Once that’s done, you can send some BTC or ETH over to Binance. If you don’t keep it safe, it could be stolen or destroyed. If you do decide you’d prefer to keep your EOS in a paper wallet, be sure to make a few copies and keep them all in a place where they’re secure and protected. To learn more about EOS and it’s team, token, and history, check out eos.io. If you’re unsure which coin to buy, this is the best place to be. We’ve reviewed all the mainstream (and a couple of off-beat) coins to make your decision as easy as possible.
We do not advise or recommend any provider but are here to allow our reader to make informed decisions and proceed at their own responsibility. Contracts for Difference (“CFDs”) are leveraged products and carry a significant risk of loss to your capital. Please ensure you fully understand the risks and seek independent advice. By continuing to use this website you agree to our privacy policy. Finally, Binance even offers an incredible range of educational material through their ‘Binance Academy’ feature.
Safety and security
All you have to do is navigate to where your open positions are located and close the trade. Assuming you have made a profit, your initial investment amount plus profit will be deposited into your account. You are then free to withdraw this money, purchase another cryptocurrency, use it to buy shares in various companies, or invest in many other asset types. Much like many other cryptocurrencies (including Bitcoin), EOS uses blockchain technology to provide its services. In its simplest sense, blockchain tech allows for a vast, decentralised collection of accounts and transactions – also known as a ledger.
Kraken’s reputation for security and regulatory compliance makes it a trustworthy platform for EOS transactions. We tried out different order types to evaluate the platform’s liquidity in the EOS market, and the results were, by and large, satisfactory. Additionally, Kraken’s staking service How to buy EOS is another big plus as it enables you to earn rewards on your EOS holdings. Meanwhile, the detailed reporting tools are particularly useful for tracking performance and managing your portfolio efficiently. EOSIO has an abundance of DApps compared to many non-EVM smart contract platforms.
How to Buy EOS with Bitcoin
If the coin can manage to follow the rest of the bull cryptocurrency market and rise about USD 3.50, the next resistance point would be USD 4. When EOS officially launched in June 2018, it immediately became the fifth-biggest token on the market based on crypto market cap. However, it carries certain risks much like any investment. Meanwhile, if you have done the needed research, you shouldn’t have doubts about the potential earnings from this investment.
For many new to the world of blockchain and cryptocurrency trading, Coinbase has become the go-to exchange. This is in large part due to how easy the platform is to use. One of the most https://www.tokenexus.com/ popular sites to get started with crypto is Coinbase. This well-known wallet not only lets you buy, sell, and trade coins but also lets you earn more through short videos and courses.
Physical and Hardware Wallets
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 table which will take you to its review page. If you’re ready to get started, read on for step-by-step instructions and a list of platforms you can buy EOS. 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.
Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry. For a profitable and safe purchasing, it is important to choose a trading platform with high turnover, high liquidity and low commissions. To buy EOS cryptocurrency, I recommend using the Binance exchange. Making any actions with any of cryptocurrency is a high-risk.
Step 1: Open an Account
That being said, the EOS coin seems to be a good investment. Remember that it’s important to choose a secure cryptocurrency wallet and crypto exchange platform, such as Coinbase, Binance or Kraken. Binance, for example, offers a fee of 0,1% or lower from every transaction. The platform also supports fiat currencies, so you won’t need to make any additional trades to purchase EOS.
- As you can see from the previous section, EOS offers a platform with some advantageous and innovative features, which will appeal to a wide variety of people.
- EOS has been around since 2017, making the chain a relative veteran in the young crypto space.
- However, the project has remained in the dark due to regulatory issues.
- However, using fiat requires an extra level of verification.
- Again, you can counter this by holding your EOS coins in a crypto wallet.
- This will help you to know how your crypto portfolio is holding and if it may be necessary to reassess your position.