Last update: Jun 6, 2022

How to Buy Elrond eGold (EGLD)

So you’re looking for a guide on how to buy Elrond eGold. Depending on where you’re based, you’ll have various cryptocurrency exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency trading platforms, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

How to Buy Elrond eGold – 4 Easy Steps

1. Choose a cryptocurrency exchange

Finding a crypto trading platform isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Elrond eGold of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger cryptocurrency exchanges.

4. Buy Elrond eGold

Now that you have what you need to buy Elrond eGold, head over to the market or buy section of the cryptocurrency trading platform and buy some EGLD.

If the crypto exchange doesn’t have any Elrond eGold on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Elrond eGold first), and trade your Ethereum for Elrond eGold.

Where to Buy Elrond eGold (EGLD)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Elrond eGold

1. Sign into the cryptocurrency exchange where you bought Elrond eGold.
2. Move your Elrond eGold to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
3. Sell Elrond eGold.

 

How to Buy Elrond eGold (EGLD) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Elrond eGold in Australia, the process remains the same:

1. Find a cryptocurrency exchange below.
2. Sign up for an account.
3. Fund your account with AUD.
4. Buy Elrond eGold if it’s available. If the exchange doesn’t have Elrond eGold. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Elrond eGold), and trade your ETH for Elrond eGold.

You can also take a look at our analysis of the top crypto exchanges in Australia for those looking to learn more about which exchanges we prefer.

How to Buy Elrond eGold (EGLD) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Elrond eGold in Canada, the process remains the same:

1. Find a crypto exchange below.
2. Sign up for an account.
3. Fund your account with CAD.
4. Buy Elrond eGold if it’s available. If the exchange doesn’t have Elrond eGold. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Elrond eGold), and trade your ETH for Elrond eGold.

Alternatively, if you want to learn more about the exchanges we like, check our list of the best cryptocurrency brokers in Canada.

How to Buy Elrond eGold (EGLD) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Elrond eGold in the UK, the process remains the same:

1. Find a cryptocurrency trading platform below.
2. Sign up for an account.
3. Fund your account with GBP.
4. Buy Elrond eGold if it’s available. If the exchange doesn’t have Elrond eGold. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Elrond eGold), and trade your ETH for Elrond eGold.

If you’d like to know more about the exchanges we prefer, read our list of the crypto exchanges in the UK.

Considering buying Elrond eGold? EGLD Rundown

Elrond, a blockchain protocol, aims to provide extremely fast transaction speeds through sharding. The project is described as a technology ecosystem that will enable the internet to become a new one. It includes fintech, decentralized financing, and the Internet of Things. The smart contracts execution platform can execute 15,000 transactions per minute, with a six-second latency of 0.001 and a transaction cost of $0.001.

Blockchain has an native token called eGold or EGLD that can be used to pay network fees, staking, and reward validators.

Elrond's first announcement was made in August 2019. Its mainnet went online in July 2020.

Elrond is a blockchain platform that supports the new internet economy, decentralized applications, and enterprise use. Its primary selling point is its high scale, which it claims is due to the fact that it is the first network of blockchains in which state and network as well as transaction sharding are all implemented. Its economic paper states that it aims to create an ecosystem and make EGLD a store-of value asset.

The network is run on 2,169 validator nosdes, divided into four shards. Three execution shards are capable of 5,400 transactions per seconds each and one coordination shard called the "Metachain". Elrond's adaptive sharding architecture completely severs state, transactions, and network. When the throughput demand is not met, it can scale by adding another shard. It can run 263,000 TPS when there are 1,500 nodes in public environments. The nodes come from 29 countries and are grouped into 50 shards.

The project supports developers who build on the platform to increase adoption. They can earn 30% of smart contract fees as royalties.

During its first year, the company has a supply EGLD tokens that can be staked on the network. Validator nodes receive a 36% annual percentage.

Related:

• How to Buy eCash (XEC)
• How to Buy Enjin Coin (ENJ)