How to buy EGLD (MultiversX)?

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What is the EGLD token and what is it used for?

EGLD is the native currency of MultiversX, which has multiple uses on the blockchain network. The supply of EGLD is limited like many crypto-currencies, and there will only ever be The maximum supply can never exceed 31,415,926 million EGLDs available.

EGLD can be used:

  • To be stacked on the application
  • As part of the platform’s governance mechanism, giving token holders voting rights and letting them vote on network improvements. (DAO)
  • For staking, validation, metastaking and launchpad participation rewards.
  • As payment for transactions and smart contracts.

Platform users and developers pay to use the MultiversX network with the EGLD token. The EGLD coin is designed to be used with the MultiversX proprietary wallet that allows users to send transactions over the MultiversX network.

How do I buy MultiversX ($EGLD) on the MultiversX website or app?

You can purchase eGold (EGLD) directly from Xportal using credit/debit cards and bank transfers.

In Xportal, you can purchase eGold (EGLD) via bank transfers, Apple Pay, Samsung Pay, Visa, Mastercard and Revolut.

How to buy:

Click the ➕Buy button on the app’s homepage.

Or Click on the large blue X logo in the middle and click ➕Buy.

Select one of our payment processors. You can find more information about them below:

Transak

Transak is an efficient payment processor that offers some of the most competitive fees on the market, especially when it comes to bank transfers. This transfer method normally takes between 1 and 2 business days.

MoonPay

MoonPay is a fintech startup that zaps newcomers straight into crypto, with only a few intuitive steps and procedures familiar to any e-commerce user. It is available in 162 countries and offers one of the best commissions on the market for credit card payments.

Ramp Network

You can buy crypto via Ramp from all over the world as it is supported in over 170+ countries – if you pay with a debit/credit card. You can also pay by bank transfer in 30+ countries.

How to buy MultiversX ($EGLD) on a crypto-currency exchange?

If you want to invest in a new internet economy powered by sharding, you may be wondering where to buy MultiversX. Well, you’ve come to the right place! MultiversX’s mission is to provide the tools and accessibility for everyone to enjoy the benefits of the new digital economy. It only takes a few minutes to sign up for a secure exchange platform, after which you can own EGLDs in seconds!

You can buy MultiversX (ex-Elrond) (EGLD) on a crypto-currency exchange platform like Binance. These specialized marketplaces allow you to buy and sell crypto-currencies, and work similarly to stock trading platforms. MultiversX (EGLD) is a unique blockchain protocol that has one main goal in mind: speed, low transaction cost.

How to buy easily in 4 steps of EGLD

The whole process can take as little as 15 minutes and all you’ll need is a smartphone or computer, an internet connection, a photo ID and a means of payment.

Compare crypto-currency exchanges

The easiest way to buy MultiversX (Elrond) is through a crypto-currency exchange. We recommend the exchanges Binance, Kraken or Crypto.com but there are many others like Huobi, Paybis, Revolut or Kucoin

Create an account

To create an account on an exchange, you will need to verify your email address and identity. Have a photo ID and your phone ready.

Make a deposit

Once verified, you can make a deposit using the payment method that suits you best – bank transfers, apple pay, google pay and swift payments are widely accepted.

Buy MultiversX (Elrond)

You can now exchange your funds for MultiversX (Elrond). On the easiest crypto-currency exchange for you to use, just enter the amount you want to buy and click buy. If you wish, you can now withdraw your MultiversX (Elrond) into your personal wallet.

What will I need to buy MultiversX (Elrond)?

To create an account on a crypto-currency exchange, you will need an email address. Some exchanges may also require a phone number and photo ID, so it’s a good idea to have these on hand.

An increasing number of crypto-currency exchanges will ask to verify your identity before you can deposit funds and begin trading MultiversX (Elrond).

This process is known as Know Your Customer (KYC) and usually requires a photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade crypto-currencies without going through KYC, but they won’t allow you to transfer local currency from your bank account. Therefore, if you plan to buy EGLDs with your local currency, you will need to pass KYC.
Once you have verified your identity, it is advisable to enable 2-factor authentication (2FA) before depositing funds. This will increase the security of your account and help keep your funds safe.

What is the easiest way to buy MultiversX (Elrond)?

The easiest way to buy EGLDs is to place an “instant buy” order to acquire them at a fixed price, but not all crypto-currency exchanges offer this feature.

You can also open a trade on the spot market, which allows you to set your own price – this is the most common way to buy crypto-currencies. Using the instant buy feature is simple but usually more expensive than using the spot market.

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How do I trade, convert or sell MultiversX (Elrond)?

You can convert or sell your EGLD with the same exchange through which you purchased it:
Login to the exchange you have the EGLD on.
If you store your MultiversX (Elrond) in a digital wallet, compare crypto-currency exchanges to convert or sell it.
Choose Sell or Convert and place a sell order.
Choose the amount of EGLD you want to convert or sell.
Confirm the sale price and fees and complete your MultiversX (Elrond) sale.
Complete your transaction and transfer your EGLDs to a portfolio for storage.

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What are the best ways to buy MultiversX (Elrond)?

Once you have created an account on the app or a cryptocurrency exchange, you will need to deposit funds to buy EGLD. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrencies from another exchange or wallet. Here are some popular ways to buy EGLD:

Bank transfer: Transfers from local bank accounts are usually free, but you will need to check with the exchange you choose – this information can be found in our table by clicking on “see details”.

Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that this usually incurs additional fees. One advantage, however, is that you can use a card for instant purchases or set up a recurring purchase.

Cryptocurrency: You can usually buy EGLD by exchanging it for another cryptocurrency like Bitcoin or a stablecoin. However, this varies from exchange to exchange, so you will need to search for EGLD on the spot market to see which cryptocurrencies it can be traded against.

How to store your EGLD?

Once you have made your Elrond purchase, the next step is to choose a cryptographic wallet to securely store your coins. Your coins can be stored in your cryptocurrency exchange wallet, but we strongly recommend creating a private wallet (Maiar App) with your own set of keys. Depending on your investment preferences, you can choose between a software wallet and a hardware wallet, with the latter being a safer choice. Let’s take a look at the different types of wallets below:

Elrond wallet

You can safely store your eGold tokens in xWallet, which offers reduced transaction fees and complete custody of your funds. Xportal is another official digital wallet for eGold powered by the MultiversX blockchain. You can register your phone number in the wallet app to easily access your funds and activate a wallet account. You can use a passphrase to recover access in case you lose your wallet.

Hardware wallets (Cold Wallet)

Other options for storing EGLD include hardware wallets or cold wallets like Ledger Nano S, Ledger Nano X, or Trezor. A hardware wallet is a device that stores the private keys you need to receive or send cryptocurrencies. Hardware wallets are generally considered the safest way to store your cryptocurrencies because they offer offline storage, which significantly reduces the risk of hacking. They are secured with a PIN code and erase all information after several unsuccessful attempts, which prevents any physical theft. Hardware wallets also allow you to sign and confirm transactions on the blockchain, giving you an extra layer of protection against cyberattacks. Since hardware wallets require some technical knowledge, they are best suited for experienced traders with large amounts of EGLD.

Software wallets

Software wallets are free and easy to use. They can be downloaded as applications for smartphones or desktop computers and allow you to interact fairly easily with multiple decentralized finance (DeFi) applications. Software wallets come in two types: custodial or non-custodial. In custodial wallets, the private keys are managed and backed up for you by the service provider. Non-custodial wallets use secure elements on the merchant’s device to store private keys.

However, software wallets are vulnerable to security breaches because they are hosted online, so if you want to keep your private keys in software wallets, exercise due diligence before choosing a wallet to avoid security issues. We recommend a platform that offers two-factor authentication for added security.

Is MultiversX (Elrond) a good investment?

All cryptocurrency purchases should be fully evaluated for both risk and potential upside. Regarding MultiversX (EGLD), here are a few factors to consider:

Token supply: The maximum supply is capped at 31,415,926 coins. Circulating tokens have been widely distributed, with 19% sold through private sales, 7% reserved for staking rewards, and 19% rewarded to Elrond founders. Other distributions have also been made.

Governance: Elrond’s roadmap outlines a planned update to governance and decentralization for the fourth quarter of 2020; however, there has been no update for the token voting system.

Competition: Blockchains face 3 main problems: security, decentralization, and scalability/speed. They are often referred to as the blockchain trilemma. Elrond has determined that scalability is the most important and urgent problem to solve. It is always advantageous to look for new protocols that match or even usurp Elrond’s transaction rate of 15,000 per second.”

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What is MultiversX? •MultiversX is a distributed blockchain network for next-gen applications. Decentralized via 3,000+ nodes, scalable through sharding, fast, secure & green. •$EGLD is