HomeElrondHow and where to buy Elrond (EGLD)
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How and where to buy Elrond (EGLD) in 3 steps

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Elrond (EGLD)
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Author: Alexander Buckley Updated: March 21, 2022

Elrond is a blockchain network that utilises sharding and proof of stake (PoS) consensus to achieve high throughput and low transaction fees across the network, no matter how busy it is. To achieve this, Elrond uses sharding techniques and a secure PoS consensus. A sharded network is split into separate pieces to allow data to pass through non-linearly and more freely, improving speed and scalability. A secure PoS allows the sparse Elrond network to stay in sync at all times. 

Elrond is home to a range of decentralised applications (dApps) and staking opportunities with its native token, EGLD. The token can also be used to pay for transaction fees on the network. This page will take you through the process of purchasing Elrond’s EGLD token from exchanges and how you can store EGLD safely and securely. We’ll also go through what makes Elrond (EGLD) unique and go through some common questions. 

If you’d like to buy Elrond (EGLD) right away, then use our list of recommended cryptocurrency exchanges and brokerages below to get started. 

1
Min Deposit
$1
Promotion
User Score
10
Offers trading for over 180 cryptocurrencies, making it one of the exchanges with the broadest selection of tradable assets
Binance provides a cost-efficient trading experience, with a maximum fee of 0.1% for makers and takers
Supports advanced trading features, including futures trading with up to 125x leverage and margin trading with up to 3x leverage
Start Trading
Description:
Binance is a prominent global cryptocurrency exchange platform that provides a venue for buying, selling, and trading a vast array of digital currencies. Founded in 2017, it has quickly risen to become one of the largest platforms in terms of trading volume. Binance offers a variety of services including a crypto wallet, margin trading, and futures trading, catering to a diverse user base from casual traders to institutional investors.
Payment Methods
Banxa, Credit Card, Cryptocurrencies, Debit Card, Mastercard, Simplex, Visa
Full regulations list:

3 steps to buy Elrond (EGLD)

Step 1: Sign up to a broker or exchange

To buy Elrond (EGLD), you can sign up to a crypto exchange or brokerage. Signing up takes a few minutes. To register, you’ll need to provide some contact information and have your I.D. at hand.

Step 2: Deposit funds

After creating an account, you’ll need to make a monetary deposit so you can swap your fiat for crypto. Deposits can be made using a debit/credit card or bank transfer. 

Step 3: Buy EGLD

Once you have some funds in your account, swap them for a base currency such as Tether or Bitcoin. Most tokens require a base currency to purchase them. For example, to buy the BTC with the pairing USDT/BTC, you’ll need some USDT to make the trade.  Swap your fiat for a base currency then head over to your trading platform’s exchange and search for Elrond (EGLD). Choose a pairing then enter the amount of EGLD you’d like to purchase and click the buy button. Your EGLD will appear in your account within a few seconds

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. 

1
Min Deposit
$1
Promotion
User Score
10
Offers trading for over 180 cryptocurrencies, making it one of the exchanges with the broadest selection of tradable assets
Binance provides a cost-efficient trading experience, with a maximum fee of 0.1% for makers and takers
Supports advanced trading features, including futures trading with up to 125x leverage and margin trading with up to 3x leverage
Start Trading
Description:
Binance is a prominent global cryptocurrency exchange platform that provides a venue for buying, selling, and trading a vast array of digital currencies. Founded in 2017, it has quickly risen to become one of the largest platforms in terms of trading volume. Binance offers a variety of services including a crypto wallet, margin trading, and futures trading, catering to a diverse user base from casual traders to institutional investors.
Payment Methods
Banxa, Credit Card, Cryptocurrencies, Debit Card, Mastercard, Simplex, Visa
Full regulations list:
2
Min Deposit
$50
Promotion
User Score
9.3
Log in using the app and claim the Mystery Box to receive up to $10,000 in reward
One of the top digital asset exchanges by trading volume
Serving millions of users in over 100 countries
Start Trading
Description:
OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.
Payment Methods
AdvCash, AliPay, American Express, Bank Transfer, Banxa, Credit Card, Debit Card, Discover, Mastercard
Mercada Pago, PayPal, Payoneer, PicPay, QIWI, SEPA, Simplex, Visa, WeChat, Wire Transfer, neteller, , , , , , , , , , , , , , , , , , , , , , , , , , , skrill
Full regulations list:
Trading in digital assets is considered high risk. Digital assets are NOT backed by any government or central bank. The risk of loss in trading or holding digital assets can be substantial. You should carefully consider whether interacting, holding, or trading digital assets is suitable for you in light of your financial condition.
3
Min Deposit
$5
Promotion
User Score
8.7
Combines a user-friendly platform and low fees
Largest digital asset exchange in the Netherlands
Trade over 50 digital assets and pay a maximum trading fee of 0.25%
Start Trading
Description:
The Bitvavo platform was launched in 2018, with the goal to bridge the gap between traditional currencies and digital assets. Bitvavo is making digital assets accessible to everyone, by offering transparent fees, a wide range of assets and an easy to use platform.
Payment Methods
Credit Card, Debit Card
Full regulations list:

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. 

1
Min Deposit
-
Promotion
User Score
10
Go offline and hold your coins
1000+ coins supported
Transparent security
Start Trading
Payment Methods:
Bitcoin, Credit Card
Full Regulations:
2
Min Deposit
-
Promotion
User Score
9.3
The worlds most popular hardware wallet
Buy, Manage and Secure your crypto in one place
Compatible with over 100+ cryptocurrencies
Start Trading
Payment Methods:
BitPay, Credit Card, PayPal
Full Regulations:

Frequently Asked Questions

  1. Many crypto investors would consider Elrond a long-term investment. There is a lot of room for Elrond to grow as a blockchain network. 

  2. You can follow Elrond’s Twitter account and keep an eye on Elrond’s blog page on their website for company updates and upgrades. 

  3. Nobody knows for sure, but Elrond’s max supply is capped at around 31 million. If Elrond can capture a large share of the crypto market, then a combination of its low supply and use cases may make Elrond a good investment in the future. 

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