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Bitbuy | Buy EOS
Can cryptocurrency be more than a medium of exchange? Among the thousands of different cryptocurrencies in existence today, a growing number of them are designed with multiple functions that go beyond investment speculation and buying a sub sandwich. If your goal is to support innovative technology, you may want to buy EOS.
EOS: A Primer
In January 2018, Block.one came up with EOS.IO blockchain platform, open-source software that maintains smart contract capabilities and decentralized applications to facilitate software development.
Put simply, EOS tries to solve the many widespread blockchain problems of speed, flexibility, and scalability. Unfortunately, this has typically resulted in bottlenecks, causing slower execution speeds and sluggish computing power availability.
In this ecosystem, EOS functions as the native cryptocurrency. So, what do we know about the EOS token?
For one thing, there is no maximum supply limit for the EOS coin. The proof-of-stake model – users must own the cryptocurrency in their EOS wallets for three days without selling – relies on inflation that is capped at 5% per year to fund transactions and pay a block producer or user.
Because of its scalable infrastructure, EOS can execute one million transactions per second with some of the lowest fees in the sector, grabbing the attention of the crypto public and the finance world. Let’s face it: who enjoys transaction fees and long wait-times?
Industry experts say that EOS is comparable to Ethereum because the decentralized system allows transaction confirmations to be executed on a unique type of consensus system.
Crypto observers regularly refer to EOS as a "democratic inflation-based economy". So, if you are excited by the potential behind the EOS landscape, are you ready to open an EOS wallet and buy EOS now?
How to Buy and Sell EOS with Bitbuy
Whether you are a seasoned crypto enthusiast attempting to find new opportunities or new to this sphere and want to latch onto something, it is essential to become acquainted with the buy and sell basics of EOS. Here is what you need to know about purchasing EOS on Bitbuy.
- Visit Bitbuy and open an account by providing your email address and telephone number and verifying your identity.
- After your identity has been confirmed, it is time to deposit funds from the fiat currency (a government-issued currency, like the Canadian dollar) of your choice into your account. You can choose to transfer your funds via Interac e-Transfer, or through a bank wire.
- Once funds are fully deposited into your account, select from one of many different digital currencies to purchase - from EOS to bitcoin to XRP – in the ‘Express Trade’ section of your account Users can start with as little as $100! The dollar value of the quantity of EOS (or any other digital currency) that you are purchasing or selling will appear in your “Transaction Summary” prior to completing the process.
If you experience any hiccups, you can always contact our dedicated and resourceful customer service team.
Hold, Buy, and Sell EOS Through our Secure Canadian Platform.
In a fast-moving and ever-evolving crypto marketplace, it can be challenging to figure out what digital currency to buy on a cryptocurrency trading platform. Think about your goals as an investor to help guide your decisions within the crypto realm. Be it tokens or technology – EOS may have just what you’re looking for!