What is EOS (EOS)?
EOS is a fee-free cryptocurrency. Instead of transaction fees, the protocol rewards the entities that run the network periodically with new EOS to offset inflation. EOS was designed to support large-scale applications as it can support thousands of dapps without experiencing any negative network effects like high fees or slow confirmation times, thanks to innovations like parallel processing. You can buy and sell EOS for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade EOS for BTC the same way you trade CAD for USD. You can also trade EOS to CAD based on the EOS price. To learn how to buy EOS, scroll down to see how to buy EOS.
How to buy EOS (EOS)?
Here's how to buy EOS on Coinsquare
To buy EOS, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying EOS. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select EOS from the list on the trade section
Coinsquare lets you trade EOS without leaving the app. You can also check the EOS price and convert EOS to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the EOS price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy EOS (EOS)
Congratulations! You’re now the proud owner of EOS. You can either HODL or use it to exchange EOS to CAD.
Where do I keep my EOS (EOS)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add EOS (EOS) to your portfolio?
Create your account, fund it with spare change and get a little bit of EOS.
