Based on Ethereum, EOS is a blockchain based software that helps to scale decentralized applications to both directions, horizontal and vertical. You can perform EOS exchange on our website, BestRate.org. With EOS you can add to your app such features as databases, accounts, asynchronous communication, authentication and the scheduling of applications across multiple CPU cores and/or clusters.
The EOS tokens price is determined by the market demand and thus large purchasers don’t get unfair advantage for mining.
The platform is fueled by EOS tokens.
In order to exchange Bitcoin to EOS you need to set up a wallet for both of these currencies first. We recommend to use the wallet named Jaxx.
Set up Jaxx wallet on your PC
1. First, you need to install the Jaxx application on your PC. You can do it by the link below:
2. If you have multiple alternative currencies select the custom wallet:
3. Select the virtual currencies you possess:
4. Select the fiat currencies you possess:
5. On the next step, Jaxx will ask you if you want to backup your wallet. Agree, as this is very important in terms of security of your digital funds.
6. Jaxx will generate a mix of 12 words that are not related with each other, which makes it really difficult to remember. Write down this word set somewhere in a paper notebook or any other item that can’t be hacked via internet.
7. Type this word mix on the next step:
8. Then Jaxx will ask you if you want to set up a security PIN. Agree and proceed to the next step. Set up your 4-digit PIN-code and verify it:
That’s it, now you have a Jaxx wallet on your PC.
How to exchange BTC to EOS
Choose the cryptocurrency that you want to exchange for EOS and put in the amount.
Select the best EOS rate to make the transaction for EOS exchange.
Put in your EOS wallet address.
Copy the address provided by BestRate.org.
After that the transaction will be created and processed with its status displayed on your screen.
How to sell EOS
Select the digital currency you want to buy with EOS, put in the amount and repeat the process described above to exchange cryptocurrency.
BestRate.org provides you with the best EOS exchange rates so that you could maximize your profits.
What is EOS
EOS project is supposed to solve the problem of low amount of transactions per second. Ethereum network can process only 15 transactions per second, while Visa and Mastercard process millions. EOS team has developed its own algorithms to increase the number of transactions and also to make it possible to launch decentralized apps on their network.
Advantages of using EOS
EOS network was designed to be scalable. It can grow easily without frustrating freezes of the transactions or application lags. It also can be easily reconfigured to run more and more nodes, to process the needed number of transactions.
This network is born to be an instrument for the blockchain developers. You can publish your applications on it with no fear to freeze your virtual machine. You can publish your code and ask the community for help. You can even use multiple virtual machines’ processing power to test your apps and check the compatibility.
EOS has the great community and the team of developers. They have set descriptions and hints for almost any part of the instrument that might be interesting for the newbie at blockchain development. It makes EOS a very user-friendly platform for the one who is going to start his way in coding decentralized apps.
EOS is a crypto token and can be bought, sold or exchanged using different services.
You can exchange EOS to other coins using special websites called exchanges. But it can be great to compare their prices first between each other and choose the best one using aggregators like Bestrate.org.
Nodes are the computers that process every transaction and check the whole blockchain for the ability of contragents to make a transaction. EOS network does’t have any restrictions on the number of nodes registered in the network.
EOS coins can be converted to USD. If you multiply the total number of EOS by the price of one EOS coin you will get the Market Capitalization of the whole EOS network.
EOS investment strategy
EOS is an ambitious project that really solves one of the biggest problems about cryptocurrency. From this point of view this project can be very interesting for a long-term investor. Buy and hold EOS till its price grows. When you will be ready to fix your profit you can easily exchange these coins to Bitcoin or Ethereum using Bestrate.org.
Where to keep EOS
EOS is based on the Ethereum algorithm and there is plenty of wallets that are compatible with this type of coins. You can use MyEtherWallet, Icebox and other wallets that you like.
How to transfer EOS securely
Here are some tips for you to not lose your money.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send EOS coins to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of EOS coins at a time.
Test before sending
Any time you send huge amount of EOS check the whole procedure on a small amount. When you will be sure that your partner has received the money, do the same thing with the rest of the asset.