EOS is owned by an organization called Block.one. In May 2017, the whitepaper for EOS was released but it wasn’t until June 2018 when EOS was launched. Although it’s Dan Larimer (a software developer) who is typically most associated with EOS, Brendan Blumer is the CEO. The goal of EOS is to create a platform where big businesses can run their operations and applications without worrying about slow speed (since the network can run thousands of transactions per second). If you are wondering how to buy EOS in Canada, Netcoins is a publicly owned, fully regulated crypto trading platform. With 0% funding fees*, free cash withdrawals, and live customer support service seven days a week, we make it simple for Canadians to buy EOS and other cryptocurrencies.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
What Is EOS?
EOS is a platform that allows developers to build decentralized apps (or DApps). The aim is to make it as easy as possible for developers to innovate upon it. Not only that, but EOS also focuses on solving the scalability issues that exists with Blockchains and improve the user experience for big businesses. That’s why there are many resources available for developers to build upon the EOS network.
What's The Difference Between EOS & Ethereum?
The EOS platform, like the Ethereum platform, lets people build and run decentralized apps (known as dApps). However, EOS seeks to be like Ethereum but for big businesses. For this reason, it can process transactions at a much faster rate than Ethereum can. Although this is an important distinction, there are also other differences worth mentioning.
Ethereum has an unlimited supply of ETH it will produce – though they have started to burn tokens as a way to make ETH a deflationary asset. EOS on the other hand has a total supply cap of 1 billion with a yearly inflation set to 5%.
Why Buy EOS?
For starters, EOS has ambitions to be better, faster and bigger than Ethereum. While Ethereum’s network can handle around 15 transactions per second, EOS is hoping to increase this to millions of transactions per second -which is more than even VISA handles. Plus, there are no fees to send or receive EOS. EOS provides businesses with the ability to build blockchain solutions similar to the way that web applications can be built. Although there seems to be potential for EOS, it is still in its infancy
How Much EOS Can I Buy?
You don’t need to buy a lot of EOS to get started! Our minimum purchase amount is 2.4 EOS. Enabling anyone to gain exposure no matter how many dollars they have to invest.
What Does EOS Future Hold?
EOS continues to show promising progress in its development stages, demonstrating robust performance. As EOS advances its technology with the aim of handling millions of transactions per second, it positions itself as a formidable contender in the blockchain space, potentially challenging Ethereum’s dominance in transaction throughput. Looking ahead, EOS's commitment to enhancing its scalability and efficiency could significantly influence its adoption and utility across various applications. The future looks promising for EOS, which remains at the forefront of blockchain innovation. Dive into the world of EOS today with an initial investment as low as $10 in EOS tokens, available right here on Netcoins.
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy EOS in Canada.