What is EOS? Where and How to Buy EOS in Australia?
Take a closer look and learn all about EOS, how it works, and its future prospects.
If you’re looking for an easy and secure way to buy EOS, you’ve come to the right place. Today we will explain everything you need to know on how to buy EOS in Australia.
But first, let us start with basic information.
What is EOS?
EOS is a blockchain platform designed to deploy decentralized applications (DApps). Its operation is similar to the Ethereum platform, with the exception that it is faster and more scalable. Allowing developers to create decentralized applications more efficiently.
The EOS project (for which the EOS tokens were created) is highly focused on solving many of the problems of blockchain technology. Especially those who keep it away from massification and worldwide adoption.
Blockchain is recognized as an infinite and unbreakable data network that stores information through the consensus of all the members of the structure. This technology holds great promise for the future and can be applied in different areas of our civilization, although its potential has not yet been fully revealed.
TECHNICALLY: Thanks to the DPoS consensus protocol or Delegated Proof Of Stake, EOS has a very efficient transaction system. due to DPoS, a transaction can be considered confirmed with 99.9% certainty, 0.25 seconds after its issuance.
LAYMAN’S TERMS: Transactions confirm securely, super fast!
Is EOS legal?
Negotiations with EOS are 100% legal and transparent worldwide, which is why this and many other cryptocurrencies can be transferred freely through different countries without jeopardizing the funds sent for regulatory reasons. Also, remember that EOS is based on a decentralized platform. Tax implications in each country still apply.
Additionally, EOS is obtained using the Delegated Proof of Stake (DPoS) algorithm, which is also fully legal and improves upon the Proof of Stake (PoS) consensus algorithm. This system maintains that EOS token holders choose the creators of their blocks through a continuous approval system.
Since this cryptocurrency takes place primarily in a world of decentralized developers and applications, EOS has occupied an important place in the Australian software world, as it has in multiple countries around the world.
Related: Is Bitcoin Legal in Australia?
How to profit from EOS?
Like other cryptocurrencies, EOS is listed on the crypto market and has a market capitalization of $2,417,877,510 USD or (roughly 2.4 billion US dollars), while transacting more than $1,395,000,000 (1.4 billion US dollars) a day.
EOS’s current price is $2.59 (a low price compared to past moves), so acquiring EOS could be a good deal in both the short and long term. Although the crypto market is known for its volatility, the price of this token can be used to make big profits.
Buying EOS before its price increases or selling it before it decreases could net some excellent returns, especially when we can buy large quantities for its current price.
This, however, is by no means financial advice and one should do their own research on investments.
Why do people buy EOS in Australia?
- Australian developers involved in the EOS platform enjoy high secure scalability
- Its price per token offers easy on-ramp opportunities on limited budgets. EOS can present price movements similar to those of cryptocurrencies such as Bitcoin, which can be very convenient considering that we can earn a higher percentage per acquired token.
- EOS is currently number 9 in Market Capitalization on CoinMarketCap.
Can I buy EOS in Australia?
The purchase of cryptocurrencies has increased dramatically due to the profit opportunities involved. Countries on every continent are increasingly embracing the concept of digital assets, and Australia is no exception, especially with EOS. Being a special cryptocurrency for decentralized applications, the Australian community maintains a high demand for this token/coin.
To acquire EOS tokens/coins in Australia you will only have to create a personal and compatible wallet, which you can do at Easy Crypto Australia through a few simple steps. Sending and receiving EOS is extremely easy and we allow you to buy your desired amount using AUD at the most competitive rates.
Innovatively save, send, receive, or pay using EOS tokens in an intelligent, decentralized, anonymous way.
How to buy EOS in Australia?
The first step to buy EOS in Australia is to access Easy Crypto and register a personal account, which you can use to acquire different digital assets and save them. Just like traditional exchange platforms offer a wallet service for the most popular cryptocurrencies, we give our users the opportunity to directly buy and store them. On the main page, you will see the accepted currencies and the available tokens.
We know that not all users have the appropriate experience level to carry out transactions of this type on large exchange crypto platforms, which charge high transaction fees and have multiple types of orders, which can confuse beginner users. For that reason, we have a local Australian platform which allows you to access the crypto market.
How to buy EOS with Easy Crypto AU?
Time needed: 5 minutes
Follow these easy steps to start buying EOS with Easy Crypto Australia
- Create an account
Go to the official page of Easy Crypto Australia and access by creating an account or logging in through your Mail, Google and/or Facebook accounts. You will of course have to provide sufficient identification to meet government guidelines but this is usually a selfie and a copy of some Australian ID.
If you create a new account, you must confirm your email after sharing it with our platform and creating a strong password. After logging in, we recommend taking a look at the Easy Crypto options available to up-skill on our services. We have content guides and an excellent customer support team that can walk you through whatever you want to do within the platform. - Go to the “Buy & Sell”
“Buy & Sell” that you will find in the upper bar of the home page to directly choose the cryptocurrency you want to buy and the currency with which you can pay (AUD, in this case).
- Make an order
Once you have followed the instructions and completed your order, your EOS tokens will be sent to your wallet so that you can have them 100% in your possession.
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Disclaimer: Information is current as at the date of publication. This is general information only and is not intended to be advice. Crypto is volatile, carries risk and the value can go up and down. Past performance is not an indicator of future returns. Please do your own research.
Last updated March 20, 2023
