How to Buy ELROND (EGLD)
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How to buy EGLD
Just 3 easy steps to start investing in ELROND
Create your account
Sign up on the website, and verify your account with complete information.
Select a payment
Select whether you want to purchase EGLD with PayPal, Google Pay, etc.
Choose EGLD, select how much you want to buy, and make your first investment.
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Learn more about ELROND
What is ELROND ?
Elrond is a decentralized blockchain network launched in 2017. The main idea behind founding this network was to increase the sustainability of the blockchain. Therefore, Elrons is one of the most successful examples of an energy-efficient blockchain network. It has implemented a technology to improve the speed of block verification and information processing. Furthermore, one thing that distinguishes this network from similar ones is the support of smart contracts and decentralized apps, which are very popular these days.
For more updates about Elrond, check out Multiverse official website.
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.
Is ELROND 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.
After you've bought EGLD
ELDG is a governance token. It means it is mainly used on its network to give power to its owners. ELDG holders can participate in different elections on this network. They can vote to change regulations or accept a new project. Therefore, somehow the ELDG owners can impact the future value of this token and its network because it is they who vote and suggest projects and have power on this network.
On the other hand, most people buy cryptocurrency because they seem so profitable. ELDG can be kept as an investment too. In the past, it has been shown several times that it could be a good investment. However, no one can guarantee the future of a cryptocurrency based on its past. Therefore, if you want to buy ELDG as an investment, we recommend you to read the news about this network, its investors, the projects it accepts, and the price predictions that the experts' analysis. In the end, if you are a beginner in this world, it is better to start with a limited amount of money to invest to avoid any loss.
Your entry to the world of crypto
Other Methods of buying ELROND
Where can I buy ELROND
If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells ELROND or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.
You can buy ELROND directly from another person over the web.
Crypto Exchanges are the safest places for buying ELROND. You can use Blocktrade as a cheap, secure, and global exchange to buy EGLD. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase EGLD with a few clicks.
Blocktrade is available in 100+ countries
How to sell ELROND
Sign up and verify your Blocktrade account
You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.
Deposit EGLD to your Blocktrade account
To sell ELROND on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any ELROND address.
Start selling ELROND!
Once you deposited your ELROND in your Blocktrade deposit address, you’ll be able to sell your EGLD.
Frequently asked questions
ELDG gives power to its owners because they can vote on the network regulations and projects. Furthermore, this token is used for running smart contracts.
The main structure of this platform was launched by the Mincu brothers and their friends. The major founders are Benjamin Mincu, a well-known blockchain engineer in Europe, and his brother Lucian Mincu who has experience in setting up complex technologies and infrastructures for the German government. This issue can easily determine his abilities.
The cost of buying ELROND can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of EGLD, you can either log in to our website and see the real-time price or check our ELROND Calculator to see the price of ELROND in your desired currency.
The future of coins is not predictable. No one can tell you if ELDG will have a future or if it may lose on the way. But, since the network is trying its best to solve the problems of previous blockchains, it is possible that ELDG will still be in use in the future.
There are several options to buy EGLD such as cryptocurrency exchanges, Peer-to-peer marketplaces, ELROND brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy ELROND for beginners. You can easily buy ELROND without any buying fees from 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.
There is no right time to buy ELROND, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying ELROND or any other cryptocurrency.