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 Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Elrond (EGLD) is obtainable on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the precise coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).
Step 3 – Locate Elrond (EGLD) As soon as your deposit has been verified, you'll now have access to your finances and you can initiate buying and trading. To invest in Elrond (EGLD) on Binance, you'll want to go to the ”Exchange” tab and click on “Basic”. In order to find Elrond (EGLD), you'll need to put the cointype (EGLD) into the search-box, which is highlighted in the image. Make sure you have choosen the proper grouping, we've highlighted this also. Click on “EGLD/BTC” to go on.
Step 4 – Purchase Elrond (EGLD) Once you've located Elrond (EGLD), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we're making our own Limit Order. The ”Price” field will be filled automatically with the latest price Elrond (EGLD) was sold for. This can be changed to your desired rate. The field with the “Amount” tag is the amount of EGLD you like to buy. The ”Total” field is the whole price in BTC that you will settle for the complete amount of EGLD. If you're happy, make a mouse click on “Buy EGLD”. Your order will be filled as soon as a Vender sells their EGLD for the price you submitted.
Step 5 – Withdraw Elrond (EGLD) Unless you are trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your Elrond (EGLD), go to the tab called “Funds” 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 given drop-down box. Put into the volumen of Elrond (EGLD) you'd wish to withdraw. Take into account the displayed minimus/fees. Also make sure you have filled your correct withdraw address. If you are satisfied, click “Submit”. You could be requested for verfication via email/phone before a take off.