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How to buy ELROND with Bank Transfer

Why investors buy ELROND with Bank Transfer

SEPA or Single Euro Payments Area is a bank transfer payment system created by the European Union. It is a system that allows cross-border payments in Euros within the Euro-zone. European Union and neighboring country residents frequently use SEPA to send and receive payments using the funds in their bank accounts. A trustworthy framework for quick and affordable money transfers is provided by this network. A business must adhere to stringent guidelines and meet the highest security standards in order to offer SEPA wire transfers. Using SEPA bank transfers, you can buy cryptocurrency at our exchange and deposit and withdraw EUR easily. Offering payment options via bank transfer or SEPA would have the following main benefits:

  • Instant payments are one option provided by the SEPA payment system. Weekends and holidays are not excluded from the SEPA Instant transfer schedule.
  • High security because every transfer has to be cleared by several banks on its way to the exchange.
  • No deposit fees, high buying limits
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Is EGLD a good investment?

SEPA or Single Euro Payments Area is a bank transfer payment system created by the European Union. It is a system that allows cross-border payments in Euros within the Euro-zone. European Union and neighboring country residents frequently use SEPA to send and receive payments using the funds in their bank accounts. A trustworthy framework for quick and affordable money transfers is provided by this network. A business must adhere to stringent guidelines and meet the highest security standards in order to offer SEPA wire transfers. Using SEPA bank transfers, you can buy cryptocurrency at our exchange and deposit and withdraw EUR easily. Offering payment options via bank transfer or SEPA would have the following main benefits:

  • Instant payments are one option provided by the SEPA payment system. Weekends and holidays are not excluded from the SEPA Instant transfer schedule.
  • High security because every transfer has to be cleared by several banks on its way to the exchange.
  • No deposit fees, high buying limits
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Who can buy ELROND with Bank Transfer

Citizens living in a Eurozone location are able to open a bank account and use SEPA. If you are based in a non-Eurozone country, you can easily check which banks offer SEPA if you want to make this type of transfer. You can purchase any kind of cryptocurrency directly into your personal wallet without making any initial deposits by using our exchange to perform a straightforward SEPA transfer with your bank account.

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What is EGLD ?

ELDG is the official token of the Elrond network, which was previously called ERD but was renamed in 2020. This token is used for running smart contracts, or as a reward to this blockchain’s users who participate in staking or other operations. Additionally, EGLD owners can vote on the network upgrades. Therefore, the more coins you have, the more power you will gain on this network. The most common use of EGLD is by smart contract authors. Therefore, these people might also be the ones who may need to buy more coins from people who own ELDG. Like most cryptocurrencies, ELDG also has a limited supply, equal to 20 million tokens.

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How to buy EGLD with Bank Transfer instantly?

SEPA is a way to make European cross-border payments simpler, cheaper, and faster. It is one of the most cost-effective and convenient ways to transfer money within the EEA. As the ease of use and clear navigation that come with using SEPA/bank transfer as the initial payment method may appeal to users, buying cryptocurrency with SEPA is likely the best option to purchase crypto assets in Europe instantly.

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Where can I buy EGLD online with a Bank Transfer?

If you prefer simple and secure crypto trading, SEPA/bank transfer would be your ideal method. Our exchange offers SEPA/bank transfer as a payment solution to give its users more options to buy cryptocurrencies easily. You must first log into your account on Blocktrade.com in order to use SEPA/bank transfer payment on our exchange. Then, after entering the number of cryptocurrencies you need to buy and choosing to charge up your account balance using SEPA/bank transfer, finish your cryptocurrency purchase.

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Is EGLD Reliable?

The Elrond network uses the Secure Proof-of-Stake mechanism, which is more secure and protected than the traditional PoS. It uses several computers to secure the network and validate transactions, especially for distributing ELGD coins. Therefore, the Elrond network is considered a safe and reliable network. 

If you would like to know if ELDG is reliable, we can tell you that as long as you buy this coin from a trusted exchange and keep your coins in a protected wallet with a strong password, nothing can happen to your digital assets. In the case of holding the coins for a long-term investment, it is recommended to use a hardware wallet which is more secure than software wallets.

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FAQ

Frequently asked questions

You can buy ELDG from different exchanges. Blocktrade offers you zero processing fee, which makes it much more cost-effective to buy ELDG or other coins on this exchange. Furthermore, Blocktrade is a trusted exchange regulated in the EU.

Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.

Generally, ELDG and ELD are both the same coin on the Elrond network. The official token on this network at first called ELD, which was an ERC-20 token. But when the dedicated blockchain of Elrond launched in 2020, the previous tokens were swapped with the new one, called ELDG, which is not an ERC-20 token anymore.

There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.

It is not clear when is the right time to buy a coin. If you want to buy ELDG, we recommend you read more about it on social media or experts’ comments. Reading the whitepaper of this network can also brighten your way to see if it is the proper token for you to invest.

SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.

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