A Step-by-Step-Guide on how to buy Elrond (EGLD)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for any other Cryptocurrency. Click the button below for registration and receive your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Send Your Funds to an Crypto Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Elrond (EGLD) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you have selected the precise coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find (EGLD) Elrond As soon as your deposit has been affirmed, you'll immediately have access to your assets and you can initiate purchasing and trading. To buy (EGLD) Elrond on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”. To locate (EGLD) Elrond, you'll need to put the shortname of the coin (EGLD) into the search box, which is marked in the picture. Be certain of having choosen the proper grouping, we have marked this too. Click on “EGLD/BTC” to continue.
Step 4 – Acquisition of Elrond (EGLD) After you've discovered Elrond (EGLD), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). For now we're going to create our own Limit Order. The ”Price” field will be automatically filled with the recent valuation Elrond (EGLD) was traded for. You can change this 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'll pay for the complete amount of EGLD. When you're happy, click on “Buy EGLD”. Your plan will be filled as soon as a Seller sells their EGLD for the price you gave.
Step 5 – Withdraw (EGLD) Elrond Unless you are regularly trading, best advise is not to keep coins on an Crypto Exchange for an extensive period of time. In order to take off your (EGLD) Elrond, go to the tab called “Funds” and mouse click on “Withdraw”. (EGLD) Elrond can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (EGLD) Elrond by using the given drop-down box. Enter the quantity of (EGLD) Elrond you'd wish to take off. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. When you are glad, click on “Submit”. You may be asked for verfication via phone/email ahead of a withdrawal.