Like top digital asset Bitcoin, EOS blockchain uses a hard-cap limit on the number of its token in circulation. There will be only 955,500,328.48 EOS tokens ever in circulation. Many investors joined the crypto ship all because of the phenomenal returns the emerging sector posted.
Where to Buy EOS in the UK?
Ledger Nano S – This hardware wallet is both appealing and versatile. With it, you can store your favorite digital currencies, including EOS. The Nano S offers a built-in LED screen, along with features that allow you to confirm transaction information anytime you want. It’s easy to configure and set up so you can plug it right into your laptop’s USB port. You can use cash or a card to make a purchase and the coins you buy will be transferred to your wallet. However, this is a much slower process than using an online platform, and the fees can be exorbitant.
For example, a credit card is a convenient mode of payment but is also a bit costly. Similarly, wire transfer is economical, but money can take days to show up in your account. Regardless of the investment approach you take, the responsibility of managing your risk lies on you. How to buy EOS Ensure that you are only spending an amount, the loss of which won’t get you into serious financial difficulties. Cryptocurrency markets are highly volatile, and while they are conducive for earning quick profits through sudden surges, price crashes can also sink your capital.
Known as a ‘SIM swap’ attack, hackers can convince your mobile carrier to switch your phone number over to a SIM card they own. While a safer option than web wallets, these wallets are far from infallible. You will need to research and identify those that have a long track record of keeping funds safe. Popular desktop wallets to sore EOS include Atomic Wallet and Jaxx Liberty. No matter where you buy and sell your EOS, you will most often be charged fees of some kind.
If this is your first time using Uphold, you will be required to add a bank account or debit card to purchase your desired asset using fiat currencies. If you prefer to use FIAT currency such as USD, GBP, or EUR, Binance allows you to fund your account using your credit/debit card through their payment partner, Simplex. However, it’s wise to be aware that Binance will charge a fee of 1.8% if you fund your account using this method.
How to Buy EOS on Uphold (step-by-step)
Its equity potential (the possibility to increase in value) makes it worthy of consideration for modern portfolios. We cannot outright say whether or not EOS is a good investment. However, we can give pointers to help you arrive at that decision yourself. You can buy immediately at market price or set a price you’d like to buy at. You’ll receive an email verification link when you create an account. Complete your profile by submitting details like your date of birth and a passport photo, after which you submit KYC documents.
- Popular desktop wallets to sore EOS include Atomic Wallet and Jaxx Liberty.
- The beefier your computer, the more Bitcoin you’d earn as a reward.
- Bank transfers are also an option, albeit, this might take a day or two to process.
- To see how easy it is to buy EOS on eToro, just follow the step-by-step tutorial further up this page.
- We recommend eToro as it offers 0% commission and this can improve your stake in EOS without undermining your purchasing power.
- This basically allows you to gain from EOS’s price swings without outrightly owning the asset.
The latter can be downloaded free of charge via Google Play or the Apple Store. The other option is to deposit funds into your Coinjar account via a bank transfer – which is free of transaction fees. Once the funds land in your account, you can then buy EOS in the UK at a commission rate of 1%. In terms of safety, Coinjar has a great reputation in the online cryptocurrency scene. In fact, the platform has been offering digital asset services since 2013 – so it’s highly established.
Step 3: Withdraw your EOS tokens to your wallet
As a popular cryptocurrency, EOS can be purchased from pretty much any crypto platform. While this array of choices may seem overwhelming, this guide should show you the top options and whether they’re right for you. Revolut
is a fintech company that provides banking services through an app. As you might expect for a modern digital bank, Revolut is very crypto-friendly. It doesn’t block payments to crypto platforms, and you can even buy and sell crypto through the Revolut app itself.
- Enter the amount of EOS you want to sell and confirm the transaction.
- So we will go through how to safely store and secure your EOS further down this page.
- Although Uphold doesn’t offer savings accounts, you can stake more than 20 altcoins to earn rewards of up to 25% APY in weekly payments.
- Another risk to be aware of is the risk of unauthorised access to your EOS holdings.
- As with other exchanges, the first step to purchasing EOS on Bitfinex is to set up an account.
EToro, for example, is regulated by the FCA and covered by the FSCS (non-crypto assets). This means that you can buy EOS in the UK in the knowledge that you are using a safe and trusted platform. Although we briefly explained how to buy EOS in the UK in our quickfire guide further up on this page – this might not be sufficient if you’re a complete beginner. Instead, you might need a more detailed walkthrough – especially if this is your first time buying digital tokens online.
Limit or Market Order
The metric of a cryptocurrency’s market capitalization, or market cap for short, is one of the most cited metrics when discussing the size of a cryptocurrency’s market. The most popular trading venue for EOS is Binance, where the EOS/USDT pairing (USDT is a stablecoin called Tether) accounts for 5.53% of all trading volume. Binance pairings account for four of the top ten most popular markets for EOS.