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When it comes to business programmers, EOS is focused on making decentralized applications easy to comprehend and more effective. Programmers and investors alike have been showing an increasing interest in EOS.
EOS could be a one-of-a-kind opportunity for anyone fascinated by decentralized technology and its applications, thanks to its unique architecture, increased attention to scalability difficulties, and user-friendly interface.
Do you want to learn more about how to purchase EOS? Our tutorial walks you through the elements that distinguish EOS from other altcoins, as well as provides basic instructions for adding EOS to your investment portfolio.
Table of Contents
Where to Buy EOS?
EOS is one of the most convenient altcoins some investors consider.
However, you can’t purchase EOS without a trustworthy platform that allows you to make your purchase. Therefore, you have to find the perfect one, which might help you register and buy the coins you want.
Considering the previously mentioned aspects, eToro could be the platform you’re looking for. This guide focuses on describing what you must do if you want to use it to buy EOS, so make sure you read carefully if you’re interested in purchasing this coin.
Step 1: Open an Account
First things first – you can’t use eToro to buy EOS if you don’t have an account. Therefore, go to eToro’s website.
It will require you to fill in only the basic information, which only takes a couple of minutes.
Just like registering for any other site, if you want to open an account with eToro, you have to fill out a form and add personal information.
Make sure you review the information you’re adding before clicking on ‘Create Account’ Moreover, you should also review the site’s Terms & Conditions and its policies.
Step 2: Upload ID
If you’re registering on a trading platform, you might want to make sure that it’s legit and that it offers you sturdy safety methods to keep your assets secure.
In this case, eToro is one of the safest sites you can trust because all its new users need to verify their identity. Therefore, you need to upload a valid ID, for example, your passport picture.
To complete your verification process, you must also upload a picture that confirms where you live. Thus, you might have to take a photo of one of your utility bills and add that too.
Step 3: Make a Deposit
If you already signed in and verified your account, you have to fund it before you buy EOS. This coin is quickly becoming one of the most relevant cryptocurrencies among programmers and investors because it focuses on making innovative decentralized apps.
To fund your account, just go to the ‘Deposit’ option and choose the specific features of how you want to invest your money, for example, the amount and payment method.
Step 4: Search for EOS
Your account should be ready to use, so you can go through eToro’s interface and examine all of its features. Once you finish exploring, search for EOS among its cryptocurrency options and decide how much of this coin you want to buy.
Step 5: Buy EOS
The last step in this process might be the most important one for you – buying EOS. You’ve made it this far, so now you can enjoy what eToro offers you in terms of features and prices and purchase this coin.
Even though the cryptocurrency world is immensely unpredictable, investors and programmers alike are interested in EOS because of its unique features. With eToro, it’s not too late to join them!
How to Buy EOS
When it comes to buying EOS, the best way is as follows:
- You need to get an EOS wallet
- C your EOS account
- Find an EOS address
- Sign up to a reputable crypto broker or exchange
- Fund your account
- Purchase EOS
- Withdraw your coins and store them safely in your wallet
How to Buy EOS with PayPal?
At the moment, there is no option to buy EOS with PayPal or cash. You could always purchase Bitcoin with PayPal or cash on specific exchanges and then trade these Bitcoins for EOS on your chosen exchange.
How to Buy EOS with Your Credit Card?
There is currently no method to purchase EOS with fiat currencies. The sole option is to utilize fiat currencies to buy Bitcoin or Ethereum on an exchange like eToro. Once you have Bitcoin or Ethereum, you can use them to purchase EOS on any of the major cryptocurrency exchanges.
CEX.IO and Coinbase are two exchanges that allow you to buy cryptocurrency with your credit or debit card. You can then transfer your Bitcoin or Ethereum to another crypto exchange, such as Binance, and use it to purchase EOS.
Safe Storage
After you’ve completed your purchase of EOS, you need to take steps to make sure that it is stored safely. Crypto wallets secure one’s assets in the event that an exchange goes bankrupt or is hacked.
It is always safer to keep your cryptocurrency in a wallet that you manage. A wallet is a piece of hardware or software that stores the private and public keys needed to conduct EOS transactions.
There are many different types of wallets in the industry. Web-based and mobile wallets are ideal for frequent transactions, whereas hardware wallets are suitable for long-term storage.
When choosing a wallet, you may want to think about the following factors:
- Price – It is a good idea to plan ahead of time if you’re going to get a hardware wallet. Top-of-the-line models can cost upwards of $100, while entry-level models are often around $50. Consider establishing a software wallet in the meantime if you want a free and quick way to keep your funds.
- Touchscreen access – Looking for a way to keep track of your pennies while on the road? Consider getting a wallet with a touchscreen or a screen built right into the gadget, which allows you to view your money without using your phone data or joining a local Wi-Fi network.
Don’t forget to withdraw from your wallet! It’s critical to transfer your EOS tokens to a secure cryptocurrency wallet once you’ve purchased the desired number from crypto exchanges. Never leave your holdings on an exchange because they are the most susceptible to hacking.
Alternate Ways to Buy EOS
EOS tokens can be obtained in a variety of ways in order to gain access to the resources and tools needed to construct decentralized apps on the EOS network.
A few of the other ways you can buy EOS include:
EOS ATMs
Are there EOS ATMs? There are a few EOS ATMs in the US that you can use to withdraw, buy, and sell EOS. However, they are often quite challenging to find and are not as common as Bitcoin ATMs.
A crypto ATM is an Internet-connected kiosk where clients can deposit cash and buy cryptocurrencies. An automated teller machine (ATM) that enables bank clients to physically deposit, withdraw, or transfer money in their bank account is not the same as a cryptocurrency ATM. Crypto ATMs, on the other hand, generate blockchain-based transactions that transmit cryptocurrency to the user’s digital wallet, usually via a QR code.
Mainstream Brokerages
You can sign up to a mainstream brokerage to make buying and selling EOS easier. Opening an account with a cryptocurrency broker that offers access to the tokens and coins you want to add to your portfolio is the simplest way to buy any form of cryptocurrency. Crypto brokerage firms operate in a fairly simple manner.
To begin, you need to link a payment method – based on the broker, you may be able to buy cryptocurrencies with a credit or debit card, a bank transfer, or services like PayPal. You then use the broker’s trading platform to place orders. According to the instructions in the order, you put, your broker purchases or sells the cryptocurrency you selected.
P2P Exchanges
Cryptocurrency exchanges function similarly to stock markets, allowing users to purchase and trade a variety of digital currencies. After you’ve created a digital wallet, you need to go to a crypto exchange to buy EOS tokens.
Peer to peer exchanges are an essential aspect of the decentralized financial phenomenon (Defi). These trades allow two parties to trade directly with one another without the use of a middleman.
A centralized institution called an exchange often performs the role of an exchange. Using an exchange to trade cryptocurrencies carries risk because you must send them your coin to use the services. To put it another way, you must trust the platform with your funds. A peer-to-peer (P2P) exchange allows you to preserve control of your cash while still trading with others.
You can buy EOS using a P2P exchange. There are various exchanges where you may buy EOS tokens with fiat currency (for example, euros, dollars, etc.) or by trading your Ethereum or Bitcoin for EOS.
Conclusion
EOS dubbed the “Ethereum Killer,” still has a really long way to go before overthrowing Ethereum as the king of decentralized apps. Having said that, it is off to a solid start, with a large sum of money raised through its ICO and a team with a proven track record.
EOS is intended to be more scalable and versatile than Ethereum by design, making it easier for developers to build Dapps. EOS, on the other side, is more centralized than Ethereum because only 21 machines are in charge of creating new blocks (unlike all miners in Ethereum).
In addition, EOS is distinct from Ethereum in the following ways:
- There are no transaction costs.
- It is capable of handling millions of transactions per second.
EOS held an ICO that lasted a year (from June 2017 to June 2018) and raised nearly $4 billion. EOS has risen to become one of the 10 leading blockchains and cryptocurrencies, despite the fact that it is still a long way from the top spot.
Moreover, EOS is more difficult to purchase than other more well-known cryptocurrencies, however, as the network matures and the token becomes more prominent, it is most likely going to become available on more crypto exchanges.
WeInvests is a financial portal-based research agency. We do our utmost best to offer reliable and unbiased information about crypto, finance, trading and stocks. However, we do not offer financial advice and users should always carry out their own research.
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