What is EOS?

EOS is a distributed, blockchain-based platform for decentralized apps (dApps), similar to Ethereum in function. The goal of EOS is to facilitate blockchain development through an operating-system-like set of services and functions. The EOS token is transferible and can be used to pay for computing resources.

How to sell EOS?

You can sell EOS on cryptocurrency marketplaces like exchanges and broker services. Simply open an account with one of them, verify your identity (e.g. by uploading identity documents like your passport) and make a fiat deposit to make your first purchase. In some cases, you may also need to setup a EOS wallet to store your EOS in case the chosen marketplace does not offer one natively on their platform. The whole process including account creation, identity verification and payment processes can take from few minutes to several weeks (depending on verification and payment procedure).

Where to sell EOS?

There are two major types of cryptocurrency marketplaces.

Exchanges resemble traditional stock exchanges (such as the New York Stock Exchange or the NASDAQ Stock Market). On cryptocurrency exchanges, individuals can trade bitcoins directly among each other, while the exchange determines the price of EOS and finds a sufficient number of sellers and sellers to fill all orders (matchmaking process). As a result, there is no personal contact between traders. The trading features offered by exchanges are tailored to professional traders with higher frequencies and volumes require. This is why their user interfaces may be somewhat confusing for beginners.

Brokers act as dealers as they sell EOS directly out of their own asset stock. Cryptocurrency brokers therefore act as market makers and charge a markup or markdown that is more expensive than trading fees charged by exchanges. Still, broker services usually offer a lot of different payment methods and are usually very easy-to-use and therefore beginner-friendly.

What to consider when selling EOS

After learning about different types of marketplaces you might wonder: “What’s the best marketplace for me?” Well, you’ve come to the right place: Cryptoradar lists popular places to sell EOS from all around the globe. Simply use our filters to find a marketplace that meets your requirements.

Verification: Most marketplaces require you to verify your identity (e.g. by uploading a copy of your passport) and proof your permanent residence (e.g. by uploading a recent utility bill) before you will be allowed to sell cryptocurrency. This process can take between few minutes to several weeks.

Wallet Service: An EOS wallet is a piece of software of hardware where you can store your bitcoins. If you are new to cryptocurrencies, look for marketplaces that already provide a wallet service. We would like to point out that storing bitcoins in a wallet that you are managing yourself is the safer option but it requires some learning effort. We’ve collected some basic info about different types of wallets here.

Prices & Fees: The price of EOS is determined by supply and demand, i.e. it is based on the number of people willing to buy and sell. While cryptocurrency exchanges determine the prices on their platform, broker services align their prices on the current prices of the major exchanges, but usually charge a markup and fees for their services. In addition to trading fees, there may be fees to deposit and withdraw fiat currencies or EOS.

Payment method: Before you can sell EOS you need to deposit fiat money at a marketplace. Most exchanges only offer wire transfer, while broker services often offer a larger number of more convenient payment methods such as credit cards or Skrill for an additional payment fee.

Security: When investing money and even more so when investing into cryptocurrencies, security plays a major role. Our filters help you find marketplaces that you can trust, based on offered security features. Please bear in mind, however, that you should not keep significant amounts of fiat and cryptocurrencies on marketplaces, as they may be affected by cyber attacks.

When to sell EOS?

Is now a good time to sell EOS? We don’t know. However, if you are looking at a specific price at which you would like to sell EOS, we can help you to not miss a favourable opportunity: Sign up for a Cryptoradar account and set up a price alert to get notified when EOS trades below or above your target price.