how to buy elrond

Elrond is a high-throughput modern blockchain focused on efficiency, scalability, and accuracy. Many business owners have trusted Elrond because of its key features. On social media, crypto beginners have also started asking questions like “how to buy Elrond (EGLD)” and “where to buy Elrond.”

If you want to buy EGLD but don’t know where to start, you will learn a lot from this article. We’ll cover the fundamental steps of buying EGLD, as well as some essential topics about the token.

Elrond (EGLD) Buying Guide

Step 1: Find An Exchange That Supports EGLD

To start buying EGLD, you must create an account in a compatible crypto exchange. Finding this exchange is easy because there are numerous active marketplaces that support EGLD.

Cryptocurrency platforms may be similar in purposes but different in operation. Some crypto exchanges have seamless functionality while others have premium security with reasonable transaction fees.

  • 500+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.075%*-0.1%*
  • Sign-up bonus: 10% reduced trading fees*
  • Available in Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • Sign-up bonus : Up to $500 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa
  • 1000+ Cryptocurrencies Available for Trade
  • Fees (Maker/Taker) : 0.2%*-0.2%*
  • 10% reduced trading fees & up to $170 in USDT vouchers*
  • Available in North America, South America, Europe, Asia, Oceania, Africa

Registering to a crypto exchange will take only a few minutes. To start, you must enter your basic personal details like full name, email address, and password. The crypto exchange may also require you to add a home address and a phone number for verification. 

You probably need to fill up a KYC (Know Your Customer) form before proceeding with any transaction. The KYC process is a security option implemented by heavily regulated exchanges and financial websites.

Step 2: Deposit Funds to Your Exchange Account

Before buying EGLD, you must add funds to your new crypto account. Depositing funds is easy because most exchanges allow crypto-to-fiat transactions. Some of the popular examples of fiat currency are USD, CAD, AUD, and EUR. You can fund your account through debit cards, credit cards, bank transfers, and e-wallet transfers.

Crypto exchanges have different payment methods for transactions. These methods probably have higher fees than the ones you’re commonly using. So, before depositing funds to your crypto account, you should do your own research.

Step 3: How to Buy EGLD Officially?

Learning how to buy EGLD is not difficult. First, you must go to a crypto exchange’s search bar. Oftentimes, the search bar is located on top of the website page. Once you’ve located the search bar, start looking for the EGLD ticker. You can also look directly for EGLD trading pairs to save time. Afterwards, just enter the amount of the EGLD tokens that you want to buy.

You must always double-check the transaction details to avoid errors or inconsistencies. Additionally, before the transaction, crypto exchanges might refer you to their exclusive wallet software. This wallet is essential for storing your cryptocurrencies, but it is optional since you can always create an individual software wallet. If you have money to spare, you can even purchase a hardware wallet with competitive security encryption.

Everything You Have to Know About Elrond (EGLD)

Elrond (EGLD) is a powerful, high-throughput blockchain that offers tons of efficient features for developers, DApp (decentralized app) creators, and investors. The primary goal of Elrond is to create a persistent new Internet economy with borderless capabilities.

Take a look at the top features of Elrond:

  • High-throughput, scalable blockchain
  • Secured Proof-of-Stake (SPOS) for greater network security
  • Support for multiple VMs (virtual machines)
  • Adaptive State Sharding for greater efficiency
  • Versatile programming language support
  • Maiar Web Wallet
  • Complete tools for developers
  • Elrond tokenization tools

Elrond has the potential to reach 10,000+ transactions per day. The blockchain guarantees that all transactions are fast and secured.

How Does EGLD Work?

EGLD, the native token of Elrond, is primarily used for transaction fees and payment for deploying apps within the network. Users can also stake their EGLD tokens to secure the network and earn more rewards. The Maiar app is needed for EGLD staking.

What Makes Elrond (EGLD) Unique?

Elrond is one of the most useful blockchains that you’d see today. The functions of Elrond fully support the blockchain’s structural framework, creating numerous opportunities for developers and investors alike.

Adaptive State Sharding is a strong feature of the Elrond blockchain. This feature creates a layer of node prioritization, improving the network’s efficiency by a significant rate. Adaptive State Sharding is even more effective if the network is supported by highly competent validators.

Another reliable feature of Elrond is the Secured Proof-of-Stake (SPOS) consensus protocol. The protocol maintains the best things about POS but it also has additional security and prioritization functions. With the help of SPOS, transactions are faster and more dependable.

Who Are the Founders of Elrond (EGLD)?

The founders of Elrond are Benjamin Mincu, Lucian Todea, and Lucian Mincu. These individuals have experience on different fields like blockchain development, product research, angel investing, and tech engineering. The founders are also supported by a big team of talented professionals and results-driven advisors.

What Are the Use Cases of Elrond (EGLD)?

Elrond (EGLD) has multiple use cases for investors and project builders. Understanding these use cases will help you determine the long-term value of Elrond (EGLD).

Here are the common use cases of EGLD:

  • Speculative trading
  • Payments for transactions and services
  • Blockchain scaling
  • Staking for rewards and incentives
  • EGLD governance
  • Tokenization
  • Reward systems
  • Smart contract implementation

Who Builds on Elrond (EGLD)?

The Elrond blockchain is designed for investors, project developers, and DApp creators who are looking for reliable scalability and security options. Regular users, on the other hand, can always rely on Elrond’s speed, efficiency, and low-cost transactions. The Maiar Web Wallet is also a convenient app that can be used by any Elrond user.

Official website:

Essential Points of the Elrond (EGLD) Whitepaper

The Hedera Whitepaper discussed the principles and mechanisms of the Hedera platform. Additionally, the paper outlined the HBAR tokenomics and advantages. 

These are the strong points of the Elrond (EGLD) Whitepaper:

  • Adaptive State Sharding
  • Secured POS protocol
  • Tokenization systems
  • Cryptographic signature analysis
  • Elrond smart contracts
  • Security evaluation protocols

The Best Cryptocurrency Wallet for EGLD

After knowing how to buy EGLD, you should think about the security of your cryptos next. Fortunately, you can always choose from dozens of available crypto wallets. You should pick a crypto wallet based on your trading habits and security preferences.

You will likely begin your crypto journey with hot storage wallets. These digital wallets are connected online, allowing easy access whenever you want. Hot storage wallets are also cheaper than cold storage wallets. However, one downside of a hot wallet is its vulnerability to online theft. You may need to use additional security measures to keep your hot storage wallet safe.

On the other hand, cold storage wallets are physical hardware wallets. Since cold wallets are tangible, their security level is better than digital wallets. You can put a physical storage wallet in a separate deposit box for premium protection.

What Factors Affect My Choice of Crypto Wallet for EGLD?

At first, you might get confused with the diverse choices of crypto wallets in the market today. Knowing the common buying factors for crypto wallets will help you make the right decision.

Check out the important factors affecting your choice of EGLD wallet:

  • Are you a regular trader? If so, then a hot storage wallet is the best choice for you. A hot wallet allows a quick and easy log-in method to your chosen platform. In less than a minute, the integrated hot wallet will let you trade EGLD right away.
  • Not all wallets support a wide range of cryptocurrencies. The best crypto wallets are those that will let you trade hundreds of cryptocurrencies without limitations.
  • When it comes to security, a physical cold storage wallet is better than a hot wallet. You can simply store your cold wallet in a private safe deposit at home or the bank. Just make sure that your private seed phrase is safe and secured.
  • Setting up a digital wallet is free. On the other hand, getting a cold storage wallet requires money because you need to buy the physical hardware.
  • Do you want to see detailed technical analytics? In that case, you can never go wrong with hot wallets. In most cases, hot wallets generate technical analytics and semi-accurate market insights to help you make a trading decision. Cold wallets also have analytics capabilities that you can tweak freely.

Ledger vs. Trezor – The Best Crypto Wallet for Traders and Investors

Now that you already know how to buy EGLD, you must protect your investment by choosing a cold storage wallet. As mentioned above, cold wallets offer better security levels than hot wallets.

When it comes to cold storage wallets, it’s best to start with Ledger or Trezor products.

Ledger is a popular cold wallet brand because of its reliable security features. The Ledger interface, for example, will only let you send cryptos if you’re connected to a personal computer or device.

If Ledger excels in security functions, Trezor wins in terms of intuitiveness and compatibility. Trezor’s interface is beginner-friendly, allowing fast and efficient trades once the device is ready. Trezor products are also compact and appealing to the eyes. 

General Market Overview for Elrond (EGLD)

Do you want to learn more about Elrond (EGLD) and other crypto coins? Check out our crypto blog and expand your knowledge about cryptocurrencies!

Additionally, here are some important topics in our blog:

  • Trading speculation about Elrond (EGLD)
  • The current market prices of cryptos
  • Detailed price charts with comprehensive histories
  • Whitepaper summaries of cryptos
  • Founder profiles and their related works
  • Up-to-date cryptocurrency news and developments

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