How to buy, sell and trade EOS coin in the US

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

Last updated:

Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

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 decentralized 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.

Quick guide: How to buy EOS

  1. Register for an account with a cryptocurrency exchange like Kraken.
  2. Verify your account.
  3. Enable two-factor authentication.
  4. Click "Funding" then "Deposit."
  5. Select a currency as the payment option, then choose your transfer method.
  6. Transfer funds into your account.
  7. Search for the desired cryptocurrency market.
  8. Enter the amount you want to buy.
  9. Review the transaction details.
  10. Click “Buy.”
Go to Kraken's site

This is our quick guide to just one way to buy EOS. Compare some other options in the table below.

Where to buy EOS

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Wire transfer
Online banking
USD

15
cryptocurrencies

Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.

Copy the trades of leading cryptocurrency investors on this unique social investment platform. Non-US residents can read our review of eToro's global site here.
Electronic Funds Transfer
Bank transfer (SEPA)
Wire transfer
Ethana Custody
USD, EUR, GBP, JPY, CAD, CHF

33
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.

UK residents: In addition to normal crypto trading, Kraken 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.
Cryptocurrency

6
cryptocurrencies

Disclaimer: Highly volatile investment product. Your capital is at risk.
Trade cryptocurrency derivatives with high liquidity for bitcoin spot and futures, and up to 100% leverage on margin trading.
Credit card
Cryptocurrency
USD

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Bank transfer (ACH)
Credit card
Debit card
Bank transfer (SEPA)
USD, EUR, GBP

19
cryptocurrencies

Get US$10 in free bitcoin when you buy US$100 or more of any crypto. T&Cs apply.
Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Cryptocurrency
-

114
cryptocurrencies

Buy and trade 100+ cryptocurrencies on this global cryptocurrency exchange.
Credit card
Debit card
USD, EUR, GBP

177
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for more than 35 cryptocurrencies on this global exchange.
Cryptocurrency
-

119
cryptocurrencies

Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
AdvCash
Cryptocurrency
Payeer
Perfect Money
Capitalist
USD, RUB

1419
cryptocurrencies

Pay in USD, RUB or trade crypto to crypto at this Russian-based cryptocurrency exchange with hundreds of coins listed.
Huobi Cryptocurrency Exchange
Cryptocurrency
GBP, USD, AUD, EUR, INR, BRL, KHR, CAD,CNY, NZD & 15+MORE

234
cryptocurrencies

Huobi is a digital currency exchange that allows its users to trade more than 190 cryptocurrency pairs.
Coinbase Pro
Bank transfer (ACH)
Bank transfer (SEPA)
Wire transfer
USD, EUR, GBP

26
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD

236
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
ShapeShift Cryptocurrency Exchange
Cryptocurrency
-

51
cryptocurrencies

Quickly swap between more than 40 cryptocurrency assets or use your credit card to instantly buy bitcoin.
Poloniex Digital Asset Exchange
Credit card
Cryptocurrency
Bank Wire
-

52
cryptocurrencies

Trade various coins through a global crypto to crypto exchange based in the US.
Gate.io Cryptocurrency Exchange
Cryptocurrency
-

36
cryptocurrencies

Bitit Cryptocurrency Marketplace
Cashlib
Credit card
Debit card
Neosurf
Bank transfer (SEPA)
EUR, USD, JPY, DKK, GBP, SEK, NOK, TRY & 5+ more

50
cryptocurrencies

Buy cryptocurrency with cash or credit card and get express delivery in as little as 10 minutes.
CoinBene Cryptocurrency Exchange
CoinBene Cryptocurrency Exchange
Cryptocurrency
-

50
cryptocurrencies

loading

Compare up to 4 providers

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 US 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 fiat currency

If you want to buy EOS with US dollars, here’s an example of how you can do it on the cryptocurrency exchange Changelly:

Step 1. Register for a Changelly account

EOS is listed on a huge range of exchanges, but only a select few of them allow you to buy with US dollars. You can register for a Changelly account by providing the following:

  • Your name
  • Your email address
  • Your phone number
  • Proof of ID
  • Proof of residency
  • A photo of yourself holding a signed statement

Don’t forget to also enable 2-factor authentication on your account before proceeding to step 2.

Go to Changelly's website

Step 2. Deposit funds into your account

Once verification is complete, log in to your account and click on the “Deposit USD” link from your account dashboard. Changelly accepts online deposits via debit and credit cards.

Step 3. Buy EOS

When the funds have cleared in your account, click on the “Buy/Sell” link at the top of the screen and search for EOS in the list of supported currencies. Click on “Buy EOS” and then specify either the amount of EOS you want to buy or the amount of USD you want to spend.

Make sure you take a moment to review the full details of your purchase before clicking “Buy” and submitting your transaction.

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 the best EOS wallets

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’s 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 this 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.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site