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 BTC (Bitcoin) or ETH (Ethereum) to an Crypto Trader Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Elrond (EGLD) is accessible on Binance, so we're going to use that as an example. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow these easy steps) Make sure you've selected the exact coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate Elrond (EGLD) Once your deposit has been confirmed, you'll instantly have access to your assets and you can start purchasing and trading. To purchase Elrond (EGLD) on Binance, you'll want to go to the ”Exchange” tab and mouse click on “Basic”. In order to locate Elrond (EGLD), you'll need to insert the cointype (EGLD) into the search box, which is highlighted in the graphic. Be certain of having selected the right pairing, we have highlighted this also. Click on “EGLD/BTC” to go ahead.
Step 4 – Buying Elrond (EGLD) After you've located Elrond (EGLD), you will be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're going to make our Limit Order. The ”Price” field will be filled with the up-to-date valuation Elrond (EGLD) was sold for. You can change this to your desired rate. The ”Amount” field is the quantity of EGLD you wish to buy. The field with the “Total” tag is the whole price in BTC that you will pay for the whole quantity of EGLD. When you are glad, make a mouse click on “Buy EGLD”. Your plan will be filled when a Seller sells their EGLD for the price you submitted.
Step 5 – Withdraw Elrond (EGLD) Unless you're trading, best advise is not to keep crypto coins on an Exchange for an extended time frame. To take off your Elrond (EGLD), hover over the tab called “Funds” and mouse click on “Withdraw”. Elrond (EGLD) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Elrond (EGLD) by using the given drop-down box. Put into the volumen of Elrond (EGLD) you would wish to take off. Don't forget the shown fees/minimums. Also make sure you have filled your correct withdraw address. If you're glad, make a mouse click on “Submit”. You may be asked for verfication via phone/email before a withdrawal.