How to Buy Ellipsis (EPS)
Ellipsis is one of the newer tokens on the market, so investing in it is a little confusing. Overall, it’s unlike traditional currencies and even older cryptos like Bitcoin. Therefore, it has different rules for purchasing, and this guide can explain that all to you.
What Is Ellipsis (EPS)?
Ellipsis (EPS) is yet another cryptocurrency on the market and operates on the BEP20 (BNB Smart Chain) platform. It’s got a supply of over 648 million coins, and over 635 million of them are in circulation. Right now, it’s trading on 38 markets, though it’s hard to say how many have been traded so far.
EPS became tradable in March 2021 and has a supply of about 295,403,424 coins. The market capitalization in USD is unknown at this time, and the coin is ranked at 296 on CoinMarketCap. Recently, it’s been surging, but things can easily change.
In a sense, EPS is listed on various crypto exchanges, and you can’t directly buy it with fiat currency. Don’t worry about all that right now. This guide helps you understand how to purchase EPS!
How Much Is Ellipsis?
Cryptocurrencies never have a fixed price, so what you pay might be different from someone else. Overall, it depends on what the crypto does at the time of purchase. This can be affected by many factors, such as availability, demand, competing cryptos, and supply.
At the time of this writing, EPS is currently sitting at $0.139508, which is 99.34 percent below its all-time high of $21.29.
Market analysis experts have seen a downward price movement in the last three months for EPS, causing it to drop to 76.04 percent. While it has a large market capitalization, it could be in the middle of a long consolidation phase in regards to pricing.
If there’s a strong push, EPS could likely bounce back quickly and heavily, continuing a phase of upward movement once more. Therefore, traders should research the fundamentals of Elipsis and be cautious when trading this coin.
This analysis information is based solely on the historic price actions of EPS and isn’t considered financial advice. Please perform your own research and be careful!
What You Need to Buy Ellipsis
It’s best to gather the information you need before buying Ellipsis. Each platform is likely to have its own requirements for purchasing, but the general things include:
- Driver’s license
- National ID card (such as
- Social Security Number)
- Utility bill
- Personal photographs
- Bank statement
- Digital wallet code (optional)
Quick Guide to Buying Ellipsis (EPS)
Decide Where to Buy
Generally, cryptocurrency exchanges are highly popular for many reasons. You can use eToro or Gemini to buy Ellipsis without having to exchange fiat currency for other crypto and then using the cryptocurrency to purchase EPS. However, you’ve got to think about your country or state because some platforms don’t work in certain areas.
Always remember to read the policies and terms of each platform before you sign up. It’s important to know how it uses your information and stores it.
Verify Your Account
Almost every exchange platform asks you to verify whatever information you give, such as your address, identity, and payment method. That often requires you to provide copies of your driver’s license or national ID card and a Social Security Number. Your banking institution (or card) might also have verification needs in place, so you should follow those directions.
Make Your Purchase
You can only buy Ellipsis from the exchange you choose once you’re verified completely. Then, you may select your preferred payment method and carry on with the transaction.
Think about Storage
Each crypto exchange platform is different, so the one you select might not have a built-in digital wallet to store your Ellipsis (and other cryptocurrencies). If that’s the case, you should sign up for a crypto wallet so that you may transfer the assets to a safe place after buying them.
Best Places to Buy Ellipsis in 2022
eToro is an excellent online brokerage that currently offers crypto trading and stock trading. In fact, it was one of the first brands to support digital trades because it added Bitcoin support back in 2014. From there, Ethereum and Ripple were included. Now, it offers more than 40 cryptos, an enterprise-grade exchange for trading, and a multi-currency digital wallet.
David Ring, Ronen Assia, and Yoni Assia launched eToro in 2007, and it’s located in Tel Aviv. Originally, they called it RetailFX because it was a forex broker. However, the company founders then changed the name to eToro so that it could offer commodities, stocks, and different indices.
From there, it launched an innovative and exciting social trading option in 2010, so it became the top social trading network in the world. Still, it was another four years before it added support for crypto. Plus, it offers its own cryptocurrency wallet, which was created in 2018.
- Regulated in many jurisdictions
- Offers a well-established platform
- Includes unique social trading capabilities so that users may match the moves of the most popular traders
- Margin trading unavailable in the United States
- Only offers ETF, stock, and cryptocurrency trading in 44 states in the US
Plus500 allows people to trade contracts for difference (CFD) on its online exchange. These get delivered through a proprietary platform. It’s headquartered in Israel and has many subsidiaries throughout Europe and Asia after being founded in 2008. Currently, it’s not accepting traders from the United States, though they can purchase cryptocurrency and move it to another wallet.
This brokerage gives you access to various CFDs on many instruments, such as options, cryptos, ETFs, forex, individual shares, stock indices, and commodities. Plus, it’s available in 50 countries and was the first broker to officially introduce Bitcoin to the exchange in 2013. Now, you can even get EPS with it!
- Guaranteed stop-loss orders
- Access to over 2,000 CFDs
- Functional and easy to use
- Regulated by the UK FCA
- Protects account holders from a negative balance
- Can’t pair the trading platform with third-party tools
- Lacks appropriate and quick customer support
- Doesn’t accept US clients
Coinbase is a great choice for a crypto trading platform, and it offers 100 tradable cryptocurrencies to buy, sell, and exchange. Overall, it’s a large company with $278 billion in assets and 89 million users!
This company was created solely to send and receive Bitcoin and was founded in 2012. However, it’s grown significantly and now supports various unique tokens and cryptocurrencies. There are no main headquarters because it’s decentralized. Plus, it includes two different trading platforms and features a standalone digital wallet service for everyone.
- Supports many cryptocurrencies
- Easy to use
- Can earn cryptocurrency with the exchange
- Strong security focus
- Coinbase Pro available
- Could have higher transaction fees
- No access for trading some altcoins
- Customer service problems possible
Crypto.com supports various blockchain products and cryptocurrency assets, so it’s a great exchange to consider. Users can easily trade, sell, and buy from a long list of currencies and enjoy lower trading fees than other platforms. Plus, this company includes an NFT marketplace, decentralized exchange, standalone digital wallet, and crypto credit cards!
It was founded in 2016 by Hong Kong residents and serves 90 countries now. Overall, Crypto.com could be the best choice if you plan to buy and hold tokens or cryptocurrency like Ellipsis. There are 250 cryptos available and many trading options (not available for the United States) and order types included.
- Supports many crypto products
- Long list of cryptocurrencies
- Low fees for cash transfers
- Transparent and competitive fees (discounts sometimes available)
- High fees for debit/credit purchases
- Poor customer support
- Hard to navigate the fees and discounts
- Some services not available in the United States
Gemini Trust Company (Gemini) is an excellent crypto exchange with 100 cryptocurrencies to buy, trade, or sell. It provides strong security and compliance measures, and you have many services and products available. These include a built-in hot wallet, cryptocurrency rewards card, and the potential to earn interest on your cryptocurrency.
Cameron and Tyler Winklevoss chose to found Gemini in 2014 because they needed a safe and compliant way to store their crypto. Therefore, Gemini focuses on security, licensure, and compliance to maintain the user’s trust.
- Strong security
- Available in the US
- Hot wallet insurance
- Potential for higher trading fees
- Only offers 100 cryptocurrencies
Ellipsis (EPS) Buying Methods:
Buy Ellipsis (EPS) with PayPal from Plus500
If you enjoy paying for things with PayPal, get ready to purchase Ellipsis with these steps:
Step 1: Create an Account
Fill out the form on the Plus500 website to create your account. You must do address/identity verification, so make sure that information is ready to go.
Step 2: Deposit Funds
It’s important to deposit funds into your Plus500 account from PayPal. To do that, you should:
- Click on “funds” and then “deposit.”
- Select PayPal as your preferred payment method.
- Choose how much to add (there are minimum deposit levels).
Step 3: Trade or Move Ellipsis to a Digital Wallet
You may now start trading with Ellipsis on Plus500, but some people prefer to move EPS to their digital wallet. Here are the steps to take:
- Click on “funds” and then “withdrawal.”
- Select your preferred withdrawal method.
- Fill in the appropriate fields and click on “open withdrawal.”
Buy Ellipsis (EPS) with Credit Card from Crypto.com
Here’s what to do if you want to buy EPS on Crypto.com on your credit card:
Step 1: Connect the DeFi Wallet to the Account
- Select a wallet for Ellipsis.
- Connect that wallet to your Crypto.com account (there can only be one).
- Link a credit card to the Crypto.com account.
Step 2: Choose Your Coin
- Click on the “buy” tab to explore coins. It’s located at the bottom of your page.
- Choose Ellipsis and tap the “buy now” button.
- Select the best network if there is more than one.
Step 3: Buy Ellipsis
- Enter the right purchase amount and choose your credit card information from the list.
- Review the details and confirm within 15 seconds.
- Enter your Crypto.com password.
- Complete the 3DS verification steps if needed.
- Wait for the coins!
Buy Ellipsis (EPS) with Debit Card from eToro
Here are the steps you should take to buy EPS with a debit card on eToro:
Step 1: Create an Account
Go to the eToro website and sign up for an account. It only takes a few moments, but you must follow all the steps to verify your identity before you complete the step.
Step 2: Link Your Credit Card
Link a credit card to your eToro account:
- Visit the “buy” area.
- Enter the amount (in your currency).
- See how much Ellipsis you get.
- Complete the verification process with the on-screen instructions.
Step 3: Buy Ellipsis
Click the link provided to buy Ellipsis!
Buy Ellipsis (EPS) with Bank Transfer from Gemini
Gemini is a great place to buy Ellipsis with a bank transfer, and you should:
Step 1: Link a Bank Account
- Navigate to the “settings” area from the drop-down list.
- Click on “payment methods” to the left.
- Manually link your account with the bank routing/account numbers OR
- Automatically link your bank account with Plaid using your sign-in credentials.
Step 2: Prepare the Transfer
Go to your Gemini account and tap the “transfer” button in the right corner. Then, click “deposit” and choose “wire or bank transfer” from the available payment options.
Step 3: Collect Your Instructions
Gemini sends an email with instructions on completing the bank transfer and provides a reference code you must enter.
Step 4: Contact the Bank
Make sure that all the information is correct before sending the bank transfer. Sign in to the bank account or call your institution to ensure that things were successful.
Are you still a little confused about buying Ellipsis (EPS)? These frequently asked questions can help you get the answers you seek. Continue reading below!
Can You Purchase Ellipsis with Fiat Currency?
No, you can’t directly buy EPS with cash or other currencies. The exception is to use a bank transfer, debit/credit card, or PayPal. You may also use marketplaces to buy Bitcoin first and trade it for EPS.
These are often peer-to-peer exchanges, and they allow you to buy or sell Bitcoins, move them to a crypto exchange like the ones listed above, and use that to purchase Ellipsis. However, they often have higher prices and scammers, so it’s better to choose an online broker like eToro or Plus500 and avoid the middleman.
Are There Fast Ways to Purchase EPS in Europe?
Yes. Europe is actually the easiest place to purchase cryptocurrencies in general. Some online banks even let you open an account, transfer the money to an exchange, and buy EPS whenever you wish!
Is There an Alternative Platform to Buy EPS with a Credit Card?
No, you must use an exchange platform or online broker to buy Ellipsis with your credit card. However, the process is easy, and this guide offered detailed instructions for that above. Don’t get discouraged if it seems confusing. Take your time and become a pro at buying EPS soon!
With so many cryptocurrencies available now, it’s hard to keep track. Ellipsis is a newer option, and you’ve just learned a little more about it. You also found out how to buy it on various exchanges and the generalized steps needed to use PayPal, credit/debit, and wire transfers.