We’ll be buying EOS with Bitcoin, so your first task is to acquire some Bitcoin. We have a run-down on some of the easiest ways to do this here, including GBP buying options. They have achieved a 5-star Trustpilot rating, most probably due to their excellent customer service and simple buying process. BC Bitcoin are a Hertfordshire based Cryptocurrency Brokerage that allows you to Buy, Sell and Exchange a wide variety of Cryptocurrencies including EOS.
As mentioned earlier, there are no transaction fees on the EOS.IO blockchain. If you are not comfortable trading on an exchange, brokers offer a more easy-to-use solution. Once you have identified the exchange or trading platform you want to use, you’ll need to become very familiar with how to navigate it effectively before risking funds. It costs nothing to send EOS – the native cryptocurrency of the EOS.IO blockchain. That’s why cryptocurrencies like EOS are considered disruptive when compared to existing payment rails. Our professional team of experienced cryptocurrency traders has prepared this guide to take the stress out of buying EOS.
How to buy EOS (EOS) in
Coinbase accepts debit cards, wire transfers and domestic transfers such as ACH or SEPA. There are different ways to create an account, depending on the wallet you’ve chosen. Some wallets create https://www.tokenexus.com/ the EOS account name for you, others will show you how to create it yourself and in some cases this could cost a few bucks. In order to send EOS from your wallet you will need an EOS account.
Another benefit is that Revolut offers loans and travel and phone insurance. It is basically a fintech company and lets you use its virtual card to make purchases in supported regions. It How to buy EOS is also user-friendly and its WebTrader 4 interface makes it easy for traders to execute trades without any difficulty. It also offers negative balance protection and stop-loss orders.
What is the safest way to buy EOS?
When you want to cash out your EOS coins, simply hit sell, and the money owed will be sent over to the aforementioned debit card you used to make your purchase. To further explain, if you buy EOS at a price of $2.50 and are keen to double your investment, the crypto-asset would need to increase to $5. If you wanted to triple your investment, the digital currency would have to reach heights of $7.50 – and so forth. There have been so many stories of unregulated crypto-exchanges being hacked, with the perpetrators getting away with millions of dollars worth of digital assets.
If the EOS market has low liquidity, this means it’s more challenging to buy or sell your holdings. When this is the case, spreads tend to be higher – meaning that being involved in the market is more costly. According to data from CoinMarketCap, one of the leading crypto data providers, EOS currently has a market cap of just over $6 billion. This makes them the 29th largest crypto in the world, which can also be thought of as a positive. EOS hit an all-time high back in April 2018, reaching $23 per coin. Since then, EOS has declined from these heights and is currently sitting at $5.88 per coin – equating to a 75% decrease in value.
How to buy EOS coin in the UK
Long-term investors, on the other hand, may not be too bothered by short-term fluctuations as price historicals show an overall uptrend with pocket downtrend periods. In the long-term investment case, a simple buy and hold strategy, or one combined with a DCA, may prove effective. Wallets are important because they store your valuable cryptos, so choosing the right one is crucial. Wallets are generally split into hardware and software wallets. Hardware wallets store cryptos offline on a device while software wallets store cryptos online and are always connected to the internet.
This means that you can also avoid needing to upload any KYC documents. CFDs are complex instruments and carry a high risk of possible rapid loss of capital due to their leverage. 71% of retail investor accounts lose capital when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take high risk in losing your capital. CFDs are complex instruments and carry a high risk of losing money quickly through leverage.
Today’s EOS price versus ATH
Therefore, now you will learn the fastest way to do that with the cheapest commission of 0.1%. These platforms have millions of users and employ some of the highest security measures in the industry. The platforms listed on this page are ones that we found to be the best at the features we listed them under e.g. cheapest way to buy EOS.
Binance will charge you just 0.10% in trading commission – which is like-for-like with OKEx. Even more importantly, you won’t be hit with any transactions fees when depositing via bank transfer. Binance also offers plenty of other trading markets – which is inclusive of hundreds of digital currencies. This covers lots of small-cap and recently launched crypto-tokens – which is perfect if you have a higher tolerance for risk and reward. It also has the ZuliTrade and DupliTrade for social copy trading. AvaTrade services several trades across the globe and enables them to trade financial instruments like Forex, cryptocurrencies, commodities, ETFs, shares, and several others.
You will reserve the right to sell, trade, and hold them as you wish. In order to do that, you will need to buy financial instruments like Contract for Differences (CFDs) for EOS, which allow you to speculate on the price and make money. It also runs separate platforms for institutional clients through its Prime Division trading platform and the well-known Capital.com for retail investors.
- The fees charged by Coinjar on instant purchases amount to 2% of the transaction value.
- In this section, we rundown the best platforms to buy EOS from this year.
- EToro allows you to fund your account with various e-Wallets – including PayPal.
- You can instantly deposit funds with your debit/credit card or e-wallet and then buy EOS at a minimum stake of just $25.
- If you have been reading to this point, you have developed a basic understanding of how you can invest in EOS and other tokens.
- All in all, you have made three weekly investments of $25 in EOS.
- Now that you have all the information you need regarding EOS, it’s time to discuss the process of actually purchasing it.