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Set up your trading account with eToro for free with your name, an email address and telephone number
Choose your preferred payment method and activate the account with the minimum deposit into your account
Choose a cryptocurrency by clicking ‘Trading Markets’, set your risk limit and click ‘Get Started’ to start your investment strategy
To buy cryptocurrency, you must create a wallet for yourself to hold the tokens. Trading does not require this.
If you wish to support the ethos of the cryptocurrency, buying is better. If you are looking to profit on investment, trading offers more options.
Trading through a CFD is much more likely to provide more regulation to protect investment. Buying does typically offer this added security.
EOS is the developing project of a team of blockchain experts headed by Dan Larimer. Larimer's previous successful blockchain endeavors include Bitshares and Steem. Larimer wants to build a blockchain protocol from the ground up which fixes scaling issues (and others) common to major blockchains like Bitcoin and Ethereum. EOS will support smart contracts and handle ICOs. In many ways, it will do all of the things that anyone familiar with Ethereum will well know. In many ways, EOS is taking a crack at being the Web 3.0 network we've all been waiting for. The question is, can they pull off the big promises they're making at this point in history? With a team led by Larimer, it would seem that EOS has as good a chance as any to dethrone Ethereum. What's more, being able to handle many thousands of transactions per second is a very compelling capability, one which Ethereum can only dream of at the moment. The coming months will tell us much about who wins.
One of EOS's major selling points is its Delegated Proof of Stake security and governance model. With familiar blockchains like Ethereum and Bitcoin, Proof of Work through data mining is the way transactions are verified, the network is secured, and new coins are added to the circulating supply. The problem is, Proof of Work is messy. It saps the world of incredible power resources and has a tendency to centralize influence in mining pools, and those who can afford/develop specialized devices which can mine these coins better than any other existing technology. Proof of Work isn't green. Proof of Stake allows users to verify transactions themselves, without requiring machines to do it for them. Ethereum itself is moving toward a version of Proof of Stake, and away from the mining protocol which has guided the network to this point. With Casper, Ethereum will make these important steps. But Ethereum isn't there yet. EOS's Delegated Proof of Stake gives 20 "Witnesses" the power to confirm transactions and receive new EOS coins. This puts a great deal of power in a few hands, but there is big financial incentive not to cheat, and what is lost in decentralization is gained in scaling potential.
Buying EOS isn't as simple as typing in your credit card number. There are very few cryptocurrencies which you can buy with US Dollars or Pounds Sterling or any other "fiat" currency. To make purchases of assets like EOS coin, you'll have to first buy Ethereum or Bitcoin, then take it to an EOS exchange where you can trade these well known cryptos for up-and-coming coins like EOS. Use an exchange like Coinbase or Gemini to buy some Ethereum or Bitcoin. You'll have to link your bank account or pay with a credit card. In most cases, it'll take a number of days for your transaction to be completed and for your new coins to be available to transfer and trade. Just be patient. You'll be there before you know it.
Mainly because it’s always good to diversify your investment portfolio. Having two or more investment vehicles will cushion you if EOS takes a hit from other competitors and market factors. Ideally, you want to spread your investments, and make sure you could profit on the growth of other technologies all whilst reducing losses if only one coin is failing.
Yes. Most exchanges do make you go through KYC verification processes for money laundering, but in reality, your transactions are always kept completely private. On top of this, if you transfer your EOS into a wallet that doesn’t need KYC verification, it’s then extremely difficult to trace.