How to Buy EOS | Buy EOS in 4 Steps (June 2023)
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Table Of Contents
EOS is a next-generation blockchain ecosystem that continues to receive heavy media coverage for its record-breaking ICO and unique characteristics. Importantly, the EOS.IO ecosystem entered the market with the goal to simplify the programming and integration of smart contracts and the development of decentralized applications (Dapps).
To learn more visit our Investing in EOS guide.
How to Buy EOS (EOS) in 4 Steps
The whole process can take as little as 10 minutes and all you'll need is a smartphone or computer, photo identification and a means of payment.
- Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy EOS (EOS) cryptocurrency.
- Create an account – Verify your email address and identity.
- Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
- Buy EOS – Use your funds to Buy EOS.
We list the top 6 exchanges that offer the ability to buy EOS (EOS) cryptocurrency with a credit card or debit card.
A top exchange in the United States & UK, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including EOS (EOS). Beyond the ease of use and innovative features within the trading platform, what stands out about Uphold is the credibility it has gained in the industry.
Uphold offers both a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most, and is very easy to navigate while providing a modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.
Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from a company which prides itself on the usability of its platform. Uphold also provides the ability to execute limit orders.
UK & European residents are prohibited.
Read our Uphold Review or visit Uphold.
Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Eos (EOS) at Binance is lower fees than competing exchanges, and increased liquidity which will enable you to buy and sell quickly to take advantage of market moving news.
USA residents can trade over 150+ digital assets, international residents including Australia, Singapore, and UK can trade over 350+ digital assets. Canadian Residents are Prohibited.
Discount Code: EE59L0QP for 10% cashback off all trading fees for non-USA residents. USA residents: Trade $100 & Earn $10 in 30 days after account registration.
Read our Binance Review or visit Binance.
Founded in 2011, Kraken is one of the most trusted names in the cryptocurrency industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.
From humble beginnings, Kraken now offers over 200 digital assets including EOS (EOS). For more sophisticated investors Kraken also offers futures and margin trading.
Kraken has continued to evolve its platform, and its commitment to the industry by being one of the first exchanges to offer buying opportunities on new tokens.
Kraken offers trading access to over 190 countries including Australia, Canada, Europe, and is our most recommend exchange for USA residents. (Excluding New York & Washington state)
Read our Kraken Review or visit Kraken.
KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading. It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.
KuCoin currently offers EOS (EOS) cryptocurrency trading as well as over 300 other popular tokens. It is often the first to offer buying opportunities for new tokens.
This exchange currently accepts USA residents.
Read our KuCoin Review or visit KuCoin.
5. Huobi Global
Established in 2013, Huobi Global has since become one of the world’s largest digital asset exchanges, with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the globe. It should be noted that Huobi Global currently does not accept USA or Canadian residents.
Huobi Global is one of the top exchanges that currently offers EOS (EOS) trading opportunities.
Read our Huobi Global Review or visit Huobi Global.
Launched in 2018, WazirX is India’s biggest cryptocurrency exchange with over 6,o00,000 users, and is expanding rapidly. It is one of the most reputable exchanges to currently offer EOS (EOS) trading opportunities and currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.
USA residents are prohibited.
Read our WazirX review or visit WazirX
What is EOS?
EOS is an open-source blockchain network, launched by Block.one, in 2017. The project is structured to serve both small, and commercial scale operations.
What does it do?
Similar to Ethereum, EOS is a blockchain network, capable of hosting/executing decentralized applications (dApps).
This is achieved through use of EOS tokens, which act as a cryptocurrency on the EOS network; much like how Ether is used as ‘gas’ on the Ethereum network.
How does EOS work?
EOS operates through use of a delegated proof-of-stake protocol (DPOS). This governance model was chosen, with the goal of providing, not only scalability, but to mitigate centralization of the network.
Delegated proof of stake allows for those with active wallets, on the EOS network, to vote for representatives to act as ‘validators’. Validation duties surrounding network transactions are then delegated to these representatives for completion.
As development continues, it is expected that the team behind EOS will be focusing on a few key areas.
- App development
The driving theme behind the EOS project is similar to Ethereum – create a fair and transparent network, which supports both payments and dApps. The main differentiator between the two is the choice by EOS to use delegated proof-of-stake. This was done with the goal of ensuring continued decentralization.
Acceptance and Controversies?
While the potential for EOS is massive, the project has not come without its share of controversies. The top two, which continues to plague perception of EOS, are as follows.
- Centralization – One of the main draws towards most blockchain based projects is the promise of decentralization. While this was also a promise of EOS, the first 2 years of operation have seen the project become increasingly centralized. More specifically, much of this has seen a power shift to Chinese based companies, raising fears of government manipulation.
- Extended ICO -$4.1 billion – this is the amount raised by Block.one, during an ICO that was held over the course of an entire year. While some are ‘put off’ by the power that Block.one now holds over the network, there are many that simply believe this ICO was ‘over the top’. They believe here was no real reason why $4.1 billion was needed to conceptualize, develop and launch a successful network, and that this was simply a company taking advantage of anyone they could, during the ICO boom.
It would appear as though regulatory issues surrounding EOS have been settled. The SEC has made it clear that the vast majority of ICOs were conducted as unregistered securities offerings; EOS was no exception to this.
In September of 2019, EOS settled charges with the SEC surrounding their ICO. This settlement saw Block.one pay a $24 million civil penalty.
Who Made It?
EOS is the product of parent company, Block.one.
Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.
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