Where to buy Elrond
You can get Elrond and other cryptocurrencies from cryptocurrency exchanges, some brokerages and decentralised exchanges (DEXs). Below is a list of our recommended crypto exchanges and brokerages for purchasing crypto safely and securely.
Why buy Elrond?
Elrond’s proof of stake consensus and sharding capabilities make it a sustainable and affordable blockchain when it comes to making transactions on the network. Along with rewarding stakers for delegating EGLD, a percentage of transaction fees on Elrond are given back to creators of decentralised applications (dApps) on Elrond. The network also gives rewards to those who participate in events held on the network and for hackers who find bugs in the system.
Elrond has been listed on many crypto exchanges in many different territories, and its reach to potential investors and app creators is large. As Elrond matures in the crypto space, app developers should eventually come to EGLD to port existing Ethereum applications and create new EGLD specific applications for the network. Elrond’s reward system is beneficial for those who want to grow the network and bring in value. Hopefully, EGLD will start to get noticed by the broader market in due course.
Where to store your Elrond
You can keep your Elrond (EGLD) on your crypto exchange or brokerage account. Still, if you’d like more control over your funds and have the ability to use your crypto assets on decentralised applications, then you’ll need to get yourself a crypto wallet.
Some of the most popular crypto wallets are Metamask and Trustwallet, which can be downloaded easily onto your phone. For greater security, it's best to purchase a physical hardware wallet. Hardware wallets such as Ledger Nano S provide the greatest security options when it comes to securing your crypto assets. You can learn more about hardware wallets and purchase one for yourself by visiting one of the links below.
