A Step-by-Step-Guide on how to buy Elrond (EGLD)
Step 1 – Signup to CEX.io You will first need to buy one of the bigger currencies. Exchanges commonly accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Follow the Link below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has 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're going to use that as an example. Not sure on how to send funds from Coinbase to an Crypto Trader? (Follow these easy steps) Make sure you have chosen the precise coin you want to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an Ethereum deposit address, and so on. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).
Step 3 – Locate Elrond (EGLD) Once your deposit has been approved, you will now have access to your finances and you can commence invest and trading. To buy Elrond (EGLD) on Binance, you will want to hover over the ”Exchange” tab and after that mouse click on “Basic”. To spot Elrond (EGLD), you will need to put the short name of the asset (EGLD) into the search box, which is marked in the graphic. Be certain of having choosen the correct pairing, we have marked this also. Click on “EGLD/BTC” to go ahead.
Step 4 – Purchasing Elrond (EGLD) Once you have located Elrond (EGLD), you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're creating our own Limit Order. The ”Price” field will be automatically filled with the most latest price Elrond (EGLD) was traded for. This can be changed to your desired price. The ”Amount” field is the amount of EGLD you like to buy. The ”Total” field is the total price in Bitcoin that you'll settle for the complete volumen of EGLD. If you're glad, make a mouse click on “Buy EGLD”. Your order will be filled when a Vendor sells their EGLD for the price you submitted.
Step 5 – Withdraw Elrond (EGLD) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an longer period of time. In order to withdraw your Elrond (EGLD), hover over the ”Funds” tab and mouse click on “Withdraw”. Elrond (EGLD) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Elrond (EGLD) by using the given drop-down box. Enter the volumen of Elrond (EGLD) you would wish to take off. Take into account the shown minimus/fees. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.