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EOS is the cryptocurrency used on the EOS.io blockchain, which was developed with the primary purpose of facilitating scalable and decentralised applications. The blockchain itself works in a very similar way to the Ethereum blockchain, although EOS is much faster. Since there are only 21 nodes producing blocks, new blocks are created much faster than other cryptocurrencies, including Bitcoin.
You can invest in EOS on the following CFD trading platforms:
The potential utilisation and speed of the EOS.io blockchain have made the EOS cryptocurrency a popular one to own. Whether you intend to use it, store it or trade it, these are the best ways to buy EOS today.
This cryptocurrency is traded on a variety of trading platforms and exchanges, with each one having a slightly different process that allows you to buy EOS. Generally, however, you would be required to follow some or all these steps:
EOS’ three-digit ticker code is EOS. According to CoinMarketCap, the cryptocurrency has a current market cap of over $2.7 billion, ranking it in 8th place, ahead of Bitcoin SV and Stellar. As with other cryptocurrencies, EOS is relatively volatile, and it is possible to find it trading at different prices at the same time. On April 29th, 2018, it reached its highest recorded value to date, trading at $22.89.
While there are several options to buy EOS, you need to first understand what you intend to do with the coin and how you plan on paying for it.
Using a credit or debit card to buy EOS is probably one of the most popular methods since it allows you to obtain the coin instantly. Many major and smaller cryptocurrency exchanges and trading platforms support card payments, although the vast majority tend to impose a deposit fee when using cards. Nevertheless, buying EOS with a credit or debit card is not only easy but also convenient, since you do not need to worry about currency conversions.
As one of the largest cryptocurrency exchanges in the world, Coinbase is a great platform to buy EOS with a credit or debit card. Although Coinbase charges extra when depositing fiat currency using a card, its range of trading options and brokerage services make its card surcharge a small price to pay. Together with EOS, Coinbase provides access to several other cryptocurrencies, and it might be possible to earn some EOS for free through occasional airdrops.
Other platforms which allow you to buy EOS with a credit or debit card
Buying EOS with PayPal is harder than it once was since many platforms have discontinued this payment method due to the high fees involved. Nevertheless, PayPal remains a popular eWallet, providing a fast and secure method of payment around the world.
eToro is a trading platform which allows you to buy both an EOS asset and an EOS Contract for Difference (CFDs). The best-of-both-worlds reality makes eToro a preferred platform by both crypto enthusiasts and professional traders. PayPal is just one of the numerous payment methods supported by the platform, which, together with offering a range of price analysis tools also specialises in social trading.
If you would like to buy EOS via PayPal using alternative platforms you
An alternative way to buy EOS is through a bank transfer. Although this method is slower and sometimes more expensive to the user than using cards or PayPal, it is surprisingly still a popular option, available on numerous platforms. Since merchants do not need to pay to accept bank transfers, users who opt for this method are normally exempt from paying any deposit fees.
Bitfinex is a cryptocurrency exchange which removes any deposit fees for deposits of over $1,000. Based in Hong Kong, this technologically advanced platform supports one of the highest daily trading volumes and liquidity in the industry. Bitfinex allows you to buy EOS with a bank transfer and supports both EUR and USD currencies. Together with a variety of tools ideal for advanced traders, the exchange also offers a demo account best-suited to novice traders.
You can also buy EOS with a bank transfer on the following platforms:
With cryptocurrency exchanges pressures to increase user verification and traceability, buying EOS anonymously is now harder than ever. While some cryptocurrencies, such as Bitcoin and Litecoin can be bought anonymously using a dedicated ATM, it is not currently possible to do this for EOS. As a result, the only way to remain truly anonymous is to find an EOS seller and negotiate a deal. This method, however, can be rather risky since fraudsters often pose as genuine sellers.
A safer method is to use the popular cryptocurrency exchange platform, Changelly. Although you need to register an account and provide limited personal information, Changelly does not require you to submit any documentation in order to carry out transactions. Essentially, you can use the platform to buy EOS anonymously. Furthermore, Changelly provides you with access to a variety of other cryptocurrencies and allows you to use a credit or debit card to fund your account.
Positioned amongst the top ten most popular cryptocurrencies in the world, EOS is relatively easy to buy, since it is available on numerous exchanges and other locations. Before you choose one platform over another, remember to consider the main purpose for your purchase.
Different cryptocurrency exchanges offer a range of services and options, but not all might be suited to your needs. For example, a novice trader would be better off using a brokerage service, since this provides the simplest and fastest way to buy EOS. However, brokerage services are usually more expensive than normal platforms.
On the other hand, using an advanced trading platform might provide you with in-depth analysis tools and charting indicators, however, if you do not need such features you might end up paying for them.
Being aware of different platforms’ pros and cons is important to make an informed decision. If you are simply buying EOS to own the cryptocurrency, you might find that an independent broker might be better suited to your needs. Such brokers normally charge lower fees, since they do not invest heavily in security and functionality as reputable cryptocurrency exchanges normally do.
Without EOS ATMs, your options to buy this cryptocurrency with cash are extremely limited. The best solution is to locate an EOS seller or broker online and negotiate a sale in cash. Naturally, you would need to locate someone who lives in your general area, which can be difficult, especially if you live far from a metropolitan area. If you do decide to buy EOS with cash, make sure that the transaction is completed while you are still with the seller in order to avoid scams.
Buying EOS or getting it as a promotional gift are only two ways to get hold of the cryptocurrency. Another popular option is to use a cryptocurrency exchange to trade EOS. Almost all reputable exchange platforms allow you to trade EOS for another cryptocurrency, with some exceptions.
As one of the largest and most popular cryptocurrency exchanges in the world, Binance is a preferred option for crypto to crypto trades. Until very recently, the exchange only supported such transactions, although lately it introduced the option of using card payments as well. Nevertheless, with over 450 different cryptocurrencies to choose from, Binance is your best platform for trading EOS with Monero, Cardano, XRP, and a host of other digital currencies.
Before you can open an account with a cryptocurrency exchange or trading platform you need to be aware of certain geographical restrictions around the world. Cryptocurrencies are still illegal or restricted in certain countries, so platforms ban users from those countries in order to maintain their operating licences. In other cases, platform owners decide to ban or limit users from other countries based on internal policies, which could relate to risk any other factor.
Perhaps surprisingly, US users are not allowed to open an account on several major platforms. While trading cryptocurrencies is permitted in the country, trading CFDs is not. As a result, trading platforms such as Plus500 and AvaTrade do not support US users. Binance, too, does not accept US users, but this will eventually change when the platform releases a product specifically for this market. Currently, users in the United States can buy EOS on Coinbase, Changelly, eToro, or several other platforms.
Buying EOS coins is only one way to make money off the currency’s price fluctuations. For professional traders, this method is inefficient and expensive, since most cryptocurrency exchanges are not geared towards high volume traders. As a result, those looking to invest in cryptocurrency consider EOS CFDs to be a way to generate a profit both when the price increases and decreases.
By trading EOS CFDs on a variety of trading platforms such as Plus500 and eToro, traders get access to leverage, which allows them to open larger positions than they could otherwise open. This means that you can sometimes invest 10x your capital or even more, and benefit from larger returns.
Nevertheless, trading EOS CFDs does involve risks which all traders should be aware of. Due to the nature of leverage trading, any potential losses are magnified, just as gains, so you might end up losing a higher percentage of your investment capital. You should only invest in EOS CFDs if you understand these risks and can afford to lose part of or all your investment.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Storing EOS securely means owning a cryptocurrency wallet capable of preventing unauthorised access and other online attacks. The best type of wallet to achieve this is a hardware wallet, such as the Ledger Nano X. Sometimes referred to as cold storage device, these wallets are portable digital devices which fit in your pocket. They offer superior security since they are not continuously connected to a live network, so it is almost impossible to hack them remotely.
If you decide to trade EOS CFDs you needn’t concern yourself with storing the cryptocurrency since trading CFDs does not involve buying the underlying asset. When you trade CFDs, all important information is stored securely on the trading platform, so you can focus solely on developing your trading strategy.