The cryptocurrency market is still in its infancy, and the future of blockchain-powered games is still unclear. But with a new token release by EOS coming up soon, we want to help you buy your first EOS coins before they’re too hard to get.
The receiving eos on coinbase is a step-by-step guide to buying EOS in 2021.
Cryptocurrency trading is one of the most recent developments, and many individuals are earning a livelihood from it.
Many others keep cryptocurrencies in the hopes of seeing their tokens’ value skyrocket or because they believe in the long-term viability of digital money as a medium of exchange.
However, there are over two thousand different cryptocurrencies to choose from. Many of these cryptocurrencies are tied to a specific blockchain-based project or service.
Let’s suppose you’ve done your homework on these blockchains and crypto tokens and have fallen in love with the EOS ecosystem. You now wish to purchase some EOS tokens and are unsure where and how to do so. Continue reading to find out.
QUICK GUIDE: BUYING EOS
- Go to the Coinswitch website to learn more.
- Within the “You send” box, choose the currency you wish to purchase.
- In the “What you get” box, type EOS.
- Select “View all offers” from the drop-down menu.
- Choose the best deal from the ones Coinswitch has to offer.
- Fill down your EOS wallet address and a note (if needed)
- Click the “Next” button.
- To make a payment and finalize your order, follow the instructions on the screen.
Before Purchasing EOS,
You’ll need a place to store EOS, just like any other cryptocurrency: an EOS wallet and account. If you choose to retain your EOS on a centralized exchange, you’ll be given a wallet address by the provider.
It is, nevertheless, preferable if you know your wallet address.
Getting a wallet for various cryptos is as easy as downloading software on your computer or smartphone, following a few basic steps, jotting down a password, and that’s it! Your address is given to you for free.
When it comes to EOS wallet addresses, things become a little more complicated.
There are instructions available, but it usually entails establishing a user-readable address (as opposed to the lengthy, complicated strings of letters and numbers seen on other blockchains), producing a pair of keys, and then purchasing network resources.
Yes, EOS wallets aren’t usually given out for free. You can expect to spend about 1-2 USD per one. However, there are no transaction costs after that.
Check out some of the applications and services developed on the EOS blockchain that provide free addresses from time to time.
Let’s suppose you’ve already got your wallet address and are ready to start.
Top 5 Exchanges to Purchase EOS
EOS isn’t some esoteric, newly-minted cryptocurrency. According to market capitalization, it regularly ranks in the top ten cryptocurrencies (out of over 2500): As of the writing of this article, cmc.io reported a trade volume of slightly over 3.3 billion USD worth of EOS in the previous 24 hours.
That means you can buy, sell, and trade EOS on a number of different exchanges. So, how do you decide which one to go with?
One thing to think about is how you’ll pay for your EOS tokens. Do you intend to purchase EOS using a credit card? Is it possible to make a bank transfer? Perhaps you already have some crypto tokens and want to use them to make a payment.
The first two transactions are fiat-to-EOS, while the third is crypto-to-EOS.
This is an important consideration when selecting an exchange since not all of them provide all of the choices. But, in general, the procedure is the same: first, open an account on the exchange, then fund it, and lastly, purchase EOS.
Let’s take a look at the top five EOS exchanges:
Any of the exchanges mentioned above, as well as a slew of others, are great locations to purchase EOS. We’ll walk you through the process of buying EOS on Coinswitch because of its simplicity and the large number of currencies accessible.
How to Buy EOS on Coinswitch: A Step-by-Step Guide
Coinswitch is a cryptocurrency exchange aggregator, which means that transactions do not take place on the platform. Rather, they connect you to a variety of different exchangers and assist you in finding the greatest price for your money.
They won’t supply you with wallets to store your tokens since they’re decentralized, so you’ll have to use your own. You won’t even need to register with any exchange.
Assume you wish to purchase 150 USD worth of EOS. Here’s how to do it step by step:
Go to coinswitch.co to learn more.
Select the currency you want to spend (USD) from the left-hand drop-down menu and enter the amount you want to spend (150). Then choose the currency you want to receive from the right-hand drop-down menu (EOS).
You will be given a rough estimate of how much EOS you will get. Select “View all offers” from the drop-down menu.
Coinswitch will provide a list of the many exchanges where you may make your buy. You may choose the suggested option by clicking on it.
Click “Pay with Visa/Mastercard” on this screen, and then continue to the payment page. That’s all! Make your payment and you’re done! Your transaction will take just a few minutes to complete, and you will get your EOS shortly after.
EOS wallets that are the best
[FAQs] for further information about EOS
What exactly is EOS?
EOS is the coin that drives the EOS.IO blockchain, to put it simply. EOS.IO is a smart-contract-capable blockchain that was established in 2018 with the goal of eliminating transaction fees and enabling millions of near-instantaneous transactions per second.
Delegated Proof of Stake (DPoS) is a consensus method used by EOS.IO, in which the blockchain governance is determined democratically by votes given by EOS token holders. As a result, if you possess any EOS, you may vote on how the blockchain operates.
Is it wise to invest in EOS?
The success of the EOS.IO blockchain is crucial to the viability of EOS as an investment. EOS.IO aims to provide a capacity of thousands of transactions per second with no transaction costs, making it a viable platform for dApp developers.
The ecosystem already has several excellent dApps, so the future seems bright. EOS is now worth $2.61 USD, and several price prediction systems project that it will reach $100 USD in the next year or two. In the long term, EOS seems to be a smart investment.
EOS is one of the most popular cryptocurrencies today, and the EOS.IO blockchain is becoming a more popular platform for building and deploying decentralized applications. The EOS ecosystem includes many great and entertaining applications, despite its technological problems.
You now know where to purchase EOS using a credit card, bank or wire transfer, or with crypto tokens you already possess. Purchase some EOS, explore the ecosystem, and have a good time.
EOS is a cryptocurrency that has been on the rise in recent months. It will be interesting to see what happens in 2021, when it is possible to buy EOS with fiat currency. Reference: how to buy eos on binance.
Frequently Asked Questions
How do I buy EOS stock?
You can buy EOS stock on Binance.com
Can you buy EOS on Coinbase?
The EOS token is currently not listed on Coinbase. It will be listed once the EOS mainnet launches, which is scheduled for June 2nd, 2018.
How do you trade EOS coins?
You can trade EOS coins on an exchange such as Binance.
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