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How to buy, sell and trade EOS coin

Read our beginner’s guide to buying the EOS cryptocurrency in Hong Kong.

Following the highly anticipated launch of its mainnet in June 2018, EOS has continued to cement its position as one of the world’s largest cryptocurrencies by market cap. Providing the infrastructure for the development of decentralised applications (dapps), EOS aims to dethrone Ethereum as the world’s number-one blockchain-based dapp platform.

If you want to buy EOS but don’t know how, you’re in the right place. Keep reading for step-by-step instructions on how and where to buy EOS.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy EOS

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

820
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in GateTokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
AAX Cryptocurrency Exchange
AAX Cryptocurrency Exchange
Alipay, Bank transfer, Cash, Neteller, PayPal, Qiwi, SWIFT, WeChat, Western Union, UPI, IMPS, Paytm, Faster Payments (FPS), PayNow, Swish, Payme
AUD, CAD, CNH, CHF, EUR, GBP, HKD, NZD, SGD, USD

110
cryptocurrencies

Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

315
cryptocurrencies

Promo: New users earn up to USD 100 in bonus rewards on qualified deposits and trades. Valid till 31 December 2021. T&Cs apply.
Finder Exclusive: Get 10% discount on your fees when signing up through Finder.
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Coinmama Cryptocurrency Marketplace
Bank transfer, Credit card, Cryptocurrency, Debit card
USD, EUR, AUD, CAD, GBP, JPY

10
cryptocurrencies

Founded in 2013, CoinMama lets you buy and sell popular cryptos with a range of payment options and quick delivery.
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

434
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Bittrex Global
Bank transfer, Credit card, Cryptocurrency, Debit card
USD

280
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
Bitfinex Professional Trading Exchange
Credit card, Cryptocurrency, Bank Wire
USD, EUR, GBP, JPY

168
cryptocurrencies

Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
OKEx Cryptocurrency Exchange
Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)
USD, CNY, EUR, ARS, AUD, BGN, BRL, CAD, CHF, COP & 20+ more

271
cryptocurrencies

Promo: Earn US$10 in BTC when you refer a friend and they purchase $100 of cryptocurrency. T&Cs apply.
Listing over 100 cryptocurrencies, OKEx offers its users a variety of payment methods and coins to choose from.
Coinbase Digital Currency Exchange
Bank transfer (ACH), Credit card, Debit card, PayPal, Bank transfer (SEPA)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

73
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Huobi Cryptocurrency Exchange
AdvCash, Cryptocurrency, SWIFT, Wire transfer
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+ more

228
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
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A step-by-step guide to buying EOS

In general terms, there are two main options to choose when buying EOS:

If you’ve just discovered cryptocurrency and you don’t have any trading experience, the quickest and easiest option will most likely be to buy EOS with Hong Kong dollars. However, for your convenience, we’ve included step-by-step instructions on how to buy EOS with fiat currency and with another cryptocurrency.

Buying EOS with another cryptocurrency

You can also acquire EOS by exchanging another cryptocurrency for it. Here’s an example of how you can buy EOS with another digital currency on Binance:

Step 1. Register for a Binance account

EOS can be traded on a huge number of crypto exchanges, so compare the features of a number of platforms that list EOS before choosing the right one for your needs.

If you want to use Binance, one of the largest exchanges in the world, you can sign up for an account by entering your email address and creating a password. You should also make sure to enable 2-factor authentication on your account for increased security.

Step 2. Deposit cryptocurrency into your account

The next step is to decide which cryptocurrency you want to exchange for EOS. Binance lists EOS in trading pairs alongside bitcoin, Ether, Tether (USDT) and Binance Coin (BNB). If you need help acquiring any of these currencies, check out our how-to-buy guides:

Once you’ve decided which coin you want to deposit, find the correct deposit address by logging in to your Binance account, clicking “Funds” and selecting “Deposits”, and then searching for your chosen currency. Copy the wallet address or scan the QR code provided to ensure you’re sending funds to the right place when making a deposit from your external wallet.

Step 3. Buy EOS

The last step in the process is to click the “Exchange” tab in your Binance account and decide whether you’d prefer the “Basic” or “Advanced” trading view. It’s then a matter of searching for the pair you want to trade, such as “EOS/BTC”, selecting the type of order you want to place and specifying the amount of EOS you want to buy.

Regardless of whether you’re using Binance or any other platform, remember to review the transaction details before you click “Buy EOS”.

How to sell EOS

If you want to sell EOS coins, the process you’ll need to follow is similar to that described in step 3. EOS can be traded against a number of fiat and cryptocurrencies, so take some time to find an exchange that offers your desired currency pair.

Of course, when placing your trade, remember to use the “Sell EOS” part of the trading screen.

Which wallets can I use to hold EOS?

EOS tokens were originally issued as ERC20 tokens on the Ethereum blockchain. However, following the launch of the EOS mainnet in June 2018, these ERC20 tokens were exchanged for coins issued on EOS’s own blockchain as part of a token swap.

As it’s still early days for the EOS mainnet, there’s currently only a limited number of wallets that support EOS coins. Options include mobile wallets like Infinito Wallet, the SimplEOS desktop wallet and the Scatter browser extension.

Check out our guide on EOS wallets for more tips on safely storing EOS.

How EOS works

EOS is designed to provide developers with everything they need to create and deploy commercial-grade dapps. Its end-to-end software solution includes user authentication, accounts, storage, server hosting and more. It is also designed to scale to millions of transactions per second.

EOS uses a delegated-proof-of-stake (DPoS) consensus mechanism that allows EOS coin holders to select block producers through a continuous approval voting system. Anyone can participate in block production if they wish, with new blocks produced every 0.5 seconds.

EOS was built by a company known as block.one, led by CEO Brendan Blumer and CTO Daniel Larimer. Larimer is a highly regarded figure in cryptocurrency circles and has previously spearheaded the development of blockchain projects Steem and BitShares.

Read our complete guide to EOS.

What to consider before you buy EOS

Before buying EOS or any other cryptocurrency, it’s essential to do your own research into how the currency works and the factors that could potentially affect its price. Digital currencies are complicated, volatile assets, so make sure you’re fully aware of the risks involved before making a purchase.

If you’re thinking of buying EOS, consider the following factors:

  • Supply. According to CoinMarketCap, at the time of writing (July 2018), the circulating supply of EOS was 896,149,492. The maximum supply of coins is 1 billion EOS, with 10% (or 100 million) of those reserved for block.one.
  • Competition. EOS is far from the only challenger to Ethereum, with NEO, Cardano, Qtum and a host of other platforms competing for market share. Competition from these projects could have an impact on the level of widespread adoption EOS achieves.
  • White paper. If you want to know more about the technology behind the EOS platform, check out the EOS technical white paper.
  • Airdrops. Many projects that launch their own cryptocurrencies on the EOS blockchain also conduct airdrops of their own tokens to EOS holders. Find out more about how this works in our list of upcoming EOS airdrops.
  • Partnerships. In the first quarter of 2018, block.one announced a partnership with digital assets merchant bank Galaxy Digital to develop the EOS ecosystem and invest in projects that use EOS blockchain software. It also joined forces with German fintech incubator FinLab AG to develop projects using EOS software.

By considering a wide range of factors that could potentially affect the price of EOS, you’ll be able to make an informed decision about whether you should buy EOS.

FAQs

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Images: Shutterstock

Disclosure: At the time of writing, the author holds ADA, ICX, IOTA and XLM.

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