How To Buy EOS (EOS) With Credit Card, Debit Card, Paypal & eWallets

This is a beginner’s guide on how to buy EOS coin (EOS). Here, you’ll learn how, and where to buy EOS. Also, learn about the best brokers and exchanges to invest in, and the secure payment methods including PayPal and credit cards.

Author: Edith Reads   -   Last updated: 17/07/2022
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Introduction

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.

Top Five Platforms Where To Buy EOS (EOS) in 2022

  • Min Deposit: $200
  • Number of Coins: 20+
  • Supports Multiple Languages
  • Regulated by FCA, ASIC & CySEC
  • Paypal, Debit & Credit Card Accepted
Card CashBankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Visit eToro

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  • Min Deposit: 20 $£€
  • Number of Coins: 12+
  • Regulated by FCA & CySEC
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
MastercardNetellerPayPalSkrillUnionPayVisaWire Card
Visit Capital.com

81.4% of retail cfd accounts lose money

  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Regulated by SEC, & FinCEN
  • Place Buy & Sell CFDs Orders
  • Low Minimum Deposit
Giro PayMastercardNetellerSkrillUnionPayVisaYandex
Visit Coinbase

Capital At Risk

  • Min Deposit: 1 $£€
  • Number of Coins: 1500+
  • High Number of Coins
  • Accepts Fiat Deposits
  • Trade on Spot and Futures
Card CashMastercardSkrillWire Card
Visit Binance

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  • Min Deposit: 1 $£€
  • Number of Coins: 50+
  • Highly transparent exchange
  • Competitive Bitcoin trading fees
  • Highly secure
Card CashGiro PayMastercardUnionPayVisa
Visit Kraken

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How to Buy EOS Instantly in Three Quick Steps

Step 1:  Create an account

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.

Step 2: Fund account

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.

Step 3:  Buy EOS (with or without leverage)

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.

Step One
Open A Free Account
eToro Logo
Step Two
Deposit Funds
Card CashBankGiro PayMastercardNetellerPayPalSkrillUnionPayVisaWire CardYandex
Step Three
Buy Cryptocurrency
Buy Now

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What is EOS (EOS)

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.

How is EOS (EOS) Different or Similar to Bitcoins?

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.

  • Design and purpose: Bitcoin is designed to serve as a replacement to the fiat currency – as a store of value and a medium of exchange. EOS is, on the other hand, designed to provide a platform on which commercial enterprises can launch and host smart contract-capable decentralized applications.
  • Transaction speeds: EOS claims that through parallel execution and asynchronous communication model, it is able to process millions of transactions per second compared to bitcoin’s maximum 7 transactions per second.
  • Scalability: EOS claims that it can host numerous DApps, each being used by thousands of users simultaneously without affecting the transaction speed of the DApp or the blockchain network. The same, however, cannot be said of Bitcoins whose transactions can remain in a queue for hours.
  • Block generation: Bitcoins are mined by a decentralized team of block generators who compete to validate and confirm transactions.  On the EOS blockchain, however, blocks are created by a specific group of block generators and there is no competition as each is assured of generating a specific block. Additionally, block generation time on the Bitcoin blockchain averages 10 minutes while a block is mined every two seconds on the EOS network.
  • Consensus algorithm: Bitcoin blockchain uses the proof of work consensus mechanism. The EOS network, on the other hand, embraces the delegated proof of stake consensus mechanism.

EOS (EOS) Historical Price Performance

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 (EOS) Price History Chart

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.

What Factors Influence EOS (EOS) Prices?

  • Adoption: As it stands, EOS is one of the most used blockchain technologies today. This has had a significant impact on its prices as each adoption, partnership, or endorsement by a major mainstream institution adds to its credibility and gives its token prices a boost.
  • Crypto market performance: Looking at the EOS token’s history, you will see the impact that crypto market rallies and dips have had on its prices. Moving forward, this is expected to continue – implying that a healthy crypto market will lead to better EOS token prices and vice versa.
  • Regulations: EOS is not immune to the proposed crypto industry regulations. If they affect the crypto industry positively, we expect EOS token prices to rise, and vice versa.
  • Bitcoin price action: EOS token value and price action are highly correlated to that of Bitcoins. When Bitcoin prices rise, EOS is also likely to rise. With upcoming upgrades to Bitcoin blockchain and halving events in the future, we expect EOS token prices to move in sync with BTC prices.

Ways to Invest in EOS (EOS)

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.

Buy and Hold (Long-term)

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.

EOS CFD Trading

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 EOS

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.

Staking EOS

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.

How to Buy EOS (EOS) Guide

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.

Buy EOS (EOS) With a Credit Card Or a Debit Card

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.

Buy EOS (EOS) With PayPal

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.

Buy EOS (EOS) With eWallets (Skrill, Neteller)

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.

Buy EOS (EOS) with Bank Wire

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.

Buy EOS (EOS) Anonymously (Without ID Verification):

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.

What are the Pros and Cons of Buying EOS (EOS)?

Pros

  • Potent for massive profitability: At the moment EOS has posted a net ROI of 258.86% and experts are confident that it will sustain this winning streak moving forward, presenting investors with a chance to score massive profits over time.
  • Lowly priced: EOS tokens are currently trading at relatively low prices – implying that they have a huge potential for upward price movement – especially when you take to account its scalability.
  • Low transaction fees: EOS investments, unlike Ethereum or Bitcoin, carry relatively low fees.
  • Multiple investment options: You have the option of buying EOS tokens or day trading such altcoin derivatives as EOS CFDs.
  • Growing acceptance and adoption: Cryptocurrencies are still a new investment concept but their adoption and acceptance as a medium of exchange is growing fast. And as it accelerates, the demand for EOS tokens rises which in turn raises the EOS token prices.

Cons

  • Highly volatile: EOS token prices are volatile, unpredictable and expose traders to deep corrections that have the potent of shrinking your crypto portfolio massively.
  • Limited acceptance: EOS, unlike Bitcoin, is still not largely accepted as a medium of exchange or store of value. There is, therefore, a limited number of ways in which you can use EOS tokens today.
  • Hacking and other security threats: Your EOS, like most other crypto investments, are prone to hacking and similar security breaches.

What do You Need before You Buy EOS (EOS)?

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.

  • A trader account: You will need a crypto trading account with a crypto exchange or brokerage that supports EOS trading. This could be a brokerage if you are looking to invest in EOS CFDs or a fully-fledged exchange if you are looking to buy EOS tokens.
  • Investment capital: You will then need to carve a section of your investment portfolio and direct it to EOS trading. Heads up – you will need a significantly deeper deposit if buying actual EOS tokens and relatively smaller trading capital if investing in EOS CFDs.
  • EOS wallet: If you are going to invest in EOS CFDs, you will need to first acquire a wallet to hold your EOS tokens. There typically are three types of crypto wallets available today – mobile and desktop app wallets that are considered to be least safe, in-exchange wallets provided for free by crypto trading platforms and considered to be relatively safe, or premium hardware wallets that provide the safest storage for your crypto.

How Much do You Need to Buy EOS (EOS)?

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.

Where Can You Buy EOS (EOS) Today?

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.

What to Look for in an EOS (EOS) Trading Platform?

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.

  • Trading fees: Check both the trading (spreads and per transaction charges) and non-trading (deposit, withdrawal, currency conversion) fees charged by the trading platform. Vet the impact they have on the profitability of your EOS trades and only go for the platform with low trading costs.
  • Supported payment methods: You will also want to only register with a trading platform that supports a deposit/withdrawal method that is easily accessible and convenient for you.
  • Beginner friendliness: You do not want to interact with a complex and not-so-easy-to-use trading platform – regardless of your trading experience. Therefore, ensure that your trading platform has an interactive and easily navigable user interface before signing up.
  • Reputation: How does the platform relate to its users? Has it ever been hacked? Does it have a history of blocking user accounts arbitrarily, withholding client funds, or maintaining hidden fees? Go through the different user reviews of the exchange and ensure that you only register with the most reputable crypto exchange/brokerage.
  • Regulation: It pays to register an account with a registered and regulated exchange. This way you know that it is legit and in some countries, that your deposit is insured by the government.

1. eToro – Best for Social Trading

Available Coins: 20+
Margin Trading: YES
Minimum Deposit: $200
Visit eToro

Capital At Risk

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.

What are the Pros and Cons of Buying EOS (EOS) on eToro?

Pros

  • Free EOS wallet: eToro provides its platform users with a free in-exchange wallet that stores EOS purchases in offline vaults on their behalf. And if you want more access and control over your coins, they provide you with the free and non-custodial eToro mobile wallet app.
  • Insured deposits: Residents of different countries have their deposits insured. In the US, eToro client deposits are insured with the FDIC for up to $250,000.  In the UK, client deposits of up to £85,000 are insured with the FSCS. European and Australian client deposits are insured by the Lloyds of London with covers of up to AUD/EUR 1 million.
  • User-friendly trading interface: eToro maintains a decongested, highly navigable, and easy-to-interact with a user interface that appeals to both beginner and expert traders.
  • Leveraged multi-directional trading: When leverage trading EOS CFDs on eToro, you have the option of opening a long (buy) or short (sell) order. The leverage lets open large EOS trades with minimal deposits while long/short orders let you profit from both uptrending and down-trending EOS price action.

Cons

  • High non-trading fees: eToro, unlike most other crypto trading platforms, maintains relatively high non-trading fees. These include withdrawal processing fees and a currency conversion fee.
  • Limited support: To access the eToro customer service desk via the relatively faster client support options like live chat or phone, you will first need to subscribe for the paid eToro club membership.
  • One base currency: eToro has one base currency – USD – all non-USD deposits will, therefore, be subjected to a 2% currency conversion fee.

How to Buy EOS (EOS) on eToro – Step By Step Guide

  1. On your browser, open the official eToro website and click on the “Join Now” icon.
    eToro Homepage Screenshot
  2. Complete the user registration form and proceed to verify your identity (it will take a few days to have the account approved).
    Register at eToro
  3. Once the account is approved, log in and on your user dashboard, click on the “Trade Markets” tab. Under the crypto option, choose to buy EOS.
    Select to Buy EOS (EOS)
  4. You will now be redirected to the trading page where you are required to customize the trade by entering the number of EOS tokens you wish to buy and clicking on the “Open Trade” button.
    Open Trade to Add EOS (EOS)
  5. Based on your country of residence, eToro will furnish you with different payment methods to complete the trade. The most common ways are to buy EOS with a  credit card, or a debit card, bank wire, eWallets, and PayPal.
  6. We choose to pay with a  credit card, or a debit card (for illustration purposes only). Enter your card details – such as your name, card number, CVV number, and expiry date.
    Fund Account with Credit Card
  7. Hit the “Open Trade” button to authorize the EOS token purchase.
    Note: The names on the card must be similar to the names used to create the trader account for the transaction to go through.

2. Capital.com – Best for CFD Trading

Available Coins: 12+
Margin Trading: YES
Minimum Deposit: 20 $£€
Visit Capital.com

81.4% of retail cfd accounts lose money

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.

Pros and Cons of Buying EOS (EOS) on Capital.com

Pros

  • Multidirectional trade: Since you are buying EOS CFDs, you have the option of going long or short on the trade and profiting from both EOS price gains and losses.
  • Access to leverage: Captal.com lets EOS CFD traders have access to leverage (borrowed funds) of up to 2X their trading capital.
  • Responsive support: Capital.com maintains a highly responsive customer support team – available online and on phone.
  • Transparent fees: Capital.com does not have hidden fees. It maintains one of the most transparent fee systems that let you know of the total charges acting on your trade before you press the buy/sell EOS button.

Cons

  • Not available in the US and UK: In both countries, the financial regulators have banned the promotion and sale of Crypto CFD services to retail clients.
  • Overwhelming: The AI-powered trading platform could be overwhelming to newbie traders
  • No ownership: When you buy EOS CFDs on Capital.com, you do not get to own the underlying crypto asset or take possession of the EOS private keys.

How to Buy EOS (EOS) on Capital.com – Step By Step Guide

  1. Open the official Capirtal.com website and click on the “Trade Now” button.
  2. Step 2: Complete the user registration form and verify your identity (mandatory) by furnishing the brokerage with a copy of your government-issued identification document.
    Signup at Capital.com
  3. Once the account is approved, log in and click on the “Deposit” tab on the user dashboard.
  4. Capital.com will present you with a range of payment methods based on your country of residence. Choose one and follow the prompts to fund the trading account.
    Select Payment Method to buy EOS (EOS)
  5. Use the search section of the dashboard to search for the support EOS CFD trading pairs. Click on the one you wish to trade.
    Select EOS (EOS)
  6. Using the trade menu to the right of the dashboard and computer screen, customize the trade by descending if you wish to open a buy or sell order, set the trade amounts, maximum leverage needed, stop loss, and take profit levels.
    Select EOS (EOS) Trade Amount
  7. Review the transaction details, especially the transaction fees and overnight charges, and press the Buy/Sell button to open the position.

3. Coinbase – Best for Beginners

Available Coins: 50+
Margin Trading: No
Minimum Deposit: 1 $£€
Visit Coinbase

Capital At Risk

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.

Pros and Cons of Buying EOS (EOS) on Coinbase

Pros

  • Safe and insured assets: Coinbase stores 98% of client digital assets in ultra-secure offline vaults. It then ensures the 2% that remains in hot wallets. Further, Coinbase US users have their deposits of up to $250,000 insured by the FDIC.
  • Low trading limits: You can buy EOS on Coinbase for as little as $2.
  • Liquid platform: Coinbase is one of the most popular and one of the most liquid trading platforms – implying that even the largest EOS buy/sell orders fill out fast.
  • Multi-platform trader: You can buy EOS on Coinbase mobile app just as easily as you would buy some on the web trader.

Cons

  • High fees and complex structure: Coinbase maintains relatively high crypto trading fees than its competitors. One may also find their fee structure for crypto purchases to be quite complex.
  • Privacy concerns: Because of dalliance with the authorities, Coinbase has long been accused of infringing on its client’s privacy rights and snooping on their crypto transactions.

How to Buy EOS (EOS) on Coinbase – Step By Step Guide

  1. On your browser, open the official Coinbase website and click on the “Open Account” tab. Complete the registration form and verify your identity (mandatory).
    Coinbase homepage screenshot
  2. Log in to your approved crypto trading article and click on the “Portfolio” tab on the user dashboard click “Deposit Funds.” The exchange will present you with payment methods available in your country of residence. Choose one and follow the prompts to complete the deposit.
    Deposit Funds to buy EOS (EOS)
  3. Click on the “BUY/SELL” icon on the user dashboard and then select “EOS” from the list of cryptocurrencies supported by Coinbase.
    Select EOS (EOS)
  4. Customize the trade by entering the amount of “EOS” you would like to buy.
  5. Tap on the “Buy EOS” tab to complete the transaction.

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.

4. Binance – Best for Low Fees

Available Coins: 1500+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Binance

Capital At Risk

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.

Pros and Cons of Buying EOS (EOS) on Binance

Pros

  • Secure and insured: Binance is one of the most secure crypto trading exchanges. It stores client accounts in ultra-secure offline vaults and has also come up with an in-house insurance fund for compensating its clients in case of a security breach or winding down.
  • Free EOS wallet: When you buy EOS on Binance, the tokens are stored in the free custodial Binance wallet. But you can easily move them to the free and non-custodial Trust mobile wallet app provided by the exchange.
  • Low and transparent fees: Binance maintains the lowest crypto trading fees of any exchange. It also maintains a transparent fee structure and lets you of the total trading costs before you press the buy/sell button.
  • Deep liquidity and fast transaction speeds: Binance has consistently topped the list of most liquid exchanges in the world. Your EOS buy and sell orders will, therefore, be filled fast on the exchange.

Cons

  • The platform may overwhelm novice traders: Binance is not as beginner-friendly as its competitors and can overwhelm a novice EOS investor.
  • Limited payment methods: Unlike other trading platforms that present with multiple deposit/withdrawal methods, you can only buy EOS with card on Binance.

How to Buy EOS (EOS) on Binance – Step By Step Guide

  1. On your browser, open the official Binance website and click on the “Register Now” button.
    Binance Homepage Screenshot
  2. Complete the registration form and verify your identity.
    Create Account at Binance
  3. Log in to your approved Binance trader account. On the drop-down menu of the ‘Buy Crypto’ tab, select “Third Party Exchange” if you wish to buy EOS with cash on Binance.
  4. You will be directed to the trade tab. Enter the amount of EOS you want to buy and your preferred fiat currency. Binance will then provide you with a list of all integrated third-party exchanges that let you buy EOS with cash. Choose the one with the lowest rates after which you will be directed to their website to complete the transaction.
    Select Payment method to buy EOS (EOS)
  5. Alternatively, and if you want to buy EOS anonymously on Binance, deposit another cryptocurrency directly into your Binance exchange wallet and use the convert option provided by the platform to convert this crypto to EOS.

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.

5. Kraken – Best for Safe EOS (EOS) Storage

Available Coins: 50+
Margin Trading: YES
Minimum Deposit: 1 $£€
Visit Kraken

Capital At Risk

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.

Pros and Cons of Buying EOS (EOS) on Kraken

Pros

  • Multi-platform exchange: Kraken presents you with different and highly intuitive platforms when you can buy EOS. These include the Kraken web trader and Kraken mobile app as well as Kraken PRO.
  • Low and transparent fees: Kraken maintains relatively low trading fees and has a highly transparent fee structure.
  • Low deposit and trading minimums: Kraken lets investors/traders open a trade with as little as $1, effectively making it a rather beginner-friendly trading platform.
  • Access to demo account: Kraken platform gives traders access to a demo account that they can use to practice trading futures.

Cons

  • No wallet services: Kraken will store the purchased EOS in the Kraken exchange wallet. But unlike all major exchanges that provide free non-custodial wallet services, Kraken doesn’t.
  • Limited payment options: One may consider the payment methods supported by Kraken to be quite limiting.

How to Buy EOS (EOS) on Kraken – Step By Step Guide

  1. Open the Kraken official website and click on the “Create Account” icon on the upper right corner of the screen.
    Kraken Homepage
  2. Complete the user registration form required and choose the account verification level and submit the relevant identity verification documents. This could be starter level, Intermediate level, or PRO level.
    Select Account Type
  3. Log in to your approved Kraken exchange account, click on the “Funding” tab, and choose the fiat currency you wish to use for the deposit.
    Fund Account to Buy EOS (EOS)
  4. Click on the “Trade” tab on your user dashboard and customize the buy EOS trade by deciding if it is a market or limit order, and the amount of EOS you wish to buy.
    Click Trade to buy EOS (EOS)
  5. Transactions on Kraken are almost instantaneous and the purchased EOS will be delivered to your Kraken exchange wallet from whence you can transfer them to a third party exchange or wallet.

Other Ways of Getting EOS (EOS)

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.

Gift or tip

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.

Through EOS faucets

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.

How can I use EOS (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.

HODL as a speculative asset

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.

Trade the altcoin

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.

Pay for goods and services

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.

Tip or gift to acquaintances or content creators online

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.

What do Reddit & Quora users say about Buying & Investing in EOS (EOS)?

Reddit

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.

EOS (EOS) Reddit Reviews

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.

Quora

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.

EOS (EOS) Quora Reviews

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.

Bottom Line

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.

Frequently Asked Questions (FAQs)

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.

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