How To Buy EOS Cryptocurrency?
EOS is a utility cryptocurrency token that was released as an initial coin offering (ICO) by the company Block.one with the goal to raise funds for a blockchain application. The platform EOS.IO is due to be launched on June 1, 2018. The EOS utility tokens are distributed on the Ethereum blockchain. They provide both bandwidth and storage on the blockchain, in proportion to total stake (owning 1% of EOS tokens allows for usage of up to 1% of the total available bandwidth). EOS tokens also allow the owner to cast votes and participate in the on-chain governance of the blockchain, again in proportion to the owner’s stake.
How to buy EOS.IO Crypto Currency?
1. Buy EOS for another cryptocurrency. In most cases you can buy EOS for Bitcoin or Ether and you need to get either first. Coinbase is a good option. It is a large exchange and has a New York bit license. Coinbase is available in many countries and has convenient fiat currency deposit options like credit cards, for which the fee is 4%.
2. With the Bitcoin or Ether in your wallet, you can open an account in an exchange that offers trading in EOS. There are quite a few of those, actually. But the major ones are Kraken, Bitfinex, HitBTC, OKEx, GateIO, Binance. Bitfinex also offers trading on leverage of 1:3.3 and trading for fiat currencies, but does not accept US clients.
3. Transfer the Bitcoin or Ether to the exchange you chose and buy EOS. It is worth noting that most exchanges do not charge a deposit fee for crypto currencies, but there are some who do, so this could be one of the criteria for choosing an exchange.
4. Buy EOS on the exchange of your choice.
You can also buy EOS with fiat currency. There are several cryptocurrency exchanges where you can buy EOS for fiat currency, in case you don’t have Bitcoin or Ether and do not want to bother with opening numerous accounts and platforms. On Bitfinex you can buy EOS for USD, but as we already mentioned, the exchange stopped accepting US clients in November. Another option is Bithumb, but it is mostly targeting South Koreans and using it without a local bank account is next to impossible. Probably the easiest exchange to get EOS for fiat currencies is YoBit, which does not accept credit cards, but has numerous online payment platform options.
In theory, you can engage in trading on CFDs on EOS, instead of the coin itself, but there are no properly regulated forex brokers who offer such product, except AvaTrade. Normally, they concentrate on larger cryptocurrencies like Bitcoin and Ether. Some also offer Dash and Ripple, but seldom pay attention to other tokens.
If you want to store your EOS coins off exchange, you can use your own e-wallet. In theory any official Ethereum wallet should work, because the EOS tokens are distributed on this ledger. But there are a few bespoke wallets for EOS. One is an EOS wallet by Freewallet, which also has mobile applications. Another recommended wallet is Exodus, which does not have a mobile app, but allows users to view their funds neatly and which ones are worth the most.
How to buy Buy EOS Cryptocurrency Conclusion
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