Buy ELROND
in South Africa

EGLD was officially released to the market in July 2020 with an initial price of $9.4. It didn’t have much value until 2021 when it suddenly reached $195.9. It was great news for ELDG owners because their investment was highly profitable in less than a year. This token had many ups and downs in 2021. It could even set a record for the highest price for the second time in one year at a value of $490. It sounded like ELDG would have more surprises on the way. But that didn’t happen, and ELDG ended the year with a price of $24.5. This coin also didn’t have a great year in 2022 because it started to drop until it reached $33 at the end of the year. 

The good days of the ELDG coin sound surprising to everyone because that’s how beneficial they like their investment to be. However, no one can ensure that their investment will be profitable because of the risky world of the cryptocurrency market. But it is recommended to check ELDG price forecasts to see the probable future of this token. However, you should still know that predictions are not guaranteed. They are just some probabilities based on the coin's analysis. Crypto experts and analysts have predicted growth in this token’s future. They believe that the ELDG price might reach $255 by 2028 and if everything goes well, it could rise to $340 by 2030.

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.

Yes, it is legal to buy cryptocurrencies in South Africa. A position paper on crypto assets’
regulation necessity was published by the Intergovernmental Fintech Working Group (IFWG)
with the supervision of the South African Reserve Bank. The position paper's objective is to
offer detailed advice on how to create a regulatory framework for digital assets, along with
recommendations on how to carry out the necessary regulatory changes. According to the same
paper mentioned above, “A crypto asset is a digital representation of value that is not issued by
a central bank, but is capable of being traded, transferred or stored electronically by regular
individuals and legal persons for the purpose of payment, investment and other forms of utility;
applies cryptographic techniques and uses distributed ledger technology.” The proposed
regulations and a policy on the practices associated with crypto assets are also being
developed further, using that same position paper as inspiration.

Yes. According to the Explanatory Memorandum on the Taxation Laws Amendment Bill
provided by the South African Revenue Service (SARS), based on the taxation of
cryptocurrencies in countries such as the United States and India, South Africa appears to tax
cryptocurrencies in line with internationals trends. According to the above-mentioned
Amendment Bill, the treatment of capital gains from investment assets, such as property or
cryptocurrency. If an individual derives a gain or loss from the sale of a property held for
investment purposes, the gain or loss will be taxed as part of the individual's taxable income.
Similarly, if an individual disposes of a cryptocurrency, any gain arising from the disposal will be
subject to tax under the provisions of capital gains tax.
Moreover, in accordance with the same mentioned Bill, if a taxpayer is found to be frequently
engaged in cryptocurrency transactions, they could be considered a cryptocurrency trader. In
such a case, the income generated from the cryptocurrency trade will be included in the
taxpayer's taxable income and will be subject to taxation. This means that all the profits made
from buying and selling cryptocurrencies will be considered taxable income and the taxpayer will
be responsible for paying taxes on it.

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.

In South Africa, there is no restriction on who can buy cryptocurrency. Any individual or entity,
regardless of their age, residency, or nationality, can purchase cryptocurrencies as long as they
have access to the necessary technology and financial resources. It is advisable for crypto
buyers to purchase their desired cryptocurrency assets through exchanges. On this note, our
exchange is a reliable and secure option for individuals looking to purchase cryptocurrencies in
South Africa. Our platform is fully compliant with the law and provides a range of payment
methods for customers to choose from, including Apple Pay, Google Pay, credit card, debit
card, bank transfer, and PayPal. Importantly, our exchange does not charge any transaction
fees for buying or selling cryptocurrencies, making it an affordable and accessible option for
those looking to invest in this asset class. Whether you're a seasoned crypto investor or just
starting out, our exchange provides a convenient and secure way to buy and sell
cryptocurrencies in South Africa.