Aside from blockchain startups tapping on making solutions for remittances, creating a platform to host DApps are also in popular demand.
EOS is a blockchain platform for Decentralized Applications (DApps). This platform provides developers the tools to create apps on the blockchain.
EOS is a tool for developers who need to build decentralized apps. It can scale thousands of transactions per second and still offer security. The project has a complete operating system with services such as user authentication, cloud storage, and server hosting.
During the December 2017 cryptocurrency boom, EOS’ price is around $2.82. It reached its peak on January 13, 2018 at $18.16 a piece. At the time we update this article, EOS sits at $6.45 (September 2018).
How to buy EOS in the Philippines
Since EOS is an altcoin, the only way to get one is through a foreign crypto exchange. Although it may sound complex, you can follow the steps below.
We will use Binance crypto exchange as an example in this article.
(UPDATE) Buy EOS on Abra
Abra supports depositing fiat via local banks and through credit cards. You can exchange bitcoins for EOS within the Abra App. Should in case you want to cash out, you can do via partner merchants like Tambunting.
- Download Abra here! (It will ask for your mobile number, start with the PH area code 63.)
- Buy cryptocurrency on Abra through credit card!
What if the exchange does not accept new users?
Cryptocurrency exchange websites are now getting a flood of new users. Because of that, some of them don’t approve new user registrations. If this is the case, feel free to use any safe and trusted crypto exchange site of your choice. The interface may look different but the process is essentially the same.
Step by Step Guide to Buy EOS from the Philippines Using Binance
- Register for Binance here.
- Send bitcoins from Coins.ph to your BTC wallet in Bittrex.
- Go to Binance’s EOS page.
- Buy EOS using instructions in this article.
- Once you are done, transfer your coins from Binance to your EOS wallet.
Best Wallets for EOS
- Infinito Wallet
Can I send my EOS back to Coins.ph or Bitbit?
No, at the time we write this article, Bitbit.cash only supports BTC and Coins.ph supports BTC, ETH, and BCH.
Decentralized Apps platforms are becoming popular in the blockchain industry because it can disrupt a lot of industries and solve problems. It can cut the middlemen or make supply inventories more efficient. EOS claims a dev can freely choose what to use in a specific project through its platform.