EOS how to buy

What is EOS Cryptocurrency?

EOS is an open-source, blockchain-based decentralized platform that can be used to host and develop decentralized applications (dApps). EOS is considered a direct competitor for the Ethereum blockchain. However, EOS aims to become bigger, faster, and better than Ethereum.

EOS was launched in June 2018, following an initial coin offering (ICO) which raised $4.1 billion for Block.one, the company that developed EOS.IO. Dan Larimer launched EOS. He is also the creator and founder of other established platforms like Bitshares or Steem.

The EOS ecosystem has two key components ━ the EOS.IO software and the EOS tokens. The EOS tokens, are the network’s native cryptocurrency and can be used to pay on the network.

EOS core functionality allows individuals and businesses to create blockchain-based apps in a manner that is similar to web applications. EOS allows secure access, authentication, data hosting, permissions, usage management, communication between dApps with the Internet, and provides secure access.

EOS.IO is akin to the operating system on a computer. It oversees the EOS blockchain network. It uses blockchain architecture to allow vertical and horizontal scaling for DApps.

Developers do not need to spend EOS coins, but only to hold them, in order to access the network’s resources or to create and manage DApps. Token holders can rent or allocate their bandwidth to others who require it, even if they aren't running any apps.

EOS.IO claims it can support thousands of DApps commercially without performance bottlenecks. It uses parallel execution and asynchronous communications across the network.

EOS features key usability characteristics, including a web toolkit to develop interfaces, self-describing schemas, and self-describing interfaces, as well as a declarative authorization scheme. These features make it easier for developers to create and maintain apps.

EOS does not employ the same cryptocurrency mining concept that is used by the Bitcoin network. Instead, block producers create the required amount of blocks and get rewarded with new EOS tokens.

Block producers may publish the amount they wish to be paid. The median value of all block producers' expected pay is used to calculate the number of tokens that can be created.

This feature is easy to misuse as block producers naturally want higher wages. A mechanism limits producer awards tokens to ensure that there is no increase in total token supply by more than 5% annually. Voting token-holders have the power to reject block producers that demand more.

This mechanism works in conjunction with EOS storage. Token holders pay a portion of the annual inflation to store files on the EOS network. Their EOS tokens will not lose value if they store a file on the EOS network.

Block creators will demand more storage, so more blocks are required. They can also demand higher pay inflation to get more value for their work, which is approved by token holders. Inflation will decrease if storage demand is lower. This will reduce the loss of value for stored EOS tokens.

As crypto exchanges have become more accessible and the EOSUSD price has risen, more people have begun to invest in cryptocurrency. EOS trading is allowing a great transfer of wealth and even new investors can hope to profit from its fast growth and earn higher returns than they would on the stock market.  

With so much attention from the media and financial traders, new cryptocurrency investors are always looking for advantageous ways (platforms) to buy EOS online. Luckily, there are numerous services and guides on how to buy EOS to help you get started in the cryptocurrency market. 

Such multi-asset platforms hand investors many useful financial instruments that can generate a passive income (interest with forex trading or dividend with stock trading). 

Buying EOS cryptocurrency over an exchange 

If you want to participate in a crypto project development and own the digital asset, you can buy EOS (EOS) online through a cryptocurrency exchange, such as Binance, Kraken, Bittrex, or Coinbase, and store it in a digital wallet.  

Having an account on a cryptocurrency exchange allows you to send and receive EOS (EOS). Transferring EOS is like the way traditional bank transfers work, except for the bank account address, which is replaced with an EOS address. Because digital currency is transmitted directly between individuals without needing third-party entities, such as banks, transaction fees are cheaper than those charged by traditional institutions. 

If you want to hold your crypto for a longer time, it is advised to transfer them from the crypto exchange to a secure cryptocurrency wallet. Wallets are much safer, and each private crypto wallet has a private key. It is critical to keep your private key safe because you won't be able to access your crypto without it, and if it's easily available, your funds could be stolen. 

The good news is that investors can limit the risks presented by the crypto exchange by trading EOS (EOS) with contracts for difference (CFDs). EOS (EOS) CFDs allow you to speculate on the price of the cryptocurrency without having to own the digital asset.

Read on if you want to learn to trade EOS with capex.com in the most convenient way. 

Buying EOS (EOS) with an Online Broker 

Trading EOS (EOS) with an online broker like CAPEX means that instead of owning EOS outright, you’ll be speculating on its price with CFDs.  

The main difference between buying EOS (EOS) from an exchange and buying EOS (EOS) from an online broker is that you don’t own EOS (EOS) when you use a broker. Owning crypto requires investors to have a crypto wallet, either within the exchange or a private wallet. But when you purchase EOS (EOS) CFDs using an online broker, the CFDs are stored in your account and are far more liquid, which makes trading CFDs more popular. Unlike cryptocurrency exchanges, online CFDs brokers are regulated by financial authorities.   

The Alternative Way to Invest in EOS (EOS)  

Trading CFDs is a process of buying or selling CFDs and can generate a profit if the value of the asset moves in the direction of the investor’s prediction, or a loss if the market goes against him. 

You can buy EOS CFDs (go long) if you believe the value of the digital asset will increase.  

At the same time, you can “go short” if you believe that the price of the underlying asset, in this case, EOS (EOS), will decrease, by selling CFDs. 

Trading CFDs provides leverage, and you can open your position by depositing only a margin.  

For example, if a trader wants to buy 1000 EOS CFD at $4 would only require $200 of trading capital. 

It’s important to remember that leverage can increase both your profits and your losses, and they will be based on the full exposure of the trade, not just the margin requirement needed to open it. Potential losses, as well as profits, could exceed your margin. 

Concisely, if you choose to trade crypto CFDs, you can profit from the difference between the buying and the selling position.  

With CAPEX, you can trade CFDs on futures or spot prices. Trading CFDs on futures gives you exposure to the futures market, but without requiring you to take on any obligations or worry about any of the other nuances that are associated with futures trading. 

Buy EOS EOS CFDs - Go Long

Instead of taking ownership of EOS, you can place a ‘long position’ translates to buying EOS CFDs. Your position, or EOS CFDs, will increase in value according to the increase in the price of the digital asset EOS’s price increases. If the price of EOS falls, then your position will lose value and can lead to loss. 

Let’s assume that EOS is trading at a sell/buy price of 3.62/3.68 USD. You want to buy 1000 CFD (units) because you think the price of EOS will go up. EOS has a 1:2 leverage or a margin rate of 50%, which means that you must deposit only 50% of the position’s value as position margin. 

In this example, your CFD position margin will be $1840 (50% x (100 units x $36.80 buy price)). Losses greater than the margin can occur if the price of EOS moves against your position. 

Outcome A: a profitable trade 

If your prediction was correct, and the price of EOS surges over the next hours or days, then you have made a profitable trade. If the sell/buy price is 4.28/4.34 USD when you decide to close your position by selling at 4.28 (the new sell price), then your profit will be $1000. 

The price has moved $0.6 (4.28 - 3.68) in your favor. Multiply this by the size of your position (1000 units) to calculate your gross profit which is $600. 

If the position was closed during the day, there will not be any swap charges and the net profit is $600. 

Outcome B: a losing trade

If your prediction for the price of EOS was wrong, the EOS CFD trade will result in a loss. Let’s assume that the price of EOS drops over the next hour to a sell/buy price of $3.35/3.41. Because you want to limit the loss in the eventuality that the price continues to drop, you can sell at $3.35 (the new sell price) to close the position. 

The price has moved $0.33 (3.68-3.35) against you. Multiply this by the size of your position (1000 units) to calculate your loss, which is $330. 

Sell EOS EOS CFDs - Go Short

In this CFD example, EOS is trading at a sell/buy price of 3.62/3.68 USD. Assume you want to sell 2000 CFDs (units) because you think the price will go down. EOS has a 1:2 leverage or a margin rate of 50%, which means that you only must deposit 50% of the position’s value as position margin. 

In this example, your CFD position margin will be $3620 (50% x (2000 units x 3.62 sell price)). Remember that if the price moves against you, it is possible to lose more than your initial position margin of $3620. 

If you are not ready to trade CFDs at spot or futures prices yet, we have also got educational resources like CAPEX Academy with free courses on how to trade. Plus, we offer a demo account – giving you $50,000 in virtual funds to build your confidence in a risk-free environment. 

Investing in EOS without actually buying EOS  

While buying and day trading cryptocurrency is a major trend right now, it is important to remember that cryptocurrencies are a volatile and risky investment choice. If investing in crypto on an exchange or via a broker does not feel like the right choice for you, here are a few options to indirectly invest in EOS and other cryptocurrencies: 

Exchange-Traded Funds - Crypto ETFs 

Exchange-traded funds (ETFs) are popular investment tools that allow investors to buy exposure to hundreds of individual investments in bulk. That is why ETFs are a means of diversification for your portfolio and as less risky than investing in individual investments.  

A crypto ETF allows investors to trade cryptocurrency on a traditional market and eliminates the need to trade the asset on a crypto exchange. Another advantage of trading crypto ETFs is that investors do not have to worry about the security aspects of trading crypto.  

US investors can enter the crypto market by using ProShares Bitcoin Strategy ETF (BITO). The Fund provides capital appreciation through managed exposure to bitcoin futures contracts. 

An EOS ETF could come in 2022. The approval of a Bitcoin ETF means a similar offering for EOS is imminent.  

>> Learn what is an ETF and how does it work 

Companies Connected to EOS and Cryptocurrency - EOS Stocks

Another option is to invest in cryptocurrency indirectly by investing and buying shares of companies that offer real-life products and services but still use or own cryptocurrencies as part of their business model (known as EOS stocks). With an all-in-one trading account with CAPEX, you can also trade shares CFD of public companies like:  

• Anheuser-Busch InBev (BUD). This is the larger brewer in Belgium and it is using blockchain technology to give full transparency and traceability in its supply chain of barley from the farm to the consumer. Learn how to buy BUD shares
• Daimler (DAI). This is the largest automobile company (Mercedes-Benz AG) and it is using a Mobility Blockchain Platform to sustainably optimize billing processes for mobility solutions. Learn how to buy Daimler shares
• Square (SQ). Since October 2020, Square has purchased over $220 million worth of Bitcoin. As of February 2021, this payment services provider stated that 5% of its cash is stored in Bitcoin. Their app, Square Cash, allows clients to buy, sell and trade crypto. Learn how to buy Square shares
• Microsoft (MSFT) is offering Ethereum Blockchain as a Service (EBaaS) on the Microsoft Azure cloud. It is intended to offer Enterprise clients and developers a single click cloud-based blockchain developer environment. Learn how to buy Microsoft shares
• Tesla (TSLA). Tesla is an electric vehicle manufacturer, has always been a staunch supporter of digital currencies, and started accepting them as payments in February 2021, when the company purchased $1.5 billion worth of bitcoin. Learn how to buy Tesla shares
• CME Group (CME). CME is a financial derivatives exchange that offers trades in cryptocurrencies as well. In Q3 2021, the company reported a 14% year-over-year increase in its average daily volume (ADV) at 17.8 million contracts. Learn how to buy CME shares

CAPEX Web Trader 

Trade on one of the most complete, fully customizable trading platforms on the market. 
 
Available on desktop (Windows, Mac) and mobile (Android, iOS), it provides intuitive, web-based access to a vast range of tradable instruments, charting tools, analytical tools, and many more features. 

To view EOS's real-time price and chart on the trading platform can click on the "Search" icon located in the left panel or by clicking on "Cryptocurrency" and then select the instrument, in this case, EOS (EOS). 

>> Launch Web Trader 

MetaTrader 5 

MetaTrader 5, one of the best crypto trading apps, is providing superior tools for comprehensive price analysis, use of algorithmic trading applications (trading robots, Expert Advisor), and copy trading. 

MetaTrader 5 is available on both desktop and mobile.  

>> Download MT5 

Step 3: Pick up an EOS trading strategy 

Additionally, you can pre-define Stop Loss and Take profit orders, which are crucial risk management tools – that help you minimize the potential loss and maximize the potential gains. 

How to buy EOS with Market Orders 

The simplest type of trade order is a market order. Market orders are usually placed by traders if they want to be certain trade is executed. A market order is instant. Therefore, it is simply an order placed by a trader to buy or sell EOS immediately at whatever its current price is.  

I want to buy 200 EOS (EOS) right now or as quickly as possible. 

How to buy EOS with Limit Orders 

While a market order is simply an order placed by traders to buy or sell an asset immediately at whatever the current price, a limit order in its most basic sense, is an order to buy or sell an asset at a specific price. Buy limit orders are placed above key support levels with the purpose of limiting price risks anticipating the uptrend will resume after a correction (buy the dip).  

The price for EOS/USD is currently at USD 3.60 and you place a buy limit order at USD 3.20, then your order is meant to execute at the price of USD 3.20 as soon as there is a matching sell order at this price or better. 

How to buy EOS with Stop Orders 

A stop order is an order that becomes a market order only once a specified price is reached. It can be used to enter a new position or to exit an existing one. Limit orders are placed above key resistance levels anticipating a breakout after a consolidation. 

The price for EOS/USD is currently at USD 3.60 and you place a buy stop order at USD 3.70, then your order is meant to become market at the price of USD 3.70 as soon as the price is reached. 

Step 5: Monitor and close your EOS position 

To open an EOS trade, you’d buy if you thought that the price was going to rise or sell if you thought the price was going to fall. Once your trade is open, you’ll need to monitor the market to make sure that it’s moving in the way you anticipated. 

The technical indicators available on our trading platform can help you to determine what EOS’s price might do next. Indicators can also help you monitor current market conditions like volatility levels or market sentiment. 

CAPEX WebTrader can deliver an in-depth analysis of the charts and offers over 90 indicators (including moving average, MACD, RSI, and Bollinger Bands). The WebTrader platform also supports an interactive trading activity with high-end research tools helping you interpret market data.  

Take Profit & Stop Loss

Traders can close a position immediately to take a profit or to cut a loss. You can use market order or set Stop Loss and Take Profit levels when you set the order to buy EOS.  

The platform offers the stop-loss option, which lets you clearly state how much you're willing to risk with your trade. Similarly, the take profit is the exact opposite. It tells your broker how much you expect to make as a profit and when you want to close your position. 

Any profits you make will be paid directly into your trading account. Losses are deducted from your account balance. 

When to buy EOS (EOSUSD)

Investors should be aware of the fundamental and technical analysis when deciding when to buy EOS. The fundamental analysis considers the news and events about the coins, exchanges, and other crypto businesses. The technical analysis uses the price value history to map the evolution of the supply and demand for EOS. 

EOS Price Prediction using Fundamentals 

When using the fundamental analysis approach, investors should be aware of the government regulation, latest cryptocurrency updates, and technical issues, as well as cryptocurrency exchanges that affect the supply and demand for cryptocurrencies.  

For instance, when Bitcoin CME was introduced into the government regulations, and it drove the price of Bitcoin to almost $20,000 in December 2017. 

What is the future of EOS? 

EOS's success as a blockchain and its worth as a cryptocurrency will be dependent on its quality decentralized applications, and the team's ability to remain transparent and responsive to the needs of the community.

As the crypto industry is growing, crypto projects are constantly improving their technology and EOS is one of the most active crypto protocols. EOS has been able to establish strong partnerships with the crypto industry in 2021.

EOS is one digital asset that has been able to weather the current market conditions. EOS technology allows cryptocurrency startups to develop, host, execute and maintain decentralized applications (DApps), using its blockchain technology. EOS technology is also used in the DeFi area. EOS technology is used in more than 20 DeFi apps.

TradingBeasts' prediction for the EOS price suggests that this crypto will not be popular with investors or enthusiasts. The prediction is that EOS will trade below $3.50 by the year's end. EOS prices will not improve in 2022. TradingBeasts predicts that EOS price will remain at the current level and rally to $5 per year. TradingBeasts is still skeptical about the future EOS.

WalletInvestor says that EOS is a great long-term investment. The EOS project shows a 32.13% rise in just one year. Their price prediction predicts that EOS will trade lower up until the end before it starts a major bullish trend for 2022. However, don't get too excited about the next year. They also predict a sharp, but healthy, price correction to $5. WalletInvestor predicts that EOS's value will stabilize at $11 by 2026.

CoinSwitch predicts that EOS's price will rise over the next few years. The prediction that EOS would reach $15 by 2021 was more than a hit, as the price soared to $1,200. CoinSwitch predicts EOS's future price will be stable and could reach $100 by 2025.

The total EOS supply is 1,040 million EOS and 972 million EOS are in circulation. 

EOS is a great tool for engineers and developers to create decentralized applications. Because of its technology and underlying ideas, EOS is a highly sought-after coin by knowledgeable investors. The EOS project is well-equipped to succeed with its large investments and experienced team.

Because is difficult to analyze the intrinsic value of a cryptocurrency, it is recommended you perform a technical analysis before investing in EOS CFDs. It might offer some insight into the past movements of EOS, helping you predict where it will head in the future. 

EOS price prediction using technical analysis 

Some believe the high concentration of retail traders makes cryptos truer to traditional chart patterns and indications of oversold, overbought conditions, etc. 

Technical analysis techniques can be applied to any market where the price can freely fluctuate, and data is available to see those fluctuations. The CAPEX Web Trader has a full suite of all the best-known technical indicators and chart drawing tools. 

>> Learn how to forecast EOS price with technical analysis 

EOS Forecast 2022  

EOS is currently breaking free from a long-term resistance that kept it below $4. The $6 resistance level is another. The coin hasn't closed above $6 since early 2018. The next resistance level could be at $14, but it is possible for the coin to retrace.

However, the EOS/USD's technical analysis isn't encouraging much buying confidence. EOS's price has been declining sharply since May's yearly high. It rallied to over 80% and found support at $3.20, but resistance at $6 proved too strong for bulls looking for higher prices. Since then, it has been steadily declining and now forms a bearish market structure with a downward channel.

As of December 2021, EOS is trading at $4.05. Bulls hope that the price holds at the next support and recovers enough to break out of the channel. To help EOS gain some bullishness, it will take a miracle, either in the form of a major news story or a shift in market sentiment.

Price drops below the support level could potentially result in prices falling below $2. The next support level is at $1.99.

EOS reached a record value of $22.89 (April 29, 2018) and the highest price per EOS in 2021 was $14.37 (May 11, 2021). EOS hasn't been able to increase its bullish achievement above $3 since September's fall. A symmetrical triangle seen on the daily EOS real-time price chart may indicate that EOS's value could be as low as $1.75. To forecast EOS future prices based on such powerful chart patterns, extract the height of the triangle from the breakout price. 

In conclusion, should you Buy EOS or not? 

As with any investment, make sure you carefully assess your financial situation before investing in cryptocurrency, EOS, and the stock market. EOS can be extremely volatile—a single tweet can make its price plummet—as cryptocurrencies are still a highly speculative investment. Follow the already famous crypto investment phrase — "invest only what you can afford to lose". 

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