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. If you are a beginner to crypto, you might https://www.tokenexus.com/ want to avoid using DEXes due to their complexity and limited support of cryptocurrency assets. Few, if any, DEXes support EOS, which leaves you with the option of using a CEX. EOS and EOSIO are two related blockchain platforms that support decentralized applications, also known as dApps. For example, Binance is based in Tokyo, Japan, while Bittrex is located in Liechtenstein.

Buying EOS with a Debit Card

As shown by the directional arrows, to set up a sell limit order, you will use the [From] form field, while if you are looking to buy, you will use the [To] form field. Below that is a [Duration] tab through which you can set up how long you want your order to remain active as you await the asset price to rise or fall to your desired level. If the price does not reach your target level, the order will be canceled automatically according to your settings. You may also choose to label this order for easy identification on your order history page, but this is optional.

• Investing in EOS is the option chosen by a lot of new crypto users.
• There will be only 955,500,328.48 EOS tokens ever in circulation.
• EOS runs on two core components; the EOS.IO and the EOS token.
• Inside Bitcoins has a dedicated team of market experts that give daily analysis of the crypto market.
• EOS is the native cryptocurrency on the EOS blockchain network.
• The number of fees will be affected by the payment method you have chosen.

Which is the best trading platform for EOS?

Also, some credit card issuers may bracket your EOS purchase as a “cash advance.” This will see you pay a fee to complete the transaction. This could range between 3 and 5% depending on your credit card issuer. You may need to look at the fine print before choosing this option.

How to Sell Your EOS

This means that there’s not much scope for growth of EOS during this year. We strongly advise investors to not get swayed by their emotions and to consider the market movement to come to any conclusion. It is best to do extensive research because it is always better to be safe than sorry. We also would like to press the point to study the currency’s past behavior and trends, and also future prediction. Its price then hiked and reach around $2.823 during the year 2017.

Best Crypto Exchanges

Our example using Uphold shows how simple it can be to get your hands on some EOS coins. The process is straightforward as long as you have a functional bank account or debit card. The short term investment is made by those traders who want to use the unpredictability of the EOS token price to their advantage and earn quick profits. They rely on temporary surges and crashes to make their move and are generally profit-driven. For these types of investors, brokers and trading platforms are a better fit since they offer financial instruments of cryptocurrencies. Now that you know that there are two ways to invest, it is time to understand which approach is the right fit for you.

How reliable is EOS?

This feature is beneficial for investors looking to purchase assets regardless of the price or those looking to average into a position through the dollar-cost averaging (DCA) technique. The Repeat feature on Uphold enables the platform’s users to set up automatic buy, sell and exchange orders executed at regular predetermined intervals. It could be daily, weekly, or even monthly at the specified time and date.

Plus500 – Regulated Platform Offering Different Asset Classes

EOS can be purchased with Bitcoin and Ethereum on many exchanges. If you want to buy and sell EOS through an exchange and store it safely it’s a good idea to spread your investment between different EOS wallets. It is never a good idea to keep all your valuable digital assets in one place as a security breach or personal mistake could see you lose your investment. Okay, let’s look at the different cryptocurrency wallets available to store EOS coins. As brokers don’t involve the actual transfer of coins, deposit fees tend to be fewer than on exchanges.