How to Buy Elrond (EGLD)

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.

Binance Signup
Step 2 – Send Your Funds to an Crypto Trader

Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Elrond (EGLD) is available on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).

Step 3 – Find Elrond (EGLD)

As soon as your deposit has been verified, you'll immediately have access to your funds and you can begin buying and trading. To invest in Elrond (EGLD) on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”.

In order to locate Elrond (EGLD), you will need to insert the shortname of the coin (EGLD) into the search-box, which is highlighted in the image. Make sure you have choosen the right pairing, we've highlighted this too. Click on “EGLD/BTC” to progress.

Binance Hot To Buy Elrond (EGLD)
Binance How to Buy (EGLD) Elrond
Step 4 – Purchasing Elrond (EGLD)

Once you have found Elrond (EGLD), 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 picture). For now we're creating our own Limit Order.

The ”Price” field will be filled with the most recent valuation Elrond (EGLD) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the amount of EGLD you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the whole amount of EGLD.

If you're happy, click on “Buy EGLD”. Your order will be filled as soon as a Vendor trades their EGLD for the price you offered.

Step 5 – Withdraw Elrond (EGLD)

Unless you're frequently trading, best advise is not to keep coins on an Crypto Exchange for an extensive time period. To withdraw your Elrond (EGLD), go to the ”Funds” tab and mouse click on “Withdraw”. Elrond (EGLD) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find Elrond (EGLD) by using the provided drop-down box. Drop in the volumen of Elrond (EGLD) you would like to withdraw. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

When you are glad, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.

Binance Withdraw

Congratulations! You have successfully bought and stored Elrond (EGLD).

That's it!

Withdrawals from Crypto Exchange can take anywhere from 1 – 30 minutes (depending on network usage). As soon as you have proved your withdrawal using Etherscan.io or Ethplorer.io and the (EGLD) Elrond is stored in your wallet, you are finished.

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