How to Buy EOS (EOSIO)
The cryptocurrency that powers the EOSIO blockchain, EOS is essential for developers who must buy and stake it to launch decentralized applications (dapps).
One of the more popular blockchains for dapps, EOSIO today offers a wide variety of options, from simple wagering games to more advanced racing and role-playing contests.
But you may need to buy EOS, even if you don’t want to launch your own dapp.
EOSIO users can also buy EOS to take advantage of the EOSIO blockchain’s more innovative features, such as the ability to vote on changes to the software’s design.
If you’re new to the world of cryptocurrency, we’ve put together this intro guide to teach you how to buy EOS quickly, easily and securely.
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Why buy EOS?
Today, the EOS.IO blockchain is one of the most widely used platforms for dapps, meaning there’s no shortage of games and applications to test and try.
If you’re seeking to launch a dapp, you’ll need to buy and stake EOS to pay for computations on the EOSIO blockchain, and do so on a continuing basis.
You may want to buy EOS if you want to
- Diversify your long-term investment strategy
- Launch dapps that lower costs for users
- Play EOSIO-based games or use EOSIO applications
- Raise money to start a new cryptocurrency project
- Stake EOS to vote for changes to EOSIO.
Where can I buy EOS?
There is no shortage of ways to buy EOS. However, many find that it is easiest to purchase it through a reliable global exchange like Kraken.
Aside from offering an easy-to-navigate interface and the lowest fees in the industry, Kraken is rated one of the world’s most secure and trusted crypto exchanges. This matters because if you lose the private keys to your EOS, it can be nearly impossible to recover your funds.
At Kraken, we take security seriously, using high-grade technology and tested procedures that protect our clients’ EOS. We don’t compromise on security, and neither should you.
How much EOS can I buy?
Looking to buy EOS on a budget? Don’t worry, Kraken offers a minimum order size of 3 EOS to help you gain exposure to a variety of assets.
Of course, you can also execute larger EOS buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 5,000 EOS or more on Kraken.
How to buy EOS on Kraken
Complete the verification process
By adding your name, date of birth, country and phone number to your account, you can buy EOS with other cryptocurrencies like BTC or LTC. To use fiat currency (i.e. USD, GBP or EUR), you’ll need to provide additional supporting documents verifying your identity. Read about our verification levels.
Deposit fiat or cryptocurrency
You can fund your EOS account in a number of ways. How you do so will depend upon your location and preferences.
Once your account is funded, you’re ready to start buying EOS. At this point, you’ll also gain access to our advanced charting tools, 24-hour global client support and the ability to utilize margin trading, features that help make Kraken the platform of choice for millions of global traders.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying EOS, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your EOS
Once you’re done buying EOS, you’ll need to take steps to ensure it’s stored safely.
It’s always safest to store your crypto in a wallet you control. A wallet is a software or hardware device that will store the public and private keys required for you to make EOS transactions.
Many types of wallets are available on the market. Mobile and web-based wallets make frequent transactions easy, while hardware wallets are best suited for longer-term storage.
Kraken is not a wallet service
When you’re choosing an EOS wallet, consider how often you plan to use your EOS. It is important to note, however, that Kraken is an exchange service and not a wallet service.
This means that while we allow our clients to hold EOS with us while trading, you may want to consider separating any EOS you buy into multiple wallets.