Where to Buy EOS Coin Easily in 2020DownloadSubscribe
Where to Buy EOS Coin Easily in 2020

Where to Buy EOS Coin Easily in 2020

In this article

    EOS is a smart contract platform that positions itself as an “Ethereum killer” due to its higher TPS (transactions per second) and supposedly better consensus mechanism. EOS uses a DPOS (Delegated Proof of Stake) consensus mechanism whereby 21 block producers vote to approve transactions. Although this centralizes voting within a small community, there is a substantial benefit in terms of speed.

    It’s not DPOS that’s made EOS famous, however. It was their incredible $4 billion ICO in 2017 that’s gotten the project so much attention. The expectation among many investors is that the EOS team will be able to use this money to fund a world class team of blockchain developers and thus solve some of the problems that plague other cryptocurrencies.

    If you believe in EOS and want to be part of their ecosystem, here’s where to easily buy EOS coin.

    Where to Buy EOS Coin (Quick Summary)

    You can buy EOS using Exodus if you already have cryptocurrency. If not, use a centralized exchange service like Coinbase to directly buy EOS with government currency like US dollars. Or purchase a cryptocurrency like Bitcoin or Ethereum and send it to Exodus to exchange for EOS (mobile tutorial).

    Where to Buy EOS Coin (If You Have Crypto)

    For a trader or investor who already has crypto, acquiring EOS is straightforward. Exodus lets anyone exchange between most popular cryptocurrencies.

    Note: the instructions below are for Exodus Desktop. For mobile instructions, see our tutorial on how to exchange in Exodus Mobile.

    1. First, download Exodus. No registration or account set up is required.
    2. Write down the secret recovery phrase and keep it somewhere safe. You’ll need this if you ever lose access to your computer or Exodus. Open Exodus and click the Wallet icon at the top. Select the cryptocurrency that you wish to deposit.
    3. Once you’ve found it click Receive. Exodus will display an address that you can send the crypto to.
    4. As soon as the crypto arrives in your wallet and confirms (Bitcoin can take around 10 minutes and Ethereum around 15 seconds), you’ll be able to exchange it to EOS. To the right of Receive are two arrows. Click these arrows to exchange your crypto.
    5. 5. Choose how much to trade and then click “Exchange”

      where to buy eos coin - exodus wallet

      6. Continue following the steps through the process and then wait for the EOS to hit your account.

      This is an easy way to acquire EOS if you already have crypto. If you don’t already have crypto, follow these steps to buy EOS coin.

      Where to Buy EOS Coin (If You Don’t Have Crypto)

      If you don’t already have crypto but would like to gain some exposure to EOS, the easiest way to convert dollars to crypto is through a centralized exchange like Coinbase or Kraken.

      To help speed up the process, we’ve written several short guides below that teach you  how to buy EOS and outline the steps you’ll need to take once you’ve registered with an exchange.

      Buy EOS with USD

      In addition to buying EOS with USD on Coinbase (we explain how to do this in the next section) it’s also possible to buy EOS with dollars on Kraken and Bitfinex. For international traders in Europe or Asia, the EOS/USD pair on Bitfinex might be a good option as there is more liquidity.

      Unfortunately, Americans cannot legally trade on Bitfinex  and so the EOS/USD pair on Kraken is a better choice. To trade on Kraken, you’ll need to register an account, prove your identity, and pass all KYC verifications. Kraken is based in San Francisco and there is no way to get around the KYC requirements.

      Once you’ve verified your account on Kraken, it’s possible to make dollar deposits with either a SWIFT deposit or FedWire. For more information on Kraken USD deposits, including minimum deposit thresholds, click here.

      Coinbase EOS

      Buying EOS on Coinbase is easy if you’re ok with going through their identity verification process. Otherwise, buying Bitcoin via peer-to-peer means like Paxful, LocalCryptos, or from a Bitcoin ATM might be a good idea.

      If you use a debit card on Coinbase, you’ll be able to withdraw the EOS from Coinbase immediately. If you use a bank transfer, you can lock in the price immediately, however, you’ll need to wait up to five days to withdraw the EOS. Regardless of the payment method, here is how to buy EOS on Coinbase.

      1. Navigate to Coinbase’s homepage
      2. Click on ”Portfolio” then scroll down and select EOS
      3. Click on “Overview” and then enter the amount of EOS you’d like to buy, either in dollar terms or number of coins, and then click buy

      It’s that simple. One caveat, however, is that Coinbase account holders from New York cannot currently purchase EOS due to NY state regulations. It’s unlikely that this situation is permanent though as NY state traders tend to get full access eventually, it just takes longer.

      NY State traders don’t currently have access to EOS. This may change in the future. Image credit: Coinbase

      EOS Price

      Crypto is a volatile asset class and EOS is no exception to that volatility. That’s why keeping track of prices is so important: each 20% retracement can be a great opportunity to buy the dip. However, you’ll only know about that opportunity if you’re following the charts.

      You can find the latest EOS price action on Exodus’ crypto charts. Exodus’ charts are clean and easy to read, and they’re available for all of the most popular cryptocurrencies.

      EOS Wallet (Where to Store EOS)

      There is nothing more important than storing your cryptocurrency investments safely. Hackers steal billions of dollars’ worth of crypto every year, and it can happen even to people who would never expect it.

      Apart from a paper wallet, the Exodus EOS wallet is one of the most secure methods to custody your cryptocurrency. In addition to great security, there are a few other advantages of using the Exodus EOS wallet.

      • Exodus has more than 4 million downloads and is one of the highest rated cryptocurrency apps in both the App Store and Play Store
      • Not your keys, not your crypto. With the EOS wallet you have full control over your private keys
      • For investors who prefer the mobile experience it’s possible to sync EOS balances between the desktop and mobile wallet. This way you always have access to your EOS
      • The Exodus EOS wallet is one of the few cryptocurrency wallets that has customer support. This is a great feature especially for beginner cryptocurrency users
      • With an intuitive UI, the EOS wallet looks great and is easy to use

      Investing in EOS

      It’s still too early to tell for sure whether EOS will reach mass adoption but if you’d like exposure to that possibility you can follow our guide on where to buy EOS coin and store it safely in your Exodus EOS wallet!

    This content is for informational purposes only and is not investment advice. You should consult a qualified licensed advisor before engaging in any transaction.

    Get more insider crypto knowledge from the world’s leading crypto wallet.
    Sign me up!
    CloseClick to close popup
    Looking for insider crypto knowledge?Subscribe to the Exodus Newsletter for wallet updates and authoritative crypto content!
    Sign me up!