A Step-by-Step-Guide on how to buy Elrond (EGLD)
Step 1 – Join Kraken In the beginning you'll need to buy one of the major coins. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below to register and getting Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum or Bitcoin to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Elrond (EGLD) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow this how-to) Make sure you've chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Locate Elrond (EGLD) As soon as your deposit has been verified, you'll instantly have access to your funds and you can begin purchasing and trading. To buy Elrond (EGLD) on Binance, you'll want to go to the ”Exchange” tab and after that click on “Basic”. To locate Elrond (EGLD), you'll need to put the short name of the asset (EGLD) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we have highlighted this too. Click on “EGLD/BTC” to go on.
Step 4 – Purchasing Elrond (EGLD) After you have spotted Elrond (EGLD), you'll be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we are going to create our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent tariff Elrond (EGLD) was sold for. You can change this to your desired rate. The field with the “Amount” tag is the volumen of EGLD you wish to purchase. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of EGLD. If you're happy, click on “Buy EGLD”. Your order will be filled when a Seller trades their EGLD for the price you gave.
Step 5 – Withdraw Elrond (EGLD) Unless you are regularly trading, you should never keepyour crypto coins on an Crypto Exchange for an longer period of time. To take off your Elrond (EGLD), go to the ”Funds” tab and mouse click on “Withdraw”. Elrond (EGLD) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Elrond (EGLD) by using the provided drop-down box. Drop in the amount of Elrond (EGLD) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be requested for verfication via phone/email ahead of a withdrawal.
Congratulations! You have successfully purchased and stored Elrond (EGLD).That's it! Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). Once you've confirmed your take off with Ethplorer.io or Etherscan.io and the (EGLD) Elrond is stored within your wallet, you're all done.
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