EOS (EOS) FAQ

What is EOS (EOS)?

EOS is a cryptocurrency designed to support large-scale decentralized applications. There are no fees to send or receive EOS. Instead, the protocol requires EOS to use resources like RAM, CPU, and network bandwidth. It also rewards the entities that run the network periodically with new EOS, effectively substituting inflation for transaction fees.

How do I buy EOS on Coinbase?

Coinbase customers from eligible regions can buy EOS  on Coinbase.com and Coinbase Pro. To see which regions support trading EOS, please see our Supported cryptocurrencies page.

Purchased EOS will be displayed as an asset within your Coinbase wallet in your Portfolio page on Coinbase.com or in the Coinbase mobile app.

There is no minimum purchase amount of EOS on Coinbase. 

Can I send EOS to Coinbase? 

Yes, however, EOS utilizes Destination Tag technology and a Memo is required to send EOS  to Coinbase. Omitting or using an incorrect Destination Tag/Memo will cause a delay in crediting the transaction to your Coinbase account. Under certain circumstances, these funds may not be creditable. For more information on Memos, visit our help page.

If you attempt to send EOS to Coinbase without a Memo your funds will not be received. Please contact the exchange that you sent the funds from for help. 

Is there a minimum amount to send?

There is no minimum amount required to send funds to Coinbase. However, most exchanges charge a minimum of 1 EOS to send EOS . Sending EOS  from Coinbase requires a minimum send of 1 EOS. 

What is a Memo?

A memo is type of Destination Tag that is used with EOS transactions. To send EOS to Coinbase, customers must use the EOS memo associated with their EOS  Coinbase wallet. Customers can send EOS from Coinbase using a memo.

For more information on how Memos work, please visit our help page.