Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has EOS, and is trustworthy!
You can find our top 3 exchanges for buying EOS here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy EOS
And of course, the final step is to find EOS on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy EOS (EOS)
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How to Sell EOS
- Sign into the exchange
- Find where you stored your EOS, either on a hardware wallet or on the exchange.
- Transfer your EOS to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell EOS.
Considerations when looking to buy EOS.
EOS is a platform for developers that allows them to create decentralized apps (also known as DApps).
The project's objective is simple: make it easy for programmers to adopt blockchain technology and to make the network easier than other networks. Developers who are looking to quickly build functional apps will find tools and educational resources to help them.
Other priorities include providing greater scalability than other Blockchains. Some of these blockchains can only process fewer than a dozen transactions per minute.
EOS also seeks to make users and businesses happier. EOS aims to provide greater security and less friction to consumers. However, it also aims to increase flexibility and compliance for businesses.
In June 2018, the blockchain was launched.
EOS.IO could be considered an operating system like Windows or iOS. However, EOS.IO aims to make its users familiar. EOS.IO can be compared to Windows or iOS but EOS.IO is the cryptocurrency that drives it.
The company claims that it can handle the needs of hundreds or even thousands of DApps, even if they are being used by large numbers of people. This efficiency is attributed to parallel execution and a modular approach.
Token holders can vote for block producers in a unique twist.
EOS has some distinctive features that critics don't like the best. Some argue that Block.one is too involved in this project, which could be a problem because this is what blockchains and cryptocurrency were intended to do.