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The very popular e-wallet is also a convenient and safe way to buy EOS. If you prefer to shop using a debit card, as many of us do, you will be pleased to know that you can buy EOS using Visa, MasterCard, and more. At this point, you will see that your newly purchased EOS coins are safe and sound in your eToro portfolio. Social trading platform and EOS provider eToro will allow you to buy EOS from $10. Each time you place an order you will be required to enter a stake value.
Its maximum price could go as high as $3.67, and the minimum could touch as low as $2.46. It rose to $14.9 on May 11 and has not been able to break above this resistance level so far. This is a great point you need to keep in mind if you want to add EOS to your investment portfolio. This is a good sign that you should not have any problem if you want to liquidate your position at any time.
Assess the personal level of risk
Desktop wallets reside on the desktop of your PC or Macbook and support Windows, macOS, and Linux operating systems. Many of these applications provide frequent updates to incorporate new blockchain features along with additional coin support. We’ve covered the basics of EOS, so now let’s get into why you’re here. In simpler terms, How to buy EOS EOS is an architecture that complements the Internet. It serves as a software that enables developers to build decentralized applications while utilizing blockchain technology. EOS network is built to meet the performance needs of decentralized applications in terms of interacting with millions of individuals at any given time.
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 hasn’t enjoyed the same level of success as other digital currencies in this space – at least in terms of its 2021 price action. However, EOS should be viewed as a long-term project and not a way to make quick and easy gains. After all, its underlying blockchain protocol is able to handle thousands of transactions per second – all of which are near-instant and fee-free. Nevertheless, if you want to buy EOS with a credit card, you can do this instantly at eToro. In this section of our detailed guide, we are going to discuss the best place to buy EOS as per your personal financial goals.
What to Remember Before Buying EOS
That said, EOS offers a valuable proposition and if its platform is utilised by many developers, then this should reflect positively on the price of the token. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 83% of retail investor accounts lose money when trading https://www.tokenexus.com/bitcoin-exchange/ CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. The popular online broker is user-friendly for beginners, and companies operating under such ruling offer protection against hackers and disingenuous brokers.
Purchasing EOS with PayPal can be difficult, however, as many exchanges don’t offer it as a payment option. If you have options you will need to choose one based on your priorities. Let’s look at some of the most popular payment methods step-by-step. While some countries offer a wide array of payment methods, others do not. Before buying EOS, you will need to consider the several different methods of buying and storing the cryptocurrency and choose the one that is right for you. If the 2FA option is enabled on your account, then you will receive a one-time password (OTP) which you will need to put in before your transaction is processed.
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Make sure you only deal with reputable buyers and sellers on these platforms. Before buying EOS, it’s worth doing some research to ensure that you make the best possible decision. On this page, you’ll discover everything you need to know about how to purchase EOS along with some important considerations to keep in mind. Furthermore, whilst not every broker accepts this payment method – eToro does.
- The best way to buy EOS is through a regulated platform like eToro.
- The launch of EOS on Ethereum was necessary because Block.One needed to conduct an ICO, which would help raise the funds needed to develop the EOSIO software.
- For US clients the broker is registered with financial authority FINRA.
- After signing up with regulated broker eToro, you can store your EOS coins at no extra cost, in a safe place.
- Just remember, in order to use your UK debit card to buy EOS, your chosen broker will need you to upload a copy of your passport or driver’s license.
There are no coins to move and all your transactions are executed in a split second on the broker’s trading platform. If stored in a digital wallet, you will need to send it to crypto exchanges first before you can sell EOS and this will incur fees. As brokers don’t involve the actual transfer of coins, deposit fees tend to be fewer than on exchanges. In some cases, brokers will offer no deposit fee whatsoever to encourage more clients to use the platform. Longer-term investors generally like to store their EOS in dedicated wallets, as leaving crypto coins on an exchange comes with a lot of risks.
This model is unique and does solve the issue of large transaction fees. However, it can provide a significant barrier to entry to small-time users who don’t have the resources to purchase enough EOS to leverage the power of the network. You can also buy EOS with a debit card or credit card using the Crypto.com app. This is processed instantly, but you’ll pay 2.99% for the convenience.
- In this comprehensive How to Buy EOS Guide, we walk you through all aspects of purchasing this popular digital asset.
- Bitfinex allows users to use either fiat currencies or cryptocurrencies.
- The number of EOS tokens you hold can be thought of as how much of the network’s resources you own and can use.
- If that is confusing then, probably the easiest thing to do is buy Bitcoin and then buy EOS with Bitcoin.