EOS.IO is software that introduces a blockchain architecture designed to enable vertical and horizontal scaling of decentralized applications (the “EOS.IO Software”).
The resulting technology is a blockchain architecture that has the potential to scale to millions of transactions per second, eliminates user fees and allows for quick and easy deployment of decentralized applications. For more information, please read the EOS.IO Technical White Paper.
Now that you have a background on the EOS.IO project, heres how you buy EOS, the ERC-20 token used on the network.
EOS is obtainable for Bitcoin and Ethereum on several exchanges. Here are the two that we recommend:
Both of these exchanges are limited to cryptocurrency, so we can’t directly purchase EOS with US dollars or euros. We must first purchase Bitcoin or Ethereum on a fiat exchange like Coinbase or Coinmama.
For more information on purchasing Bitcoin or Ethereum, check out our guides on purchasing Bitcoin and Ethereum. If you already own these currencies, or know the process, keep reading to learn how to buy EOS!
Buying EOS on Binance
Binance is one of the most popular cryptocurrency exchanges and has extremely low fees at .05%. They have never been hacked, and hold all sorts of contests for its users to participate in. To get started buying EOS on Binance, you will need to create an account.
Once you have made your Binance account, mouse over the funds area on the navigation bar and click Deposits. This page gives you access to every single cryptocurrency on Binance deposit address.
Deposit addresses are what we use to send transactions in cryptocurrency. If you are unfamiliar with this, keep reading and we will teach you how to send a transaction!
Below are MY deposit addresses for Bitcoin and Ethereum on Binance. Find your deposit address for the currency you initially purchased, and copy the address as we will need it for the next step.
In order to send Bitcoin or Ethereum from Coinbase, you will need to go to the accounts tab and click send. In this example I am transferring Bitcoin to my Binance address, but the process is the exact same for Ethereum.
After your Bitcoin or Ethereum arrives to Binance, you will need to go to the trading pair of the currency we sent.
Once on the correct page, you will see something like this. Please note that the prices will be different that what you see in the picture. Enter your order in the bottom middle section. If you do not want to deal with order books, you can click the market tab and buy EOS at the going rate.
The other way of making a trade on Binance is a limit order. Limit orders work by specifying conditions that an order will execute at. For example I could make an order that says I will buy 50 EOS with Bitcoin if and only if the ratio between the two reaches .0006 BTC. Use the order book which is highlighted in red, and the chart to get a good idea of a fair price for EOS.
Once your order is filled, you have successfully purchased EOS! Hold onto it as its value should only go up in the future.
Buying EOS on Changelly
Changelly is one of the simplest methods of purchasing EOS. It is recommended that you own other cryptocurrencies such as Bitcoin or Ethereum before using Changelly, but it is possible to convert your dollars or Euro’s to EOS on Changelly. Your conversion rate will not be as good however.
Changelly operates different than most exchanges because it never actually holds your coins. You send coins to an address, and the coin of your choosing is sent to an address that you designate, at the going rate. It is completely safe and used by millions of people.
To get started, create an account on Changelly. They have an extremely easy sign up process. Go to the main page of the site and select an input and output currency.
The input currency is the cryptocurrency you are sending to the address, and the output currency is the currency you want to receive. In the example below I am sending BTC and receiving EOS.
Once you have your EOS address, enter it into the field.
After hitting next, you will be asked to send the Bitcoin or whatever input currency you selected to an address. Changelly is completely trustworthy exchange, and will deliver your EOS quickly.
How to Buy EOS with Credit Card
EOS is limited to crypto to crypto exchanges, so that means to purchase EOS via credit card we must first purchase Bitcoin or Ethereum on a fiat exchange, and then send it to a secondary exchange where EOS is sold on Bitcoin and Ethereum pairs. Read the above tutorial to learn how to buy EOS on Binance and Changelly.
How to Buy EOS with Debit Card
EOS is only available on crypto to crypto exchanges. So to buy EOS via debit card, we need to first buy Bitcoin or Ethereum using a fiat exchange like Coinbase using our debit card and then send the purchased cryptocurrency to an exchange like Binance where EOS is sold on Bitcoin and Ethereum pairs.
How to Buy EOS with a Bank Transfer or Bank Wire
How to Buy EOS with Skrill
The best to get EOS with Skrill is to get Bitcoin or Ethereum on Bitpanda. After purchasing Bitcoin or Ethereum on Bitpanda, you can send it to any exchange listed above like Binance. Bitpanda is only available to European countries so make sure your country is supported.
How to Buy EOS with Paypal
To get EOS with Paypal, we must first purchase Bitcoin on Virwox. Virwox is an exchange that allows you to convert Paypal balance into Bitcoin. After we have Bitcoin we can send it to Binance and purchase EOS like the above tutorial!