Buy EOS - how to invest in EOS in South Africa

How to buy EOS

People are beginning to adapt to a new class of money – cryptocurrencies. And cryptocurrencies become an interesting asset for investments. Not only Bitcoin is worth attention. Other digital coins show impressive price growth and potential, and EOS coin is one of them. The EOS platform takes an important place in the crypto market. It was developed in 2017 for working with decentralized applications. There are more than 100 companies that produce ERC-20 tokens. The largest company is EOS. EOS capitalization exceeds $ 2.3 billion

EOS is a universal blockchain for smart contracts, created by Den Larimer, Brendan Blumer, and the Block.one team. They focused on speed, scalability and user convenience (no transaction fees, the ability to restore the account, etc.).

A delegated proof-of-stake algorithm (DPoS) is used to implement high bandwidth without transaction fees. EOS token is paid for the use of network resources - bandwidth, storage, etc.

Block.one issued 1 billion coins (tokens). Out of this quantity, the company reserved 100 thousand for itself, and successfully sold the remaining 900 thousand within the ICO (initial coin offering). The sale of cryptocurrency lasted almost a year from June 26, 2017 to June 1, 2018, and it is the first record for an initial EOS offering. To date, it is the longest ICO in the short history of startup fundraising.

The second round of sale was even more impressive - Block.one managed to attract an astronomical amount of investment of $ 4.2 billion. It should be noted here that the project team managed to achieve such success without having an operating platform and product. In the first 5 days, investors bought EOS for $ 170 million, although they paid for a pure idea.

EOS is the only blockchain with a range of different functions. According to the EOS developers, this cryptocurrency is as secure as bitcoin and has the ease of programming that is typical of Ethereum. In addition, the EOS platform has a scale and the potential higher than Ripple. It has a fair chance to become the most powerful blockchain in the nearest future.

Different experts assess the future of this token differently, but the good news is that all the forecasts are positive. Considering the total supply of EOS, current prices and pre-existing historical highs, the EOS price has strong upside potential. 

How to invest in EOS

Investing in the crypto market is now very different from what it was several years ago. At that time, the goal was to make money on cryptocurrency trading. In 2020, investors are carefully choosing the coin that will be successful in the future. Now everything has been done in order to make money on cryptocurrency - there are all kinds of crypto-platforms and many countries give the green light to cryptocurrency.

Today, there are two common ways to invest in crypto – you can purchase EOS and you can trade the financial instruments with coins as an underlying asset.

  • Buying EOS. The traditional way of acquiring cryptocurrencies is an electronic wallet, with the access allowed only to its holder. You can also conduct transactions with digital currencies on special exchanges, where you get several wallets at once for smooth operations. But wallets on exchanges are hacked regularly, so it is a big risk to keep a large amount of money there. Moreover, crypto exchanges do not have regulations, since there is no ready-made regulatory framework for this area of trading yet. So traders have no protection from unforeseen situations.
  • Trading via broker. Cryptocurrency trading is actually online trading. But in this case, instead of the usual assets (currencies, stocks, bonds, etc.), the trader is trading digital currencies. Instead of buying coins, you can trade binary options. It is one of the simplest and most affordable investment options. As you know, when trading options, a trader only needs to determine the expected movement of quotes (up or down). The volatility of cryptocurrencies is much higher than that of traditional trading assets. So binary options are a great alternative to risky investments on crypto exchanges.
Invest in EOS in South Africa
Invest in EOS in South Africa

EOS trading platform

To be able to trade EOS, you will need to find a crypto broker. It is an intermediary platform where you can buy and sell digital assets via a trading terminal. It is a kind of assistant for making trades in the cryptocurrency market. Actually, it offers an easy way of trading that does not require special education. 

The broker accompanies the trader at all stages:

  •         opens trading accounts and cryptocurrency wallets;
  •         helps to purchase and sale coins;
  •         provides such instruments as leverage, CFDs, hedging
EOS trading platform
EOS trading platform

How to start investing in EOS

You have to approach broker selection seriously. Your profits will depend not only on your skills but also on the platform you choose. Brokers will provide you with the following advantages:

  •         the ability to make money on both bullish and bearish trends;
  •         huge leverage of 1: 1000;
  •         quality tools for technical analysis and auto trading.

Trading through brokers is highly reliable.

How to start investing in EOS
How to start investing in EOS

How to register

All brokers ask their customers to create an account before they admit them to a trading terminal. You need a login, a password and an email for this.

Registration on the trading platform
Registration on the trading platform

How to open a demo account

Registration will allow you to automatically use a demo account. It is a great possibility to hone your skills before investing money.

How to open a real account

Real account holders become full-fledged participants of the financial markets. But to activate a trading account, you need to have a certain amount of money on your deposit.

How to open a demo or a real account
How to open a demo or a real account

How to fund a deposit 

Modern brokers provide many options for account replenishment. They all accept payments via bank transfer, debit card, electronic systems.

Minimum deposit amount

There is no fixed sum for the minimum deposit. As a result, brokers ask to deposit from $ 10.

Deposit replenishment
Deposit replenishment

How to withdraw money

The withdrawal is possible after the verification process. Be ready to prove your identity by providing copies of your documents. Then, you can receive the money by using one of the payment channels offered by the platform.

Security of EOS investments

The ESO popularity was not random. As part of its record-breaking ICO, Block.one raised funds to develop a software called EOSIO. It is not even a blockchain platform, but only software for building blockchain networks, both public and private. The creators believe EOSIO should be an analogue of traditional operating systems with ready-made functionality for creating a blockchain with the possibility of vertical and horizontal scaling and, as a consequence, a huge bandwidth by today's standards.

How safe is it to invest in EOS

EOS tokens provide additional income.

Free token distribution (airdrop) is not the goal of the EOS platform, but so far its community has successfully cultivated this approach. Some projects have already donated their tokens to EOS owners. Holders of a large number of EOS coins allow the culture of free distribution of tokens to receive additional passive income. In the future, it will be reflected in the evaluation of EOS tokens in the secondary market.

It is still too early to state it with confidence, but EOS has all chances to surpass Ethereum and become a decentralized autonomous corporation for application development.

It is still too early to state it with confidence, but EOS has all chances to surpass Ethereum and become a decentralized autonomous corporation for application development.

Information about EOS
Information about EOS

How to safely invest in EOS online

The main task of a trader is to find a reliable broker. Take into account the following criteria:

  •         Regulation. All reputable brokers have at least one license from a world known regulator.
  •         Experience. Opt for companies with at least 5-year experience in the industry.
  •         Broker tariffs and payment. Read about commissions and other fees you will need to pay.
  •         Minimum deposit. Choose platforms that allow you to trade with the lowest deposits possible.
  •         Education. Brokers that care about their clients, provide free educational resources on their sites.

FAQ:

Can you buy EOS?

Every private investor can purchase EOS at crypto exchanges or via brokerage companies.

Cryptocurrency is a highly volatile asset. It is very difficult to predict its price direction. Therefore, you can try both long term and short term trading. But try to diversify your portfolio with other assets.

You can buy EOS coins on crypto exchanges or with the help of an online broker.

Once you create a trading account on the brokerage platform, you can use your bank card to replenish it. Then, you can proceed to coin purchasing on the site using funds from your account.

You can become an EOS holder residing in any country. To buy EOS in South Africa, you need to find a reputable broker that accepts traders from your location.

The EOS price was constantly jumping due to some uncertainty around the project. But there are forecasts that the coin will keep climbing, with its value reaching $ 4.17 in six months, $ 4.7 in one year, and $ 21.4 by December 2025.

EOS price fell on the news of Larimer’s departure, dropping to as low as $ 2.93.

SIMPLE AND RELIABLE
MONEY WITHDRAWAL
Neteller
Skrill
Mastercard
Visa
FNB
Capitec
Nedbank
ABSA
Standart Bank
Webmoney
Payguru