EOS happens to be one of the newest block chain project that entered the world crypto currency market. The objective of EOS is to build a network that has the ability to process millions of transactions every second. The initial coin offering (ICO) of EOS has been very interesting for lots of reasons. In case you don’t know what ICO means, ICO is a method for every new crypto currency project to raise fund, instead of collecting fiat currency, the ICO allows EOS to raise money via the popular crypto currencies like Ethereum or bitcoin.
In 26th June, 2018 the EOS ICO started and ran till July 1st 2019. That is about 350 days of initial offering making it the biggest Initial coin offering in history. The team behind EOS made this to ensure that every individual have the opportunity to get involved and buy some EOS for themselves.
The EOS ICO was able to raise the equivalent of over 2 billion dollars, making it one of the biggest and most successful ICO in history. After the ICO, EOS released about 700 million tokens to the public which represents 70 percent of the total EOS that is supplied.
EOS has the objective of decentralizing the block chain to process a free and fast transactions, which also gives smart developers the opportunity to build and release DApps on it. They intend to build a platform that functions like an operating system which will simplify its usage. Both EOS and Ethereum have the possibility of hosting DApps which is supported by smart contracts, but the big differences between them is the number of transaction each network can process. This is known as scalability which happens to be the most vital thing to consider when you want to analyse the potentials of any block chain.
How To Buy EOS Coin
To buy EOS coin, you can buy from an online EOS coin exchanger. There are three world class online exchangers we would love to recommend for you for a safer transaction, they are:
Coinbase is a globally recognized digital currency asset and exchange company that has a platform where anyone can buy and sell all kinds of digital currencies worldwide. Coinbase also sends all vital information about your transactions to block chain network so that it can be verified.
Coinbase also serves as a wallet where all your digital currencies can be safely stored. In their platform, they exchange different types of cryptocurrencies such as Ethereum, Litecoin, Bitcoin, EOS coin and also other fiat currencies in over 70 countries.
Coinbase has over 30 million customer base and has facilitated the exchange of digital currencies worth over 50 billion dollars since its establishment in 2012. So if you are interested in buying EOS coin or trading in digital currencies in today’s digital world, then we recommend you sign up with Coinbase.
When buying and selling cryptocurrencies, Coinbase expects you to link your bank account or debit or credit card (whichever you prefer) to your account with Coinbase to be able to buy cryptocurrencies. To use a bank account in Coinbase enables you to have higher limit which is $100 per transaction and $2, 500 per week, but the disadvantage is that it takes long to verify such transactions, so you will definitely see your money between two to four days in your Coinbase wallet depending on your bank. But for those who want to sell digital currencies, once you have confirmed the sales, it will also take between two to four days for your proceeds to reflect in your bank.
For those with debit or credit cards on their Coinbase wallet, a lower limit of $200 per week is given, though you can still buy cryptocurrencies by transferring money from your bank to the Coinbase web portal and your bitcoin will show up in your Coinbase wallet instantly.
Binance is a cryptocurrency trading platform that offers the most competitive crypto rate in the world. Binance allow users all over the world and they have received lots of positive reviews from cryptocurrency traders. Recently, they have partnered with top Israel based Payment Company called Simplex to enable credit card buying of cryptocurrencies at a premium.
Binance was launched on July 2017. Their operation consist of crypto to crypto exchange which means that they don’t facilitate fiat currencies. Their partnership with Simplex will allow them to run brokerage services that will enables you to buy up to 6 different cryptos with your credit card and a service fee of 3.5% will be charged by them.
Binance only accepts crypto deposit in their platform, meaning that you can transfer your EOS coin from Coinbase to Binance. Note that all the coins that are supported by Binance can be deposited and withdrawn at any time.
Kucoin is the best and fastest growing crypto exchange in the world. They are also known as the people’s exchange and for first time investors and advanced users who love cryptocurrencies, it is very simple and easy for them to use their platform. They have whole lot of altcoin on their platform and are also adding more on a regular bases. Kucoin’s objective is to offer low fee for both withdrawing and trading. Zero deposit fee and their trading fees are only 0.1 percent on whatever you purchase making it very affordable to use their platform.
To ensure you get good trading experience, whether you are buying or selling EOS coin, we recommend you register with the above mentioned exchange (Coinbase, Binance and Kucoin) for safer transactions.
Why You Should Buy EOS Coin
There are lots of crypto currencies in the market right now, but EOS however seems to be very legit both the EOS.IO and the EOS token it selves. It has been able to gather lots of attention from the public upon their initial coin offering (ICO) and the release of the token. A lot of people globally are very attracted to EOS and the idea of faster block chain which improves scalability and performance. This is the right time to buy and store EOS to make more money in the future having shown the ability to increase in value. So buy now!