You are here, probably because you are thinking about investing in EOS. Looking for extra guidance on how to buy the EOS (EOS) token in 2022? Searching for the best brokers to buy EOS instantly, learning how do you pay for it, or figuring out what you need before you can start buying EOS coins? This simple ‘How to Buy EOS Guide Will Help’.
Today, EOS is one of the most widely used blockchain technologies in the world. It has also performed exemplarily well in the past, has a net positive return on investment (ROI), and has quite a promising future. And all these have made the EOS token a must-have for most cryptocurrency investors and traders.
We will also tell you what to look for in an EOS trading platform, introduce you to the different ways to invest in EOS, the best EOS exchange, and more.
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You will need to start by creating a trading account with a cryptocurrency trading platform that supports EOS trading. This platform will typically ask for your personal details and identification documents. In most cases, the entire registration process takes no more than a few minutes but identity verification may take a few hours to a few days.
After the account has been approved, deposit cash into it so that you may use it to buy EOS. In most cases, the trading platform will support fiat cash deposits that can be made via such popular payment methods as a credit card or a debit card, bank wire, PayPal, and e Wallets (Skrill, Neteller).
We will be looking at the different ways to buy EOS with these payment methods below.
After creating a trader account and depositing funds into it, you can now start buying EOS. Note, however, that EOS comes available in two different forms. First, you could buy EOS without leverage and receive the private keys that give you ownership and control of these coins.
Alternatively, you could choose to buy EOS derivatives with leverage, especially CFDs and futures contracts. When you buy EOS CFDs, you never get the private keys for the crypto because you are essentially not buying actual tokens but betting on their possible price action.
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. And since you are only betting on the coin’s price movement, you could choose to go long (buy) or short (sell) on an EOS CFD trade.
The EOS.io website describes this technology as “a highly performant open-source blockchain platform, built to support and operate safe, compliant, and predictable digital infrastructures” This simply means that EOS is decentralized blockchain technology and a platform on which developers can build and launch decentralized apps (DApps) and protocols.
It is a smart-contract capable platform that embraces and seeks to improve Ethereum blockchain’s design by being more scalable, faster in transaction processing and eliminating transaction fees.
EOS has two core elements – the EOS.io blockchain system hosting the decentralized ledgers and the platform on which DApps are hosted and the native EOS tokens that facilitate transactions within the blockchain.
So, how does it work?
EOS is a developer-focused blockchain platform. It features the developer portal, which hosts all the tools needed by these programmers to create and successfully launch working and highly scalable commercial DApps, capable of processing millions of transactions per second. It even hosts tutorials that guide developers on how to interact with different tools on the platform. And to achieve this level of scalability, EOS claims to utilize parallel execution (using multiple CPUs to execute a single transaction) and asynchronous communication methodology throughout the network.
The blockchain was created by Block.One – a technology company founded by Brendan Blumer (CEO) and Daniel Larimer (CTO). Block.One was founded in 2016 and EOS.io was officially launched on 1st June 2018.
EOS and Bitcoin are both decentralized blockchain and cryptocurrency technologies. But that is as far as their similarity goes. The two blockchain technologies are quite different in design, purpose, and functionality. Here is a brief overview of their key differences.
Block.One ran the longest (one year) and arguably the most successful token sale to date – with investors committing about $4.1 Billion to the project. According to CoinMarketCap, EOS closed its first day of crypto market trading (2nd July 2017) valued at $2.71. Within a few hours, this price shot up and reached $4 before bottoming and hitting $0.48 (it’s current all-time low) by October 2017. The token would trade below $1 throughout the month and only start rallying in November alongside the entire crypto market.
EOS token price broke above $10 for the first time on 19th December 2017, before peaking at $16 on 13th January. As the rally momentum died down, EOS token prices corrected downwards and dropped to $4 by mid-March 2018. But as the crypto markets drowned further and cryptocurrency prices crashed, EOS embarked on yet another – and its most spirited – rally yet, which saw it set its current all-time high of $22.89 on 29th April 2018.
Much of this rally was occasioned by the nearing conclusion of the year-long token sale and reports about the record-breaking figures earned during the sale. But as soon as the sale closed, the EOS coin prices started falling fast and by December 2018, it was trading well below $2. From 2019 to the first quarter of 2021, the EOS coin struggled with the low prices and found it especially hard to break above $8.
Nevertheless, it started rallying in February 2021 and rose to reach $14.88 on 12th May – at the height of the early 2021 crypto market rally. For the last 30 days, the EOS coin has been trading between $4.80 and $3.20. It is currently ranked #26 on CoinMarketCap’s list of largest cryptocurrencies and has a live market cap of $3.5 Billion – with a circulating supply of 955.25 million EOS tokens.
How do you invest in EOS? After understanding what EOS is and how it works, we now need to learn how to invest the tokens. And here are the four most popular ways of investing in EOS tokens today.
EOS tokens have a net positive return on investment (ROI) and experts are convinced that it has what it takes to sustain an uptrend over the long term. If you believe that EOS prices will continue rising and reach unimaginable highs in the future, you may then choose to buy EOS coins and hold on to them for the long term with the hopes of selling them when their value eventually rises exponentially.
You can also choose to buy EOS CFDs instead. Unlike buying and holding that involves talking ownership of EOS tokens via their private keys and holding on to them for a lifetime, investing in EOS CFDs involves speculating on the price movement of the altcoin. It is a form of derivative trading that lets you bet on the next price action of the EOS token and profit from both upward and down trending price movements.
Day trading is the opposite of a “buy and hold” investment strategy. As the name suggests, Day trading involves opening multiple buy-and-sell orders involving EOS throughout the day and ensuring that you close all trades at the end of the day/your trading session. Day traders do not leave any open positions overnight. And when day trading, you may choose to buy and sell actual EOS tokens through a crypto exchange or EOS CFDs through a crypto brokerage.
We now are living in the age of Decentralised Finance (Defi) which has made staking most cryptocurrencies possible. Today, there are multiple Defi platforms that will let you stake your EOS token and reward you with interest – in the form of even more EOS tokens. Unlike day trading, which involves actively monitoring the market, staking is passive. It is best combined with the buy and hold investment strategy to allow holders to earn double rewards – from value appreciation when the altcoin’s value goes up and the staking interest.
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. How do you pay for these EOS tokens? In this case, we need to look at the different ways to buy EOS tokens.
You can buy EOS with a credit card, or you can buy EOS with a debit card on eToro. The service is available in countries where eToro has an established presence and currently ranks as one of the best ways of buying EOS on the platform. Most traders prefer using cards to buy EOS because they are easily accessible, the payment transfer is instantaneous, and the network maintains competitive transaction fees.
On eToro, you will not be charged a deposit processing fee when you buy EOS with a credit card or buy EOS with a debit card. You will only have to part the payment processing fee charged by your card provider.
PayPal is one of the most convenient online payment methods and different crypto trading platforms – like eToro – make it possible for you to buy EOS using PayPal. The payment method is preferred by most trading platforms because of the convenience it offers traders. It is accessible, is easy to use, and charges relatively low trading fees.
When buying EOS on eToro with PayPal, the crypto brokerage won’t charge you deposit processing fees. But the service is only available in countries where both eToro and PayPal have an established presence.
You can also buy EOS with eWallets (Skrill, Neteller) on multiple crypto trading platforms – especially on eToro. Like PayPal, eWallets are a favorite payment method for most crypto traders and investors. They are preferred because of their accessibility and convenience. Payment processing for eWallets, for instance, is almost instantaneous.
They are also quite user-friendly and maintain very low transaction processing fees. And when buying EOS with eWallets (Skrill, Neteller) on eToro, the broker doesn’t impose further deposit processing fees. However, the PayPal deposit option is not available to everyone, only in countries where both eToro and the preferred eWallets have an established presence.
Banks are arguably the most accessible payment method. Unlike eWallets that 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.
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, 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.
You can buy EOS anonymously (without ID verification) on eToro today. But, the minimum you can deposit into an unverified eToro trading account is $2250 and possible wins from such a trade cannot be withdrawn before the identity of the account holder is verified.
Before you can invest in EOS or any other cryptocurrency for that matter, you need to gather as much information about it as possible. You need to know how it works, factors influencing its prices, it future projections, and if it fits in your investment goals. Then arm yourself with the following to complete the purchase of the first altcoin.
There is no standard investment limit when it comes to crypto investing. The minimum is often determined by your preferred crypto trading platform. eToro, for instance, requires a minimum of $25 for you to open an EOS trade. And there also is no standard maximum because some exchanges let you buy as much as $100 million worth of crypto.
The amount of investment should, however, be guided by such factors as your investment goal, your crypto trading experience, the type of investment, and your risk tolerance. Above all, you should never invest more than you are willing and can afford to lose.
If you are new to crypto investing, you should consider engaging professional crypto traders/investors, let them hold your hand, and help you manage the investment risk.
Because of the popularity and the hype with which EOS hit the ground running, it was quickly picked up by most crypto trading exchanges and brokerages. Today, it is one of the most accessible cryptocurrencies, which also makes it one of the easiest cryptocurrencies to buy. It is currently available both as an actual crypto token and also as an EOS derivative, especially the EOS CFD availed on brokerages like eToro and EOS futures available on Binance.
Today, you can buy either form of EOS on cryptocurrency exchanges like Binance and Coinbase, Crypto brokerages like Capital.com, or in hybrid trading platforms like eToro that let you buy both actual EOS tokens and margin traded EOS tokens.
We have said that EOS is listed on a wide range of exchanges, brokerages, and peer-to-peer trading platforms. How then do you tell which is the best place to buy EOS coins? And what do you pay attention to when looking for the best place to buy EOS globally? We have come up with a few factors that you must consider when vetting trading platforms that list EOS.
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eToro makes it to the top of our list of the best places to buy EOS today because of its highly intuitive user interface and its all-popular social trading feature. The social trading feature, especially makes it the most beginner-friendly trading platform because it lets novice crypto traders learn about EOS investments as they earn by way of copying winning trades from highly successful crypto traders.
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. Actual tokens are primarily available to residents of countries that have already banned crypto CFD trading, such as the UK and the US. The platform and its service are nevertheless available in 140+ countries and territories across the world.
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.
Supported deposit and withdrawal options include PayPal, a credit card, a debit card, bank wire, and eWallets like Skrill, and Neteller. The minimum trade limit is $25.
Other factors that help eToro stand out as the best place to buy EOS globally include the fact that it maintains a rather transparent fee structure, it is a highly regulated crypto brokerage, and that it provides all users with a demo account for practice trading.
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Capital.com is a renowned forex and crypto CFD trading platform and one of the best places to buy EOS CFDs. It makes it to our list of the best places to buy EOS because of its highly advanced trading platform. It stands out because of its one-click technology and the integration of AI in online crypto trading, which provides you with personalized trading insights based on your past interaction with the platform.
At the moment, Capital.com allows you to trade two EOS pairs – EOS/USD and EOS/BTC. And to get started, you first need to create a user account and verify your identity is an easy and straightforward process. If you are new to crypto CFD trading, Capital.com will provide you a demo account to practice trading. Experienced traders also have access to the demo account and use it to test out different trading strategies.
You then need to deposit funds into the account before you can start trading. The deposit methods availed to you will depend on your country of residence but the most common are using a credit card to buy EOS, a debit card, bank wire, Apple Pay, WorldPay, RBS, and Trustly.
Available Coins: 50+Margin Trading: NoMinimum Deposit: 1 $£€Visit Coinbase
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Coinbase is undeniably the most user-friendly crypto exchange. It was established in 2012 and has over the years experimented on different strategies aimed at making the process of buying EOS and other crypto on the platform as straightforward and beginner-friendly as possible. Today, it has introduced the instant buy feature that lets you buy EOS tokens in just a few steps.
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.
You then need to deposit into Coinbase using the supported payment methods – based on your country of residence. These may include using a credit card, a debit card, PayPal, eWallets (Skrill, Neteller), ACH (US Resident), Faster Payments (UK residents), SEPA, and Ideal/Sofort (Europe residents), and wire transfer.
Coinbase will also provide you with a free in-exchange as well as a custodial mobile wallet app for holding the purchased EOS tokens. Other factors that stand out with the crypto exchange are that it is highly regulated, highly reputable, and maintains beginner-friendly minimum deposit and trading limits.
Note: The name on your preferred payment method must match the names used to create the account for the deposit to go through. Once purchased, the cryptocurrency will be deposited in the in-exchange wallet but can be easily moved to the free and non-custodial Coinbase wallet app, from whence it may be moved to other exchanges and wallets.
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We also include Binance on our list of best places to buy EOS today because of its affordability and by virtue of being one of the largest crypto exchanges by volume and number of registered users in the world. Here, you can buy EOS tokens and EOS futures contracts. The transaction fees on Binance are based on your monthly trading volume (in BTC) and range from 0.1% to 0.02% for spot trading and 0.02% to 0.00% for futures contracts. And if you choose to pay this fee using BNB coins, you will be offered a 25% discount.
Binance is available in 200+ countries and territories across the world and this massive subscriber base goes to say that the exchange is liquid and EOS orders are filled fast. And you get to buy EOS on Binance web trader, its desktop app, and also on the mobile app.
When you buy EOS on Binance, these digital assets will be stored in their custodial in-exchange wallet. But you are free to move them to the Binance-linked Trust Mobile wallet app or any other third-party wallet or exchange.
Note, however, that there are limited ways of buying EOS on Binance, You could choose to use the most common “Buy With card” option, prefer to buy EOS via integrated fiat to crypto exchanges, or on the newly created Binance peer-to-peer trading platform that supports multiple localized payment methods – based on your country of residence.
Other factors that help Binance stand out and make it to our list of best platforms to buy EOS include the affordably low minimum trading limit – just $1, solid reputation, and the fact that it lets its users in select countries buy EOS anonymously (without ID verification). It even provides futures contracts traders with a demo account for practice trading.
Note: In either purchase process, the purchased EOS will be delivered to your Binance exchange wallet. You are, however, free to transfer it to other third-party wallets of exchanges from here.
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Kraken is a highly reputable crypto exchange that launched in 2013. It stands out among its peers because of its support of a wide range of coins – including EOS -, its competitive crypto trading fees, and above all, its commitment towards the safety and security of client deposits and personal information. 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.
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.
The most common way of accessing EOS tokens – and virtually all other cryptocurrencies – has been buying them at an exchange, at an Initial Coin Offering (ICO), or from miners. But there are several other not-so-common ways of getting access to EOS coins. Here are three.
EOS is one of the most popular and one of the most traded cryptocurrencies around. It, therefore, shouldn’t come as a surprise if a crypto investor friend or acquaintance gifts you or offers you a tip in the form of EOS coins.
Faucets are websites and other income-generating platforms that pay users for participating in different activities and completing different tasks. Most of these activities and tasks are micro, require zero to basic skills, and take no more than a few minutes to complete.
They often range from watching marketing videos, playing video games online, participating in marketing surveys, clicking on affiliate links completing puzzles, etc. These typically pay in fiat currencies but with the increased crypto penetration, you will often see some that reward contributors with such cryptocurrencies as EOS.
Thus far, we have learned how to buy EOS tokens on different exchanges and brokerages and alternative ways of getting EOS. But what do you do with EOS coins after acquiring them? We explore the five most viable ways of putting your EOS assets into use.
Long-term crypto investors will most likely choose to hold on to these coins for the long haul in anticipation of their eventual unprecedented price jump. They are convinced that EOS prices will rebound and continue rising in the foreseeable future.
Short-term traders may also choose to leverage the altcoin’s volatile price movements by trading the coin in the open market. These can be swing traders and position traders who time short-term rallies and dips or day traders who make multiple trades throughout the day.
EOS, unlike Bitcoin or Ethereum, hasn’t really been picked by the crypto community as a store of value or a medium of exchange. But it is as fungible (ability to be interchanged for other assets/goods/services) as most of the popular cryptocurrencies. Most people will, therefore, gladly accept EOS as payment for goods and services.
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.
You could also offer your friends and acquaintances EOS as gifts and tips. Today, most creatives online have embraced crypto and embedded tip jars that accept such cryptocurrencies as EOS on their websites and platforms.
EOS crypto token has a vibrant subreddit on this platform, which has positioned itself as the hub for all things cryptocurrency. News and major announcements about EOS are made here and rumors are discussed within the comment section.
At the moment, the hottest topics of discussion about the coin typically relate to its most recent price action and its future prospects. You will find multiple EOS price predictions here and a few heated debates on the sustainability of both the EOS blockchain and EOS token. There also are several highly informative articles and guides about EOS that could help you get a better understating of the crypto project, its vision, and mission.
There currently isn’t anything exciting going on within the EOS blockchain. Therefore just like on Reddit most topics of discussion about EOS tend to revolve around its price action – current, past, and future.
The Quora community interested in the crypto project wants to know if the EOS token prices will rebound any time soon and the direction they are most likely to take in the future. They want to know if EOS is a good long time investment and if both the blockchain and cryptocurrency have the potent of dethroning Ethereum as the leading smart contract capable blockchain.
Overall, the community seems optimistic about the EOS project and most contributors here believe that it will rebound and be valued way more in the future than it is today.
For close to a decade, cryptocurrency exchanges and other crypto trading platforms have been perfecting consciously experimenting on the easiest ways to buy cryptocurrencies. Today, it takes no more than a few minutes to buy EOS – and virtually any other cryptocurrency. They have also expanded on ways to buy EOS and currently support a wide range of payment methods.
Even more importantly, the market has removed most of the barriers to entry and currently requires minimal deposits, and gives users the ability to open a trade with as little as $1. The market is also more accommodative of beginners and this means that virtually anyone can buy EOS tokens today.
In this article, we have gone other everything you need to know before buying EOS globally. We ask that you go through this guide again, learn how to pick the best place to buy EOS for you, register an account with one of the recommended exchanges/brokerages, and begin your EOS investment journey.
EOS can be a good investment, but there are no guarantees. EOS is a relatively new cryptocurrency, and its potential as an investment depends on a number of factors, including the overall market conditions and how well it’s adopted by users and businesses. That said, if you’re interested in investing in EOS, it’s important to do your research first to understand the risks and potential rewards involved. And always remember to never invest more than you can afford to lose.
An EOS coin is a cryptocurrency token that is used to power the EOS blockchain platform. The EOS platform is designed to be a scalability solution for decentralized applications (dapps).
At the time of writing, 1 EOS is worth $0.9214.
Both EOS and Ethereum have their own unique advantages and benefits. In general, EOS is faster and more scalable than Ethereum, making it better suited for large-scale applications. However, Ethereum has a more established development community and ecosystem, so it may be better suited for certain types of projects. Ultimately, it depends on your specific needs and requirements.
Yes, it’s possible that EOS could reach $100. However, it’s important to keep in mind that cryptocurrency is incredibly volatile and prices can fluctuate rapidly. So while it’s certainly possible that EOS could reach this price point, there’s no guarantee that it will.
The future of the EOS coin is dependent on the success of the EOS blockchain. The EOS blockchain is a decentralized platform that enables developers to create dapps and smart contracts. So far, the EOS blockchain has been successful in attracting developer attention and has created a vibrant ecosystem. If the EOS blockchain can continue to grow and scale, then the EOS coin will likely have a bright future.
There are 936 million EOS coins in circulation at the time of writing
There are a few different ways to buy EOS cryptocurrency. You can use an online exchange such as the ones listed above, or you can use a peer-to-peer marketplace such as LocalBitcoins. You can also buy EOS on some decentralized exchanges.
Answer: Yes, you can buy EOS in the United States. You can purchase EOS on select exchanges including the ones listed above.
The EOS all time high is $22.89.