A Step-by-Step-Guide on how to buy Elrond (EGLD)
Step 1 – Signup to CEX.io You'll first need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and receive ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Elrond (EGLD) is available on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our manual).
Step 3 – Locate (EGLD) Elrond Once your deposit has been verified, you will immediately have access to your assets and you can start invest and trading. To invest in (EGLD) Elrond on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. To spot (EGLD) Elrond, you will need to put the cointype (EGLD) into the search-box, which is marked in the image. Make sure you have selected the correct grouping, we have marked this also. Click on “EGLD/BTC” to progress.
Step 4 – Buy Elrond (EGLD) After you have located Elrond (EGLD), you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are making our Limit Order. The ”Price” field will be filled with the latest price Elrond (EGLD) was sold for. This can be changed to your desired rate. The ”Amount” field is the quantity of EGLD you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete quantity of EGLD. If you're satisfied, make a mouse click on “Buy EGLD”. Your order will be filled as soon as a Vendor sells their EGLD for the price you introduced.
Step 5 – Withdraw (EGLD) Elrond Unless you are trading, best advise is not to keep your crypto coins on an Cryptocurrency Exchange for an longer period of time. To take off your (EGLD) Elrond, go to the tab called “Funds” and click on “Withdraw”. (EGLD) Elrond can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate (EGLD) Elrond by using the provided drop-down box. Put into the volumen of (EGLD) Elrond you'd like to take off. Don't forget the shown fees/minimums. Also make sure you have entered your precise withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a take off.