How to Buy Elastos (ELA)

Step 1 – Join Kraken

You'll first need to purchase units of the bigger coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and to get Bitcoin (BTC) or Ethereum (ETH).

Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Elastos (ELA) is available on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Crypto Trader? (Follow this how-to)

Make sure you've chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow these easy steps).

Step 3 – Locate Elastos (ELA)

As soon as your deposit has been verified, you'll now have access to your finances and you can commence purchasing and trading. To purchase Elastos (ELA) on Binance, you will want to hover over the ”Exchange” tab and after that click on “Basic”.

To find Elastos (ELA), you'll need to insert the shortname of the coin (ELA) into the search box, which is highlighted in the graphic. Make sure you have selected the correct grouping, we've marked this also. Click on “ELA/BTC” to go ahead.

Step 4 – Purchasing Elastos (ELA)

Once you've found Elastos (ELA), you'll be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). And now we are creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent rate Elastos (ELA) was sold for. You can change this to your preferred price. The ”Amount” field is the amount of ELA you want to purchase. The field with the “Total” tag is the aggregated price in Bitcoin that you'll settle for the whole volumen of ELA.

When you're satisfied, make a mouse click on “Buy ELA”. Your order will be filled as soon as a Vender sells their ELA for the price you submitted.

Step 5 – Withdraw Elastos (ELA)

Unless you're regularly trading, never keep your crypto coins on an Exchange for an extensive period of time. In order to take off your Elastos (ELA), hover over the ”Funds” tab and click on “Withdraw”. Elastos (ELA) can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Elastos (ELA) by using the given drop-down box. Enter the amount of Elastos (ELA) you would like to take off. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you're glad, click “Submit”. You could be requested for email/phone verification ahead of a take off.