If you are interested in how to buy EOS, then you’ve come to the right place. This comprehensive guide would be your one source of all the information you need to know about what is EOS.
The digital currency EOS has been available on the crypto market since mid-2017. This makes EOS one of the youngest crypto currencies available. Since its creation in 2017, the exchange rate has developed in an exciting way. With regard to its market positioning in 5th place, more and more crypto fans are becoming interested in this currency.
Before investing in a crypto-currency that is still unknown to you, you should be clear about why you want to invest in this particular crypto-currency. What does this digital currency open up and what do you have to consider when buying EOS? Of course you are not alone with your questions, because many (or hopefully all) of them will be answered in the next few lines.
For those in a hurry: EOS CFDs trade in three steps (Buy EOS Fast)
Before you can buy EOS, the first step is to create an account with a trading platform that supports the currency. Our choice is eToro. Here, opening an account is particularly easy and doesn’t even require verification for trades up to $2,000. Furthermore the provider is state-regulated and therefore subject to deposit protection.
To open an account you just need to enter your personal details in the login form on the start page.
Now you will receive an email from eToro with a link that you need to confirm. Then you’re ready to buy EOS.
To top up your trading account with real money you have to click on the “Deposit money” button at the bottom left. This will open a window where you can select the desired payment method, such as instant bank transfer.
Depending on the chosen method, the payment can now be made and the trading account can be topped up.
If the deposit was successful, the new account balance is now displayed at the bottom of the screen.
With it now the desired currency, in this case EOS CFDs, can be bought. The easiest way is to enter the currency in the search field and thus find it. Now in the purchase field the desired adjustments can be made. Here it is also determined for how many Euro you want to buy EOS.
If you do not want to trade real EOS but rather EOS CFDs, these can also be found via the search field. But here the tip: CFDs are rather something for experienced investors, because the risk of loss is considerably higher here.
67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Cryptoassets are highly volatile unregulated investment products with no EU investor protection.
Should one Buy EOS in 2020?
For the 2020 prognosis, some points can be helpful in order to be able to make an assessment. These factors apply to all crypto currencies:
- User acceptance: The more users and above all dApp developers EOS can gain, the more the coin will increase in value. Since there is a fixed upper limit, more users mean higher demand. EOS makes every effort to ensure user-friendliness. The project of Block.One has even developed a playful method to teach interested parties to create dApps and games on EOS. Looking at the rankings of dAppRadar.com, the dApps from EOS and TRON are the ones with the highest user activity. Ethereum on the other hand has only one dApp in the top 10.
- Important developments: EOS has a lot planned for the future. These include asynchronous Byzantine fault tolerance, implementation of inter-blockchain communication, resource exchange and cluster implementation from phase 5 of the roadmap. These developments would be important for EOS and could provide a market advantage. The problem, however, is that there are no fixed dates for all these new features. Without a date, however, this will have little impact on the EOS forecast.
- Competition: As a dApp and Smart Contract platform, EOS has to face a direct comparison with Ethereum, NEO or Cardano. In comparison to the front-runner Ethereum, EOS can score with higher transaction throughput and lower transaction fees.
Generally speaking, cryptocurrencies such as Bitcoin, NEO or Stellar Lumens are becoming more widespread and more interesting to the general public. While various industries are now using the blockchain technology for themselves, several countries are thinking about using digital currencies to help them get back on track after their failing Fiat system. So it could well be that the crypto currencies will gain in importance in the future!
The current rate
Differences between EOS CFD brokers and EOS stock exchanges
If you want to purchase genuine EOS Coins, you should look for a suitable crypto exchange. If you prefer to bet on EOS CFDs, a reputable online broker will help you.
In both cases, you should pay attention to the transparency of the offer and the seriousness of the provider. The crypto market is booming and new offers appear on the market almost daily. For newcomers it can be quite difficult to keep track of the large offer. Unfortunately there are many fraudulent offers and scams among the many really good exchanges and brokers. For your own safety, it is important to research thoroughly before investing, what you should look out for when making your choice and what possibilities the various offers should offer you, you will find out now.
What is the safest way to buy EOS?
EOS CFD brokers
- Regulated by government & depositor protection
- No complicated setup of a wallet necessary
- Leveraged trading possible
- Several deposit and withdrawal options
- Mobile Trading: Apps for Android & iOS available
- Demo account
- Only possession of a certificate, not EOS
- Obligation could raise to make additional contributions
- Risky investment
EOS stock exchanges
- Real ownership of EOS
- Learning how to handle crypto currencies
- Wide range of crypto currencies on offer
- (Partial) trading via leverage possible
- (Partial) Mobile Trading: Apps for Android & iOS
- Whoever wants to hold EOS in the long term has an advantage here in terms of fees
- No regulation & deposit insurance
- You are responsible for the administration of the keys yourself
- Risky investment
The difference between real EOS and EOS CFDs
Since there are two ways to buy EOS, there are therefore also two different types of EOS investments:
- With EOS stock exchanges, one trades with “real” EOS
- EOS Brokers trade EOS CFDs, as financial instruments that use the EOS price as a basis
Benefits to use a Broker
Functionality: When you invest in EOS CFDs, you bet on the performance of the coins and do not receive any real coins. You do not own this crypto-currency in its physical-digital form, but rather deal with the price development. You can imagine the whole thing like this: If the EOS price rises or falls, your CFD also rises or falls. You can choose the EOS price in a 1:1 ratio or work with a lever.
Leverage: For example, if you use a leverage of 10, then your CFD rises and falls 10 times as much as the actual EOS price. This has the advantage that your profit is also 10 times as high. The disadvantage is that this CFD leverage is also associated with great risks.
If you do not cope with price fluctuations and excitement so well, the CFDs are perhaps not the right investment for you. You can also use CFDs at Plus500.
Top 3 EOS Broker to trade EOS CFDs
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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 76.4% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||
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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 67% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||
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Trading leveraged products such as CFDs carries a significant risk of loss and may not be suitable for all investors. 83% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||
Our first choice for crypto broker How stock exchanges work
EOS Coins: Buying EOS Coins has the great advantage that you can hope to increase the value of the currency here. If EOS is developing as rapidly as Bitcoin, an investment could definitely be worthwhile at this point in time. Because at the moment prices are low and hopes are high. To store your coins safely, you need a wallet. When choosing your wallet, make sure you choose a reputable provider.
Crypto bots: this way you can see EOS coins as a long-term investment or you can sell them on at the next possible high, i.e. actively trade them. Here too, there are opportunities for profits. You can also leave trading to a crypto bot. These crypto trading robots are becoming increasingly popular on the crypto scene because they take over trading fully automatically. The disadvantage is that you do not have to do the trading yourself and trading crypto currencies can be quite exciting!
Top 3 EOS stock exchanges
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What happens after the EOS purchase?
Especially as a newcomer to the world of crypto, you may wonder what happens after buying digital currency. This is how it continues:
The storage of genuine EOS
Once you have decided to buy real EOS, the coins must be stored in a digital wallet. There are several wallet providers for this.
There is, however, one small disadvantage: the private key with which one has access to the wallet remains in the possession of the wallet. Even though today’s stock exchanges are all at the cutting edge of security technology, this does not mean that a hacker cannot succeed in getting hold of the private key.
The sale of EOS
If you want to sell your coins because the price has risen, they can be offered on an exchange at any time. Due to the fact that you don’t have to offer your coins on the exchange where you bought them, you can compare fees in advance. The fees charged by the exchanges differ greatly, so it is advisable to get an overview in advance.
EOS - The conclusion
The EOS is a very interesting crypto currency that is worth taking a closer look at. Not only was this digital currency on its way to a record-breaking peak at the time of the big crypto crash in 2017, but the system behind the coin is extremely exciting. Accordingly, more and more crypto fans are attracted by this crypto currency.
At the moment the price per coin is quite reasonable and if the crypto enthusiasts go right with the assumption that the EOS is the next Bitcoin, an enormous increase in value is imminent. The first signs of this have already been seen.
All in all the investment in EOS Coins and EOS CFDs is always connected with a high risk of loss.
Frequently asked questions about buying EOS
The EOS runs over the Ethereum network, whose digital coin is the ether. Both cryptocurrencies are based on the blockchain technology. The goal of both companies is to create a decentralized, but established and usable digital currency. The EOS is one step ahead of the ether in this case. From a purely technical point of view, EOS should be able to execute millions of transactions per second. Incidentally, these transactions should be free of charge.
Behind EOS is the EOS-IO software, an operating system based on the blockchain technology. The big goal is to create the first decentralized system with a development environment for decentralized applications. While Bitcoin was rated C+ by the US rating agency Weiss, Ethereum and EOS were pleased with the B rating. The reason for the good rating is the speed with which the transactions are processed.
From the Bitcoin you surely know that the creation of the coins is created by the so-called “mining”. This is not the case with EOS. At EOS we work with a “delegated proof-of-stake”. This means that a random agreement is made within the block chain network as to which block chain participant may generate the next block. As an EOS owner, you can validate transactions within the block chain. In addition, there are witnesses in the network who validate the whole procedure, hence the addition “Delegated”.
In general, the EOS is an interesting investment not only because of its excellent market placement, but also because of its potential. While the vast majority of crypto currencies experienced a price crash during 2018/2019, the EOS reached its two highest levels in 2018. Although the price fell thereafter, it seems to be slowly recovering. The price for EOS in 2020 is still low. Perhaps this is the ideal time to invest in a promising crypto currency?
EOSIO is a block chain protocol designed for fast, free and secure applications. EOS is a popular block chain that uses the EOSIO protocol. It is also the name of the system token of the blockchain.
EOS is a crypto currency that is designed to support large applications. There are no fees when sending or receiving EOS. Instead, the protocol regularly pays network operators with new EOS, so inflation is a substitute for transaction fees.
Despite the great predictions for the crypto world, you should not forget that investing in cryptocurrencies involves a high risk. The high volatility does not exist in any other speculative investment objects. Although the EOS share price seems to be quite stable, even inconspicuous news can have a quite strong influence on the performance. The crypto market is sensitive, yet more and more people are abandoning conventional investments and prefer to invest in the promising crypto currencies.
Only you can decide whether or not you want to buy EOS.
After set-up of a free account and completion of ID verification process you can earn EOS for the completion of lessons. Each lesson only takes a few minutes and you can earn EOS worth up to 50$.
Take a look at the introductory lessons on EOSIO and EOS here.
Our Choice | Safer Crypto Trading | ||
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eToro is a multi-asset platform offering CFD and non-CFD products. 67% of individual investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. | |||
Disclaimer All content on our website is for information purposes only and does not constitute a recommendation to buy or sell. This applies to assets as well as products, services and other investments. The opinions expressed on this site do not constitute investment advice and independent financial advice should be sought whenever possible. This website is not intended for use in jurisdictions where the trading or investment described is prohibited and should only be used by persons and in a manner permitted by law. Your investment may not be eligible for investor protection in your country or country of residence. You should therefore carry out your own due diligence. This website is available to you free of charge, but we may receive commissions from the companies we offer on this website. |
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