How to buy EOS – Complete guide 2018

Comparisons have already been drawn between the new EOS Blockchain platform and Ethereum. EOS was established to develop decentralised applications, known as dapps, to make it easier for services and functions to operate in the digital space. This includes user authentication, server hosting and even storage in the cloud. The idea behind EOS was to combine the best features of smart contract technologies, such as the transparency and security of Bitcoin, and the computational support of Ethereum into one scalable platform.

EOS was brought to life by a man called Dan Larrimer, the brains behind BitShares and Steem. It operated its ICO on June 26, 2017, distributing one billion EOS tokens across 341 days. EOS is now one of the most talked about Blockchain development projects and launched officially from June 2, 2018. It’s already being touted as a more user-friendly version of the well-established Blockchains of recent years. Read on as we explain why EOS deserves your attention and how you can invest in it.

EOS coin

Why buy EOS now?

If you’re asking yourself ‘should I buy EOS’? The answer is yes, most definitely. There’s a lot of positivity surrounding the EOS Blockchain at present. It raised over two billion dollars following its ICO and since March 2018 the value of EOS has risen from around £2.80 per token to over £9. EOS is focused on solving the pain-points of existing Blockchains, attempting to deliver scalability, speed of transactions and flexibility for developers on a scale that’s never been witnessed before in the crypto community.

The bottom line regarding EOS is that it has the potential to address several issues experienced on standard Blockchain networks. Some of the EOS community have claimed the Blockchain has the potential to process up to 100,000 transactions per second, which could revolutionise dapps as we know it.

What is the best site to buy EOS?

At Best Bitcoin Exchange, we review the leading cryptocurrency exchanges, wallets and trading platforms in order to recommend the safest and most reputable portals for our readers. Of all the brands we have analysed to date, eToro remains head and shoulders above the rest. Its unique social trading community works well for newbies wondering where to buy EOS online and also offers valuable trading angles and advice for experienced investors with well-established cryptocurrency portfolios. As a fully FCA and CySEC regulated platform, it’s also a secure place to deposit your EOS investment funds.

For those wondering how to buy EOS, eToro makes it easy to buy and sell the digital asset within your eToro account, with no need to set up or link a digital wallet to store your EOS. It’s worth noting that some six million-plus financial investors are regularly using eToro as their platform of choice for investing in cryptocurrency as well as traditional stocks, commodities and forex. As the best place to buy EOS, check out our full review of eToro’s service here.

Keen to proceed and buy EOS online with eToro? Read on as we’ll demonstrate how quick and simple it is to begin your cryptocurrency investment portfolio as a fully-fledged member of the eToro community.

How to buy EOS with eToro

Looking for the best way to buy EOS online? eToro has cemented its position as one of the most innovative and intuitive places to buy and sell EOS. You only have to take one look at the EOS market page on eToro to discover just why so many people prefer to buy and sell EOS this way. There is a live social feed allowing members to discuss price moves and trading angles, as well as a live price chart to keep track of daily, monthly or annual price moves.

Step 1: Open account with eToro

-  Click the ‘Join Now’ button on the top right-hand corner of the homepage to set up a live eToro trading account
-  Complete the account application details, filling in your suggested username, password, email address and contact phone number
-  It’s also possible to sign up to eToro with just a single click by linking your account details to your Facebook or Google account.

Step 2: Deposit funds

-  Log in to your new eToro account using the login details created
-  Find the ‘Deposit Funds’ button the left-hand navigation bar
-  Specify the amount you wish to add to your account as well as the chosen currency and deposit method

Step 3: Buy EOS

-  Find the EOS stock page, displaying its current price and up-to-the-minute social feed
-  Hit the ‘Trade’ button in the top right-hand corner of the page
-  State the amount of EOS you’d like to purchase
-  Set an optional stop loss and a take profit order to control your risk
-  Hit ‘Open Trade’

How to buy EOS through exchanges

As one of the most intriguing cryptocurrency projects of 2018, it’s no surprise that a growing number of the leading cryptocurrency exchanges are beginning to offer EOS coin. Even if it only fulfils part of its potential, the EOS token will rise significantly in value during the years to come.

Unlike some of the more established crypto tokens, you cannot simply buy EOS using fiat currency. You must first make a purchase of Bitcoin or Ethereum and then convert that into EOS through one of the following cryptocurrency exchanges:

Binance

Binance is one of the fastest cryptocurrency exchanges available online today. Its certified matching engine is capable of processing 1.4 million transactions per second and its platform has been utilised on a host of other cryptocurrency exchanges. If you are looking for a quick and straightforward place to exchange Ethereum or Bitcoin for EOS online, Binance is a good starting point.

Binance pros: Proven technology deployed by dozens of other exchanges, supports all devices and multiple languages, lightning fast transaction speeds

Binance cons: Frustrating delays when withdrawing certain crypto coins, some user data is logged internally, you cannot fund your account with fiat currency

Bitfinex

Situated in Hong Kong, Bitfinex has been in operation since 2014, making it one of the longest-standing cryptocurrency exchanges in the marketplace. Daily volumes of more than a billion dollars pass through it, providing direct access to the leading cryptocurrencies and altcoins such as EOS. With advanced trading options and order types, Bitfinex caters nicely for experienced EOS investors.

Bitfinex pros: Impressive daily liquidity, intuitive mobile app

Bitfinex cons: Can be difficult for beginner traders to master, wallet services basic, was once hacked

eToro Vs Cryptocurrency Exchanges

Although cryptocurrency exchanges might seem straightforward, they don’t quite compare to the simplicity of using an eToro account for buying and selling cryptocurrencies such as EOS. With demo accounts that allow you to get to grips with the software before investing real money, two-factor authentication for secure logins and a plethora of educational trading material on offer as an eToro member, it’s easy to see why the eToro trading community has become the best place to buy EOS online.

Ready to begin investing in EOS with eToro? Follow our secure link to sign up with eToro today, or read on if you still have questions.

Buying EOS: Payment methods

Although EOS is still very much in its infancy as a legitimate cryptocurrency, there are several payment methods you can use to start investing in EOS today:

Credit card & debit card

The easiest way to buy EOS coin using your debit card or via a credit card is by buying Bitcoin or Ethereum with a cryptocurrency exchange. Alternatively, you can deposit into your eToro account using fiat currencies.

PayPal

PayPal’s chargeback feature means you have to use VirWoX to convert PayPal fiat currency balances into Bitcoin or Ethereum before you can exchange it into EOS.

Neteller

Unfortunately, there are no cryptocurrency exchanges that allow you to use Neteller to purchase EOS through a transit currency. However, you can deposit into your eToro account using Neteller to start trading EOS instead.

Skrill

Purchase Bitcoin or Ethereum via Bitpanda using your Skrill account, but this is only available to Europe-based customers. Alternatively, you can deposit into your eToro account using Skrill to start trading EOS online.

Cash

Services such as LocalBitcoins are the only way of buying EOS using cash. You’ll have to buy Bitcoin with your cash first and convert it to EOS through an exchange.

How to buy EOS in your country

UK

A number of cryptocurrency exchanges welcome British crypto investors, such as Binance, Bitfinex, and Changelly. You can buy EOS directly by converting Bitcoin or Ethereum into EOS. However, many investors find that eToro is a better and more direct route to buying and selling EOS online.

Ireland

Keen EOS investors living in Ireland can also make the most of crypto investment services including eToro, Binance, Bitfinex and Changelly. The latter allows you to purchase EOS using euros.

USA

Cryptocurrency exchanges such as Changelly and Indacoin permit US-based investors to buy EOS using US dollars. However, eToro has been announced as coming to the US for cryptocurrencies in the coming months too.

How to store EOS in a wallet

For starters, most cryptocurrency exchanges don’t offer the facility to store and keep your EOS secure within their software. If that’s the case, you’ll have to seek out a suitable crypto wallet to store your EOS once you’ve bought it.

There is a good choice of desktop, web, mobile and even multi-signature wallets to choose from to protect your digital assets. We’ve taken the liberty of reviewing the best wallets suitable for buying EOS online to help you make that decision.

Note: You don’t need to worry about setting up a crypto wallet if you plan on trading EOS using an eToro account. eToro allows you to buy and store cryptocurrency investments as CFDs within your trading account.

Other ways to get EOS

As EOS is a fledgling cryptocurrency, there are not any additional ways yet to obtain EOS tokens at the moment.

Winning EOS for free

There is, however, such a thing as an EOS faucet, which allows crypto investors to win small amounts of EOS tokens as a reward for completing captchas and other tasks specified on the faucet website. These tokens can be sent directly to your EOS wallet once earned.

In summary, there’s no doubt that eToro is the well-rounded choice for anyone looking to start buying EOS online. It’s a great place to learn about cryptocurrencies as a whole and discover more about trading as a concept thanks to eToro’s own Trading Academy that’s bursting at the seams with educational material. Combine that with no need to sign up to a separate crypto wallet and it’s easy to see why investing in EOS and other emerging altcoins is so much easier with eToro.