Cryptocurrencies have gained a reputation as a highly volatile asset. You can either become a zillionaire or lose all your investments literally in a single day. If you are not into risky ventures, yet feel an interest in crypto trading, here is one remarkable stablecoin that is not subject to sharp price swings due to its peg to EUR. It is Stasis Euro, or EURS. There are two main ways how you can buy EURS: fast and easy, or long and complicated. Let’s discuss both.
What is Stasis Euro (EURS)?
Stasis Euro (EURS) is a collateral-backed stablecoin designed to become the backbone of the cryptocurrency economy. EURS is a proprietary token of the Stasis project that is also pegged to the value of the EURO as a traditional currency. This means that EURS has low volatility and high liquidity while also offering the benefits of a blockchain, including instant transfers, the absence of middlemen, and low fees.
EURS is the world’s leading stablecoin. It mirrors the value of the Euro and combines the advantages of the world’s second most traded fiat currency with the transparency, immutability, security, and efficiency of the blockchain. EURS is an ERC20 token that relies on Ethereum-based smart contracts to manage its tie to Euro. EURS assets are fully secured with real sums in Euros placed in the bank accounts of STASIS.
To guarantee accountability, STASIS uses three streams of verification to ensure that balances are adequate and transparent in all accounts through which collateral is held. STASIS Company provides financial reports based on daily information supplied by its counterparties and it is also weekly audited by a licensed third party and quarterly audited by the financial firm BDO Malta.
Where Can You Buy Stasis?
Though Stasis Euro is one of the biggest stablecoins in the world, buying it for USD or another fiat may turn into a real nightmare. Stasis Euro (EURS) is traded on numerous reputable cryptocurrency exchanges and marketplaces. Yet practically none of them offers the opportunity to buy EURS through a bank card or wire transfer, only for BTC, ETH, or other expensive coins.
Most people get EURS through the company’s network of partners or on appropriate cryptocurrency exchanges. The company can also arrange a direct emission of tokens for investors and institutions willing to obtain a substantial amount of EURS.
Some of the exchanges, supporting EURS, are token-only, meaning the KYC procedures are quite easy to pass. Others are licensed and set strict KYC requirements, providing a more secure service for corporate and institutional traders.
The portals where you can buy or trade Stasis Euro (EURS) include:
- HitBTC. It is among the world’s top-10 cryptocurrency exchanges offering over 300 trading assets. EURS can be traded against XRP.
- Changelly. It allows you to exchange EURS for over 100 virtual assets.
- Switch. This is a token exchange allowing you to buy gift cards from companies like Amazon and Starbucks using EURS.
- IDCM is a huge crypto exchange, offering trading pairs for EURS against BTC and ETH.
- Bitfinex is one of the most advanced cryptocurrencies exchange of today where EURS can be traded against EUR.
How to Buy Stasis Euro (EURS) For Fiat?
The largest and most popular exchanges like Binance and Coinbase do not list stablecoins that are not dependent on USD reserves. It means these platforms do not support operations with EURS even though Binance and Coinbase are one of the few cryptocurrency exchanges out there that accept payments with credit cards and bank wires.
What can you do?
Well, you can try this trick: register on Binance or Coinbase (or any other trustworthy broker that supports fiat-to-crypto purchases), purchase Bitcoin (BTC) or Ethereum (ETH) with them, and then transfer your BTC or ETH tokens to an exchange that provides for trading EURS. And only after that, you can trade your BTC or ETH for EURS on that given platform.
Note: both Binance and Coinbase will require you to undergo a compliance procedure and upload some papers (including a government-issued ID document and a current selfie) before allowing you to fund your account through your credit card or bank account.
If you decide to purchase Stasis EURS for USD or another fiat on a cryptocurrency exchange, get ready to go through registration and verification formalities both on the platform that supports buying BTC or ETH for fiat, and the platform that allows for trading EURS.
You will also have to bother with setting up wallets on both platforms and then learn how to transfer digital funds from point A to point B. Also, pay attention that each service will charge its own commission for each transaction, dramatically belittling the worthiness of buying EURS for national money.
Crypterium saves you from the stress of juggling between different platforms. The wallet allows you to buy major coins like BTC and ETH for the fiat of your VISA or MasterCard and then effortlessly swap the virtual assets for Stasis EURS. All within a single interface. Thanks to the in-built bid-offer matching engine that integrates with the world’s 10 largest crypto exchanges, you will get the most optimal deal for your transaction, while Stasis EURS will instantly show up in your wallet.
A truly feature-rich crypto solution, Crypterium offers you all the tools you need to effectively trade and manage your virtual holdings, including the ability to buy the most popular tokens with your debit card. Once you become an official crypto owner, you can trade, spend, transfer, open a savings account, withdraw, and even get crypto loans – never leaving the app.