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How & Where to Buy Elrond A Step-by-Step Guide to Buying ERD

  1. Sign up at Binance.US, the #1 rated ERD exchange.
  2. Fund your account with cash or crypto.
  3. Buy ElrondERD
  1. STEP 1Find the Best ERD Exchange
    • binance.us logo
      Ease of use
      Easy
      Time to 1st Buy
      24 hrs
      24h Volume
      $27,986,487
      Coins
      66

      Founded in 2019 as the USA-focused branch of the Binance family of exchanges, Binance.US supports trading in over 50 cryptocurrencies and has the same industry standard low 0.1% fees as the original international Binance exchange. American users can buy crypto directly with a debit card, but Binance.US is not available in 7 states, including New York & Texas.

    Go to Binance.US and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Elrond ElrondERD quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy ERD with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for ERD.

Frequently Asked Questions About Buying & Selling Elrond (ERD)

How do I Buy ERD with Crypto?

If you want to buy ERD with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Binance.US and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Binance.US.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Elrond (ERD)?

To sell ERD, simply reverse the buying process described above. You will likely need to trade your ElrondERD into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Elrond Research Center

Elrond Technical Details & Statistics

Tokenomics
  • Market Rank41
  • Market Cap1,214,920,597
  • Circulating Supply22,518,743
  • Total Supply23,016,298 ERD
  • Max Supply31,415,926
Yesterday's Trading
  • 24 HR Volume36,376,233 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy Elrond (EGLD)

Brothers Lucian and Benjamin Mincu co-founded the Elrond project in 2017. They wanted to provide a workable solution for blockchain scalability issues that plague many other blockchain projects.

Before launching Elrond, the brothers co-founded a digital asset investment fund called MetaChain Capital and ICO Market Data, an ICO (Initial coin offerings) information aggregator.

Benjamin was an early investor in Binance, the world’s largest cryptocurrency exchange by trading volume. In addition, he also invested early on in Tezos (XTZ) and Zilliqa (ZIL).

Lucian previously worked as a security specialist and information technology engineer with several companies, including Liebi Systems and Uhrenwerk.

“Developers, validators, and businesses use Elrond to build a new internet economy. We give anyone, anywhere easy access to the digital economy, by bringing a 1000x improvement in blockchain speed, scale, cost, and user experience.” – Elrond website.

In June 2019, the Elrond project raised $1.9 million from a private investment round aimed at attracting angel investors, and in July 2020, The Elrond mainnet went live.

What Is Elrond (EGLD)?

Elrond (EGLD) is a blockchain-based protocol that uses sharding to provide lightning-fast transaction speeds (15,000 TPS), low costs ($0.001), and six-second latency.

The latency refers to potentially two separate time delays: –

  1.     The blockchain
  2.     The exchange

A fast latency means a superior transaction speed between sending and confirmation of receipt from the target network. For instance, Bitcoin has a slow latency, taking 10 minutes per block.  

The Elrond project is an ecosystem of DeFi (decentralized finance), Fintech, and the Internet of things “The Internet of things describes physical objects with sensors, processing ability, software, and other technologies that connect and exchange data with other devices and systems over the Internet or other communications networks.” Wikipedia

Elrond’s native token is $EGLD, often called eGold. $EGLD is used for network fee payments, staking, and rewarding the network validators.

What Makes Elrond (EGLD) Unique?

Scalability is often a big issue for many blockchains. Enhanced scalability often results in the diminished performance of other essential aspects of a blockchain, like speed or transaction costs.

The Elrond project purports to solve the scalability problem by implementing state, network, and transaction sharding. Elrond’s vision is for $EGLD to become a “store-of-value” asset and it plans to continue building the Elrond ecosystem.

Elrond is an attractive project for developers because it enables the potential to earn 30% royalties from smart contract fees.

Unique Elrond (EGLD) Features: 

  • Adaptive state sharding – Elrond’s unique sharding process means that the parallel processing leads to better communication inside the shards whilst also increasing performance
  • Secure proof of stake – Elrond uses “secure proof of stake” consensus, which “combines eligibility through stake and rating with random validator selection, and an optimal dimension for the consensus group.” It randomly reshuffles nodes into other shards
  • Elrond VM – The Elrond Virtual Machine is built on WASM (WebAssembly). It serves as a “dedicated smart contract execution engine”, which means that developers can write smart contracts in the language of their choice

The Elrond blockchain also powers Maiar, a high-security, non-custodial digital wallet, which Elrond claims is “going to radically change the way we interact with money.”

The Maiar wallet has no recovery phrase, password, or user name. All it needs is your phone number to map to your wallet address. Users retain 100% privacy and can send money anywhere to anyone from their address book.

How and Where to Buy Elrond (EGLD)?

The first and most important decision you have is choosing the right cryptocurrency exchange to purchase Elrond (EGLD). If you’re a beginner in crypto investing, we suggest a user-friendly platform like Binance, though it’s also an exchange used by experienced investors and traders:

  1. Register for an account with Binance – Fill in your details and upload your identification documents. Once approved, you have full access to Binance services
  2. Make a deposit – Binance accepts Mastercard and Visa and wire transfers. You can also deposit with supported crypto tokens
  3. Go to the “exchange” tab – $EGLD is paired with EGLD/USDT, EGLD/BUSD, EGLD/BTC, EGLD/EUR, EGLD/ETH & EGLD/BNB
  4. After buying $EGLD tokens – Store them securely in a crypto wallet. Use Trust Wallet, Binance’s mobile app, for access to your portfolio on the go. Alternatively, use the online exchange wallet

 

How do I Sell Elrond (EGLD)?

Selling your Elrond (EGLD) tokens on Binance is a fast and simple process:

  1. Find the “trade” tab
  2. If you want to withdraw your $EGLD profits for fiat currency, for now, convert to a stablecoin like $USDT
  3. Register with an off-ramp platform like Coinbase and send your $USDT to the platform
  4. If you have authenticated your bank account with Coinbase, convert your $USDT to the fiat currency of your choice and request a withdrawal

Should I Buy Elrond (EGLD)?

We cannot tell you whether to buy Elrond (EGLD) tokens or not, as we are not investment advisors. Still, if you decide to add $EGLD tokens to your portfolio, always choose a cryptocurrency exchange with a good reputation. For instance, Binance, KuCoin, and Gate.io are reliable platforms with a good range of services and support.

How do I invest in Elrond (EGLD)? Safely?

Firstly, always do your research on a cryptocurrency project, the founders, scalability, and function. A crypto project with little utility or scalability is unlikely to grow, which reduces the prospect of profiting from your investment.

Secondly, open an account with a trusted cryptocurrency exchange like Binance, KuCoin, and Gate.io. These exchanges are established and provide a proprietary wallet service and customer support. They have an excellent range of markets and other tokens if you want to expand your investment portfolio or start trading cryptocurrencies.

Elrond (EGLD) token pairs on KuCoin and Gate.io

  •       KuCoin – EGLD/USDT, EGLD/BTC
  •       Gate.io – EGLD/USDT, EGLD/ETH