How to Trade EOS Guide to Buying and Selling EOS Tokens

While https://www.beaxy.com/ is MATIC often dubbed as the “Ethereum Killer” it still has a long way to go before dethroning the king of decentralized apps. Having said that, it’s off to a good start with a huge amount of capital raised through its ICO and a team with a track record behind them. There is currently no viable way to buy EOS with cash or PayPal. 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. For additional information on EOS accounts read this guide. EOS performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

If these staking rewards materialise it could be transformational for the EOS project and its coin value. If you believe the price of EOS will rise, you should go long it with your chosen CFD broker. If you believe the price of EOS will fall, you should short with your chosen CFD broker. This means you can go long or short the price of EOS with a CFD broker, without owning the underlying asset.

Learn what moves EOS’ price

Deposit crypto to our exchange and trade with deep liquidity and low fees. Professional traders advise this proportion to be 1/3 at least. If you are going to invest, read the latest news on EOS in order to understand whether it looks promising in long term. Pay attention to Bitcoin price as the first crypto ever affect the whole industry nowadays. Apart from Ethereum, there are other projects like Crown, RChain that are going to release their platforms in the nearest future.

This will keep you protected if the exchange gets hacked or becomes insolvent. There are several exchanges that will allow you to buy EOS tokens either directly with fiat currency (i.e. Dollars, Euros, etc.) or through exchanging your Bitcoins/ Ethereum to EOS. This guide provides step-by-step instructions on how to buy Curve DAO, lists some exchanges where you can get it and provides daily price data on CRV.

Step 3: Withdraw your EOS tokens to your wallet

If the EOS network can attract DApp developers from Ethereum or any other blockchain, the value of EOS could gain. However, for EOS to become an “Ethereum killer”, it needs to make massive gains, as Ethereum’s market cap is significantly higher than EOS. The EOS.IO network became very popular during its first years. Through the ICO, the network raised more than $4 billion from the sale of 1 million EOS tokens in just one year. The opposite is also true, if the EOS platform does not attract market interest or is faced with increased regulation, it could negatively impact the price of EOS tokens.

On the other hand, a reduction in price with an oversold signal demonstrates that EOS price is expected to increase. Supports over 60 methods of payment including PayPal, Apple Pay & Google Pay. There are multiple options for third-party payment channels. Please, visit the Binance FAQ to check which ones are available in your region.

how to trade eosC margin trading orders are divided into market orders, limit orders and stop loss orders. Moving Averages – This indicator relies on prices that have been set at intervals using past statistics. A moving average signifies how the value of EOS moves and what it’ll be in the future in the light of available data. Options – These contracts give the trader the option to make a trade they believe will be profitable in the future.

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Due to this use for the coin, EOS is comparable to Ethereum, and is it’s main competitor (another cryptocurrency that’s use is to runs dApps on its platform). For this reason, people within the crypto community refer to EOS as a ‘utility token’. A utility token is a coin, in which owning it, gives its holders the access to services provided by the project. With the case of EOS, the coin gives access to the decentralised operating system. The value of a lot of cryptocurrencies is linked to the projects behind them, even if the project does not use the native coin by default. Comments and analysis reflect the views of different external and internal analysts at any given time and are subject to change at any time.

• Binance has quickly established itself as one of the most popular cryptocurrency exchanges.
• All you need to do in this case is to forecast EOS fluctuations and follow the whales.
• If you are looking for different or better prices, you’ll need to use a limit order.
• If you believe the price of EOS will rise, you should go long it with your chosen CFD broker.
• Shorting is a high-risk and high-reward strategy since you can lose what you’ve invested if the market recovers.

In the beginning, cryptocurrency exchanges that sold EOS were focused on buying and selling digital assets with an easy registration procedure. In the last few years, all types of trading platforms, including exchanges, have expanded their service range to offer derivatives. You can trade EOS on multiple exchanges without requiring a broker. OKEx and Binance are two of the top exchanges that offer derivatives, including options and futures, along with the ability to use up to 100x leverage trading. However, it’s always important to be vigilant and wary of altcoins.

Combine Fundamental and Technical Analysis

Binance is one of the largest cryptocurrency exchanges in the world. It is better suited to more experienced investors and it offers a large number of cryptocurrencies to choose from, at over 600. Binance is also known for having low trading fees and a multiple of trading options that its users can benefit from, such as; peer-to-peer trading, margin trading and spot trading.

This makes it better than the Ethereum blockchain, which charges high fees and offers slow speeds. The signup process is very easy, and in just a few minutes, your account will be ready to use. Moreover, the minimum deposit needed to start trading is significantly low. To make an informed trading decision, you need technical indicators to analyse EOS’s price and predict future performance. You can always expect volatility in the cryptocurrency space. Therefore, you need to be equipped with the right strategy to mitigate this risk.

Complete your transaction and move your EOS to a wallet for storage. If you want to know more about the technology behind the EOS platform, check out the EOS technical white paper. Once you have verified your identity, it is a good idea to enable 2-factor authentication before depositing any funds. This will increase the security of your account and help keep your funds safe. This process is known as Know Your Customer and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.

If you are looking for different or better prices, you’ll need to use a limit order. Here you’ll need to specify the rate you want, as well as the MATIC total amount. Market orders can be executed instantly, while limit orders may take time.

Click the buy or sell button, and the EOS order is completed. It is important to keep in mind that you can lose more than you initially invested. Forex, CFDs and Crypto trading offer exciting opportunities, but one should also keep in mind that these opportunities are accompanied with an equally high level of risk. Leverage may increase both profit and losses, and impulse trading should be kept in check. Therefore, always have a pre-set amount that you are ready to speculate.

IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own how to trade eos. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.

• There are very few traditional assets that lose their value so rapidly, so this is also something to bear in mind.
• DApps created on the EOS network can interact with others created on other chains.
• We may receive financial compensation from these third parties.
• By trying to solve the issue of scalability—a pressing problem hounding the crypto world—EOS.IO has managed to set its platform apart from the others.

Our information is based on independent research and may differ from what you see from a financial institution or service provider. When comparing offers or services, verify relevant information with the institution or provider’s site. Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision. Confirm the sell price and fees and close your sale of EOS.