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. If you are not going for a long-term EOS investment, it is perfectly okay to hold your coins in the exchange https://www.tokenexus.com/ wallet. This way, you won’t have to worry about safe storage and withdrawal charges. However, if you want to hold your EOS coins for a longer period (weeks or months), it is a better idea to transfer your EOS currency to a dedicated wallet.
- Resistance levels show up at USD 3 and $3.50, while support levels show up if EOS’s price is USD 2.50 or $2.
- As shown by the directional arrows, to set up a sell limit order, you will use the [From] form field, while if you are looking to buy, you will use the [To] form field.
- It is best to do extensive research because it is always better to be safe than sorry.
- However, its performance has recently suffered during peak trading times.
When you buy shares in a company, you are essentially investing in that company’s performance and value over time. This works the same way when investing in cryptocurrencies such as EOS. 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.
Why are investors eying EOS?
However, its performance has recently suffered during peak trading times. Coinbase accepts debit cards, wire transfers and domestic transfers such as ACH or SEPA. If you use eToro for price speculation, you don’t actually need an EOS wallet as you’re not withdrawing the actual coins. In order to send EOS from your wallet you will need an EOS account.
While we are independent, we may receive compensation from our partners for featured placement of their products or services. You can easily exchange any portion of your Eos balance for another cryptocurrency of your choice. Your secure platform to access the world of crypto and Blockchain, Kriptomat accounts are completely free and take only a few moments to create. At present, the price of the coin seems to have stabilized. This is also a very good sign to see – it might be discouraging to plan how to buy EOS currency when its price is at an all-time low.
Step 3: Make a Deposit
You can use apps like the eToro crypto wallet to keep track of your EOS investment. This is very crucial especially when you trade cryptocurrencies. You may encounter some issues while using a platform and need help.
It’s a solid option for anyone new to the world of cryptocurrencies. Once that process is complete, you’ll want to fund your account. Bitfinex allows users to use either fiat currencies or cryptocurrencies. When you’re ready to buy EOS, you might find that buying it through a globally recognized crypto exchange such as Kraken will be the easiest way to do so. Kraken users get low transaction fees along with an easy to use interface, which is why the exchange is rated as one of the best in the world. If you’re into Bluetooth, the Nano X offers that functionality as well.
Support
This content shouldn’t be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.
However, at this moment, it is currently performing better than its counterparts in the smart contract platform. The most impacted have been the savings rates you get for keeping your money in the bank. At the moment of writing, it is less than 1% and it may likely drop into the negative.
You will need to deposit at least £50 by bank transfer to get started, and after that, there will be fees of 0.6% when you buy or sell EOS in the Trade tab. You can also make instant card purchases instead of depositing, but the fees for this can be significantly higher. The platform received an e-money licence from the FCA and keeps your assets safe and insured, in cold storage.
Even though the site makes things convenient and simple, it still has its fair share of drawbacks. One of which is the limited amount of coins available on the platform. This is a process called KYC or Know Your Customer, which lets the exchange know who is doing what on its platform.
A lot of people are seemingly attracted to the idea of a faster blockchain with improved scalability and overall performance. All that is left for EOS.IO is to prove themselves, which is exactly what they’ve been trying to do. By the looks of things, however, How to buy EOS EOS does seem to be legit (this includes both EOS.IO and the EOS token itself). It was able to garner quite some attention upon its initial release (ICO), and the team seems to be working hard to develop and further the innovativeness of the platform.
- Also, some credit card issuers may bracket your EOS purchase as a “cash advance.” This will see you pay a fee to complete the transaction.
- The main benefit of using Indacoin for purchase is the possibility to get a 12% cashback in the native coin of the platform.
- Cryptocurrencies do not promote “get-rich” mentality even though early adopters are now millionaires.
- Now you can buy EOS coins by
going to the market section of the exchange.
- Forget the fact that it is a nascent industry and is just getting noticed.
