Buy EOS: Discover The Truth About This Cryptocurrency
Published: 13 November 2020 by Valentina
EOS claims to offer a decentralized application platform (dApp), which works in a similar way to an operating system, adapting to the needs of users and developers. But is this a good reason to buy EOS or is it not enough?
To find out you have to read our guide, which clarifies the functioning, perspectives, and forecasts regarding this cryptocurrency.
Ultimately, buying EOS is simple, just follow these 3 steps:
- Sign up with a regulated CFD Broker, which is preferable to Exchanges.
- Practice on the Demo account to familiarize yourself with the platform.
- Make the minimum deposit required and start investing on the real market.
These are essential steps to buy EOS without paying commissions and in a safe and regulated way.
Thanks to CFD brokers like eToro we can trade cryptocurrencies like EOS, in total safety, avoiding the risks associated with Exchanges. Here are the best platforms available:
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Buy EOS: History and Origins
The EOS IO platform was developed by the block.one company and released open source in June 2018. Since the launch, 1 billion ERC-20 tokens, the real cryptocurrencies, which are commonly called EOS, have been distributed.
EOS likes to define itself as the most powerful infrastructure among dApps, that is decentralized applications. Its blockchain-based network makes it possible to develop, run, and distribute dApps through its platform, a kind of App Store or PlayStore, which it also resembles for the provision of a development kit for applications.
The EOS ecosystem includes two key elements: the EOS.IO and EOS tokens.
To understand what it is, we can say that EOS.IO is similar to the operating system of a computer: It manages and controls the EOS blockchain network.
The EOS token is the cryptocurrency of the EOS network, one of the most popular emerging cryptocurrencies.
A developer simply needs to have EOS coins to be eligible to use network resources and to create and run dApps. Furthermore, if it does not run applications, it can also “rent” its bandwidth to other developers who may request it.
EOS was launched by Dan Larimer, who is also the founder and creator of established platforms such as Bitshares and Steem.
Buy EOS: Quotation and value in real time
Is buying EOS worth it?
Buying EOS is worthwhile if you understand the originality of its network. Despite the large number of blockchains built to run decentralized applications, such as Ethereum, Ethereum classic, and many others, EOS focuses on the pain points of the blockchain and attempts to solve the problem of speed, scalability, and flexibility that often become a bottleneck for these systems. .
The ecosystem needs a great deal of computing power and resources to support the workload and EOS tries to address these problems by offering a system that is “adaptable” to user needs.
The EOS ecosystem seems to be able to withstand thousands of dApps on a commercial scale without creating slowdowns in performance, all this thanks to the use of the asynchronous communication methodology through the network.
Buying cryptocurrencies is undoubtedly an investment in the future, but it is necessary to choose the most promising projects and EOS seems to be one of the most structured.
Below, we can see the EOS graph starting from the launch of 2018, with the explosion and subsequent collapse – the physiological trend of each cryptocurrency. However, now we need to evaluate how the future of EOS looks.
How to buy EOS
Before analyzing the forecasts and the pros and cons of this investment, we want to evaluate the two main methods that allow you to invest in cryptocurrencies: Exchanges and CFD Brokers.
The prices of cryptocurrencies change constantly and this is the real reason why many investors are attracted to this market: Volatility.
Let’s say right away that with CFD Brokers you don’t really buy cryptocurrencies, you only speculate on price fluctuations. This type of investment avoids the classic security problems that have made Exchange infamous, due to the numerous thefts they have suffered.
We have summarized in the table below the strengths and weaknesses of both methods for a clearer comparison:
Pros > You “really” buy cryptocurriences
Cons > Commissions to be paid
> No license
> You can only invest upwards
> Serious security concerns
> Slow transactions
Pros > They are safe and licensed
> You can invest both up and down
> There are no commissions
> There is no risk of cryptocurrency theft
> Immediate transactions
Cons > You don’t “really” buy cryptocurriences
If we want to summarize we can say that to buy EOS:
- The Exchanges are ultimately expensive (commissions to be paid), unsafe (they suffer frequent cyber attacks), and allow you to earn only in the event of a rise in prices.
- CFD brokers, on the other hand, are safe and regulated, do not charge commissions and also offer the possibility of earning when prices fall (short selling).
Buy EOS with the best platforms
The choice of the best platforms to buy EOS depends first of all on the evaluation of the CFD Brokers who offer them.
As we found out in the previous paragraph, Exchanges are expensive and unsafe, so it is preferable to invest in cryptocurrencies through CFD Brokers, but only with those with a regular license, issued by control bodies such as FCA or CySEC.
Operating on these platforms is not difficult, investments are made in this way:
- You buy the EOS CFDs to profit from the growth in the price of the cryptocurrency
- The EOS CFDs is sold to profit from the drop in the price of the cryptocurrency
Once the desired price is reached, the transaction is closed and net profits can be withdrawn or reinvested, without commissions.
OnlineTradingCourse, which constantly analyzes CFD Brokers, believes that the best platforms to buy EOS safely are those offered by eToro, ForexTB and IQ Option.
eToro: Intuitive platform to buy EOS
eToro is the most widespread and used online broker in the world. Its reliability is guaranteed both by the numerous licenses it has and by the 7 million users who constantly use its trading platform.
In the UK, eToro is regulated by FCA and below we can see a screenshot of the platform with the EOS CFD:
To buy EOS (or sell it) you have to click on “Trade”, decide whether to buy or sell the cryptocurrency and how much to invest in the single operation.
This Broker has become famous for an automatic investment system that it has patented: Copy Trading- This offers the possibility to copy the operations performed by the best traders in the world (on eToro) automatically and free of charge.
To use Copy Trading you need to follow these steps:
- Register on eToro
- In the section “people”, you can choose the traders to copy based on the performance.
- With a click, Copy Trading will copy exactly the same operations of the chosen traders in your account.
- At this point, you will get the same returns as these trading experts (of course, in proportion to your investment), without doing anything else.
Here, you can see some of the eToro Traders that can be copied.
Both Copy Trading as well as traditional trading can also be tested on a free Demo account, without taking real risks.
For more details you can read our full eToro review.
ForexTB: Trading signals to buy EOS
ForexTB has tried to differentiate itself from other intermediaries by offering a series of services to support traders, both at an educational as well as operational level.
At the basis of the operations offered by ForexTB, there are two trading platforms that can be used for free:
- The web platform is easy to use and can be entered from any browser without downloading any software.
- Metatrader 4 is more technical and full of professional indicators and meets the needs of the more experienced traders.
Buying EOS is very easy, just click on buy or sell and decide how much to invest in the operation.
ForexTB is a CySEC regulated broker that allows this broker to offer its services throughout Europe.
To meet the needs of novice traders, it has created a free trading course, considered among the best on the market. This is a pdf that describes online trading, the strategies, and rules underlying technical analysis, an essential contribution to start trading.
In addition to theory, ForexTB also thinks about practice by sending the free Trading Signals to all its investors. These are indications developed by Trading Central that have a success rate of 70% and with the link below you can get them for free:
IQ Option: Buy EOS with 10 Euro
IQ Option has made its way among investors with a truly unique proposal: Focus on the needs of traders with less experience and less capital available.
To make it easier to access investments, IQ Option has decided to offer the possibility of opening a real account with only 10 Euros of initial deposit, an amount that breaks down every barrier and brings online trading closer to everyone.
Thanks to this low minimum deposit, IQ Option allows you to buy EOS by investing a few euros in a single transaction on the real market. To practice, a free and unlimited Demo account is available, without risk.
The IQ Option trading platform is simple, easy to learn, but still meets the needs of the most demanding investors, with a series of very professional tools and indicators.
IQ Option is a serious broker and in the Uk it is authorized by FCA.
Novice traders can also take advantage of an educational area accessible for free, full of material and courses to improve their preparation and be more profitable in real trading.
Buy EOS: Forecast
With a so volatile market, predicting the price of cryptocurrencies is not easy at all and the chart below, which shows the fluctuations of EOS over the past 3 months, proves it:
To offer you reliable forecasts, we have reported the evaluations of some of the leading cryptocurrency analysts:
- According to WalletInvestor, investing in EOS will prove to be a very profitable investment; in fact, this analyst believes that EOS could reach $ 911 in listing by 2023.
- Trading Beasts is much more moderate in its forecast and estimates EOS will grow to $ 10 in 2021.
The growth of EOS is seen very likely by major analysts, but some have made too optimistic forecasts in our view. The spread and scalability of EOS make it one of the most attractive cryptocurrencies with the most favorable prospects in the near future, but a realistic target price could be around $ 15 within the next 12 months.
EOS pros and cons
The potential of EOS seems enormous as it aims to address the problems associated with standard blockchain-based networks. However, it is still a conceptual initiative that we don’t know if it will deliver on its promises.
It is certainly worth observing the future trend of this cryptocurrency and to do so, we have outlined the pros and cons of EOS in order to summarize its potential:
- EOS is very popular and offers a truly unique ecosystem
- The current price of EOS is low and offers an excellent entry price.
- It allows you to perform a large number of transactions per second, surpassing Bitcoin.
- Growth forecasts are long-term and there is still the possibility of some retracement in the short term.
- The company that manages EOS is private and the performance of the cryptocurrency also depends on that of the company that created it.
In our guide to buying EOS, we have explained how it was born, what its architecture is based on, and what are the predictions of some cryptocurrency analysts. At this point, you should have a clearer idea of the potential of this popular cryptocurrency.
Whatever decision you make regarding trading on EOS, it is preferable to always start with a Demo account, without risk, and then move on to the real market by making the minimum deposit required by the broker.
Here are the official links to access the Demo accounts of the best cryptocurrency trading platforms:
- Practice the eToro Demo account for free by clicking here
- Register for free on ForexTB and access the Demo account from this link
- Access the IQ Option Demo account for free with this link
EOS is a cryptocurrency used in an ecosystem built to develop and distribute dApps.
EOS allows high scalability and flexibility with a remarkable speed in transactions.
Analysts believe that EOS is an excellent investment but cryptocurrencies are extremely volatile and must be invested with caution.
CFD brokers like eToro offer the best platforms to buy EOS safely and without paying commissions.