How to Buy Elastos (ELA)

A Step-by-Step-Guide on 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).

Binance Signup
Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Elastos (ELA) is obtainable on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps)

Make sure you've selected the correct coin you wish to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our how-to).

Step 3 – Locate Elastos (ELA)

Once your deposit has been verified, you will instantly have access to your funds and you can initiate invest and trading. To purchase Elastos (ELA) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”.

To discover Elastos (ELA), you will need to put the cointype (ELA) into the search-box, which is marked in the image. Be certain of having selected the right pairing, we've highlighted this also. Click on “ELA/BTC” to continue.

Binance Hot To Buy Elastos (ELA)
Binance How to Buy (ELA) Elastos
Step 4 – Buy Elastos (ELA)

After you have discovered Elastos (ELA), you will be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). For now we are creating our own Limit Order.

The field with the “Price” tag will be automatically filled with the most recent tariff Elastos (ELA) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of ELA you like to buy. The ”Total” field is the whole price in BTC that you'll settle for the complete quantity of ELA.

If you are glad, click on “Buy ELA”. Your order will be filled as soon as a Vendor trades their ELA for the price you gave.

Step 5 – Withdraw Elastos (ELA)

Unless you're regularly trading, best advise is not to keep your coins on an Cryptocurrency Exchange for an longer time frame. In order to take off your Elastos (ELA), hover over the ”Funds” tab and mouse click on “Withdraw”. Elastos (ELA) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Elastos (ELA) by using the provided drop-down box. Put into the volumen of Elastos (ELA) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address.

If you're happy, make a mouse click on “Submit”. You may be requested for verfication via phone/email ahead of a withdrawal.

Binance Withdraw

Congratulations! You've successfully bought and stored Elastos (ELA).

That's it!

Take offs from Cryptocurrency Exchange can take between 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the (ELA) Elastos is stored inside your wallet, you are done.

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