How to buy EOS in Canada

Bitbuy makes it easy for Canadians to buy EOS in Canada

Buy EOS Cryptocurrency

EOS was created in 2017 to be the native digital currency for the EOS.IO computer network (the “EOS.IO Network”) by Block.one, the Cayman Islands based company that founded EOS. All transactions that take place on the EOS.IO Network are recorded on a decentralized, transparent, immutable, and multi-layered public ledger known as the “blockchain.”

The EOS protocol attempts to emulate many of the real-world features that computer hardware offers. The features include things like computer processing units and graphics processing units, hard disk storage and random-access memory. Users on the network offer up all of these computing resources to the network in order to keep it going, which is why the project uses the trademark principle of decentralization to its advantage. EOS also uses the power of smart contracts to facilitate transactions. The point of these features is to scale the development and the use of industrial-scale applications through what’s known as decentralized autonomous organizations (or DAOs).

EOS uses a blockchain protocol known as Delegated Proof of Stake (“DPoS”), which was designed to be an improvement on the more commonly known proof of stake protocol. DPoS protocols are desirable because they significantly lower the amount of computing power, effort and processing time necessary to validate blocks. Instead of requiring millions of individuals to reach consensus to validate a block every few seconds, DPoS allows EOS holders to vote for a small number of delegates who must reach consensus to mine new blocks (“delegated block producers”). With EOS, only 21 individuals are selected as delegated block producers, but they need to be voted in for each block. EOS claims to be able to process thousands of transactions per second, which is significantly higher than the Bitcoin or Ethereum Networks.

Delegated Proof of Stake. 21 individuals are selected as delegated block producers, but they need to be voted in for each block. The delegates must reach consensus to mine new blocks.

EOS competes directly with Ethereum and similar projects for market share. Like Ethereum, the EOS blockchain has an additional application layer that significantly lowers the entry barrier for developers to create their own smart contracts and decentralized applications (“dapps”). Developers on the EOS.IO Network can program dapps with far fewer restrictions compared to the Bitcoin Network. Dapps are like normal apps, but once deployed on the EOS.IO Network, they are unchangeable because they are recorded on the EOS blockchain. Dapps are not governed by any central body and are instead controlled by the logic written into the smart contract, which self-executes once its predefined terms are met.

Like Ether, the native digital currency for the Ethereum Network, EOS can function as a means of exchange and/or a store of value, with its value also being influenced by the additional use cases associated with its network.

How to Buy EOS

Eager to buy EOS but not sure how? No worries! Bitbuy is the simplest and most secure platform to buy EOS from.  Bitbuy always ensures the lowest associated fees and highest security when buying, selling or trading cryptocurrency.  

How to Invest in EOS in Canada

Investors can easily invest in EOS by creating an account with Bitbuy, adding funds to their account directly through e-Transfer or bank wire and buying  EOS directly through the Bitbuy platform. Experience problems or need questions answered along the way? Do not fear, Bitbuy is here. Our customer success will ensure your investment journey is smooth throughout.

How to buy EOS in Canada

Buying EOS in Canada as well as other digital currencies is simple and secure with Bitbuy. Here is how it works:

  1. Create Your Account: When you sign up to create an account on Bitbuy, you will be asked to confirm your email address, phone number, and verify your identity.
  1. Add Funds: Before you can buy EOS in Canada, add funds to your account directly with Interac e-Transfer or bank wire. 
  1. Buy and Sell EOS: Once you have sent money to your account, you can buy EOS instantly.  Bitbuy also makes it easy to sell EOS in Canada. Exchange your EOS for CAD and withdraw the funds back into your bank account.

If at any point you need help signing up, verifying your account, adding funds, or buying and selling EOS, just contact customer support  for same-day assistance.

Where to buy EOS in Canada

Bitbuy is one of the best and most secure places to buy EOS in Canada. Here is why:

Safe and Secure 

Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 99% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Here at Bitbuy,  it is crucial users know that their digital assets are is safe with us.  

The Lowest Fees 

Bitbuy offers some of the lowest buying and selling fees in Canada. You can check out our trading fees and processing times before you buy EOS.

Award-winning Customer Support 

Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and far more efficient. 

We pride ourselves in our exceptional  customer support which sets us apart from other digital asset marketplaces. Simply submit a request under Bitbuy Support to be paired with one of our experts. We believe that exceptional customer support is an essential part of simplifying cryptocurrency for everyone.

Easy Funding 

Interac e-Transfer is the most popular way to pay online in Canada. Canadians want to buy EOS with Interac, but banks do not make it easy. Bitbuy exists to simplify the process when you want to buy EOS in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada

EOS Wallet

Looking for a place to store your EOS?  Bitbuy is the perfect place to start. Bitbuy has a built-in wallet in each user’s account that you can use to store your EOS safe and securely.

Where to trade EOS

Website (instructions for the mobile app below)

1) Navigate to the 'Express Trade' section of your account

When you log into your Bitbuy account you will be automatically directed to the ‘Accounts’ section of your account. Click 'Express Trade' located at the top of the page if you are already logged in. To facilitate the trade click the 'Sell' button which will appear in red.  

2) Select EOS as the Cryptocurrency you wish to sell

Click the drop-down and search EOS to begin the sale .  

3) Complete your sale

Enter the amount of EOS that you wish to sell. The dollar value of your sale will be displayed below under ‘Transaction summary'. When you are ready, click the 'Sell' button to complete the transaction.

Mobile App

1) Navigate to the 'Accounts' section of your account

Sign into your Bitbuy account and you will be automatically directed to the 'Accounts' section. If you are already logged in, click on 'Accounts' in the bottom right corner of the navigation bar.  

2) Locate the cryptocurrency you want to sell  

Locate EOS and click on the 'Sell' button.  

3) Complete your sale

Enter the amount of EOS you wish to sell. The value of your sell will be displayed at the bottom of the page. When you are ready to continue, click the 'Place Sell Order' button to complete your transaction!

 

How to buy EOS in Canada

1
Create an account
Provide some basic details about yourself and get instantly verified
2
Fund your account
Fund instantly using Interac e-Transfer®
3
Buy EOS
One click, and you're done

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About Bitbuy

Bitbuy was designed for both new traders seeking a simple interface and for advanced traders who know their way around the crypto world. We understand that getting started with cryptocurrency can seem a little daunting and our goal is to make the process easier for you.

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