How to Buy EOS (EOS)

Looking to expand your crypto portfolio to include EOS? You can buy EOS on Coinbase or eToro!

As the blockchain revolution continues to transform finance and technology, EOS has positioned itself as a prominent force in this dynamic environment. Since its launch in 2018, EOS has distinguished itself not merely as a cryptocurrency, but as a comprehensive platform tailored for developers seeking to build decentralized applications (dApps) with remarkable speed and efficiency. Its architecture is designed to facilitate scalability and user-friendly experiences, allowing developers to focus on innovation. With significant financial backing and a vibrant community supporting its growth, EOS has garnered interest from both blockchain enthusiasts and investors. Both recognize its potential to drive forward the adoption of blockchain technology and reshape various industries leveraging decentralized solutions.

Are you interested in learning more about how to buy EOS? Our guide will introduce you to the factors that make this altcoin unique and offer basic steps on how to add EOS to your investing portfolio.

How to Buy EOS (EOS)

Here’s everything you need to know to make your EOS purchase successfully.

1. Open an Online Account

The easiest way to purchase any type of cryptocurrency is to open an account with a crypto broker that offers access to the coins and tokens that you’d like to add to your portfolio. To begin trading, you need to create an account in your preferred trading platform. Visit the website or download the mobile app to sign up or register. You will need to provide your email address and create a strong password. Verify your identity by submitting documents such as a government-issued ID or proof of address, following Know Your Customer (KYC) regulations. Once your account is verified, you can enable two-factor authentication for added security. 

2. Deposit Funds Into Your Account

Once your account is set up, you need to link a payment method — depending on the broker, you might be able to fund your account with a debit or credit card, bank transfer or using a service like PayPal. Navigate to the “Deposit” or “Funds” section and select your preferred payment method.

If you're depositing fiat currency, follow the instructions provided for your chosen payment method, including entering the amount and confirming any transaction fees. For cryptocurrency deposits, you’ll need to generate a wallet address from the cryptocurrency exchange, copy it, and send your funds from your personal crypto wallet. Always double-check the address and the amount before confirming the transaction to avoid any loss of funds.

After the deposit is made, it might take some time for the funds to reflect in your account. This depends on the method used and network conditions.

3. Purchase EOS (EOS)

When you’ve funded your account, you’re finally ready to make your purchase. Start by deciding how much money you want to invest in EOS and use the current market rate of the coin to determine how many coins you can purchase. You might want to spend some time monitoring how prices are changing before you place your purchase order to be sure that you’re getting the most for your investment.

After placing your order through your broker’s trading platform, your broker will carry out the order. When your order is filled, you’ll see your EOS in your brokerage account. To transfer your coins to your private wallet, search for your wallet address and initiate a transfer from your brokerage account to your cryptocurrency wallet.

Double-check that you have the correct address before you initiate the transfer. If you send your cryptocurrency to the wrong wallet address, it’s virtually impossible to get it back.

Brief History of EOS

EOS is the coin offering of EOS.io, a platform launched in June 2018 to help introduce developers to a simplified platform for building decentralized applications (dApps). A dApp is a computer application that has an operation network extended across a distribution of computer nodes instead of a singular, centralized point of operation.

The goal of EOS.io is relatively simple — make it as straightforward as possible for developers and programmers to create dApps that utilize blockchain technology. You can think of EOS.io as an operating system like Windows, while the EOS coin represents a stake on the network and makes it possible for users to execute their programs. 

Developers of EOS focus on providing a wealth of educational resources and a straightforward platform that make EOS.io easier to operate than competitors. EOS also aims to expand blockchain technology to corporate infrastructures as well. Scalability is a key priority of developers, who focus on offering faster transactions speeds and more transfers initiated per second. 

Where to Buy EOS Token

The best trading platform depends on the needs of the investor. If you're located inside the United States, it's a good idea to use a U.S-based crypto exchange like Coinbase or Gemini. eToro is another great option to consider.

How to Store EOS Safely

After you decide where you want to buy and sell your cryptocurrencies, it’s a good idea to open a private wallet to store your coins and tokens. There are two major types of crypto wallets: hardware and software. Hardware wallets are physical devices that store your cryptocurrency offline. Software wallets, on the other hand, are applications that must be connected to the internet to access your investments.

Not sure where to start searching for a wallet? Consider our favorite hardware and software options below. Both of these options support EOS tokens. 

• Best Hardware Wallet: Trezor Model T

If you’re searching for a comprehensive device that you can use to store virtually any type of cryptocurrency, look no further than the Trezor Model T. The Model T is a hardware device with a touchscreen display and private keys that guarantee exclusive access to your cryptocurrency. Trezor is an ideal choice for new cryptocurrency investors. Thanks to its simple setup process which can be done in as little as a few minutes.  

• Best Software Wallet: Atomic Wallet 

Atomic Wallet is a decentralized cryptocurrency wallet that allows users to securely store, manage and exchange a wide range of digital assets, including EOS, Bitcoin and Ethereum. Its key feature is a built-in decentralized exchange (DEX) for direct cryptocurrency swaps without third-party reliance. Users maintain full control of their private keys. This ensures ownership of their funds and the online wallet is designed to simplify cryptocurrency management while prioritizing security and decentralization.

Trade or Sell Your EOS

Though most investors choose to hang onto their cryptocurrency in their private wallet, you can also take advantage of short-term price movements by becoming an active investor. 

By monitoring how the price of EOS is changing over time, you can convert your investment to a stablecoin when the price is high and back to EOS when the price falls again. This allows you to accumulate more EOS coins, which you can then transfer to your long-term investment wallet or cash out to take profits.

Current Crypto Prices

The cryptocurrency market is exceptionally volatile, and coin prices change on a daily, hourly and even minute-by-minute basis. Learn more about how the market is moving today with our summary below.    

Moving Into the Cryptocurrency Market

Just like you know you need to diversify your retirement accounts, you should also take steps to diversify your cryptocurrency holdings. There are distinct differences between the stock market and the cryptocurrency market. The crypto markets are open 24/7, whereas stocks only operate during trading hours. Also, cryptocurrencies are much more volatile than other asset classes. While there is more risk involved with buying digital assets, the payoff could be well worth it.

Frequently Asked Questions