Yet there are some features of EOS that make it stand out, providing additional reasons to consider buying it. Firstly, EOS blockchain technology is entirely free to use – they do not charge any fees for transactions made on their network. This is seen as a huge benefit because other ways to make transactions (such as Bitcoin Cash and VISA) will charge a small fee to do so.
It is a relatively new player, having launched in 2017 but went to raise a record-breaking $4 billion in its June 2018 ICO. According to the system developers – Block.one – EOSIO seeks to solve the Bitcoin and Ethereum’s inherent problems. These include creating an open and free platform for the development of faster, more secure, and simpler decentralized applications. The main risk is that the price declines after you have purchased EOS.
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During it’s ICO, block.one, the company behind EOS.IO raised over $4billion in an ICO that lasted one year, a record for an ICO. The team are now using this money to help further develop the EOS ecosystem. We made this website to help other Brits buy cryptocurrency safely.
The fact the ICO raised so much money in just a year was impressive. It also caused EOS to gain a lot of attention from both the press and investors. To understand https://www.tokenexus.com/waves/ what it is, it’s good to know a bit of the history behind it. The creator of the project is Dan Larimer, and the company developing it is called Block.One.
How To Buy EOS (EOS) With Credit Card, Debit Card, Paypal & eWallets
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If you want to trade EOS CFDs, AvaTrade UK offers you the opportunity to Sell (go short) or Buy (go long) on all EOS trades, regardless of which way the digital currency is moving. Access to trade EOS CFDs is available 24/7, plus you can use your preferred trading strategy to sell or buy EOS. Since the cryptocurrencies market is so volatile, there are endless trading opportunities.
Step 3: Fund your eToro Account
We have come up with a few factors that you must consider when vetting trading platforms that list EOS. Because of the popularity and the hype with which EOS hit the ground running, it was quickly picked up by most crypto trading exchanges and brokerages. Today, it is one of the most accessible cryptocurrencies, which also makes it one of the easiest cryptocurrencies to buy. It is currently available both as an actual crypto token and also as an EOS derivative, especially the EOS CFD availed on brokerages like eToro and EOS futures available on Binance. EOS tokens have a net positive return on investment (ROI) and experts are convinced that it has what it takes to sustain an uptrend over the long term.
Is EOS a stable coin?
It has a circulating supply of 2,642,505 EOSDT coins and a max. supply of 170,000,000 EOSDT coins. EOSDT describes itself as the first USD-pegged decentralized stablecoin based on the Equilibrium framework and the EOS blockchain. EOSDT is transparently backed by EOS collateral sitting on smart contracts.
Much like many other cryptocurrencies (including Bitcoin), EOS uses blockchain technology to provide its services. In its simplest sense, blockchain tech allows for a vast, decentralised collection of accounts and transactions – also known as a ledger. This ledger is hosted on a secure computer network, which means that all of the computers within the network can be trusted.
However, the PayPal deposit option is not available to everyone, only in countries where both eToro and the preferred eWallets have an established presence. EOS token price broke above $10 How to buy EOS for the first time on 19th December 2017, before peaking at $16 on 13th January. As the rally momentum died down, EOS token prices corrected downwards and dropped to $4 by mid-March 2018.
- However, where DPoS diverges from the more widely used Proof of Work (PoW) method is in the mining aspect – or lack thereof.
- So you decide whether to base your trade on the price going up (to buy), or going down (to sell).
- Its decentralized nature enables the development, hosting, and implementation of commercial-scale dApps on its platform.
- Therefore just like on Reddit most topics of discussion about EOS tend to revolve around its price action – current, past, and future.
The other risk to be aware of is the risk of unauthorised access to your EOS holdings; however, you can combat this by utilising a crypto wallet. The sign-up process takes less than ten minutes, and you can invest from as little as $25. Alternatively, you can also buy EOS through many of the top crypto exchanges. Another risk to be aware of is the risk of unauthorised access to your EOS holdings. This was touched on in the previous section, but this risk is notable due to the digital nature of cryptocurrency. As you will never physically ‘hold’ EOS coins, they must be stored online – which means that there’s always a small chance that someone could hack into your account and access them.
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Unlike Bitcoin (BTC) – where transactions require full consensus – DPoS uses a democratic process to choose the next block creators. Alternatively, you can buy EOS instantly with a credit or debit card. While it’s a bit more convenient, you will pay twice as much in fees (2%). And in 2023, you can deposit GBP into Coinbase using a UK bank transfer for FREE.
One that poses the most appeal to traders is the option to apply leverage. However, it is not as simple as staking the highest amount you have into EOS trades. You also have to calculate the risk and handle your funds accordingly. Every trader creates a plan that will cater best to the current market.
With so many options available, and so many features to compare, it can seem a daunting task to narrow down the choices to one specific trading platform. AvaTrade UK provides ready access to EOS CFD trading around the clock. You can go long (BUY) with EOS CFDs, or go short (SELL) with EOS CFDs. In fact, it is possible to profit off this digital currency regardless of the direction of price movement, provided you make the right trade.