Is There a Difference Between Buying and Trading of EOS?
Yes, there is a considerable difference between the buying and trading of EOS.
When you buy EOS, you are buying the crypto token and further holding it in your wallet.
Additionally, with buying EOS you only receive the amount that you paid with your fiat currency. If
the price of the token increases, you can sell it and you profit on the price difference. However, if
the price decreases, the difference will be your loss. The mechanism is similar to that of buying and
selling of stock market shares.
On the other hand, trading offers a dynamic mechanism as compared to buying. While trading EOS, you
are not buying the actual cryptocurrency. With a CFD broker, you are speculating whether the price of
the EOS token will go up or down. Based on the speculation you will make a profit, even when the price
of the token goes down (conditional upon the fact that you have speculated that the price of EOS will
Furthermore, CFD brokers allow you to trade EOS with leverage. So even if you have invested X amount
of money, you can speculate till 30X or 40X of that amount, depending upon the leverage that your CFD
broker offers. This further enables you to trade with a much higher amount than you have originally
invested. However, trading also comes with its own set of risks. In the case that your speculation
goes wrong, you also stand to lose money.
How Do I Buy EOS Anonymously?
It is a popular belief that cryptocurrencies can be bought anonymously without sharing your KYC (know
your customer) details. However, this perception is not entirely true.
Even when you buy EOS from a popular crypto exchange, you will still need to provide your KYC details
and comply with Anti Money Laundering (AML) laws. There are a couple of exchanges that require minimal
verification in order to open an account on their platform. However, the move is a bit risky and may
Over the past few years, due to strict regulations, OTC trading has become popular. Over the Counter
(OTC) trading allows a buyer and seller to trade EOS with an OTC dealer in between. The dealer is
basically a broker or middle-men ensuring things run smoothly and anonymously. However, this kind of
dealing is limited to geographical locations. Also, it is a riskier move as parties are anonymous and
do not know each other.
Even if you want to trade your EOS coins, you will still be required to provide valid documents. Most
of the popular CFD broker firms validate your account once all the required information is collected.
Additionally, by providing identification proofs, you are relatively safer in case if things go
How to Buy EOS Anonymously Online?
As such, there are no popular way of buying EOS online. Even if there are a couple of hidden options
available, they hold considerable risk.
There are options for buying Bitcoin anonymously through Bitcoin ATMs, which are currently set up in
few locations around the globe. After this, you can find an exchange that lets you anonymously convert
your Bitcoins to EOS.
As an investor, you need to consider if you are willing to pay the price for staying anonymous.
How to Buy EOS Without ID?
There are a couple of offline options available in case of buying EOS anonymously. As stated before,
you can use an OTC dealer wherein you can buy or sell your EOS coins with cash. There is no need to
provide any official ID verification.
A couple of wallets are also available on the market that allow you to buy and store your
cryptocurrencies anonymously. No personal information is stored on their platform.