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.
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1
Min. Deposit
$1
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10
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We use state-of-the-art storage technology to protect your cryptocurrency and USD assets
Binance.US provides secure and reliable access to the world’s most popular cryptocurrencies, with some of the lowest fees in the industry.
Payment Methods
ACH, Apple Pay, Debit Card, Wire Transfer
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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.
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.
Most Popular
1
Min. Deposit
$1
Promotion
User Score
10
Buy, Sell, and Trade Cryptocurrencies
Trade over 130 cryptocurrencies with low trading fees
We use state-of-the-art storage technology to protect your cryptocurrency and USD assets
OKX is a world-leading cryptocurrency exchange, providing advanced financial services to traders globally by using blockchain technology.
Payment Methods
AdvCash, Alfa Bank, Bank Transfer, Banxa, Belarusbank, MTBank, Mercada Pago, Payoneer, PicPay
Simplex, neteller, skrill
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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
$0
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User Score
8.7
All swaps are custody-free, with no registration needed
Convert 500+ crypto assets instantly
Best exchange rates among the whole cryptocurrency market
Swapzone is a crypto exchange aggregator that operates as a gateway between the cryptocurrency community and exchange services. Swapzone aims to provide a convenient interface, safe user flow, and crystal-clear data for users to find the best exchange rates among the whole cryptocurrency market.
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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.
Many crypto investors would consider Elrond a long-term investment. There is a lot of room for Elrond to grow as a blockchain network.
You can follow Elrond’s Twitter account and keep an eye on Elrond’s blog page on their website for company updates and upgrades.
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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