its Prime Division trading platform and the well-known Capital.com for retail investors. Capital.com requires a minimum deposit of $20 (same across supported fiat currencies), and you can easily fund your account with your credit/debit card, wire transfer, and e-wallet. The only downside to buying EOS using a bank transfer is that it attracts relatively higher transaction processing fees. And while all other payment methods have a minimum deposit of $200 on eToro, for instance, bank wire transfers carry a $500 minimum deposit limit. Moreover, the deposit process takes longer and you might have to wait for 3 to 8 days before it reflects in your eToro trader account.

Despite the delayed EOS integration, Trust Wallet makes it to the list due to the iOS and Android availability as a mobile wallet. It also offers DApp integration and improved privacy traits, all while being open-source. Kraken supports several EOS pairs — EOS/USDT, EOS/ETH, EOS/BTC, and many more. However, it is the EOS/USD pair that enjoys the most liquidity and trading volume, comprising 0.56% of the overall EOS flow globally.

It’s still likely they’d want to make a digital monetary exchange such a bank transfer. A bigger concern for most traders than the security of the underlying protocol is the level of security on the exchange or trading platform they use. This makes the platform decentralized, meaning there is no central authority. In terms of its price movement, EOS value is determined according to market sentiment.

Once you click the [+] button, all you have to do is provide the card details, then tap the [Add card] button. Tap (or click) on either of the two [+] buttons next to the corresponding option you wish to use as a payment method. EOS is still in active development with a substantial user and developer community. Its future hinges on its capacity to resolve scalability problems, draw in more developers, and adjust to evolving market conditions. EOS remains a contender, holding promise for future expansion and adoption. Whether EOS is a good investment depends on your goals and risk tolerance.

1. They feature encrypted software where you can store your EOS coins and your private keys.
2. Today, it is one of the most accessible cryptocurrencies, which also makes it one of the easiest cryptocurrencies to buy.
3. Only buy EOS if you are confident in the blockchain and the project.
4. CoinSwitch predicts that EOS’s price will rise over the next few years.
5. In terms of fees, PayPal is neither the cheapest nor the most expensive option on this list.

It is best to do extensive research because it is always better to be safe than sorry. We also would like to press the point to study the currency’s past behavior and trends, and also future prediction. Its price then hiked and reach around $2.823 during the year 2017. Soon, towards the third quarter of the year 2017, it saw an all-time low and fell below $0.50. Thankful, it was only for a short while and it rose to success again in April 2018 and reached a remarkable $22.80. The year 2021 was so uneventful for EOS when most of the crypto had a bull run.

You can, however, also withdraw your EOS to the eToro crypto wallet. EOS is a blockchain platform that seeks to address these bottlenecks through its delegated proof-of-stake (DPoS) consensus mechanism. Running a web toolkit for interface development, EOS enables hassle-free dapps development. With its ability to support thousands of applications on its network and its no-fee model, EOS blockchain has gained blockchain prominence in a few short years. You can use an online exchange such as the ones listed above, or you can use a peer-to-peer marketplace such as LocalBitcoins.

The push to make the “better” bitcoin or Ethereum has seen a flood of imitators and potential competitors come and go, all seeking to be the Next Big Thing. Due to the fees, buying smaller baskets of cryptocurrencies like EOS with your credit or debit card isn’t really economical. Basically, you will need to find a person selling EOS on a peer-to-peer marketplace where you can arrange to meet in public to conduct the transaction.

EOS core functionality allows individuals and businesses to create blockchain-based apps in a manner that is similar to web applications. EOS allows secure access, authentication, data hosting, permissions, usage management, communication between dApps with the Internet, and provides secure access. The EOS ecosystem has two key components ━ the EOS.IO software and the EOS tokens.

You may also choose to label this order for easy identification on your order history page, but this is optional. The rest of the order form can be filled as we directed in the previous section. Once the feature is activated, select the next option to specify the start date of the repeat purchases. Click on [Today] or the forward arrow next to it to open up the calendar window. At this stage, your account is now linked to a payment method, and you can proceed to the next step.

The Binance platform is the most innovative and dynamic of all the exchanges in the crypto space. It has quickly evolved into an ecosystem with the Binance Smart Chain (BSC) enabling direct transaction with the Binance exchange and decentralized exchange platforms like PancakeSwap. If you are looking for some of the best places to buy EOS, this guide should come in handy.

It was also positioned as an Ethereum competitor, which became a popular narrative at the time. Its objective is to be a low-cost alternative to blockchains like Ethereum, opting for features like free transactions and greater scalability. EOS has been around since 2017, making the chain a relative veteran in the young crypto space.

You can also consider donating your EOS tokens to help fund organizations championing different charitable courses. These may be environmental conservation, humanitarian missions, and other charities. To claim rewards, go to the wallet dashboard, select “Claim,” review, and approve the transaction.

EOS (EOS) CFDs allow you to speculate on the price of the cryptocurrency without having to own the digital asset. As crypto exchanges have become more accessible and the EOSUSD price has risen, more people have begun to invest in cryptocurrency. EOS trading is allowing a great transfer of wealth and even new investors can hope to profit from its fast growth and earn higher returns than they would on the stock market. A long-term investment is made by those investors who believe in the EOS project or think that the price of the token will continue to surge in the long run. They are in it for the long haul and are usually patient investors with a great temperament.

Unlike eWallets which are only available in select countries, we have banks in virtually all countries and territories in the world. Therefore, where all other payment methods fail, eToro lets you buy EOS with bank wire. Atomic Wallet even supports a few of the 1st staking options, allowing you to earn crypto while you safely store your coins. EOS is focused on making decentralized applications easier to understand and more functional for corporate programmers. And interest in EOS has been steadily gaining momentum among investors and programmers alike.

You will, however, need to start by signing up with the trading platform that recently became the first publicly traded crypto exchange in the world. The registration and identity verification processes are easy and straightforward and open to residents of the 100+ countries where Coinbase has an established presence. Supported deposit and withdrawal options include PayPal, a credit card, a debit card, bank wire, and eWallets like Skrill, and Neteller. The upside to buying EOS CFDs is that you get access to leverage (borrowed funds) – which means that you can open a significantly large EOS position with relatively low trading capital.

Additionally, contrary to popular belief, EOS has more than 500 validators, while XRP has just over 100 validators. Finally, EOS scales to at least 4,000 transactions per second (tps), while XRP sits right at 3,400 tps. However, it uses delegated proof-of-stake (DPoS), which isn’t too out of the ordinary. Learn everything you need to know about Bitcoin in just 7 days. There is currently no viable way to buy EOS with cash or PayPal. 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.

Desktop wallets are a type of ‘hot wallet’, so named as it has access to the Internet. These enable you to store your cryptocurrency within encrypted https://forexbitcoin.info/ software on your desktop. If you think about it, cryptocurrencies like EOS were invented to provide a better means of transferring value digitally.

We are committed to providing the best and latest information to our users about cryptocurrencies and how to buy and trade those currencies. This is why we will continue to update this guide as more and more information, updates, news, developments, and reviews come in related to EOS. While EOS appears to have a very bright future, it’s prudent to thoroughly research any cryptocurrency you are considering buying. Cryptocurrencies are volatile and their price depends on a number of factors like fundamentals, the health of the network and adoption. The more usage the EOS.IO network sees the higher in value its native EOS token will likely go. You are really only limited by the fees charged by the exchange or broker.

Therefore with wire transfers, the coins you purchase will only be credited to your account once Uphold receives the funds. EOS’s inaugural initial coin offering (ICO) started in June 2017 amid an ICO boom that saw blockchain initiatives amass billions and the allure of digital tokens skyrocket. The funding round raised a record-breaking $185 million in just five days and concluded at a record $4 billion in June 2018 — making EOS the most significant ICO in cryptocurrency history. This wallet supports 500+ cryptocurrencies including EOS, supporting easy token swaps. Atomic Wallet also supports EOS staking and even supports in-app exchange integrations. Additional security measures include backup options and advanced encryption protocols.

Credit and debit cards are generally only offered as a payment method at the more established global crypto exchanges. On many exchanges, you won’t be able to buy EOS directly, and you will first need to acquire a popular token such as Ethereum or Bitcoin. A few exchanges may sell EOS directly, but the cost of the transaction could be quite high. To place your purchase order, select the fiat currency you want to use to pay for the investment, and it will show you how many EOS coins you can get after adjusting for the exchange rate. It will take a few minutes for coins to show up in your account.

You will reserve the right to sell, trade, and hold them as you wish. In order to do that, you will need to buy financial instruments like Contract for Differences (CFDs) for EOS, which allow you to speculate on the price and make money. The best brokers support credit/debit cards and bank transfers. When you own cryptocurrencies, what you really own is a private key, a critical piece of information used to authorize outgoing transactions on the blockchain network. Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds. Kraken is a highly reputable crypto exchange that launched in 2013.

In terms of security, the eToro crypto wallet operates under the regulatory umbrella of the Guernsey Financial Services Commission (GFSC). You also get a password recovery service in the even that you lose your private keys. Even though there are several crypto wallets out there, only a few stand out from the crowd.In this section, we will show you the best mobile software app that can hold your EOS tokens.

It, for instance, was the first major exchange in the world to conduct a proof of reserves audit and make public its findings. And all these have earned it the title of the most secure crypto exchange in the world. You then need to deposit into Coinbase using the supported payment methods – based on your country of residence. 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.

Below you can browse a few of our favorite brokers offering trading platforms suitable for active investors. By monitoring how the price of EOS is changing over time, you can convert your investment to a stablecoin when the price is high and back to EOS when the price falls again. This allows you to accumulate more EOS coins, which you can then transfer to your long-term investment wallet or cash out to take profits. Atomic Wallet also features an in-app exchange that allows you to directly buy and sell tokens and coins without connecting to a new exchange. This can make it more affordable to exchange your cryptocurrency, as you’d typically need to pay a fee when transferring to your wallet and when transferring to your exchange. If you’re looking to invest over the long-term, then iTrustCapital is a great option.

Do note that price predictions are based on a number of conditional factors and can never be relied on fully. Overall, market conditions will certainly play a part, and in particular with EOS, the success of its layer-1 competitors. Whether or not EOS is a good investment for you largely depends on your financial goals. EOS had an all-time high of over $20 in 2018 but has not been able to come close since. OKX furnishes a comprehensive toolkit for EOS trading, from spot pairs to derivatives contracts. The efficiency of trade executions on OKX was particularly notable, aligning well with our need for timely and accurate order fulfillment.

Dan Larimer, who created EOS, is also the co-founder of BitShares and Steemit. EOS is a “Do It Yourself” platform for running decentralized apps (similar to Ethereum) that has gained a lot of attention lately due to its $4 billion ICO and key figures. In this post, I will explain how to buy EOS tokens and where to store them. Bulls hope that the price holds at the next support and recovers enough to break out of the channel. To help EOS gain some bullishness, it will take a miracle, either in the form of a major news story or a shift in market sentiment.