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You then need to deposit funds into the account before you can start trading. There is no standard investment limit when it comes to crypto investing. The minimum is often determined by your preferred crypto trading platform.

• Yes, it is legal to buy, sell, and exchange EOS and other cryptocurrencies in the UK.
• EOS is the digital currency used on the EOS.IO blockchain platform, which was developed by the innovative software company Block.one.
• EOS ran a year long ICO (between June 2017 and June 2018) in which it managed to raise over $4 billion.
• Above all, you should never invest more than you are willing and can afford to lose.
• The future of the EOS coin is dependent on the success of the EOS blockchain.
• Soon, towards the third quarter of the year 2017, it saw an all-time low and fell below $0.50.

If you’re looking for a quick workaround you could always buy Bitcoin with cash or PayPal on LocalBitcoins, then trade it for EOS on Binance. Coinbase accepts debit cards, wire transfers and domestic transfers such as ACH or SEPA. There are different ways to create an account, depending on the wallet you’ve chosen. Some wallets create the EOS account name for you, others will show you how to create it yourself and in some cases this could cost a few bucks. EOS (EOS) is in the top 1,000 cryptocurrencies by market cap, valued at US$814,849,435.

How To Buy EOS – Invest With Low Fees Today

The account creation process on eToro is rather straightforward and only requires a little personal information and identity verification. The minimum you can deposit and withdraw is $200 ($50 for US clients) and $30, respectively. Deposits are free but withdrawals attract a $5 withdrawal processing fee. Now that you are familiar with different ways to invest in EOS tokens, we now need to look at how you acquire these tokens in the first place. In this case, we need to look at the different ways to buy EOS tokens.

If you only starting trading cryptocurrencies less than a year, your capital gains tax will be subject to your regular tax bracket. Losses incurred in that year of trading can be used to offset up to $3,000 of your trades. Investing can also work for you if you are not interested in constantly monitoring price movements or too busy to take the time to take positions. You can just buy the coins and keep them and only sell when you have made a handsome profit from it. Technical experts of the crypto market predict that the EOS price should be a minimum of $1.43 in the year 2023.

Calculating your Capital Gains Tax

You’ll also want to ensure you hold your EOS coins in a crypto wallet. Thanks to their advanced security features, these wallets (such as the best Bitcoin wallets) allow you to store your digital currency safely. Many top brokers (including eToro) will offer users a crypto-wallet as part of their platform’s features. This will allow you to buy and hold EOS in the most secure manner possible.

You can opt for a software wallet or a hardware wallet, depending on the level of security you are looking for. These wallets use what’s known as a ‘private key’, which is only known by https://www.tokenexus.com/ you (and the wallet). This key will allow you to access the wallet and use your EOS holdings. Aside from volatility, another risk to note when you buy EOS UK is concerning liquidity.

Recommended: Buy EOS with BC Bitcoin

Our example using Uphold shows how simple it can be to get your hands on some EOS coins. The process is straightforward as long as you have a functional bank account or debit card. Though started in the US, the Kraken exchange is now available in 180+ countries and territories across the world. And the process of buying EOS on Kraken (or any other cryptocurrency) is rather simplified and quite beginner-friendly. You only need to register an account with the exchange, deposit funds, and start buying EOS. Some of the supported payment methods here include a credit card, a debit cards or bank wire.

• While we are independent, the offers that appear on this site are from companies from which finder.com receives compensation.
• With EOS being a member of a crop of top dapps platforms, there is a growing probability that it may see its value rise with growing adoption.
• The Owner key controls the active key which is used for staking, unstaking and transferring tokens (more on staking here).
• You will need to deposit at least £50 by bank transfer to get started, and after that, there will be fees of 0.6% when you buy or sell EOS in the Trade tab.
• It even provides futures contracts traders with a demo account for practice trading.
• Unless you are buying a dedicated privacy cryptocurrency, your transactions will appear on a public blockchain and can be discovered.

If you’re located inside the United States, it’s a good idea to use a U.S-based crypto exchange like Coinbase or Gemini. Coinbase lets you earn free crypto in its Coinbase Learn program, and Gemini offers interest bearing accounts to How to buy EOS grow your digital asset holdings passively. The Coinbase crypto trading platform is undeniably the most user-friendly crypto exchange. Today, it has introduced the instant buy feature that lets you buy EOS tokens in just a few steps.

Binance – Low-Cost Trading Platform for Buying EOS

Holders use the ERC-20 token for staking in order to support the development of the platform. During its official launch, the EOS raised $4 billion in its initial coin offering (ICO) in an unprecedented fashion. The EOS team spread the event across a whole year and it currently holds the highest capital raising round in the decentralized space.