Where to Buy EOS (EOS)

EOS (EOS)

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How to Buy EOS (EOS)

When a new software is dubbed the “Ethereum Killer,” you’re probably making the right investment. EOS is an up-and-coming decentralized operating system that is looking to support industrial-scale decentralized applications.

Its biggest goals? They are planning to completely remove transaction fees and conduct millions of transactions per second. Millions per second — you read that right.

But EOS is not all talk, it’s got the legs to walk on as the CTO behind the project is the creator of the “proof-of-stake” algorithm and the man behind BitShares and Steem.

 

What makes EOS different from Ethereum or Bitcoin?

EOS’s operating system is looking to surpass BTC and ETH in scalability and latency by providing more transactions per second and enabling both horizontal and vertical scaling of decentralization. Other key differences include:

  • Delegated “proof-of-stake” blockchain vs. delegated “proof-of-work”
  • “Transaction’s Proof Of Stake feature that requires every transaction in the system to have the “hash” of the recent block header

EOS is a promising competitor to Ethereum and Bitcoin, so let’s get you set up with some tokens before more people catch on.

Open Up A Coinbase Account

Although EOS is poised to be Ethereum and Bitcoin’s rival, we will still need to buy some BTC and ETH. You can buy BTC or ETH from from Coinbase, but if you’re not able to get in, you can try buying the coins from Coinmama — the tutorial will be the same for both. Skip ahead to the next step if you already have some BTC or ETH stored in your wallet.

Create A Binance Account

We will be traveling to the cryptocurrency marketplace for our next step. There, we will use our BTC or ETH to buy other coins. There are several marketplaces where you can purchase EOS on, but we will be using Binance for today’s tutorial. Open up and account and then proceed to the next step.

Send BTC or ETH to Binance

This may seem confusing, but all we’re basically doing is moving our BTC or ETH from our Coinbase wallet to our Binance wallet. Here are the main steps:

  • Tap on “Wallets” on Binance
  • Locate “BTC” or “ETH”
  • Press Deposit”
  • Select and copy the address (what we call the address string)
  • Head on back to Coinbase
  • Click the “Accounts” label on Coinbase
  • Find the BTC or ETH wallet & select “Send”
  • Place the Binance wallet address into the Coinbase recipient address bar
  • Fill out how much you want to roll over and then send it off!

Easy, right? Here are some screenshots describing the steps using ETH for reference:

Purchase EOS (EOS) on Binance

Now that you’ve migrated your BTC or ETH to your Binance wallet, you can finally purchase EOS. Find “Markets” and then identify the BTC/EOS or ETH/EOS market. It’s in these markets that you’ll issue that price per coin, amount of coins you want, and then eventually purchase EOS.

See below for reference:

Evaluate & Keep

There you have it. Now that you finally got your hands on some EOS, you can either store them in your wallet, or head back to the marketplace to purchase other cryptos. The choice is yours!

 

Am I done?

You are! If you have any other questions about the process or need us to clarify some steps for you, please refer to the chat window to your right.

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