Finder makes money from featured partners, but editorial opinions are our own. Advertiser Disclosure

How to register your EOS tokens before the June token swap

Learn everything you need to know to prepare for the June mainnet launch.

On June 2, EOS will be transitioning from the Ethereum network to its own mainnet. While this is undoubtedly an exciting time for the project and its supporters, it also means EOS token holders will need to make sure they register their tokens so that they don’t lose any holdings.

So, what do you need to do for the EOS June token swap and when? Let’s take a closer look.

Learn more 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. 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.

Why do I need to register my tokens?

The EOS tokens currently in circulation are ERC20 tokens on the Ethereum network. However, once EOS switches over from the Ethereum blockchain to its own mainnet in June, these tokens will be replaced with EOS coins issued on the EOS network.

The current EOS tokens will be frozen on the Ethereum blockchain before the launch of the mainnet. If you keep your EOS tokens in a wallet, then you’ll need to register your ETH address (where your current EOS tokens are held) to a public EOS key. The problem is that EOS doesn’t allow US residents to participate in the token distribution, so US holders won’t be allowed to register their tokens.

If you keep your EOS tokens on an exchange, the process is slightly different. The exchange may support the token swap and handle the process for you. If you hold your EOS tokens on an exchange, it’s very important that you check what your exchange plans to do regarding the mainnet launch. Failing to do so may result in the loss of your funds.

Once the mainnet has launched, a snapshot will be taken of the EOS holdings in all registered wallet addresses and used to determine the distribution of new EOS tokens.

When do I need to register by?

EOS holders must register their tokens by June 1, 2018. Within 23 hours of the final token distribution period on June 1, 2018, at 22:59:59 UTC, all EOS tokens will become fixed (ie, frozen) and will become non-transferrable on the Ethereum blockchain.

How do I register?

Because EOS blocks token registration for US residents, there’s only one way to register your EOS tokens:

Move your tokens to an exchange that supports the EOS token swap.

Many cryptocurrency exchanges have already announced that they’ll support the token swap. If you deposit your tokens into your account with one of those platforms, the exchange will look after the technical requirements of completing the registration. The following are some of the exchanges that have said they will support the swap:

  • Bitfinex
  • COBINHOOD
  • Kraken
  • Kucoin
  • OKX
  • GOPAX

Non-US residents can hold their EOS tokens in MetaMask, MyEtherWallet or Exodus, but they’ll also need to register the wallet address on the eos.io website.

Where to buy EOS

1 - 5 of 10
Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
Bank transfer, Cryptocurrency, PayPal, Debit/credit cards, Zelle
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND

747
cryptocurrencies

Sign up and get up to US$10 in rewards. Make trades to get up to US$500 in rewards. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Crypto.com App
Bank transfer, Cryptocurrency, PayPal, Wire transfer, SWIFT, Debit/credit cards
USD, EUR, GBP, COP, CHF, HKD, SGD, AUD, CAD, KRW, SEK, CNY, TRY, RON, JPY, NOK, MYR, BRL, DKK, ZAR, BGN, THB, INR, TWD, PHP, IDR, MOP, MDL, SAR, MXN, CLP

277
cryptocurrencies

Buy 760+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Kraken Cryptocurrency Exchange
Bank transfer, Apple Pay, Google Pay, SWIFT, Visa and Mastercard debit/credit card, ACH online banking, Digital Wallet purchases
USD, EUR, CAD, AUD, GBP, CHF, JPY, AED

183
cryptocurrencies

Buy, sell and trade a range of digital currencies on this high-liquidity exchange – suitable for beginners right through to advanced traders.
Uphold - Digital Asset Platform
Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay
USD, GBP, AUD, EUR, CAD, CNY, JPY, SGD, INR, NZD

242
cryptocurrencies

Refer a friend to earn US$20 — $10 for you and $10 for the person you refer.
Use the Uphold app to trade between 200+ cryptos and other assets in a single click.
Gemini Cryptocurrency Exchange
Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay
USD, AUD, CAD, EUR, GBP, SGD, HKD, COP

134
cryptocurrencies

Get USD 25 in BTC when you trade USD 100 within 3 days of signing up. T&Cs apply.
Execute multiple trade types with no fees on cryptocurrency and wire transfer deposits on this exchange.
Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
loading

Compare up to 4 providers

Prepare for the token registration before June 1 to ensure that you don’t miss out on the token swap.

At the time of this writing, the author holds IOTA and XLM.

More guides on Finder

Ask an Expert

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 finder.com 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