Buy EOS in Australia
EOS
EOS
Overview
What is EOS?
EOS is a blockchain platform designed for decentralised applications (DApps) and smart contracts. Want to know how to buy EOS? Let’s talk about what the platform does, its native cryptocurrency, and how to buy it on CoinJar.
What is EOS?
EOS, short for “Enterprise Operating System,” aims to provide a scalable and user-friendly platform for dApps. It was developed by a private company called Block.one and launched in 2018.
At the time of its launch, it was a promising smart contract platform aiming to challenge Ethereum’s dominance.
The initial coin offering (ICO) raised a record-breaking US$4.1 billion. (An ICO is a way for new cryptocurrency projects to raise funds.)
However, after the ICO, development did not live up to expectations. The community eagerly awaited the promised advancements but saw little progress. Some community members felt that the owner of EOS, Block.one, did not fulfil its commitments, leading to disappointment and frustration.
Despite the massive ICO, development stagnated, and the ecosystem faced challenges.
Since then, EOS has overcome past challenges and adapted to present demands since its inception.
While it no longer holds its former top-10 position, the community has taken back control and is determined to restore the platform to its former glory.
Despite setbacks, EOS enthusiasts continue to work towards revitalising the platform.
Cool things
A quick look through the top dApps on the network is an interesting read of how people are using the platform.
Upland
A popular play-to-earn game on EOS, Upland lets players buy, sell, and flip virtual real estate in simulated cities. It blurs the line between a game and an alternative space for work and socialising.
AtomicHub
A high-scale NFT platform, AtomicHub is used by millions worldwide. It includes an NFT Explorer, Marketplace, Trading interface, and Creator.
Prospectors
This is an economic strategy game set in the 19th-century Gold Rush era, where players mine resources, build structures, and trade.
Defibox
Defibox is a decentralised finance (DeFi) project offering features like lending, swapping, and staking.
How to Buy EOS on CoinJar
Create an account: If you don’t have a CoinJar account, sign up on their website. Verify your identity as required.
Deposit funds: Deposit funds into your CoinJar account using your preferred payment method (bank transfer, credit card, etc.).
Navigate to the crypto of choice: Once your account is funded, go to the CoinJar platform and search for it.
Buy: Select the amount you want to purchase and complete the transaction. You can use Australian dollars (AUD) or other supported fiat currencies.
Secure your crypto: After buying your crypto of choice, you can transfer it to a secure wallet (but you can also just keep it on CoinJar as well). Hardware wallets or software wallets with strong security features are recommended.
Buy EOS: Conclusion
EOS is a platform for DApps and smart contracts. By understanding its features and following the steps above, you can easily buy it on CoinJar and participate in the EOS ecosystem.
Cash, credit or crypto?
Buy EOS instantly using Visa or Mastercard. Get cash in your account fast with bank transfer, PayID or Osko. Convert crypto-to-crypto with a single click.How to buy EOS with CoinJar
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TRADE FOR AS LOW AS 0%Frequently asked questions
What is EOS?
EOS is a blockchain platform designed for decentralised applications (DApps) and smart contracts. It aims to provide scalability, user-friendliness, and efficient resource allocation for developers and users.
How do I buy EOS on CoinJar?
Create an account: Sign up on the CoinJar website and verify your identity.
Deposit funds: Deposit funds into your CoinJar account using your preferred method (bank transfer, credit cards, etc.).
Navigate to EOS: Search on the CoinJar platform.
Purchase: Select the desired amount and complete the transaction using Australian dollars (AUD) or other supported fiat currencies.
Secure it: Transfer your purchased crypto to a secure wallet (such as a hardware wallet). But you can also keep it on CoinJar.
What personal information is required for buying and selling cryptocurrencies?
When using CoinJar or any cryptocurrency exchange, you’ll need to provide personal information for identity verification. This includes details like your name, address, and sometimes a photo ID.
Can I use credit cards to buy or sell EOS?
Yes, CoinJar accepts credit cards for purchasing it and other cryptocurrencies. However, there may be associated fees and interest rates.
What are financial assets in the context of EOS?
Financial assets refer to any tradable instruments, including cryptocurrencies. They hold value and can be bought, sold, or traded.
What is a cryptocurrency exchange?
A cryptocurrency exchange is a platform where users can trade digital currencies. CoinJar is an example of such an exchange.
Is investing in cryptocurrency risky?
Investing in cryptocurrencies carries risks due to their volatile nature. Prices can fluctuate significantly, so it’s essential to do thorough research and understand the market.
Does CoinJar accept crypto for transactions?
Yes, CoinJar accepts various cryptocurrencies for transactions. You can use your existing crypto holdings to buy EOS.
What is the market cap of EOS?
As at the time of writing (April 2024), the market capitalisation is US$1B. Check real-time data at the top of this page.
What is a hardware wallet?
A hardware wallet is a physical device that securely stores private keys for accessing your crypto assets. It provides an extra layer of security compared to software wallets.
What are peer-to-peer transactions in the EOS network?
Peer-to-peer transactions involve direct transfers between users on the EOS blockchain network without intermediaries.
What are digital wallets?
Digital wallets (or crypto wallets) store your EOS and other digital assets. They allow you to send, receive, and manage your holdings securely.
Who are retail investors?
Retail investors are individual investors who participate in financial markets, including buying and holding EOS tokens.
What role do private keys play in crypto transactions?
Private keys are essential for accessing your EOS holdings. They allow you to sign transactions and prove ownership.
How secure is my digital wallet?
The security of your digital wallet depends on the type (hardware, software) and your practices (keeping private keys safe). Always prioritise security.
What are financial products in the context of EOS?
Financial products refer to various instruments and services related to the management, investment, or utilisation of funds within the EOS ecosystem.
These can include staking mechanisms, tokenised assets, yield farming, and other financial tools designed to enhance user participation and value creation on the EOS blockchain.
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