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How To Buy EOS (EOS) and Everything You Need To Know

11 mins
Updated by Ish Bautista
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EOS has been around since 2017, making the chain a relative veteran in the young crypto space. But what is EOS, and how does it work? In this guide, we demystify the platform and its functionalities. Here’s what you should know, including how to buy EOS, the homonymous native coin.

Buy EOS (EOS) with just a few clicks on these secure platforms


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Availability USA & Europe
Deposit fees 0
Trading fees 0-0.4% (maker) / 0.05-0.6% (taker)
Limited time offer Bonus $10 for US users


Where to buy EOS

As one of the top 100 cryptocurrencies, many centralized exchanges (CEX) still support EOS. Here are a few of the top platforms that allow you to purchase EOS.

Trading fees
up to 1000 USDT and 10% off trading fees
Trading fees
No bonus
Trading fees
0.00% and 0.01%
Up to $600
Trading fees
Up to $30,000
Trading fees
Maker fee. 0.080%. 0.075% ; Taker fee. 0.100%
Guaranteed airdrop up to $100

Each platform listed above has a number of key strengths. All five are leading industry heavyweights and offer solid security measures and decent customer protection. Binance’s high liquidity for EOS trading pairs may set it slightly above the rest, but Kraken and OKX are also excellent, security-focused options.

What is EOS?

The EOS.IO (a.k.a. EOS or EOSIO) is a blockchain protocol that runs enterprise-grade or industrial-scale decentralized applications (DApps).

The EOS protocol was launched in 2018 by Brendan Blume and Brendan Blumer, who also worked on BitShares and Steemit, spearheaded the initial development.

Its objective is to be a low-cost alternative to blockchains like Ethereum, opting for features like free transactions and greater scalability.

EOS crypto

EOS crypto, the native coin of the EOS ecosystem, initially launched on the Ethereum platform but later transitioned to the EOS network. This digital asset serves multiple purposes within the EOS ecosystem, including crypto staking, governance, and driving economic transactions.

How does EOS work?

Create an MSIG Transaction with EOS Nation Tutorial
EOS Nation Tutorial: Medium

EOS functions differently from most blockchains. However, it uses delegated proof-of-stake (DPoS), which isn’t too unusual. EOS holders vote for a set of block producers from a pool of candidates, and they validate transactions and produce blocks. The difference is that, unlike other blockchains, transactions on EOS are technically free.

However, users must stake a certain amount of coins to reserve access or reserve resources like bandwidth, storage, and computing. The more EOS you stake, the more resources you get. Bandwidth (i.e., NET) and compute (i.e., processing power/CPU) regenerate over time; storage (i.e., memory/RAM) does not.

Why is EOS popular?

EOS became popular because it had one of the longest (about a year) and most lucrative ICOs, raising over $4 billion — which created a lot of media attention. It was also positioned as an Ethereum competitor, which became a popular narrative at the time.

EOS vs. other cryptocurrencies

As of June 21, 2024, EOS ranks 80th on CoinMarketCap, with a market cap of $860,888,613.

EOS vs. XRP: An ultimate comparison

EOS block explorer
EOSIO block explorer:

Ripple and EOS are often compared to each other but differ in a few ways. EOS primarily appeals to enterprises or businesses that want to build DApps.

On the other hand, Ripple primarily appeals to financial institutions such as banks or payment platforms for cross-border payments.

Additionally, contrary to popular belief, EOS has more than 500 validators, while XRP has just over 100 validators. Finally, EOS scales to at least 4,000 transactions per second (tps), while XRP sits right at 3,400 tps.

EOS ecosystem 

buy eosio dapps
EOS DApps:

EOSIO has an abundance of DApps compared to many non-EVM smart contract platforms. These range from metaverse games and NFTs to marketplaces and exchanges. Here is a list of a few.

  • DolphinSwap: DEX
  • DEX
  • PayCashSwap: DeFi
  • Defibox: DeFi
  • Upland: Games
  • Crypto Dynasty (EOS): Games

EOS wallets 

There are not many dedicated EOS wallet options. To interact with the blockchain, users must create an account from an existing account. Here are a few EOS-supported wallets.

  • EOS Account Creator
  • EOS Authority
  • Anchor (formerly GreyMass)
  • Wombat
  • imToken

EOS staking

EOS uses DPoS as its consensus mechanism. Instead of allowing every EOS token holder to participate directly in block production, EOS allows token holders to vote for a few block producers.

There are 21 active block producers at any given time, responsible for validating transactions and producing new blocks in a round-robin manner. EOS token holders can stake their tokens to vote for BPs.

How to buy EOS

There are many ways to purchase EOS. In this guide, we will use the Kraken app to demonstrate how to buy and sell EOS.

1. Firstly, open the Kraken app. Go to the bottom of the screen and select the purple exchange button with the arrows.

buy eos step 1

2. Secondly, select the “Buy” button and choose EOS.

buy eos step 2

3. Enter the amount you would like to purchase.

buy eosio step 4

4. Lastly, swipe the slider at the bottom of the screen to complete your purchase.

buy esoio step 4

Depending on the options supported by your chosen exchange, purchasing EOS is possible through various payment methods, such as bank transfers, credit or crypto debit cards, Skrill, and Netteler.

How to buy EOS with a credit card

To buy EOS with a credit card, follow these steps: choose a trustworthy crypto exchange, set up an account, fulfill any necessary verification steps, connect your credit card to the exchange account, acquire EOS tokens via the exchange’s trading platform, and then move your EOS to a personal wallet for enhanced security.

How to sell EOS

1. Go to the Kraken app. Navigate to the bottom of the screen and select the purple exchange button with the white arrows.

sell eos step 1

2. Select “Sell” and choose EOS.

sell eos step 2

3. Enter the amount you would like to sell.

sell eos step 3

4. Lastly, swipe the slider at the bottom of the screen to complete your transaction.

sell eos step 4

5. Congratulations, you have successfully bought and sold EOS!

sell eos step 5

EOS: Should you buy into the hype?

Evaluating the potential and hype surrounding EOS is crucial for making informed investment decisions. Hence, here are some additional pros and cons to ponder.


  • Fast transactions and speed
  • Swift block production times
  • Smart contract capabilities
  • Innovative technology and design
  • Relatively large validator set


  • Sybil protection mechanism could encourage centralization
  • Development activity has declined
  • is the largest holder of the native coin

EOS: A worthy addition to your investment portfolio?

Whether or not EOS is a good investment for you largely depends on your financial goals. EOS had an all-time high of over $20 in 2018 but has not been able to come close since. It currently sits below $1.

On top of this, the protocol has yet to come close to the amount of hype and development as its competitors. It also took a hit to its public persona due to a lawsuit by the SEC, in which was ordered to pay $27.5 million.

In a statement about the lawsuit, said:

“ believes this lawsuit was without merit and filled with numerous inaccuracies. However, accepting this settlement allows us to focus more time and energy on running our business and delivering new products.” settlement press release:

EOS (EOS) price prediction 2023/2025/2030

Our EOS price prediction anticipates that EOS has the potential to be worth $2.129 in 2023, $3.086 in 2025, and $10.04 in 2030. Do note that price predictions are based on a number of conditional factors and can never be relied on fully. Overall, market conditions will certainly play a part, and in particular with EOS, the success of its layer-1 competitors.

Should you buy EOS?

Only buy EOS if you are confident in the blockchain and the project. The protocol was ingenious at the time of its launch. Yet, the network has not retained the zeal that it once commanded, and there are other blockchains that can do what EOS does equally well, if not more efficiently. On the other hand, EOD has remained one of the top 100 blockchains by market cap. That itself is impressive, considering the significantly increased competition in this space since EOS’s 2017 launch.

Frequently asked questions

What is EOS crypto?

How do I buy EOS cryptocurrency?

Is EOS a good crypto to buy?

Can I buy EOS on Coinbase?

Can EOS reach $100?

Is EOS better than Ethereum?

Is EOS a stablecoin?

Does EOS burn coins?

Can I buy EOS on OKX?

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Ryan Glenn
Ryan Glenn is a journalist, writer, and author. Ryan is motivated to educate as many people as possible on the benefits of web3 and cryptocurrency. He has authored “The Best Book for Learning Cryptocurrency,” and runs an educational platform,, dedicated to demystifying the crypto space. Ryan built the platform to transition tech-savvy and non-tech individuals into crypto and give everyone a baseline understanding of the different fields in the cryptosphere. Ryan is also an...