Invest In EOS – How To Invest In EOS For Beginners

Fact Checked by Gary McFarlane

The EOS protocol is designed to provide developers with a convenient avenue to maximize blockchain capabilities. This use case draws attention to the protocol’s token, EOS, making it one of the most popular coins in the cryptocurrency market.

We have prepared this guide as means to show you how to invest in EOS and the best crypto brokers for that purpose. 

#1 Broker to Invest in EOS – eToro

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

How To Invest in EOS – Choose a Broker

Considering the traction that EOS has garnered in the cryptocurrency market, you can expect that numerous brokers will allow you to invest in the token. Here, we have discussed the best EOS brokers that will allow you to invest in a seamless manner. 

  • eToro – Overall Best Broker to Invest in EOS
  • Coinbase – User-friendly Broker to Invest in EOS
  • Binance – Largest Cryptocurrency Broker to invest in EOS

All these brokers will be extensively reviewed later in this How to Invest in EOS Guide. But for now, let’s show you can invest in EOS quickly.

How to Invest in EOS – A Quick Guide For 2021

If you have some experience in the cryptocurrency space, you might want to get started with an EOS investment immediately. In that case, all you need is a brief walkthrough of the process involved in buying the token. Therefore, here’s a quick walkthrough on how to invest in EOS using a cost-effective broker like eToro.

  • Step 1: Create an Investment Account with eToro: This can be done at eToro in under 2 minutes. You simply need to provide eToro with some personal details and your contact information. Then you’ll choose a username and a password that’s easy to remember.
  • Step 2: Verify Your Identity: A regulated broker like eToro will require that you upload a government-issued ID. Once you do that, the broker will verify your identity, after which you can proceed to the next step.
  • Step 3: Deposit Funds: You cannot make an EOS investment with an empty account. Therefore, you need to make a deposit using any of the supported payment methods – such as a debit/credit card or bank transfer.
  • Step 4: Invest in EOS: Once you’ve funded your account, you can proceed to search for EOS. Simply locate the token by inputting ‘EOS’ into the search box, and click on the ‘Trade’ button. After that, enter your stake (minimum $25) and confirm your investment. 

By following the steps above, you’d have made your EOS investment in a simple manner. The entire procedure should take you less than five minutes. Additionally, since you’re using eToro, you can store your EOS tokens on the platform until you’re ready to sell.

Cryptoassets are highly volatile unregulated investment products. Proceed at your own risk.

Where to Invest in EOS – Full Broker Reviews

When researching where to invest in EOS, you’ll come across numerous platforms for that purpose. Combing through these platforms can be stressful, especially if you don’t understand the metrics to assess them. For instance, you don’t want to choose an unregulated broker for your EOS investment, as the platform might compromise your tokens. 

Therefore, to make this phase easy for you, we’ve examined the market to determine the best brokers with which you can invest in EOS. 

1. eToro – Overall Best Broker to Invest in EOS

bitcoin today

Perhaps the most important feature of eToro is that the broker is regulated by leading financial bodies such as the SEC and FCA. This means that when you invest in EOS with the broker, you’ll be in the regulator’s safety net. Additionally, a regulated broker like eToro operates segregated accounts to store your money separately. That way, even if eToro becomes insolvent, although very unlikely, your funds will remain safe.

Furthermore, eToro operates a fair investment system and offers complete transparency, meaning there are no hidden fees. The broker operates a spread-only pricing model, which makes eToro super competitive. In fact, spreads on cryptocurrency purchases start from just 0.75%.  Additionally, you can get started with the investment process by making a minimum deposit of $200 ($50 for US clients). Following that, you can invest in EOS from as little as $25, meaning the broker allows you to start small, especially as a beginner. 

etoro crypto

Another thing that makes eToro stand out for us is that the platform supports numerous payment methods, making it super convenient to add funds to your investment account. These methods include debit/credit cards, e-wallets, and even wire transfers. Although for wire transfers, your funds might take a while to arrive in your account, the method is available regardless. 

The broker’s ease of use and user-oriented features accounts for why it now serves over 20 million investors with varying portfolio sizes. As a beginner, you can get started with eToro and complete your investment process in under 5 minutes. The broker has a user-friendly design and provides you with prompts that make it convenient to navigate your way seamlessly during the process of investing in EOS or any of the other 30+ supported tokens.

etoro copy trading

Lastly, another thing we like about eToro is that the broker offers a copy trading tool. This tool allows you to automate your investment portfolio by copying an experienced eToro trader, thereby leveraging the experience of the individual. Therefore, any investment the person takes with their portfolio will reflect proportionately in yours. For example, if your chosen copy trader invests in EOS, Stellar, and Litecoin – you will do the same. Then, when they eventually cash out – you will mirror this like-for-like.  

Pros

  • Invest in cryptocurrencies on a spread-only basis
  • Minimum investment per trade from just $25
  • Supports debit/credit cards, e-wallets, and local bank transfers
  • Registered with FINRA/SEC and regulated by the FCA, CySEC, and ASIC
  • Minimum deposit of $50 and no transaction fees for US citizens
  • Used by over 20 million people
  • Perfect for beginners
  • Social and copy trading tools

Cons

  • Perhaps too basic for technical traders
  • No support for MT4 or MT5

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

2. Coinbase – User-friendly Broker to Invest in EOS

Buy MANA at Coinbase

Founded in 2012 and adequately regulated in the US, Coinbase is a leading broker that offers a simple user interface. This is perhaps the reason why the broker has over 68 million users worldwide. The broker also allows you to invest in EOS alongside dozens of other tokens – such as Bitcoin, Ethereum, Litecoin, XRP, and more. This makes it a suitable broker if you’re looking to diversify your EOS investment seamlessly.

Another thing we found out about Coinbase is that the broker consistently ranks among the best platforms with high liquidity. This is a great perk, as it means EOS investors enjoy some protection from price spillage in a volatile cryptocurrency market. Additionally, the broker generally has great regard for security, as the platform requires two-factor authentication and whitelists devices to stay a step ahead of cyber challenges. 

coinbase review

However, for these impressive perks that come with using Coinbase, we found that the fee structure is high. The broker requires investors to pay a standard 1.49% commission. This means that when you’re investing in EOS – as well as when cashing out, you’ll have to pay a commission based on your transaction size. Additionally, fees are even higher when using a debit or credit card to invest in EOS – as Coinbase will charge you 3.99%. 

Pros

  • One of the most popular cryptocurrency exchanges
  • More than 68 million users
  • Supports instant debit card purchases
  • Dozens of digital currencies to choose from
  • Institutional-grade security practices

Cons

  • Debit card deposits are expensive at 3.99%
  • You will pay a standard trading commission of 1.49%

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

3. Binance – Largest Cryptocurrency Broker to Invest in EOS

Binance is the largest cryptocurrency exchange and broker in the digital asset market. This makes the broker a convenient platform for you to invest in EOS while also diversifying your portfolio to include numerous other tokens. However, the quality of access you get when using this platform is based on your region. Similarly, your location also determines the fees you might have to pay when investing in EOS, as the US has a different structure from other places.

For example, while US clients pay just 0.5% to invest in EOS with a debit or credit card, other nationalities can pay as much as 4%. Nevertheless, Binance provides you with robust charting options, making it convenient to stay updated with the market when you invest in EOS. The platform is also highly secure for investing in EOS and storing your tokens. Some of the measures Binance put in place to keep users’ tokens safe include FDIC-insured USD balances, storing the bulk of the digital assets in cold wallets, device whitelisting, and two-factor authentication. 

binance review

There are also other options for you to make deposits into your account on Binance, such as adding cryptocurrencies like Binance Coin (BNB) or by executing a bank transfer. Another perk of using Binance is that the platform offers crypto savings accounts – which allow you to earn interest. This comes in the shape or both flexible and locked account – and the specific interest rates offered vary by the cryptocurrency you are looking to deposit.  

Pros

  • Facilitates billions of dollars in daily trading volume
  • Supports hundreds of digital asset pairs
  • Near-instant deposits via debit/credit card
  • Trading commission starts at just 0.1% per slide
  • Offers crypto savings accounts
  • Ideal for both beginners and experienced traders alike

Cons

  • Not all supported cryptocurrencies can be purchased with a debit/credit card
  • No e-wallet deposits or withdrawals

at eToro, #1 Broker in the Crypto Space

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

How to Invest in EOS – Detailed & Explained in Full

Although we provided a brief walkthrough earlier in this guide, you’ll require a more extensive breakdown of the EOS investment process if you’re a beginner. Therefore, in this section, we discuss all you need to know to invest in EOS in under five minutes! 

Step 1: Create an EOS Investment Account with eToro

The importance of choosing a credible broker when investing in EOS cannot be overstated. With a trusted broker, you can invest in EOS in a cost-effective manner and without worry about the safest of your capital. Based on the strict metrics with which we assessed the market, eToro stands out as the best broker to invest in EOS. how to join etoro

But first, you must open an investment account with eToro before you can proceed with your EOS purchase. You can do this conveniently by visiting the broker’s website and clicking on the ‘Join Now’ button. There, you’ll need to provide some personal information such as your full name, home address, and date of birth. You’ll also need to provide some contact details.

Cryptoassets are highly volatile unregulated investment products. No EU investor protection. 67% of retail investor accounts lose money when trading CFDs with this provider.

Step 2: Verify Your Identity

Regulated brokers are mandated to validate the identity of every user before allowing them to invest in EOS. Since eToro falls within this category of brokers, you have to complete a Know Your Customer (KYC) process. Here. you’ll need to provide a government-issued ID such as a passport or a driver’s license. 

Additionally, you’ll also have to upload a document to validate your home address. This can be a utility bill or a bank statement. Once you provide these documents, the broker will get you verified in under 2 minutes.

Step 3: Add Funds to Your Account

Before you can invest in EOS using eToro, you must first add funds to your account. On this broker, you have to deposit a minimum of $200 into your investment account to get started. 

This can be done through the various supported payment methods including debit/credit cards, e-wallets such as Apple Pay and Paypal, and even wire transfers. However, if you’re looking for fast transactions, your best options are e-wallets or a debit/credit card. 

Step 4: Search for EOS

Here, you’ll input ‘EOS’ into the search box to locate the token. Consequently, you’ll be presented with different market options. 

However, since you’re looking to invest in EOS and hold the tokens, you should click the first result from the list displayed. This will be the option that contains just the token name — EOS, and not the results that pair the coin against another asset – such as ETH/EOS.

Step 5: Invest in EOS

Once you click on EOS, you’ll be taken to the page where you’ll finalize your investment process. Here, you’ll decide on your stake, the minimum of which is $25. 

After doing that, confirm that you’ve made the right inputs. Then click on ‘Open Trade’ and the broker will execute your order within a few seconds. There you have it! You have just successfully invested in EOS and the tokens will be added to your portfolio.

How to Sell EOS

When you invest in EOS, your goal is to make a profit. Therefore, you must be on the lookout for when the token’s price increases. Once the price increase is significant enough and aligns with your investment goals, you can elect to sell your tokens and secure your returns.

In that case, eToro allows you to sell EOS seamlessly. 

  • You simply need to visit your portfolio and click the ‘Sell’ button.
  • If you want to secure your profits immediately, use a market order. This way, the broker will execute your order at the current market price. 
  • Notably, though, the price quoted on the broker might be slightly different from that which you receive owing to the market’s volatility. So, it’s safe to say the broker executes the market order at the next best available price.
  • However, you might also want to hold on a little bit more before securing your returns. In that case, you can automate the process by using a limit order. With this order, you get to set the price at which the broker should execute your ‘Sell’ order.

Since you’d already verified your account earlier on, you’ll be able to withdraw your money through the original payment method. Meaning, if you invested in EOS through a debit/credit card, you’ll be able to withdraw your money using the same option.

Ways to Invest in EOS

There are numerous ways to invest in EOS. However, you must exercise patience here. This is because the choice you make concerning the platform to invest in EOS will determine the quality of your experience. Therefore, in this section of our How to Invest in EOS Guide, we have discussed the two main ways to go about this.

EOS Broker

Most EOS brokers are regulated. For instance, eToro is regulated by top financial institutions such as the FCA and SEC. Therefore, when you invest in EOS through platforms like this, you can expect fair trading conditions and complete transparency. 

  • When investing in EOS using a licensed broker, you’re doing so in a secure manner since you’re in the regulator’s safety net. 
  • Additionally, regulated brokers allow you to invest in EOS using fiat money since you’d have completed a KYC process. 
  • Moreover, a broker like eToro supports numerous payment methods such as debit/credit cards and various e-wallets. The broker is also cost-effective – as you can invest in EOS on a spread-only basis. 

Furthermore, EOS brokers will likely offer you an in-built wallet to store your tokens. This makes the investment process both secure and convenient since you don’t have to contend with searching for a reliable external wallet.

EOS Exchange

The other option to invest in EOS is to use a cryptocurrency exchange. For some of these exchanges, they have significantly low fee policies. However, these enticing features often come at the expense of security. 

how to invest in EOS

Since these exchanges are typically unregulated, you can’t be sure that they are credible. For instance, there’s nothing stopping such exchanges from engaging in nefarious activities that might compromise your funds. 

A good example here is Bitmart. Although the platform has millions of users, there’s no way to be certain of the exchange’s credibility in the marketplace. This is why we prefer regulated brokerage firms like eToro when it comes to investing in EOS. 

Should I Invest in EOS?

Investing in EOS goes beyond knowing the process of purchasing tokens. Of significant importance is understanding the token’s trajectory and the aim of the project. 

Therefore, if you’re a beginner looking to make a profit from EOS, you must understand that your investment can go either of two ways. If the market moves in your favor, you will make a profit from holding your EOS tokens. However, since the market is volatile, you can also lose your money if the token’s price moves in the opposite direction. 

Consequently, you need to always make informed decisions in the cryptocurrency world. To help you through this section of investing in EOS, we’ve discussed some factors you might want to consider before going ahead with a purchase.

Fast Transactions

EOS seeks to address the problem of limited resources faced in the DApps market. Due to the consistent growth of this sector, there are issues concerning network constraints. This is especially the case when there’s an increase in the size of transactions taking place on a daily basis. 

Consequently, slow execution speeds and limited computing power reduce the number of transactions that can be processed, which affects the overall efficiency of the DApps market. 

EOS is designed to be able to process about 100,000 transactions within a second, thereby aiming to solve the problem of slow execution speeds. The network bolsters usability by leveraging an asynchronous communication technique. Known as the ‘Ethereum Killer,’ the project is gradually establishing its dominance in the cryptocurrency market, making the token more noticeable to investors. 

  • Additionally, in the EOS ecosystem, transaction blocks are produced every 0.5 seconds.
  • On the other hand, it takes Bitcoin 10 minutes before blocks get approved.
  • This is in addition to the fact that EOS allows blocks to be broken into cycles, making it possible to attend to other transactions in between an existing one. 

When you consider how fast-paced the cryptocurrency market is, you’d realize that the positioning of EOS as a blockchain for swift transactions might draw investors’ attention to its token. Therefore, if you want to invest in EOS, this is something you might want to consider.

Cloud Storage and Support for Developers

Cloud storage and server hosting are two of the crucial tools that EOS brings to the DApps scene. These tools make it convenient for developers to build applications seamlessly and gain access to all the things they need on one single platform.

  • By providing developers with a comprehensive network for all their needs, they can focus more on building and expanding DApps instead of worrying about hardware issues. 
  • Furthermore, EOS provides developers with analytics that they can use to assess their performance.
  • The analytics allows developers to know the areas of their applications that need improvement.
  • Interestingly, developers can pay to access all these features by staking EOS tokens. 

Consequently, this use case provides the EOS token with more traction in the market. If more developers are exploring these features provided by the EOS protocol, the value of the token could enjoy a positive upward swing.

Relatively Established Project

It might help to consider whether a project is established. To do this, we evaluate CoinMarketCap, the cryptocurrency data resource. There are more than 11,000 cryptocurrency tokens available for investment. However, most of these tokens have only been in the cryptocurrency scene for about 18 months or less. 

This means not too many tokens have spent a substantial amount of time in the market. In the case of EOS, the token was launched in June 2018. That means the token is relatively established when compared against other coins launched within the past year. 

Essentially, this is an indication that EOS has sufficient trajectory and data that you can evaluate to gain more insights. Studying this would deepen your understanding of the token’s potential price movements.

Community Governance

The governance model of EOS is also impressive, as the protocol provides block producers with rights to contribute to key issues concerning the network. Some of the issues block producers can vote on include the performance of applications and transactions worthy of confirmation. 

  • Additionally, block producers can also vote on crucial metrics linked to altering the source code of individual applications.
  • Essentially, the governance model of EOS is quite democratic, granting rights to stakeholders and ensuring adequate contribution accordingly. 
  • Based on the network’s use cases and governance model, the EOS ecosystem has grown considerably in recent months.
  • The network now comprises more than 100 DApps – with the most active application having over 6,000 users.

It might help to consider that this top DApp, CandyBox, has more daily active users than IDEX – its counterpart on the Ethereum network.

What are the Risks of Investing in EOS?

When learning how to invest in EOS, you must also consider the potential risks that come with the token. As with all investments, there is the potential of making profits – as well as the possibility of not making a dime. However, when you contemplate the relevant risks of an EOS investment, you can decide on ways to hedge them and make informed decisions.

Not Much on Project Updates

Although the creators of EOS assert that the project has many prospects, not much has been said concerning any updates in recent months. This factor is slowly affecting the token’s popularity in the market.

Additionally, the token is dubbed the ‘Ethereum Killer’ for a reason. This is because EOS focuses on Ethereum’s flaws and seeks to provide solutions to them.

However, EOS seems to be losing out to Ethereum in this regard, as the latter continues to grow in size while doubling down on scalability and usability.

Market Volatility

You also need to consider the market volatility of EOS. Since the market can move upward or downward quickly at any point, this means you can make gains or losses based on the forces of demand and supply.

Therefore, you might want to hedge your risks by diversifying your EOS investment and researching thoroughly before making your purchase. Additionally, you might also decide to invest small amounts at regular intervals. This is referred to as dollar-cost averaging (DCA). 

How Much Does it Cost to Invest in EOS?

To have a comprehensive understanding of how to invest in EOS, you might want to consider the costs that come with the process. Ultimately, this will depend on the broker you choose, and in this regard, there are many options for you in the market.

  • On some brokers, you’ll be able to make a deposit into your investment account for free when using a wire transfer. However, in most cases, the investment process on these brokers can be frustrating and super slow. 
  • On the other hand, using a debit/credit card is a faster payment method to add funds to your account. However, this attracts higher fees. 
  • For instance, when you use a user-friendly broker like Coinbase – you’ll get charged 3.99% for debit/credit card payments. 

From the above, you will see the potential costs you might incur when investing in EOS. However, the interesting thing about the cryptocurrency market is there are always better options somewhere, especially if you’re looking to invest in a cost-effective manner. 

For instance, when you invest in EOS using eToro, you’ll only be charged 0.5% for debit/credit payments. In fact, if you’re located in the US, you won’t pay anything at all. Therefore, you should consider the fee policy of the broker you’re choosing, as this will always determine the costs you will incur.

How to Invest in EOS – Conclusion

Investing in EOS is not difficult once you understand the process and the right broker to use. A regulated and cost-effective broker like eToro makes the process seamless. From our research, we found that you can start investing in EOS from as little as $25 when you use this top-rated platform.

Plus, eToro is regulated by the SEC and FCA – alongside a number of other reputable financial bodies When you consider this in addition to the broker’s simple user interface and support for research, you’ll get to see how the platform makes the EOS investment process convenient. 

1
$50Exclusive promotion
Our score10
  • Invest in a wide range of cryptocurrencies
  • Ability to copy more experienced investors and their decisions
  • eToro crypto wallet included which makes it beginner-friendly
0% Commissionstart TradingOur score 10

FAQs

How to invest in EOS?

Where to invest in EOS?

Should I buy EOS?

How can I safely invest in EOS?

How can I cash out my EOS investment?

About Kane Pepi PRO INVESTOR

Kane Pepi writes for several high profile publications such as InsideBitcoins, the Motely Fool, and Learnbonds. Based in Malta, Kane is extremely skilled at complex subjects related to financial matters - including a Bachelor’s Degree in Finance, a Master’s Degree in Financial Crime, and actively engaged in Doctorate Degree research, for the money laundering threats of the blockchain economy.