We feature the top brokers and exchanges that offer the option to buy EOS with a credit card or debit card. For larger sums you can also send a wire transfer. We list exchanges and services based on personal experience, and reputation. Please view the risks associated with bitcoin and cryptocurrency trading at the bottom of this page. Also access our affiliate disclaimer.
Where to Buy EOS with a Credit Card
Binance – Referral ID: EE59L0QP for 10% cashback on all trading fees.
Buy EOS with Visa or Mastercard (debit or credit).
Processing is offered by Simplex, a fully licensed and regulated electronic money institution in the EU, providing the leading fiat infrastructure and payment processing solution to over 130 cryptocurrency ecosystem leaders.
Founded in 2018, Binance has quickly become the most popular cryptocurrency exchange in the world. Once you have EOS you can easily exchange for 100s of other tokens listed on the platform.
KuCoin – Top VIP Program.
Buy EOS with Visa or Mastercard (debit or credit).
Processing is offered by Simplex, a fully licensed and regulated electronic money institution in the EU, providing the leading fiat infrastructure and payment processing solution to over 130 cryptocurrency ecosystem leaders.
Once EOS is purchased you can trade for 100s of other tokens on this popular exchange.
Coinmama – Established in 2013. Over 2,100,000 people across 188 countries have purchased bitcoin here.
Buy EOS with a credit card, debit card, or wire transfer.
Coinmama does not offer an EOSwallet, you cannot store your EOS here, this is simply to purchase tokens. You may need a wallet or to transfer the tokens to an exchange such as Binance, Kucoin or Bittrex.
Bittrex – USA Based.
Buy with Visa debit or Mastercard, USD wire transfer or cryptocurrency. This is one of the most popular crypto exchanges in the world.
Once you have purchased EOS you can exchange with 100s of other tokens.
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.
Projected developments?
As development continues, it is expected that the team behind EOS will be focusing on a few key areas.
- Scalability
- App development
- Security
Underlying Ideology?
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.
Regulation?
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.
EOS & Cryptocurrency Trading Risk Disclaimer
There is a very high degree of risk involved in trading securities, and this trading risk is higher with Cryptocurrencies such as EOS due to markets being decentralized and non-regulated. There is no central bank that can take corrective measure to protect the value of Cryptocurrencies in a crisis or issue more currency. You should be aware that you may lose a significant portion of your portfolio.
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All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions.
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