EOS Coin; It's Definition| How To Buy & Sell EOS COin Using Binance!!!

in #cryptocurrency6 years ago (edited)

(A). INTRODUCTION ABOUT EOS COIN

First and foremost EOS COin, came as a result of some group of experts headed by Dean Larimer (Team of Blockchain experts). Bitshares and our beloved Steem was as a result of the hard work invested in by Larimer.

The dream of Larimer is to build a Blockchain platform and protocols, that can compete with other major Blockchain, like Bitcoin and Ethereum.

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EOS COin is the coin for everyone that we would come to love, just as we have come to love and accept Bitcoin, Ethereum and Steem to be a part of our lives.
EOS will support many smart contracts and ICOs. In fact, it will do so many things that anyone, who is familiar with Ethereum will have no choice than to accept it.

(B). BUYING OF EOS COIN, IS IT A PRIORITY?

Buying of EOS COin, isn't a priority, but it will definitely be of imensed important to those who purchased it. EOS COin is a rare 💎, growing and glittering among other gems waiting for it to be snatched and utilized effectively.

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Currently, EOS COin is valued at about $14.69.
Source: https://coinmarketcap.com.

The last time, I checked, it's very much likely to increase as the days and weeks flies by. EOS as for me, is yet to be launched by Larimer and he's devopment team. Now, these is a project that needs to be watched and invested in.

(C). HOW CAN EOS COIN BE PURCHASED ON BINANCE?

Bithumb, Bitfinex and OKex are major sites, upon which EOS COins are bought and sold. To most westerners, these option is not laid out plain to them, so let's focus on the 4th largest EOS COin.

Binance is not well known, to sellers and buyers of of Crypto coins. Binance is widely available and handling well the dramatic surge in trade.
People purchase items, with there credit card number, but with EOS COin, is like, "fetching water with a tea spoon to fill up a water basin".

To make purchases of EOS COin(s), it's important that a purchase of Ethereum or Bitcoin is done first. Then, it's (Ethereum or Bitcoin) taken to an EOS exchange platform, where it's traded for up and coming coins, like EOS COin , Ecowealthcoin, Kryptonia, DCC COin, etc

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Source: https://coinlist.me

And also Coinbase and Gemini are popular blockchain platforms, which can be used to buy Ethereum or Bitcoin. But we are focusing on how to use Binance to "Buy and Sell EOS coin".

(D). HOW TO CREATE A NEW ACCOUNT WITH BINANCE SO YOU CAN BEGIN TRADING EOS

As said earlier, if you live in some parts of the world, where exchanges like Bithumb and Bitfinex are made available. Please, feel free to make your EOS purchases there. To the westerners who don't have Bithumb or Bitfinex made available to them. Binance is the best available option.

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  1. Create an account with Binance. Filling out the form, giving your email and a unique username. Then hit, "register". Binance will send you a couple of confirmation(s) and verification email(s).

  2. Enable 2FA. Two Factor Identification is a great way to prevent and preserve your account from been hacked. It makes, it impossible to open your accout with your password alone. So downloading an App such as Google Authentificator will constantly be cycling through random numbers totalling 6-digits.

  3. After login in, look for the code on your phone for Binance. Then type, them into Binance s and you are good to go. Trading on Binance withkut completing these process would be difficult.

(E). EASIEST WAY OF SENDING BUTCOIN/ETHEREUM TO YOUR BINANCE WALLET

After completing the above process of creating and signing up into your Binance account. Sending of your Ethereum or Bitcoin over to your Binance wallet will be easy.

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  1. From the above image. Move your mouse over to, "funds" and select, "deposit withdrawals". Now, these process will take you to a complete list of well the Binance wallet that are available, which also includes options for every COin, that EOS exchange allows to be traded.

  2. Type, "BTC or ETH" into the search bar, and you will see the wallet you are looking for.

  3. Click on, "deposit" and an address will appear, which is your Binance/Ethereum deposit address. Copy this address, which is a bunch of letters and numbers mixed.

  4. The next step, is to take the address to the wallet in which you currently hold your Bitcoin/Ethereum. Paste, the address into the address text box that appeared after you clicked, "withdraw".

  5. Select how much Bit oin/Ethereum you want to send to Binance, and then hit select withdraw/send.

NOTE: Try sending a small amount first, so as to be sure that it appears on your Binance. To avoid, "story that touches the heart"

(F). HOW TO EXCHANGE YOUR BITCOIN/ETHEREUM FOR EOS COIN

Now, the bombshell. It's now time to trade your Bitcoin/Ethereum for EOS. Follow, this guide carefully and you will be set to buy your EOS COin with Bitcoin or Ethereum.

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  1. Click on, "Exchange" on the top left of the page and select "Basic". This action will take you to the main trading screen. On the right side of the screen, select the "BTC" box in other to see only the coins traded against Bitcoin.

  2. Type, EOS into the little textbox and your will see the "EOS/BTC" trading pair. Then click on it to proceed.

  3. Just a little below, the "Buy" and "Sell" buttons will change to "Buy EOS".

  4. In the, "Amount" section, beside the little interface with the green "buy" button. Type, the amount or price at which you are willingly to buy an EOS COin.

  5. Finally, select how much many EOS COin you need to buy. By clicking on the "100%" box, you can purchase them at a large amount depending on how much Bitcoin you have in your Binance.
    Your EOS COin will arrive in your EOS Binance wallet, which could take seconds or days. All running down to the price you choose.

NOTE: it's not a must, that you copy and paste the current market price, which is the "black number", which lies between the, "Ask" and "Bid" list on the left of the page.

With these I believe trading with EOS COin would be made easier.

Thanks for visiting my oh. I remain loyal and faithful, to SteemIt, steemjet and it's community. ☝️☝️☝️@misterbauchi

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Coins mentioned in post:

CoinPrice (USD)📉 24h📈 7d
BTCBitcoin7497.930$-2.71%3.77%
EOSEOS13.658$-6.18%12.99%
ETHEthereum589.721$-4.15%11.67%
MIOTAIOTA1.732$-4.24%24.48%
STEEMSteem2.319$-8.49%2.23%

Woooow, thanks @coin.info. for the updates...

Very informative post, well done bro

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