How to Buy EOS (EOS) in Faroe Islands

A Step-by-Step-Guide on how to buy EOS (EOS) in Faroe Islands

Step 1 – Join Kraken

You will first need to buy one of the top-tier currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Click below to register and receive your welcome ETH (Ethereum) or BTC (Bitcoin).

Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. EOS (EOS) is available on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Crypto Exchange? (Follow this guide)

Make sure you have selected the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, et cetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Follow our how-to).

Step 3 – Find EOS (EOS)

As soon as your deposit has been verified, you'll directly have access to your funds and you can launch invest and trading. To invest in EOS (EOS) on Binance, you'll want to hover over the “Exchange” tab and then mouse click on “Basic”.

To locate EOS (EOS), you will need to put the short name of the asset (EOS) into the search box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this also. Click on “EOS/BTC” to go ahead.

Step 4 – Buying (EOS) EOS

Once you have found (EOS) EOS, you will be given a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the image). And now we're making our own Limit Order.

The field with the “Price” tag will be filled automatically with the latest price (EOS) EOS was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of EOS you like to buy. The “Total” field is the whole price in Bitcoin that you will settle for the whole volumen of EOS.

When you are happy, make a mouse click on “Buy EOS”. Your order will be filled as soon as a Seller trades their EOS for the price you submitted.

Step 5 – Withdraw (EOS) EOS

Unless you're regularly trading, best advise is not to keep your crypto on an Crypto Trader for an extensive time frame. In order to withdraw your EOS (EOS), go to the tab called “Funds” and click on “Withdraw”. EOS (EOS) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate EOS (EOS) by using the given drop-down box. Enter the quantity of EOS (EOS) you'd like to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

When you are happy, click on “Submit”. You could be asked for verfication via email/phone before a take off.

Congratulations! You have successfully bought and safed (EOS) EOS in Faroe Islands.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). Once you've confirmed your withdrawal using Etherscan.io or Ethplorer.io and the EOS (EOS) is safe in your wallet, you are finished.